The Asia Pacific Healthcare Supply Chain Management Market would witness market growth of 10.1% CAGR during the forecast period (2019-2025). Asia Pacific is home to the countries that are driving growth and inspiring development. Singapore is a prime example. Government of Singapore attributes growth in the life sciences to the integrated research ecosystem of the city-state that allows companies to access multidisciplinary capacities from a single location. This is particularly critical given the observed decrease in R&D profitability, increased decision-making uncertainty and the immediate need to boost drug discovery and development. Management of logistics and supply chain has grown as a strategic advantage in many Thailand industries. Supply chain perspective has prompted the industry to see integration from upstream to downstream via the process.
The ultimate objective in the healthcare sector is patient safety. To achieve and ensure this goal, the healthcare sector works closely with the parties responsible for bringing the healthcare products to the counter/doorstep where they are delivered from the point of manufacture. All the rules and regulations are followed with great care. Although healthcare providers are making persistent efforts to reduce expenses by reducing waste and enhancing their operations, the chief aspect of the supply chain, which is responsible for an estimated one-third of all operating costs, has often been missed out. The healthcare supply chain comprises of three main groups: producers (manufacturing companies), buyers (wholesalers and distributors), and providers (pharmacies, hospitals, and clinics).
The growing need to enhance operational efficiency and profitability as well as minimize operating costs mainly by healthcare providers and manufacturers is boosting the growth of the target market. The advent of cloud-based and mobile solutions throughout the healthcare sector is also encouraging market growth. Furthermore, advancements in analytics, machine learning, and rise of social media and big data are expected to even further drive the market exponentially.
Based on Product, the market is segmented into Software, Hardware and Services. Based on Hardware Type, the market is further segmented into Barcodes and RFID Tags. Based on End Use, the market is segmented into Healthcare Manufacturers, Distributors, Healthcare Providers and Logistics. Based on Delivery Mode, the market is segmented into On-Premise, Web-Based and Cloud-Based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Healthcare Supply Chain Management Market in Asia Pacific is expected to register a CAGR of 10.1% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tecsys, Inc., Jump Technologies, Inc., McKesson Corporation, Infor, Inc. (Koch Industries), SAP SE, Oracle Corporation, JDA Software Group, Inc., Manhattan Associates, Inc., Ascension Health, Inc., and Henry Schein, Inc.
Market Segmentation:
By Product
By End Use
By Delivery Mode
By Country
Companies Profiled
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