A recent report ongoing study by Infinium Global Research on the healthcare supply chain management market provides an in-depth analysis of segments and sub-segments in the GCC as well as regional healthcare supply chain management market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional healthcare supply chain management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the GCC healthcare supply chain management market. The healthcare supply chain management market was valued at nearly USD 60 million in 2022 and is expected to reach more than USD 90 million in 2030, with a CAGR of about 6% during the forecast period of 2023-2030.
In the GCC regions, healthcare supply chain management comprises locating resources, managing supplies, and delivering goods and services to providers and patients. The benefits of an effective supply chain in healthcare include improved procedures, effective resource usage, content employees, successful treatment, and contented patients. Supply chain management in healthcare ensures proper linkage of hospitals departments, operations, and revenue cycle. The supply chain used to be visualized as a back-end program running which is necessary to integrate all the different processes together. The major factors propelling the growth of the GCC region’s market include the pressure of cost reduction in the healthcare industry. The adoption of GS1 standards, along with the increasing investments by healthcare providers and related product manufacturers in healthcare supply chain management solutions.
The substantial rise in the healthcare and pharmaceutical sector is the key driving factor for the market for the GCC regions. Healthcare supply chain management supports efficient information flow, labor productivity, and financial management throughout the entire supply chain. The need for cloud-based solutions to keep the record, track, and trace the delivery of drugs or devices that are shipped is covered in supply chain management. The removal of pirated products and the reduction of human error that results from the deployment of an inventory management system with the GS1 system of standards in healthcare increases patient safety. The manufacturing companies (producers), wholesalers and distributors (purchasers), and hospitals, pharmacies, and clinics (providers) are the three main streams in health care where supply chain management is used. Due to the availability of e-commerce solutions, the supply chain's manual procedures become error-free, increasing profitability while lowering process costs. Risks associated with the supply chain interfere with business operations and financial stability. Additionally, growing efforts to supply high-quality services on schedule, expanding use of various components like software and cloud-based solutions, and technical developments in the automation of processes are all expected to boost market expansion. On the other hand, the implementation and maintenance cost of healthcare supply chain management solutions is very high and is likely to hamper the growth of the market. The COVID-19 pandemic has caused serious disruptions to the healthcare system and has revealed substantial healthcare disparities in the GCC countries. The healthcare facilities including hospitals, clinics, and outpatient surgical centers were overwhelmed by the number of COVID-19 patients. To ensure safety, companies have also implemented more arduous cleaning and disinfection procedure, implemented visitor guidance and screening, controlled business travel, and set up remote working arrangements and stringent quarantine measures.
The countries covered in the healthcare supply chain management market are Saudi Arabia, South Africa, the U.A.E, Israel, Egypt, and the Rest of the Middle East and Africa. Saudi Arabia dominates the Middle East and African healthcare supply chain management market, this is attributable to the platform for consumers to freely purchase healthcare products and use them according to their requirements. In addition, high benefits are offered by third-party logistics for consumers to freely purchase healthcare products and use them according to their requirements in the region. The demand in this region is projected to be driven by the increased demand for the forward healthcare supply chain and reverse healthcare supply chain.
|Market Size in 2022||Nearly USD 60 Million|
|Market Size by 2030||More than USD 90 Million|
|Growth Rate from 2023 to 2030||CAGR of About 6%|
|Largest Market||Saudi Arabia|
|No. of Pages||80|
|Market Segmentation||By Function, By Delivery Mode, and By End User|
|Regional Scope||Saudi Arabia, UAE, Kuwait, and Rest of GCC|
The report on GCC healthcare supply chain management market covers segments such as function, delivery mode, and end user. On the basis of function, the sub-markets include forecasting and planning, inventory management and procurement, internal logistics and operations, warehousing and distribution, reverse and extended logistics, and others. On the basis of delivery mode, the sub-markets include on-premise, web-based, and cloud. On the basis of end user, the sub-markets include pharmaceutical and biotech companies, distributors, healthcare providers, and others.
The report provides profiles of the companies in the market such as Oracle, Cardinal Health, Microsoft, Epicor Software Corporation, Infor, Manhattan Associates, Blue Yonder Group, Inc., HOPE Consortium, YAS - Holding Company, and DB Schenker.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the healthcare supply chain management market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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