The global healthcare supplychain management market is expected to reach USD 2.31 billion by 2022
from an estimated USD 1.55 billion in 2017, growing at a CAGR of 8.4% during
the forecast period. Growth in the healthcare
supply chain management market can primarily be attributed to the increasing pressure on healthcare providers to
improve operational efficiency & profitability and the benefits offered by
these solutions. The introduction of mobile-based solutions in healthcare
supply chain management and their applications provides lucrative growth opportunities
for players in the healthcare supply chain
management market.
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Agreements, collaborations, and partnerships; product
launches and enhancement; mergers and acquisitions; and expansions were some of
the strategies adopted by players from 2014 and 2017. The key players that
adopted these strategies include SAP (Germany), Oracle (US), Infor(US), GHX
(US), and McKesson (US).
SAP is the leading
player in the healthcare supply chain management
market. The company has a wide range
of product and service offerings for its customers. The company has a prominent
position as it offers user-friendly
solutions and cloud-based solutions. The cloud-based technology enables its
supply chain clients to tackle complex digitalization problems through its wide
range of innovative products and solutions. The firm has dedicated solutions to
manage healthcare supply chain and continues to provide its users with new and
upgraded solutions. For instance in 2016, the company enhanced its SAP
Integrated Business Planning 6.1, this enabled the SAP to enhance its customer
service in the demand and supply platform. The company has its presence in more
than 130 countries and operates through 255 subsidiaries worldwide.
Oracle is another leading player
in the global healthcare supply chain management
market. The company has more than 40 years of experience and provides
its customers with advanced solutions and services. The firm has a wide
geographical presence across Europe, the Middle East, Africa, Asia Pacific,
North America, and South America. The company focuses on product enhancements
as a part of its growth strategy. For instance in 2016, Oracle Corporation
expanded its Oracle Cloud Services with the addition of new services like
Oracle CX Cloud, Oracle SCM, ERP, and EPM Cloud to provide supply chain
management, enterprise resource planning, and enterprise performance management
solutions.
McKesson is a prominent name in the global healthcare supply chain management market. The
company has a wide range of supply chain management solutions which are
dedicated to end users in the healthcare
industry. The firm operates in major regions like the US, the UK, Canada, Australia, New Zealand, and Israel. The company
focuses on growth strategies like acquisitions to expand its customer base,
geographical presence and product portfolio.
Infor is also an important player in the global healthcare supply chain management market and
focuses on the specific needs of medium and large enterprises and designs
solutions catering to their needs. The company has a wide range of products and
also focuses on investing in R&D to enhance product development. The
company invested around 16%, 15.7% and 14.2% of its total revenue in R&D
activities in 2016, 2015 and 2014 respectively. The firm has a presence in the US
and maintains facilities in 41 countries, including Australia, Canada, India,
the UK, and Singapore with a customer base of 90,000 customers across the
globe.
Some of the other players competing in this market include
GHX (US), TECSYS (Canada), Manhattan Associates (US), JDA Software (US), Jump
Technologies (US), and LogiTag Systems (Israel), among others.
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