Healthcare Supply Chain Management Industry Growth and Forecast Report, 2030

NEW YORK - Feb. 28, 2025 - PRLog -- According to the latest market research study published by P&S Intelligence, the global healthcare supply chain management market is poised for significant growth, with projected revenues increasing from USD 2,698.2 million in 2024 to USD 4,999.3 million by 2030, reflecting a compound annual growth rate (CAGR) of 10.8%.

This expansion is driven by the healthcare industry's imperative to reduce costs, the widespread adoption of GS1 standards, and heightened investments by healthcare providers and product manufacturers in supply chain management solutions. The COVID-19 pandemic underscored the critical need for efficient supply chain systems, leading to technological advancements and innovative operational strategies among key players.

Key Insights

Component Segmentation

The market is divided into software and services, and hardware components. The software and services segment is anticipated to dominate, driven by the need for automation and cost-effective supply chain processes.

Deployment Type

Cloud-based solutions are expected to hold a larger market share, accounting for 65% in 2024, and exhibit a higher CAGR during the forecast period. This trend is attributed to the scalability, cost reduction, and efficiency offered by cloud-based systems, which also minimize the need for extensive physical infrastructure.

End Users

Healthcare product manufacturers are projected to be the largest end-user group, comprising 55% of the market share in 2024. This is due to their increasing reliance on supply chain management solutions to oversee manufacturing processes, warehouse management, and transportation logistics. Logistics companies are expected to experience the fastest growth, with a CAGR of 11.5%, driven by the demand for specialized services to handle complex healthcare industry requirements.

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Regional Trends

North America is set to lead the market, holding 45% of the share in 2024, supported by a substantial number of healthcare enterprises and advanced technological adoption. The Asia-Pacific region is forecasted to witness the highest growth rate, with a CAGR of 11.7%, fueled by significant investments in healthcare infrastructure and the rising demand for supply chain solutions in emerging economies.

Competitive Landscape

The market is moderately fragmented, with key players such as SAP SE, Oracle Corporation, McKesson Corporation, Avery Dennison Corporation, and Tecsys Inc. leading the industry. These companies are actively engaging in strategic initiatives, including collaborations, mergers, acquisitions, and new product launches, to strengthen their market positions and address the evolving needs of the healthcare supply chain.