Global Healthcare SCM Market 2016-2020
Market outlook of the healthcare SCM market
Technavio’s research analyst predicts the global healthcare SCM market to grow steadily at a CAGR of 10% over the next four years. The need to improve traceability in the healthcare SCM system is the primary growth driver for this market. Healthcare SCM helps organizations with labor optimization, financial management, and smooth flow of information throughout the entire supply chain.
Over the years, many SCM software solutions have been developed by the leading players in this market in a bid to reduce errors related to procurement of healthcare devices. Ongoing efforts to implement GS1 standards as a tool to improve healthcare SCM systems will further augment the adoption of SCM in the healthcare sector during the forecast period.
Segmentation and analysis of the healthcare SCM market
Technavio Announces the Publication of its Research Report – Global Healthcare SCM market 2016-2020
Technavio recognizes the following companies as the key players in the Global Healthcare SCM market: Cardinal Health, Cerner, Mckesson and Oracle
Other Prominent Vendors in the market are: Airclic, Binary Stream, Epicor, Genco, GHX, Infor, JDA Software, Manhattan Associates, Mayo Clinic, Microsoft, Owens & Minor, ROi, Solstice Medical, SAP, TECSYS, and UPS.
Commenting on the report, an analyst from Technavio’s team said: “Healthcare SCM systems use innovative technology solutions such as Internet of Things (IoT) to change the traditional process of managing the supply chain in the healthcare industry. Healthcare providers use IoT solutions to track logistics systems for health-related products. We note that traditional GPS-based solutions for logistics are shifting to IoT devices that offer better connectivity and mobile tracking systems.”
According to the report, SCM and risk management are needed to minimize supply-chain risks for healthcare providers. Pharmaceuticals companies are mitigating analytics supply-chain risks by process redesigning and analytics solutions. With the rapid expansion of supply chain systems and a decentralized base, healthcare providers need to manage their supply chain risks. Instabilities in the supply chain arise as healthcare providers are exposed to risks, such as unstable business cycles, unstable macroeconomic factors, high consumer demands, and natural disasters.
Further, the report states that security issues in supply chains are a critical factor for healthcare service providers. Product security in the distribution system is a primary concern for most healthcare firms that provide health-related products for hospitals.
Cardinal Health, Cerner, Mckesson, Oracle, Airclic, Binary Stream, Epicor, Genco, GHX, Infor, JDA Software, Manhattan Associates, Mayo Clinic, Microsoft, Owens & Minor, ROi, Solstice Medical, SAP, TECSYS, UPS.
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