Healthcare Supply Chain Management Global Market Report 2022: Growing Relevance of Big Data and Analytics Presents Lucrative Opportunities
DUBLIN, Aug. 25, 2022 /PRNewswire/ -- The "Healthcare Supply Chain Management - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Healthcare Supply Chain Management Market to Reach $3.6 Billion by 2026
With cost representing a major expense, participants in the industry focus on boosting productivity and reducing costs associated with the supply chain. These factors make healthcare supply chain as a primary focus area to improve efficiency and achieve cost savings. The holistic approach to the industry`s supply chain extends beyond cost savings and pushing productivity to encompass provisioning of enhanced healthcare without delay and in a cost-efficient manner.
These goals underscore the important of healthcare supply chain that can be exploited for capturing actionable data. The supply chain data is a valuable asset and provides insights into product requirements and strategies to stabilize inventory and reduce waste. These data-driven insights go a long way in reducing overall costs. Technology-based, automated supply chain offers relevant data as well as improves efficiency and patient outcomes by allowing enhanced patient care. These requirements are driving future-oriented organizations to elevate the role played by the healthcare supply chain to turn care into an enriching experience.
On the basis of the lessons learnt from the current COVID-19 crisis, businesses can take several vital steps towards making supply chains more resilient once the crisis is over. One of the major steps would be to reduce the requirement of human workforce across logistics, warehousing, and transportation. This could be achieved through core digital technologies for Industry 4.0, including Internet of Things (IoT), control towers, blockchain, machine learning/artificial intelligence-enabled demand forecasting, rule-based/self-adjusting stock allocations, and autonomous devices, such as drones and automated guided vehicles (AGVs). Factories capable of modularizing production and shifting production lines based on changes in demand are expected to become the new norm in the future.
Hardware Segment Reach $1 Billion by 2026
In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 10% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$502.9 Million will reach a projected size of US$980.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$48.8 Million by the year 2026, while Latin America will expand at a 8% CAGR through the analysis period.
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/rr8eqi
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SOURCE Research and Markets