Healthcare Supply Chain Management Continues to Grow

While the market will expand, security issues will hinder its growth.

By HFT Staff


The healthcare supply chain management market size is estimated to be $2.528 million in 2022 and is expected to witness a compound annual growth rate of 9.71 percent percent during the forecast period 2023-2033. Growing implementation of the GS1 set of standards in many countries and rising pressure on healthcare providers are factors contributing to the market growth. However, growing issues surrounding security and data privacy are expected to hinder the growth as well.  

Other contributions to growth include:  

  • Increasing adoption of supply chain management systems. The program encourages and supports transparency between primary, ancillary and non-acute care providers to ensure that services are delivered efficiently and procedures. The market for healthcare supply chain management is developing as a result of emerging economies' growing adoption of supply chain management solutions, including hardware and software. 
  • Rising data. The growth of the healthcare supply chain management market is being supported by the rise of healthcare data, advancements in the manufacturing supply chain network, and expanding acceptance of supply chain management solutions, including hardware and software, in developing countries. Processes for supply chain management (SCM) must be improved in healthcare facilities. 

In 2022, North America accounted for the highest revenue in the healthcare supply chain management market and is expected to maintain its dominance during the forecast period. This is attributed to the mandatory adoption of GS1 standards and the use of unique device identifiers on pharmaceuticals and medical equipment.  



January 9, 2023


Topic Area: Information Technology


Recent Posts

Fire at Assisted Living Facility Kills 9, Injures 30

Half of the building’s residents were evacuated through small windows.


North Carolina Children's Health Selects Apex for Campus Location

The groundbreaking is anticipated to happen in 2027.


Designing for Access: Addressing Pharmacy Deserts with Flexible Solutions

Design is an increasingly important consideration for closing the gap in pharmaceutical access.


Baylor Scott & White Health Set to Open New Texas Medical Center 

The new 40-acre campus will offer communal green spaces, more than two miles of trails, health and wellness events and activities for everyone to enjoy.


The Future of Backup Power Systems in Healthcare Facilities

Manufacturers discuss what trends are shaping the future of backup power systems in healthcare.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.