Healthcare Supply Chain Management Market Report 2025

This Healthcare Supply Chain Management market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The healthcare supply chain management market size has grown rapidly in recent years. It will grow from $3.09 billion in 2024 to $3.52 billion in 2025 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to cost control, regulatory compliance, need for inventory management, vendor collaboration, demand forecasting.

The healthcare supply chain management market size is expected to see rapid growth in the next few years. It will grow to $5.64 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to telehealth expansion, value-based care, increasing sustainability, regulatory changes, supply chain resilience. Major trends in the forecast period include digitalization and automation, predictive analytics, iot and rfid tracking, blockchain for transparency, lean and agile supply chain.

The rise in globalization is expected to drive the growth of the healthcare supply chain management market in the future. Globalization refers to the increasing interdependence of the world’s economies, cultures, and populations, facilitated by cross-border trade in goods and services, technology, and the movement of investment, people, and information. It has enhanced healthcare management by increasing healthcare knowledge and providing affordable healthcare technologies. For example, in April 2024, the International Monetary Fund, a US-based financial institution, projected that the global economy would grow by 3.2 percent during 2024 and 2025, maintaining the same growth rate as in 2023. Therefore, the rise in globalization is driving the expansion of the healthcare supply chain management market.

The growth of the healthcare supply chain management market is expected to be further fueled by the expansion of the pharmaceutical industry. The pharmaceutical industry encompasses the research, development, production, and distribution of drugs and medications. A flourishing pharmaceutical sector leads to increased production and distribution of a higher volume of medications, necessitating more efficient supply chain management for timely and accurate delivery to healthcare providers and patients. According to a report from January 2023 by IQVIA Inc., a US-based pharmaceutical company, global spending on and demand for medicines are projected to rise, reaching an approximate total of $1.9 trillion by 2027. The increased access to medications has resulted in a 36% growth in medicine use, measured in defined daily doses, over the past decade. Specialty medicines are expected to account for around 43% of global spending and a majority share of 56% in developed markets by 2027. The projected increase in global expenditure on cancer drugs, reaching $370 billion by 2027, is driven by the introduction and utilization of innovative drugs, with limited impact from new biosimilars. This surge in the pharmaceutical industry is a significant contributor to the growth of the healthcare supply chain management market.

Major companies in the healthcare supply chain management market are creating advanced products, such as cloud-based platforms, to improve operational efficiency, enhance real-time data visibility, and streamline procurement, inventory, and logistics processes within healthcare organizations. Cloud-based platforms are digital infrastructures that function on remote servers accessed via the internet, rather than being hosted on local or on-premise servers. For example, in March 2024, United Parcel Service (UPS) Inc., a US-based shipping and supply chain management company, launched UPS Supply Chain Symphony for UPS Healthcare. This cloud-based platform is designed to enhance healthcare supply chain management by integrating various logistics components into a single system. It enables users to efficiently manage and visualize their warehouse and transportation data, offering insights that can optimize supply chain operations. Users can track shipment details from origin to destination and generate on-demand reports detailing UPS shipments, warehouse status, and inventory levels.

Leading companies in the healthcare supply chain management market are actively developing innovative products, such as supply chain networks, with the goal of reaching larger customer bases, increasing sales, and boosting revenue. A supply chain network is a sophisticated and interconnected system comprising organizations, resources, activities, and technology that collaboratively design, produce, distribute, and deliver products or services to end customers. In November 2022, Cardinal Health, a US-based healthcare services and products company, introduced Velocare - a supply chain network and last-mile fulfillment solution. Velocare is designed to efficiently deliver essential products and services necessary for hospital-level care at home, ensuring they reach patients within one to two hours. This comprehensive solution leverages the combined capabilities of Cardinal Health and is tailored for health systems, payers, digital health firms, telehealth providers, and other entities involved in transitioning high-acuity care to patients' homes. Cardinal Health's strengths, including expertise in global logistics and distribution, extensive network management of suppliers and vendors, and access to a wide array of home-based care providers, contribute to the success of Velocare. The pilot program will assess the utilization of new technology, innovative order-handling processes, compact depots, and short-distance delivery vehicles, enabling the safe and consistent provision of hospital-level care within a home setting.

In March 2022, Symplr, a US-based leading provider of healthcare operations solutions related to governance, risk evaluation, and compliance, made an undisclosed acquisition of GreenLight Medical. This strategic collaboration allows Symplr to build a comprehensive platform by integrating the Greenlight medical software platform, Symplr's robust data warehouse, and its Hayes clinical evidence software solution. The aim is to enhance expenditure management and improve critical financial and clinical outcomes. GreenLight Medical, a US-based provider of healthcare supply chain management software, aligns well with Symplr's commitment to offering comprehensive solutions in the healthcare operations domain. This acquisition positions Symplr to deliver integrated and efficient supply chain management solutions to meet the evolving needs of the healthcare industry.

Major companies operating in the healthcare supply chain management market include SAP AG Group, Oracle Corporation, McKesson Corporation, TECSYS Inc., Global Healthcare Exchange LLC, Cardinal Health Inc., Determine Epicor, Llamasoft Ltd., Manhattan Associates, Blue Yonder Group Inc., Cerner Corporation, Jump Technologies Inc., LogiTag Systems, Harris Affinity, Premier Ltd., Accurate InfoSoft Pvt. Ltd., Hybrent Inc., Arvato Systems, Jabil Inc., AmerisourceBergen Corporation, Infor Global Solutions, Henry Schein Inc., Manhatten Associates, Becton Dickinson and Company, Owens & Minor Inc., Medtronic plc, Novo Nordisk AS, Stryker Corporation, F. Hoffmann-La Roche AG, Boston Scientific Corp., Biogen Inc., Johnson & Johnson Services Inc.

North America will be the largest region in the healthcare supply chain management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare supply chain management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Healthcare supply chain management is a process designed to efficiently oversee the flow of medical goods and services from manufacturers to patients. This involves the acquisition of resources, effective management of supplies, and the timely delivery of goods and services to healthcare providers and patients.

The key components in the healthcare supply chain management market include software applications and hardware components. Hardware refers to the physical parts of computers and related devices. The delivery modes for these components include on-premise and cloud-based solutions. The end-users involved in healthcare supply chain management encompass healthcare providers, healthcare manufacturers, and other entities within the supply chain.

The healthcare supply chain management market research report is one of a series of new reports that provides healthcare supply chain management market statistics, including healthcare supply chain management industry global market size, regional shares, competitors with a healthcare supply chain management market share, detailed healthcare supply chain management market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare supply chain management industry. This healthcare supply chain management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The healthcare supply chain management market includes revenues earned by entities by providing supplu chain quality management, planning, supply chain automation and optimization, and supplier relationship and risk management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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