Market Overview:
The global healthcare inventory management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for healthcare inventory management software due to the growing number of hospitals and clinics, rising need for efficient tracking and managing of medical supplies and implants, and increasing focus on patient safety. The global healthcare inventory management software market can be segmented on the basis of type into order management software, warehouse management software, consignment management software, implant management software, tissue managementsoftware.
Product Definition:
Healthcare Inventory Management Software is used to manage and track inventory of medical supplies, drugs, and other healthcare items. The software helps ensure that hospitals have the necessary supplies on hand to meet patient needs and avoid stockouts. It can also help identify areas where cost savings could be achieved by reducing excess stock or ordering items in bulk.
Order Management Software:
An order management system is a software application that helps healthcare providers to manage orders for various services or products. It also helps in recording the details of each order such as patient name, service performed, date and time. The software can be used by any healthcare provider such as physicians, nurses or technicians to maintain their work records and help them track all the orders placed for a particular service on a daily basis.
Warehouse Management Software:
Warehouse management software is a tool that helps in monitoring and controlling the activities related to receiving, storing, picking, shipping and quality check of inventory. It also provides information about the location of each unit with its status for easy access. The software can be used by any business that has an inventory such as retail stores or e-commerce vendors among others.
The healthcare industry is one of the fastest growing industries globally which creates demand for new tools.
Application Insights:
The manufacturers segment dominated the global healthcare inventory management software market in 2017. This can be attributed to the growing need for managing inventory across different channels and stores. The manufacturers use these applications to manage their supply chain activities, which includes order processing, order tracking, payment processing as well as reporting. These solutions help reduce excess stock by providing real-time visibility of product availability at each store level and enable optimal planning of production & distribution through effective collaboration with sales & marketing teams.
The distributor/reseller application is expected to grow at a significant rate over the forecast period owing to increasing demand from customers who are looking for cost-effective alternatives while purchasing medical devices and equipment. These applications provide tools that enable efficient distribution channel management by enabling real-time visibility into sales transactions made at each retail location or kiosk across multiple countries or regions worldwide.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to factors such as increasing government initiatives and regulatory changes, which are driving adoption of healthcare inventory management software solutions. For instance, in May 2018, Cerasis launched a new version of Cerasis EHR that integrated with eClinicalWorks LLC’s WMS platform. This integration enabled users to manage their electronic medical records (EMR) and generate reports using one system.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due rising awareness about advanced healthcare technologies among consumers.
Growth Factors:
- Increasing demand for healthcare services and the consequent increase in inventory requirements
- Rising number of hospitals and other healthcare facilities
- Rapid growth in the number of medical devices and pharmaceuticals being used in treatment procedures
- Growing focus on cost-effective inventory management practices by hospitals and other healthcare providers
- Proliferation of health information technology (HIT) solutions, which can help improve efficiency and accuracy of inventory management processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Inventory Management Software Market Research Report
By Type
Order Management Software, Warehouse Management Software, Consignment Management Software, Implant Management Software, Tissue Management Software
By Application
Manufacturers, Distributors, Healthcare Providers
By Companies
SAP (Germany), Oracle (US), Infor (US), GHX (US), McKesson (US), TECSYS (Canada), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), LogiTag Systems (Israel)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Inventory Management Software Market Report Segments:
The global Healthcare Inventory Management Software market is segmented on the basis of:
Types
Order Management Software, Warehouse Management Software, Consignment Management Software, Implant Management Software, Tissue Management Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturers, Distributors, Healthcare Providers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SAP (Germany)
- Oracle (US)
- Infor (US)
- GHX (US)
- McKesson (US)
- TECSYS (Canada)
- Manhattan Associates (US)
- JDA Software (US)
- Jump Technologies (US)
- LogiTag Systems (Israel)
Highlights of The Healthcare Inventory Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Order Management Software
- Warehouse Management Software
- Consignment Management Software
- Implant Management Software
- Tissue Management Software
- By Application:
- Manufacturers
- Distributors
- Healthcare Providers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Inventory Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare inventory management software is a computer program that helps healthcare providers manage their inventory of medical supplies, equipment, and other medical products. The software can help hospitals track the location and status of items in their supply chain, identify potential shortages or stockouts, and make informed decisions about which supplies to order. Healthcare inventory management software can also help clinics monitor the use of medical equipment and diagnose problems early.
Some of the major companies in the healthcare inventory management software market are SAP (Germany), Oracle (US), Infor (US), GHX (US), McKesson (US), TECSYS (Canada), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), LogiTag Systems (Israel).
The healthcare inventory management software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Inventory Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Inventory Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Inventory Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Inventory Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Inventory Management Software Market Size & Forecast, 2020-2028
4.5.1 Healthcare Inventory Management Software Market Size and Y-o-Y Growth
4.5.2 Healthcare Inventory Management Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Order Management Software
5.2.2 Warehouse Management Software
5.2.3 Consignment Management Software
5.2.4 Implant Management Software
5.2.5 Tissue Management Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturers
6.2.2 Distributors
6.2.3 Healthcare Providers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Inventory Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Inventory Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Order Management Software
9.6.2 Warehouse Management Software
9.6.3 Consignment Management Software
9.6.4 Implant Management Software
9.6.5 Tissue Management Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturers
9.10.2 Distributors
9.10.3 Healthcare Providers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Order Management Software
10.6.2 Warehouse Management Software
10.6.3 Consignment Management Software
10.6.4 Implant Management Software
10.6.5 Tissue Management Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturers
10.10.2 Distributors
10.10.3 Healthcare Providers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Order Management Software
11.6.2 Warehouse Management Software
11.6.3 Consignment Management Software
11.6.4 Implant Management Software
11.6.5 Tissue Management Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturers
11.10.2 Distributors
11.10.3 Healthcare Providers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Order Management Software
12.6.2 Warehouse Management Software
12.6.3 Consignment Management Software
12.6.4 Implant Management Software
12.6.5 Tissue Management Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturers
12.10.2 Distributors
12.10.3 Healthcare Providers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Order Management Software
13.6.2 Warehouse Management Software
13.6.3 Consignment Management Software
13.6.4 Implant Management Software
13.6.5 Tissue Management Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturers
13.10.2 Distributors
13.10.3 Healthcare Providers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Inventory Management Software Market: Competitive Dashboard
14.2 Global Healthcare Inventory Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAP (Germany)
14.3.2 Oracle (US)
14.3.3 Infor (US)
14.3.4 GHX (US)
14.3.5 McKesson (US)
14.3.6 TECSYS (Canada)
14.3.7 Manhattan Associates (US)
14.3.8 JDA Software (US)
14.3.9 Jump Technologies (US)
14.3.10 LogiTag Systems (Israel)
