Global Digital Pharmaceutical Supply Chain Management Market Size study & Forecast, by Product (Software, Hardware, Service), by Mode of Delivery (On-premise, Cloud-based, Web-based), by Software Modules (Planning & Analytics, Procurement, Manufacturing,

Global Digital Pharmaceutical Supply Chain Management Market Size study & Forecast, by Product (Software, Hardware, Service), by Mode of Delivery (On-premise, Cloud-based, Web-based), by Software Modules (Planning & Analytics, Procurement, Manufacturing, Logistics, Inventory Management), and Regional Analysis, 2023-2030

Global Digital Pharmaceutical Supply Chain Management Market is valued at approximately USD 968.3 million in 2022 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2023-2030. The digital pharmaceutical supply chain management market refers to the utilization of digital technologies and solutions to optimize and streamline the processes involved in the procurement, distribution, and inventory management of pharmaceutical products, aiming to enhance efficiency, traceability, and visibility throughout the supply chain. The Digital Pharmaceutical Supply Chain Management Market is being driven by factors such as the increasing adoption of mobile-based healthcare services and the emergence of cloud-based solutions.

The pharmaceutical supply chain has been transformed by AI-based solutions because they offer actionable insights that enhance visibility, service quality, and the customer experience. Pharmaceutical enterprises are assisted by logistics management platforms in smoothly facilitating immediate delivery, which leads to increased logistics efficiency through automation and digitization. According to our world in data Annual global corporate investment in artificial Intelligence in 2020 was 125.15 billion and in 2021 was 176.47 billion. Thus, increasing investment in AI and increasing smartphone users fuel the growth of the market. In addition to immediate access to medical supplies and investment in technologies of digital pharmaceutical supply chain create lucrative opportunities for the market. However, the high cost associated with the implementation and maintenance of digital healthcare supply chain management solutions hinders the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Digital Pharmaceutical Supply Chain Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the adoption of technical innovations that lower supply chain management costs and the use of machine learning and artificial intelligence (AI) to more accurately analyse and forecast supply chain management results. Asia Pacific is considered the fastest growing region during the forecasted period due to the increasing use of mobile base healthcare solutions and increased implementation of technologically advanced solutions of supply chain management.

Major market player included in this report are:
McKesson Corporation
Mediceo Corporation
Palantir Technologies, Inc.
Jump Technologies, Inc.
InterSystems Corporation
Tecsys Inc.
Oracle Corporation
Systems, Applications & Products in Data Processing (SAP)
Infor Inc.
Terso Solutions Inc

Recent Developments in the Market:
 In October 2022, Oracle, revealed Oracle Cloud SCM, a fresh, sector-specific solution that can support the particular demands of healthcare organisations. By automating procedures, streamlining planning, and enhancing supply chain visibility, the Oracle Cloud SCM system improves patient care.

Global Digital Pharmaceutical Supply Chain Management Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product, Mode Of Delivery , Software Modules, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Software
Hardware
Services

By Mode of Delivery:
On-premise
Cloud-based
Web-based

By Software Modules:
Planning & Analytics
Procurement
Manufacturing
Logistics
Inventory Management

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
McKesson Corporation
Mediceo Corporation
Palantir Technologies, Inc.
Jump Technologies, Inc.
InterSystems Corporation
Tecsys Inc.
Oracle Corporation
Systems, Applications & Products in Data Processing (SAP)
Infor Inc.
Terso Solutions Inc

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