North America Pharmaceutical Supply Chain Management Market Forecast 2023-2032

North America Pharmaceutical Supply Chain Management Market Forecast 2023-2032

KEY FINDINGS

The North America pharmaceutical supply chain management market is estimated to register a CAGR of 8.93% during the forecasting years of 2023-2032. Some of the leading factors augmenting the region’s market growth include the continuous innovation in vaccination as well as drug development, the high adoption rate of modern, cutting-edge technologies, and the presence of leading pharmaceutical companies.

MARKET INSIGHTS

Canada and the United States are evaluated for the North America pharmaceutical supply chain management market growth analysis. According to industry sources, hospitals in Canada purchase around $4 billion per annum of medical products, including diagnostics, drugs, and devices. However, aspects such as the growing use of modern technology, the customization of healthcare, the demographics of an aging population, and the country’s spread-out population place the Canadian healthcare supply chain under tremendous pressure. These factors, in turn, play a vital role in increasing the demand for pharmaceutical supply chain management in the country.

On the other hand, the healthcare business in Canada is rapidly expanding, primarily on account of the increased investment from both the public as well as private sectors. Furthermore, the COVID-19 pandemic revealed massive vulnerabilities, especially demonstrated by the shortage in Canada’s PPE supply, which presented a major challenge during the initial months of the outbreak. In this regard, the implementation of GS1 in the country can enable Canadian healthcare providers to streamline their supply chain processes. As a result, these factors are set to propel the North America pharmaceutical supply chain management market growth during the forecast period.

COMPETITIVE INSIGHTS

Key players operating in the market are Infor, McKesson Corporation, Oracle Corporation, etc.

Our report offerings include:

• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments