EUROPE PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET FORECAST 2023-2032

The Europe pharmaceutical supply chain management market evaluation covers the assessment of the United Kingdom, Germany, France, Italy, Spain, Nordic Countries, and Rest of Europe. As per the estimations issued by the Association of the British Pharmaceutical Sector (ABPI), the United Kingdom’s pharmaceutical industry employed around 66,000 people in 2020. Besides, in the same year, the nation initiated nearly 70 COVID-19 trials. With an annual turnover of about $50.21 billion, the United Kingdom pharmaceutical sector accounted for 2.6% of the global pharmaceutical market in 2020, with approximately 7,000 manufacturers and developers. In addition, software, as well as pharma companies in the United Kingdom, are also focusing on collaboration in order to effectively streamline the healthcare supply chain. For example, Leeds Teaching Hospitals NHS Trust made notable improvements to patient safety and supply chain efficiency through the assistance of Cardinal Health’s Inventory Management Solutions.

In addition to being regarded as the largest pharma market in Europe, Germany is also the biggest exporter of medicinal products, ranked among the top pharmaceutical producers globally. Moreover, in terms of the need for personalized medicine worldwide, the nation has emerged as one of the top suppliers of novel biopharmaceuticals. Germany is a leading clinical trial location and a major destination for pharmaceutical innovation in Europe, as well, predominantly on the basis of patent application levels and R&D investments. Therefore, these factors are projected to contribute to the pharmaceutical supply chain management market growth in Europe during the estimated period. 

The Europe pharmaceutical supply chain management market is segmented into component and deployment mode. The component segment includes solution and service. Supply chain services constitute planning & forecasting, logistics management, inventory management, demand management, replenishment services, supply chain data management, and supply planning. 

Moreover, these service providers offer real-time intelligence as well as actionable recommendations in order to decrease disruption mitigation time, from days to hours, while minimizing the cost, time, and risk associated with validating, qualifying, and managing new suppliers. Besides, they also help respond to supplier issues promptly. 

Leading players operating in the Europe pharmaceutical supply chain management market include SAP SE, Arvato Supply Chain Solutions, etc.

SAP SE, headquartered in Germany, primarily provides enterprise application software in addition to software-related services. The company also offers a diverse range of solutions, such as intelligent technologies, analytics, enterprise resource planning and financial management, network, speed management, human resource, people engagement, customer experience, customer resource management, digital platform, and digital supply chain.

The SAP Advanced Track and Trace for Pharmaceuticals Application enables shipments to meet regional as well as international directives for drug serialization. The application also facilitates the reduction of compliance expenses for upcoming and existing serialization mandates.