NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET FORECAST 2023-2032
The North America pharmaceutical supply chain management market is projected to record a CAGR of 8.93% during the forecasting period of 2023-2032, acquiring a revenue share of $1665.14 million by 2032.
NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET FORECAST 2023-2032
North America Pharmaceutical Supply Chain Management Market by Component (Solution (Transportation Management System, Planning & Analytics, Warehouse & Inventory Management System, Procurement & Sourcing, Manufacturing Execution System), Service (Professional Services, Managed Services)) Market by Deployment Mode (on-premise, Cloud-based) by Geography
The North America pharmaceutical supply chain management market is projected to record a CAGR of 8.93% during the forecasting period of 2023-2032, acquiring a revenue share of $1665.14 million by 2032.
Some of the top drivers facilitating the market growth of the region include the high adoption rate of modern technologies, continuous innovation in vaccination and drug development, as well as the presence of leading pharmaceutical companies. However, the North America pharmaceutical supply chain management market growth will likely be restrained due to cost pressures among manufacturers.
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The North America pharmaceutical supply chain management market growth analysis comprises a detailed study of the United States and Canada. The United States is the world’s prominent hub for healthcare, with nearly 784,626 companies offering healthcare services and products. The country also spends the most on health per capita, followed by Germany, Switzerland and the Netherlands. This factor, in turn, enables manufacturing companies to produce more medicines as well as medical devices for the treatment of patients. Subsequently, it results in a higher number of healthcare logistics providers for transporting medical devices and pharmaceuticals from healthcare manufacturers to the point of use.
The United States dominates the global pharmaceutical market, as well, accounting for about half of the total pharmaceutical sales income worldwide. Accordingly, as per industry sources, the country’s pharmaceutical business generated an estimated $550 billion in 2021, equating to 48% of the global pharmaceutical market in 2020. However, more than 70% of Active Pharmaceutical Ingredients (APIs) utilized in critical therapeutic areas, coupled with vital medications, are imported from China and India, demonstrating a key risk factor for the United States pharma supply chain. As a result, these factors are set to influence the growth of the pharmaceutical supply chain management market in North America over the forecast period.
The North America pharmaceutical supply chain management market is segmented into component and deployment mode. The component segment includes solution and service. Supply chain management solutions entail the software tool or module used in executing supply chain transactions, regulating the related business processes, and managing supplier & vendor relationships. Moreover, effective supply chain management software integrate the company and all supply chain components into a single, functional system, thus helping industry verticals control management, transactions, purchasing, shipping, sales, and service.
Furthermore, the segmentation analysis of the pharmaceutical supply chain management market by solution covers planning & analytics, warehouse & inventory management system, procurement & sourcing, transportation management system, and manufacturing execution system.
Some of the top companies operating in the North America pharmaceutical supply chain management market are Oracle Corporation, Infor, McKesson Corporation, etc.
Oracle Corporation, headquartered in the United States, is a computer technology company best known for its software as well as services, including Java. The company markets cloud-engineering services and systems, in addition to database management systems, through its main business segments, namely license, hardware, cloud, and services. It also offers comprehensive cloud solutions, like Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS).
Oracle Intelligent Track and Trace is a prebuilt SaaS application that links with third party applications and Oracle SCM in order to monitor transactions and the movement of goods or assets across trading partners and systems.
Report Synopsis
|
Report Scope |
Details |
| Market Forecast Years | 2023-2032 |
| Base Year | 2022 |
| Market Historical Years | 2018-2022 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Component and Deployment Mode |
| Countries Analyzed | The United States and Canada |
| Companies Analyzed |
McKesson Corporation, Tecsys Inc, Infor, Oracle Corporation, Cardinal Health, SAP SE, Arvato Supply Chain Solutions, Terso Solution, Logitag Systems, Vizient Inc, Manhattan Associates, Spectrum Health, Epicor Software Corporation, Global Healthcare Exchange LLC, Jump Technologies |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- MARKET DYNAMICS
- KEY DRIVERS
- INCREASING APPLICATION OF CLOUD COMPUTING SYSTEMS IN HEALTHCARE
- ADOPTION OF GS1 STANDARD SYSTEM
- GROWING PRESSURE TO REDUCE HEALTHCARE COSTS
- SURGING DEMAND FOR PHARMACEUTICALS PRODUCTS
- HIGH PREVALENCE OF DRUG COUNTERFEITING IN THE PHARMA INDUSTRY
- KEY RESTRAINTS
- STRINGENT REGULATIONS IN HEALTHCARE DATA EXCHANGE
- HIGH OPERATIONAL COSTS OF HEALTHCARE SCM SOFTWARE
- TECHNICAL PROBLEMS ASSOCIATED WITH SCM SOFTWARE
- SECURITY ISSUES IN WEAK SCM LINKS
- KEY DRIVERS
- KEY ANALYTICS
- KEY TECHNOLOGY TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET CONCENTRATION ANALYSIS
- MARKET MATURITY ANALYSIS
- MARKET BY COMPONENT
- SOLUTION
- TRANSPORTATION MANAGEMENT SYSTEM
- PLANNING & ANALYTICS
- WAREHOUSE & INVENTORY MANAGEMENT SYSTEM
- PROCUREMENT & SOURCING
- MANUFACTURING EXECUTION SYSTEM
- SERVICE
- PROFESSIONAL SERVICES
- MANAGED SERVICES
- SOLUTION
- MARKET BY DEPLOYMENT MODE
- ON-PREMISE
- CLOUD-BASED
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET DRIVERS
- NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET CHALLENGES
- NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET REGULATORY FRAMEWORK
- KEY PLAYERS IN NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET
- COUNTRY ANALYSIS
- UNITED STATES
- UNITED STATES PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SIZE & OPPORTUNITIES
- CANADA
- CANADA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SIZE & OPPORTUNITIES
- UNITED STATES
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES
- PARTNERSHIPS
- COMPANY PROFILES
- ARVATO SUPPLY CHAIN SOLUTIONS
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- CARDINAL HEALTH
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- EPICOR SOFTWARE CORPORATION
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- GLOBAL HEALTHCARE EXCHANGE LLC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- INFOR
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- JUMP TECHNOLOGIES
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- LOGITAG SYSTEMS
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- MANHATTAN ASSOCIATES
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- MCKESSON CORPORATION
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- ORACLE CORPORATION
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- SAP SE
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- SPECTRUM HEALTH
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- TECSYS INC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- TERSO SOLUTION
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- VIZIENT INC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- ARVATO SUPPLY CHAIN SOLUTIONS
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT
TABLE 2: PRIMARY FACTORS CONTRIBUTING TO THE WIDESPREAD PRESENCE OF COUNTERFEIT GOODS
TABLE 3: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 5: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY SOLUTION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY SOLUTION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY SERVICE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY DEPLOYMENT MODE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY DEPLOYMENT MODE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 13: KEY PLAYERS OPERATING IN THE NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET
TABLE 14: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET REGULATORY FRAMEWORK
TABLE 15: LIST OF PRODUCT LAUNCHES
TABLE 16: LIST OF PARTNERSHIPS
LIST OF FIGURES
FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022
FIGURE 7: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY SOLUTION, 2023-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, GROWTH POTENTIAL, BY SOLUTION, IN 2022
FIGURE 9: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY TRANSPORTATION MANAGEMENT SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY PLANNING & ANALYTICS, 2023-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY WAREHOUSE & INVENTORY MANAGEMENT SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY PROCUREMENT & SOURCING, 2023-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY MANUFACTURING EXECUTION SYSTEM, 2023-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY SERVICE, 2023-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2022
FIGURE 16: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY PROFESSIONAL SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY MANAGED SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODE, IN 2022
FIGURE 19: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY ON-PREMISE, 2023-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY CLOUD-BASED, 2023-2032 (IN $ MILLION)
FIGURE 21: NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 22: UNITED STATES PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: CANADA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, 2023-2032 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET DRIVERS
- NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET CHALLENGES
- NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET REGULATORY FRAMEWORK
- KEY PLAYERS IN NORTH AMERICA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET
- COUNTRY ANALYSIS
- UNITED STATES
- UNITED STATES PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SIZE & OPPORTUNITIES
- CANADA
- CANADA PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SIZE & OPPORTUNITIES
- UNITED STATES
- NORTH AMERICA
- MARKET BY COMPONENT
- SOLUTION
- TRANSPORTATION MANAGEMENT SYSTEM
- PLANNING & ANALYTICS
- WAREHOUSE & INVENTORY MANAGEMENT SYSTEM
- PROCUREMENT & SOURCING
- MANUFACTURING EXECUTION SYSTEM
- SERVICE
- PROFESSIONAL SERVICES
- MANAGED SERVICES
- SOLUTION
- MARKET BY DEPLOYMENT MODE
- ON-PREMISE
- CLOUD-BASED
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