Supply Chain Management market in Healthcare is expected to grow at a CAGR of more than 10% by 2025, mainly driven by ever-increasing demand due to COVID-19 pandemic.
Healthcare supply chain is the most complex and fragmented among all industry sectors because healthcare is the only industry that is not dependent on demand and supply. It is not only dealing with the collection of essential goods but also with some of the life-saving products, including vaccines, medicines, surgical items, and medical equipment.
Supply chain management is one of the largest expensive business functions for healthcare service providers. As predicted by The Association for Healthcare Resource & Materials Management, the supply chain costs will surpass labour costs for the number one position by the end of 2020. Also, in the times of recent pandemic, healthcare service providers are facing an exponentially increasing number of cases and shortage of medical