The global healthcare supply chain management market is estimated to be US$ 2,080.6 Million in 2021 and is expected to reach US$ 3,883.4 million by 2028, at a CAGR of 9.3% during the forecast period (2021 –2028).
Figure 1. Global Healthcare Supply Chain Management Market Value (US$ Mn) & Y-o-Y Growth (%)
The rising prevalence of chronic diseases is expected to drive the market growth over the forecast period.
The rising prevalence of chronic diseases is expected to drive the growth of healthcare supply chain management market during the forecast period. For instance, according to the World Health Organization (WHO), by 2020, almost 75% of deaths around the world were caused by chronic diseases. Diabetes, a major chronic disease, will affect close to 228 million people by 2025, as per the WHO. This signals good news for the global healthcare supply chain management market as a rapidly expanding patient pool will broaden the market base.
Figure 2. Global Healthcare Supply Chain Management Market Share, By Component, 2020
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