Emphasis on Technology (Software, Services, and Hardware); Mode of Delivery (On-Premise, Cloud-Based, and Web Based); End-Use (Healthcare Manufacturers, Healthcare Providers, Distributors, And Logistics); Country
The MENA Healthcare Supply Chain Management Market was valued at USD 163.83 million in the year 2022 and is expected to grow at a strong CAGR of around 10.6% during the forecast period.
The aging population is increasing the demand for healthcare services which necessitates efficient management of medical supplies. Moreover, government initiatives focused on improving healthcare infrastructure and accessibility are fueling the market growth. Additionally, rising investments in digitalization and adoption of advanced technologies like blockchain and artificial intelligence (AI) are streamlining logistics and optimizing inventory management leading to cost reduction and improved efficiency. As per the Alpen capital report, in 2023, In the UAE, more than 50% of hospitals use IoT-based solutions and 90% of doctors use smartphones and medical apps to provide services to their patients. As the region continues to prioritize healthcare modernization, the MENA healthcare supply chain managements market stands at the forefront of transformative innovations, poised for sustained growth in the coming years.
Some of the major players operate in SAP, Salehiya, IQVIA Inc, NUPCO, Purehealth, Global Medical Supply Chain, AcedrA Pharmaceutical Company LLC, Cardinal Health, Oracle, Tecsys Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative sectors/technologies.
MENA Healthcare Supply Chain Management Market Trends“Amongst technology, Software is held a dominant share of the market in 2022.”
Based on technology, the market is segmented into software, services, and hardware. Among them, the software category held the largest share of the market in 2022. Advanced inventory management systems track stock levels in real time, preventing stockouts and overstocking, thereby minimizing waste and ensuring cost-effectiveness. Moreover, demand forecasting software analyzes historical data and trends to predict future needs for medical supplies, enabling healthcare providers to place informed orders and prevent disruptions. For instance, on October 23, 2023, UAE Ministry of Finance launched digital transformation initiatives using metaverse and AI solutions.
“Amongst end-use, Healthcare provider is expected to grow with a significant CAGR during the forecast period (2023-2030).”
Based on the end user, the market is categorized into healthcare manufacturers, healthcare providers, distributors, and logistics. Healthcare provider is expected to grow with a significant CAGR during the forecast period due to the actively adopting advanced software solutions for inventory management, demand forecasting, and warehouse optimization to streamline operations and reduce costs. These providers, including hospitals, clinics, and other healthcare facilities, rely heavily on a well-organized and responsive supply chain to maintain seamless operations.
“Saudi Arabia leads the market.”
The healthcare supply chain management market in Saudi Arabia held a largest share of the market in 2022. The Vision 2030 program prioritizes healthcare development, leading to massive investments in hospital infrastructure, medical equipment, and pharmaceutical manufacturing. For Instance, In December 2022, Kuwait-Saudi Pharmaceutical Industries Company (KSPICO) entered a collaboration with UK-based Rosemont Pharmaceuticals. Through this partnership, KSPICO will license and distribute a range of Rosemont products in the GCC and MENA regions. This surge in demand necessitates efficient supply chain management solutions. Additionally, the government’s focus on localizing pharmaceutical production and promoting self-sufficiency creates opportunities for domestic players in the supply chain management sector. Furthermore, the Saudi Arabian healthcare system’s growing adoption of telehealth services necessitates efficient logistics for delivering medication and medical equipment to patients’ homes.
Reasons to buy this report:
Customization Options:
The MENA Healthcare Supply Chain Management market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Mena Healthcare Supply Chain Management Market Revenue, 2020-2030f
6. Market Insights By Technology
7. Market Insights By Mode Of Delivery
8. Market Insights By End-use
9. Market Insights By Country
10. Mena Healthcare Supply Chain Management Market Dynamics
11. Mena Healthcare Supply Chain Management Market Opportunities
12. Mena Healthcare Supply Chain Management Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Analyzing the historical market, estimating the current market, and forecasting the future market of the MENA healthcare supply chain management market were the three major steps undertaken to create and analyze the adoption of the MENA healthcare supply chain management in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the MENA healthcare supply chain management market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the MENA healthcare supply chain management market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the MENA healthcare supply chain management market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as technology, mode of delivery, and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the MENA healthcare supply chain management market. Further, we conducted factor analysis using dependent and independent variables such as sector, application, and material of the MENA healthcare supply chain management market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and sector launches in the MENA healthcare supply chain management market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the MENA healthcare supply chain management market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the MENA Healthcare Supply Chain Management market. The data was split into several segments & and sub-segments post studying various parameters and trends in the areas of the technology, mode of delivery, and end-use of the MENA Healthcare Supply Chain Management market.
The current & future market trends of the MENA healthcare supply chain management market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the MENA Healthcare Supply Chain Management market?
Q2: What are the driving factors for the growth of the MENA Healthcare Supply Chain Management Market?
Q3: Which segment has the largest share of the MENA Healthcare Supply Chain Management market by technology?
Q5: Which country will dominate the MENA Healthcare Supply Chain Management market?
Q6: Who are the key players operating in the MENA Healthcare Supply Chain Management market?
Customers who bought this item also bought
Antibiotic Resistance Market: Current Analysis and Forecast (2024-2032)
Emphasis on Disease Type (Urinary Tract Infections, Intra-Abdominal Infections, Blood Stream Infections, Clostridium Difficile Infections, And Others); Pathogen Type (Acinetobacter baumannii, Pseudomonas aeruginosa, Staphylococcus aureus, Streptococcus pneumoniae, and Others); Drug Class (Oxazolidinones, Lipoglycopeptides, Tetracyclines, and Others); and Region/Country
October 8, 2024
