Global Medical Supplies/ Healthcare Inventory Software Market

Global Medical Supplies/ Healthcare Inventory Software Market Size, Trends & Analysis - Forecasts to 2026 By Component (Software [Web Based & Mobile Based], and Service [Post Sale Service & Training & Education]), By Delivery Mode (On Premise and Cloud Based), By End User (Hospitals & Clinics, Surgical Centres, Pharmacy, and Other End Users) By Region (North America, Europe, Asia Pacific, MEA, and CSA); End User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis

Category Healthcare

Format

This report was recently updated on July 20 2024 with the latest and most recent market numbers

Medical Supplies/ Healthcare Inventory Software Market Insights

The global medical supplies/ healthcare inventory software market is estimated to witness a significant growth during the forecast period (2020-2026). This market is expected to grow at a CAGR of 8.5% during the forecast period due to the increasing trend of using cloud-based solutions for healthcare inventory management, rising adoption of GS1 system in tracking medical supplies for efficient management, significant benefits of automated stock tracking over manual tracking such as time saving, labour reduction, cost effective, and data management. Moreover, due to the rising cases of COVID-19, hospitals and other healthcare centres are in constant need of surgical kits, medicines, medical supplies, drugs, protection kits. Medical supplies software market would grow exponentially during the forecast period in order to suffice the rising demand of these hospitals and healthcare centres. Ultimately a reduction in operational costs by improved efficacy and profitability will help the market constantly grow.

Medical Supplies/ Healthcare Inventory Software Market: By Component

On the basis of component, the market is segmented into Software and Service. The software segment is further sub divided into web based and mobile based software. On the other hand, the service market is sub segmented into post sale service and training & education. The scope of medical inventory software segment will be supplier, shipment, procurement, warehouse, implant and tissue management software which support the entire eco system of purchase and use of medical supplies. The software segment is expected to dominate the market during the forecast period. Rising preference for AI based management for inventory tracking, automatic scheduling maintenance, rising purchasing power of large and mid-sized healthcare facilities for hospital inventory management software, and growing preference for eco-friendly and hassle free workflow for maintenance, will propel the software market.

Medical Supplies/ Healthcare Inventory Software Market: By Delivery Mode

On the basis of delivery mode, the market is segmented into on premise and cloud based segment. The cloud based segment will witness a faster growth than on premise during the forecast period. This type of delivery mode helps hospitals share and integrate information from various locations and offer minimum costs of installation and maintenance. The access to the inventory information via cloud based won’t be restricted to a single user, or single desktop and hence will offer seamless coordination amongst professionals to track medical supplies.

Medical Supplies/ Healthcare Inventory Software Market: By End User

On the basis of end user, the market is segmented hospitals & clinics, surgical centres, pharmacy stores, and other end users which include medical suppliers, pathology and radiology laboratories, research and academic institutes, and ACCs. The hospitals and clinics segment will hold the largest share in the market majorly due to increasing number of hospitals and independent clinics in emerging countries. The increase can also be attributed to the impact of COVID-19 as the demand for number of hospital beds is rising. To efficiently manage heavy stock of medicines and supplies hospitals are increasingly adopting AI based healthcare inventory management software. Moreover, as compared to other end users, hospitals and clinics use hospitals, use a vast amount of specialized equipment, materials, and medications to serve patients which must be managed to avoid errors in rendering services.

Medical Supplies/ Healthcare Inventory Software Market: By Region

Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa and Central & South America. North America is expected to dominate the market during the forecast period. This is due to increasing awareness regarding adoption of automation tools for better management, growth in the number of installations of these systems in various clinics and hospitals, and presence of a large number of suppliers and service providers in the region.

Furthermore, Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Factors such as COVID-19, medical tourism, and increasing trend of launching new hospitals and healthcare facilities to cater the growing population of APAC region will majorly contribute to the growth of the market. Because of these factors, the end user base for buying medical inventory software will rise exponentially and call for bigger opportunities during the forecast period.

Medical Supplies/ Healthcare Inventory Software Market Share and Competitor Analysis

The key players operating in the market include: LogiTag Systems, Mobile Aspects, TAGSYS RFID, Terson Solutions, WaveMark, Sato Vicinity, Grifols, Skytron, Palex Medical, Nexess, Abbott, Stark RIFD and others. (Other companies include Arbimed, Bellwether Purchasing and Inventory, ENVI, Medsupply Software, eTurns, TrackStore, Acctivate, Surgicare, Surgi-Sys, WebOps Logic, AdminiCare, Hybrent, HealthLine, Supplylogix, Liberty Software, and Sowingo)

Please note: This is not an exhaustive list of companies profiled in the report.

In August 2020, Supplylogix (US) launched the enhanced/upgraded version of their product Pinpoint Order software. The upgraded version offers users a dashboard to view their medication categories, in groups of 10, along with the cost feature of each medicine.

In March 2016, LogiTag (Israel) expanded its footprint in the US healthcare market by entering into a partnership with a large US supplier of medical supply management system which has more than 2000 hospitals tied up.

Check the Press Release on Global Medical Supplies/ Healthcare Inventory Software Market Report

Medical Supplies / Healthcare Inventory Software Market: By Component

Introduction
1. Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
Software
1. Software: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
  1. Web-Based: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
  2. Mobile-Based: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
Service
1. Service: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
  1. Post Sale Service: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
  2. Training & Education: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)

Medical Supplies / Healthcare Inventory Software Market: By Delivery Mode

Introduction
1. Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
On-Premise
1. On-Premise: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
Cloud
1. Cloud: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)

Medical Supplies / Healthcare Inventory Software Market: By End-User

Introduction
1. Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
Hospitals & Clinics
1. Hospitals & Clinics: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
Surgical Centres
1. Surgical Centres: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
Pharmacy
1. Pharmacy: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)
Others
1. Others: Medical Supplies / Healthcare Inventory Software Market, 2020-2026 (USD Million)

Medical Supplies / Healthcare Inventory Software Market: By Region

Introduction
1. Global Medical Supplies / Healthcare Inventory Software Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. North America Medical Supplies / Healthcare Inventory Software Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. North America Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
  2. By Delivery Mode
    1. North America Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
  3. By End-User
    1. North America Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
  4. By Country
    1. U.S
      1. By Component
        
        U.S. Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        U.S. Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        U.S. Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    2. Canada.
      1. By Component
        
        Canada Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Canada Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Canada Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    3. Mexico
      1. By Component
        
        Mexico Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Mexico Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Mexico Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
Europe
1. Europe Medical Supplies / Healthcare Inventory Software Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Europe Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
  2. By Delivery Mode
    1. Europe Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
  3. By End-User
    1. Europe Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
  4. By Country
    1. Germany
      1. By Component
        
        Germany Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Germany Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Germany Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    2. UK
      1. By Component
        
        UK Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        UK Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        UK Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    3. France
      1. By Component
        
        France Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        France Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        France Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    4. Italy
      1. By Component
        
        Italy Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Italy Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Italy Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Medical Supplies / Healthcare Inventory Software Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Asia Pacific Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
  2. By Delivery Mode
    1. Asia Pacific Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
  3. By End-User
    1. Asia Pacific Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
  4. By Country
    1. China
      1. By Component
        
        China Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        China Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        China Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    2. Japan
      1. By Component
        
        Japan Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Japan Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Japan Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    3. India
      1. By Component
        
        India Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        India Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        India Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    4. South Korea
      1. By Component
        
        South Korea Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        South Korea Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        South Korea Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    5. Rest Of Apac
      1. By Component
        
        Rest Of Apac, Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Rest Of Apac Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Rest Of Apac Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
Central & South America
1. Central & South America Medical Supplies / Healthcare Inventory Software Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Central & South America Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
  2. By Delivery Mode
    1. Central & South America Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
  3. By End-User
    1. Central & South America Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
  4. By Country
    1. Brazil
      1. By Component
        
        Brazil Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
      2. By Delivery Mode
        
        Brazil Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
      3. By End-User
        
        Brazil Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
2. Middle East & Africa
  1. Middle East & Africa Medical Supplies / Healthcare Inventory Software Market, Regional Analysis, 2020-2026 (USD Million)
    1. By Component
      1. Middle East & Africa Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
    2. By Delivery Mode
      1. Middle East & Africa Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
    3. By End-User
      1. Middle East & Africa Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
    4. By Country
      1. Saudi Arabia
        
        By Component
        
        Saudi Arabia Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
        
        By Delivery Mode
        
        Saudi Arabia Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
        
        By End-User
        
        Saudi Arabia Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)
      2. UAE
        
        By Component
        
        UAE Medical Supplies / Healthcare Inventory Software Market, By Component, 2020-2026 (USD Million)
        
        By Delivery Mode
        
        UAE Medical Supplies / Healthcare Inventory Software Market, By Delivery Mode, 2020-2026 (USD Million)
        
        By End-User
        
        UAE Medical Supplies / Healthcare Inventory Software Market, By End-User, 2020-2026 (USD Million)

The global Medical Supplies/ Healthcare Inventory Software Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Medical Supplies/ Healthcare Inventory Software Market.

Medical Supplies/ Healthcare Inventory Software Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Medical Supplies/ Healthcare Inventory Software Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Medical Supplies/ Healthcare Inventory Software Market