India Healthcare Supply Chain Automation Market

India Healthcare Supply Chain Automation Market Size, Trends & Analysis - Forecasts to 2029 By Component (Software, Hardware, and Services) and By End User (Healthcare Providers, Healthcare Manufacturers, and Others), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on June 9 2024 with the latest and most recent market numbers

India Healthcare Supply Chain Automation Market Size

The India healthcare supply chain automation market is projected to grow at a CAGR of 5.6% from 2024 to 2029.

Automation emerges as an essential tool for improving international logistics and ensuring the smooth transfer of medical supplies. By automating processes, the healthcare business may enhance the efficiency and reliability of cross-border operations, reducing delays and ensuring timely delivery.

Automation in the healthcare supply chain increases productivity and lowers costs by streamlining procedures, reducing errors, and optimizing inventory management. Automated solutions improve operational effectiveness by ensuring faster processes, more accurate data management, and better resource allocation, resulting in significant cost savings for healthcare businesses.

Artificial intelligence (AI), the Internet of Things (IoT), and blockchain are technological breakthroughs that have improved healthcare supply chain automation. Real-time tracking, improved traceability, and more overall visibility are all obtained by combining these advancements. AI improves decision-making, IoT allows seamless connectivity, and blockchain provides secure and transparent transactions. These developments enable the healthcare sector to operate with greater efficiency, accuracy, and agility, resulting in a more advanced and integrated supply chain ecosystem.

The rise of e-commerce and online pharmacies has increased the complexity of healthcare supply chains. Automation tackles this issue by efficiently managing, increasing order volume, improving order fulfillment processes, and raising logistical efficiency. By automating essential supply chain functions such as order processing and inventory management, e-commerce and online pharmacies can fulfill the demands of a continuously changing market while ensuring the timely and correct delivery of healthcare supplies and prescriptions.

However, implementing healthcare supply chain automation systems necessitates a substantial initial investment in technology, equipment, and training. Smaller healthcare institutions may struggle to cover these initial expenditures, limiting the adoption rate.

india healthcare supply chain automation market

India Healthcare Supply Chain Automation Market: By Component  

The software segment is expected to hold the largest share of the market. This anticipated dominance is due to software's crucial role in coordinating and improving complex supply chain activities. Software solutions provide seamless integration, real-time data analysis, and efficient healthcare logistics management.

The hardware segment is expected to be the fastest-growing segment in the market from 2024 to 2029. The anticipated growth is due to increased investments in technological infrastructure. Rising awareness of the importance of hardware components, such as sensors, RFID technology, and automated storage systems, is driving adoption. The hardware's crucial role in improving real-time tracking, inventory management, and overall supply chain efficiency.

india healthcare supply chain automation market.

India Healthcare Supply Chain Automation Market: By End User

The healthcare providers segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The segment's growth is due to an increased emphasis on improving patient care and operational efficiencies. Healthcare providers use automation technologies to optimize supply chain procedures and provide timely access to key medical resources. The increased demand for better healthcare services and a focus on cost-effective and efficient operations contribute to the anticipated market growth.

The healthcare manufacturers segment is expected to hold the largest share of the market. As a primary producer of medical supplies and medications, these companies are critical components of the healthcare supply chain. The growing emphasis on streamlining manufacturing processes, improving production, and assuring timely delivery helps healthcare firms gain significance.

India Healthcare Supply Chain Automation Market Share and Competitor Analysis

Medpick, Vedanectar Healing Pvt Ltd, ONS Logistics India Pvt Ltd, GEODIS India, FM Logistic, Inneate, Aknamed, AWL India, Locus, and Coldman, among others, are some of the key players operating in the India healthcare supply chain automation market.

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

India Healthcare Supply Chain Automation Market: Recent Developments

In January 2023, AWL India, a tech-based logistics and supply chain management company, unveiled a futuristic pharmaceutical supply chain in response to the industry's challenges. The initiative integrates advanced supply chain technologies, including predictive analytics and real-time data updates, aiming to overcome hurdles such as demand forecasting and digital transformation.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Technologys

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          INDIA MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          INDIA HEALTHCARE SUPPLY CHAIN AUTOMATION MARKET, BY COMPONENT

4.1   Introduction

4.2   Healthcare Supply Chain Automation Market: Component Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Software

4.4.1        Software Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Hardware

4.5.1        Hardware Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Services

4.6.1        Services Market Estimates and Forecast, 2021-2029 (USD Million)

5          INDIA HEALTHCARE SUPPLY CHAIN AUTOMATION MARKET, BY END USER

5.1   Introduction

5.2   Healthcare Supply Chain Automation Market: End User Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Healthcare Providers

5.4.1        Healthcare Providers Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Healthcare Manufacturers

5.5.1        Healthcare Manufacturers Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Others

5.6.1        Others Market Estimates and Forecast, 2021-2029 (USD Million)

6          COMPETITIVE LANDCAPE

6.1   Company Market Share Analysis

6.2   Four Quadrant Positioning Matrix

6.2.1        Market Leaders

6.2.2        Market Visionaries

6.2.3        Market Challengers

6.2.4        Niche Market Players

6.3   Vendor Landscape

6.3.1        India

6.4   Company Profiles  

6.4.1        Medpick 

6.4.1.1 Business Description & Financial Analysis

6.4.1.2 SWOT Analysis

6.4.1.3 Products & Services Offered

6.4.1.4 Strategic Alliances between Business Partners

6.4.2        Vedanectar Healing Pvt Ltd

6.4.2.1 Business Description & Financial Analysis

6.4.2.2 SWOT Analysis

6.4.2.3 Products & Services Offered

6.4.2.4 Strategic Alliances between Business Partners

6.4.3        ONS Logistics India Pvt Ltd

6.4.3.1 Business Description & Financial Analysis

6.4.3.2 SWOT Analysis

6.4.3.3 Products & Services Offered

6.4.3.4 Strategic Alliances between Business Partners

6.4.4        GEODIS India

6.4.4.1 Business Description & Financial Analysis

6.4.4.2 SWOT Analysis

6.4.4.3 Products & Services Offered

6.4.4.4 Strategic Alliances between Business Partners

6.4.5        FM Logistic

6.4.5.1 Business Description & Financial Analysis

6.4.5.2 SWOT Analysis

6.4.5.3 Products & Services Offered

6.4.5.4 Strategic Alliances between Business Partners

6.4.6        Inneate

6.4.6.1 Business Description & Financial Analysis

6.4.6.2 SWOT Analysis

6.4.6.3 Products & Services Offered

6.4.6.4 Strategic Alliances between Business Partners

6.4.7        Aknamed  

6.4.7.1 Business Description & Financial Analysis

6.4.7.2 SWOT Analysis

6.4.7.3 Products & Services Offered

6.4.8.4 Strategic Alliances between Business Partners

6.4.8        AWL India

6.4.8.1 Business Description & Financial Analysis

6.4.8.2 SWOT Analysis

6.4.8.3 Products & Services Offered

6.4.8.4 Strategic Alliances between Business Partners

6.4.9        Locus

6.4.9.1 Business Description & Financial Analysis

6.4.9.2 SWOT Analysis

6.4.9.3 Products & Services Offered

6.4.9.4 Strategic Alliances between Business Partners

6.4.10       Coldman

6.4.10.1 Business Description & Financial Analysis

6.4.10.2 SWOT Analysis

6.4.10.3 Products & Services Offered

6.4.10.4 Strategic Alliances between Business Partners

6.4.11      Other Companies

6.4.11.1 Business Description & Financial Analysis

6.4.11.2 SWOT Analysis

6.4.11.3 Products & Services Offered

6.4.11.4 Strategic Alliances between Business Partners

7          RESEARCH METHODOLOGY

7.1   Market Introduction

7.1.1        Market Definition

7.1.2        Market Scope & Segmentation

7.2   Information Procurement

7.2.1        Secondary Research

7.2.1.1 Purchased Databases

7.2.1.2 GMEs Internal Data Repository

7.2.1.3 Secondary Resources & Third Party Perspectives

7.2.1.4 Company Information Sources

7.2.2        Primary Research

7.2.2.1 Various Types of Respondents for Primary Interviews

7.2.2.2 Number of Interviews Conducted throughout the Research Process

7.2.2.3 Primary Stakeholders

7.2.2.4 Discussion Guide for Primary Participants

7.2.3        Expert Panels

7.2.3.1 Expert Panels Across 30+ Industry

7.2.4        Paid Local Experts

7.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

7.3   Market Estimation

7.3.1        Top-Down Approach

7.3.1.1 Macro-Economic Indicators Considered

7.3.1.2 Micro-Economic Indicators Considered

7.3.2        Bottom Up Approach

7.3.2.1 Company Share Analysis Approach

7.3.2.2 Estimation of Potential Product Sales

7.4   Data Triangulation

7.4.1        Data Collection

7.4.2        Time Series, Cross Sectional & Panel Data Analysis

7.4.3        Cluster Analysis

7.5   Analysis and Output

7.5.1        Inhouse AI Based Real Time Analytics Tool

7.5.2        Output From Desk & Primary Research

7.6   Research Assumptions & Limitations

7.7.1        Research Assumptions

7.7.2        Research Limitations

LIST OF TABLES

1 India Healthcare Supply Chain Automation Market, By Component, 2021-2029 (USD Million)

2 Software Market, 2021-2029 (USD Million)

3 Hardware Market, 2021-2029 (USD Million)              

4 Services Market, 2021-2029 (USD Million)  

5 India Healthcare Supply Chain Automation Market, By End User, 2021-2029 (USD Million)

6 Healthcare Providers Market, 2021-2029 (USD Million)    

7 Healthcare Manufacturers Market, 2021-2029 (USD Million)

8 Others Market, 2021-2029 (USD Million)

9 India Healthcare Supply Chain Automation Market, By Component, 2021-2029 (USD Million)

10 India Healthcare Supply Chain Automation Market, By End User, 2021-2029 (USD Million)

11 Medpick : Products & Services Offering

12 Vedanectar Healing Pvt Ltd: Products & Services Offering            

13 ONS Logistics India Pvt Ltd: Products & Services Offering              

14 GEODIS India: Products & Services Offering             

15 FM Logistic: Products & Services Offering

16 Inneate: Products & Services Offering        

17 Aknamed : Products & Services Offering   

18 AWL India: Products & Services Offering    

19 Locus, Inc: Products & Services Offering  

20  Coldman: Products & Services Offering   

21 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 India Healthcare Supply Chain Automation Market Overview

2 India Healthcare Supply Chain Automation Market Value From 2021-2029 (USD Million)

3 India Healthcare Supply Chain Automation Market Share, By Component (2023)

4 India Healthcare Supply Chain Automation Market Share, By End User (2023)

5 Technological Trends In India Healthcare Supply Chain Automation Market

6 Four Quadrant Competitor Positioning Matrix

7 Impact Of Macro & Micro Indicators On The Market

8 Impact Of Key Drivers On The India Healthcare Supply Chain Automation Market

9 Impact Of Challenges On The India Healthcare Supply Chain Automation Market

10 Porter’s Five Forces Analysis

11 India Healthcare Supply Chain Automation Market: By Component Scope Key Takeaways

12 India Healthcare Supply Chain Automation Market, By Component Segment: Revenue Growth Analysis

13 Software Market, 2021-2029 (USD Million)        

14 Hardware Market, 2021-2029 (USD Million)

15 Services Market, 2021-2029 (USD Million)

16 India Healthcare Supply Chain Automation Market: By End User Scope Key Takeaways

17 India Healthcare Supply Chain Automation Market, By End User Segment: Revenue Growth Analysis

18 Healthcare Providers Market, 2021-2029 (USD Million)          

19 Healthcare Manufacturers Market, 2021-2029 (USD Million)

20 Others Market, 2021-2029 (USD Million)

21 India Healthcare Supply Chain Automation Market: Regional Analysis

22 India Healthcare Supply Chain Automation Market Overview

23 India Healthcare Supply Chain Automation Market, By Component

24 India Healthcare Supply Chain Automation Market, By End User

25 Four Quadrant Positioning Matrix

26 Company Market Share Analysis

27 Medpick : Company Snapshot

28 Medpick : SWOT Analysis

29 Medpick : Geographic Presence

30 Vedanectar Healing Pvt Ltd: Company Snapshot

31 Vedanectar Healing Pvt Ltd: SWOT Analysis

32 Vedanectar Healing Pvt Ltd: Geographic Presence

33 ONS Logistics India Pvt Ltd: Company Snapshot

34 ONS Logistics India Pvt Ltd: SWOT Analysis

35 ONS Logistics India Pvt Ltd: Geographic Presence

36 GEODIS India: Company Snapshot

37 GEODIS India: Swot Analysis

38 GEODIS India: Geographic Presence

39 FM Logistic: Company Snapshot

40 FM Logistic: SWOT Analysis

41 FM Logistic: Geographic Presence

42 Inneate: Company Snapshot

43 Inneate: SWOT Analysis

44 Inneate: Geographic Presence

45 Aknamed : Company Snapshot

46 Aknamed : SWOT Analysis

47 Aknamed : Geographic Presence

48 AWL India: Company Snapshot

49 AWL India: SWOT Analysis

50 AWL India: Geographic Presence

51 Locus, Inc.: Company Snapshot

52 Locus, Inc.: SWOT Analysis

53 Locus, Inc.: Geographic Presence

54 Coldman: Company Snapshot

55 Coldman: SWOT Analysis

56 Coldman: Geographic Presence

57 Other Companies: Company Snapshot

58 Other Companies: SWOT Analysis

59 Other Companies: Geographic Presence

The India Healthcare Supply Chain Automation Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

India Healthcare Supply Chain Automation Market Size

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 India Healthcare Supply Chain Automation Market.

India Healthcare Supply Chain Automation Market Growth

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

India Healthcare Supply Chain Automation Market Trends

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 company and customer analytics.

India Healthcare Supply Chain Automation Market Share

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Frequently Asked Questions

The India healthcare supply chain automation market is projected to grow at a CAGR of 5.6% from 2024 to 2029.
Medpick, Vedanectar Healing Pvt Ltd, ONS Logistics India Pvt Ltd, GEODIS India, FM Logistic, Inneate, Aknamed, AWL India, Locus, and Coldman, among others, are some of the key players operating in the India healthcare supply chain automation market.
The India healthcare supply chain automation market presents opportunities for increased efficiency, reduced costs, and enhanced visibility. Implementation of technologies like RFID, blockchain, and AI can streamline inventory management, logistics, and distribution, ultimately improving healthcare delivery and patient outcomes.
The rising demand for efficient healthcare delivery, the need for real-time visibility in the supply chain, cost reduction pressures, and the adoption of advanced technologies like RFID, IoT, and AI for improved inventory management and logistics efficiency are the major drivers for India healthcare supply chain automation market growth.

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