The Healthcare Inventory Management Software Market size was valued at USD 1213.97 Million in 2022 and is projected to reach USD 2998.55 Million by 2030, growing at a CAGR of 11.9% from 2022 to 2030.

Healthcare Inventory Management Software Market Overview

The global healthcare inventory management software market is estimated to witness significant growth during the forecast period (2022-2029). This market is expected to grow at a CAGR of 8.9% during the forecast period, owing to the increasing use of cloud-based solutions for managing medical inventory, increasing adoption of GS1 systems for tracking medical supplies for efficient management, and significant benefits of automated inventory. Tracking over manual trackings like time-saving, labor reduction, cost-effectiveness, and data management. Additionally, with the rise in COVID-19 cases, hospitals and other medical centers continue to need surgical kits, medicines, medical supplies, medicines, and protective kits. The medical supplies software market will grow exponentially over the forecast period to meet the increasing demand from these hospitals and medical centers. Ultimately, reducing operating costs through improved efficacy and profitability will help the market continue to grow.

The Healthcare Inventory Management Software Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Healthcare Inventory Management Software market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: SAP (Germany), Oracle (US), Infor (US), GHX (US), McKesson (US), TECSYS (Canada), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), LogiTag Systems (Israel), Supplylogix (US), LogiTag (Israel) and Others, and others.

Industry Development:

• 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 systems which has more than 2000 hospitals tied up.

What are the major Applications, Types, and Regions for the Healthcare Inventory Management Software Market?

On the Basis of Type:

• Order Management Software
• Warehouse Management Software
• Consignment Management Software
• Implant Management Software
• Tissue Management Software

On the Basis of Application:

• Manufacturers
• Distributors
• Healthcare Providers

Healthcare Inventory Management Software Market Regional Insights:

In 2021, North America accounted for 39.30% of the Healthcare Inventory Management Software market. Growing demand for streamlined operations, efficient workflows, and improved storage facility management of patient data has increased the preference for Healthcare Inventory Management Software in the region. An increase in chronic diseases among the elderly also causes hospital admissions to surge, placing a burden on medical institutions that have to maintain huge amounts of medical data. In addition, increasing clinical errors, operational failures, high patient data reception, and growing medical personnel have increased pressure on governments and healthcare institutions to adopt Healthcare Inventory Management Software. Medical claims processing plays an important role in hospital management. Medical billing errors increase due to incorrect billing, unbundling, and non-compliance with hospital billing guidelines.

Geographically, the global Healthcare Inventory Management Software market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Healthcare Inventory Management Software Market Report Scope:

Frequently Asked Questions (FAQ) about the Healthcare Inventory Management Software market:

What is the CAGR of the global Healthcare Inventory Management Software market?

The Healthcare Inventory Management Software Market is growing at a CAGR of 11.9% during the forecast period.

Which region would offer high growth for vendors in the Healthcare Inventory Management Software market?

North America accounted for the largest market in the Healthcare Inventory Management Software market.

Which Is the Most potential market segment?

By Types- Order Management Software, Warehouse Management Software, Consignment Management Software, Implant Management Software, Tissue Management Software

By Applications - Manufacturers, Distributors, Healthcare Providers

Which are the top industry players in the Healthcare Inventory Management Software market?

SAP (Germany), Oracle (US), Infor (US), GHX (US), McKesson (US), TECSYS (Canada), Manhattan Associates (US), JDA Software (US), Jump Technologies (US), LogiTag Systems (Israel), Supplylogix (US), LogiTag (Israel) and Others, and others.

All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.