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