The global healthcare supply chain management market in terms of revenue was estimated to be worth $2.2 billion in 2020 and is poised to reach $3.3 billion by 2025, growing at a CAGR of 7.9% from 2020 to 2025. The key factors driving the growth of this market include the adoption of GS1 system of standard in the healthcare industry globally, the emergence of cloud-based solutions, reduction in operational costs by improving the efficacy and increase in overall profitability. However, the high cost of implementation of supply chain management software is expected to restrict market growth to a certain extent.
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