1. The market is expected to reach $13.8 billion by 2019.
2. It was valued at $9.2 billion in 2014.
3. It is expected to grow at a compound annual growth rate of 8.3 percent from 2014 to 2019.
4. The trend of hospital consolidation in countries such as the United States offer new growth opportunities for supply chain management solutions such as inventory management software, focused on both hospitals and ambulatory surgery centers.
5. The need to lower healthcare costs is also a major growth driver for the market.
6. North America is expected to grow at the highest growth rate during 2014 to 2019.
7. The major players in the market include Oracle, Infor, Cerner and McKesson.
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