The Global Healthcare Logistics Market is anticipated to reach USD 30.6 billion in 2021 and is projected to grow over a CAGR of 6% during the forecast period. Healthcare logistics is an integrated part of the healthcare system. The acquiring, storing, and transportation of healthcare products like pharmaceutical items, medical devices and facilities, surgical supplies, and other similar items is referred to as healthcare logistics.
In healthcare logistics, parameters like maintenance of healthcare logistics, such as storing, distribution time, and handling of temperature-sensitive goods require extraordinary attention. Customer requirements, maintaining the integrity of the product, and following government regulations are some of the challenges for the healthcare logistics market.
A significant factor contributing to the global healthcare logistics market growth is the government initiatives for the healthcare infrastructure development in rural areas due to the less availability of medical devices and pharmaceutical products in rural areas. For instance, the Indian government announced USD 9.87 billion for the healthcare sector in 2020. It is expected to fuel the healthcare logistics market growth. Rising costs from research and development and supply chain management with strict guidelines are expected to hamper market growth during the forecast period.
Governments of several countries are investing in the development of logistic infrastructure, which is expected to drive market growth during the forecast period. The introduction of drones in healthcare logistics is also expected to create lucrative growth opportunities in the market. Drones can ensure the more efficient delivery of vaccines and medicines. In the future, small indoor drones are expected to carry medications from the pharmacy to the patients to ensure a smoother and appropriate drug administration. These factors are expected to fuel market growth.
Rising fuel costs have made pharmaceutical companies choose seaborne shipments. Various pharmaceutical companies prefer seaborne transportation over air or roadways. The preference for seaborne shipments and the growing initiatives to promote cold chain logistics are projected to augment the market growth. AstraZeneca, a leading multinational pharmaceutical company, shifted around 65% of product transportation to seaborne transportation. Such developments will promote seaborne transportation.
COVID-19 Impact Analysis on Healthcare Logistics Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the healthcare logistics market include Air Canada, AmerisourceBergen Corp., CEVA Logistics AG, Cold Chain Technologies LLC, Continental Cargo OU, Deutsche Post DHL Group, FedEx Corp., Kuehne + Nagel International AG, Schenker AG, United Parcel Service Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Healthcare Logistics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/healthcare-logistics-market/download-sampleMarket DynamicsExpanding healthcare industry and growing burden of diseases and pandemics drive the global healthcare logistics market.
Key vendors deploy various growth strategies, such as expanding their businesses in different geographies by forming strategic alliances or acquisitions to compete in the market.
