Download Sample, Rising Demand of Vaccine and Medical Product Supply Fuels the Market
The growing need for healthcare logistics is attributed to development of innovative medical product packing with improved insulating and temperature monitoring capabilities during transportation and storage. With recent advancements in supply chain management and integrated technologies including end-to-end visibility with temperature-controlled warehousing is boosting the pharmaceutical logistics market. According to a report, globally approximately 300 million individuals are affected by viral hepatitis, with around 300 fatalities occurring daily and vaccines remain a primary treatment choice. Transporting a large quality of vaccines and other medical products globally with proper handling is a significant task and healthcare logistics plays a crucial role in ensuring widespread reach by enabling quick and safe delivery without compromising the quality or efficacy of the product.
For instance, in April 2021, CEVA logistics announced the launch of a sensitive logistic product to provide end-to-end delivery information and keep the patient as the center of the supply chain leading to worldwide growth of healthcare and pharmaceutical networks and fuelling market expansion. Furthermore, to cater to the growing demand for end-to-end visibility coupled with dynamic slotting tools many supply chain companies are investing in healthcare logistics and driving market growth by enabling faster and more efficient distribution for customers with efficient, reliable,e and temperature-controlled logistics solutions for life-saving treatments and products.
For instance, in February 2024, the DHL supply chain announced a US$200 million investment in life science and healthcare logistics, including expanding warehouse facilities and footprint over 13 million square feet with investment in warehouse technology to optimize operations using automated guided vehicles and autonomous mobile robots to boost productivity and reduce labor challenges and increasing flexibility in material handling by reducing human error and increasing overall efficiency.
For instance, in April 2021, CEVA logistics announced the launch of a sensitive logistic product to provide end-to-end delivery information and keep the patient as the center of the supply chain leading to worldwide growth of healthcare and pharmaceutical networks and fuelling market expansion. Furthermore, to cater to the growing demand for end-to-end visibility coupled with dynamic slotting tools many supply chain companies are investing in healthcare logistics and driving market growth by enabling faster and more efficient distribution for customers with efficient, reliable,e and temperature-controlled logistics solutions for life-saving treatments and products.
For instance, in February 2024, the DHL supply chain announced a US$200 million investment in life science and healthcare logistics, including expanding warehouse facilities and footprint over 13 million square feet with investment in warehouse technology to optimize operations using automated guided vehicles and autonomous mobile robots to boost productivity and reduce labor challenges and increasing flexibility in material handling by reducing human error and increasing overall efficiency.
Increasing Logistic Service Capabilities and Life Saving Innovations Uplift the Market
Increasing need for temperature-controlled environments and efficient support in the production and distribution of biological and medical products in pharmaceuticals and clinical trial logistics, numerous pharmaceutical logistics companies are continuously engaging in strategic actions such as mergers and acquisitions to lower distribution expenses and improve efficiency in healthcare logistics. For instance, in August 2022, UPS acquired the Bomi Group to expand its global healthcare logistics capabilities by the addition of 350 temperature-controlled vehicles across 14 countries and seamless service capabilities in temperature-sensitive logistics and life-saving innovation to customers.
Moreover, in September 2023, UPS announced to acquisition of MNX Global Logistics to enhance time-sensitive logistic solutions and global health capabilities by bringing greater production flexibility and improving supply chain speed with value-added delivery efficiency. These acquisitions increase market opportunities and lead to market expansions.
Moreover, in September 2023, UPS announced to acquisition of MNX Global Logistics to enhance time-sensitive logistic solutions and global health capabilities by bringing greater production flexibility and improving supply chain speed with value-added delivery efficiency. These acquisitions increase market opportunities and lead to market expansions.
Recent Trends in The Healthcare Logistics Market Industry
- Increasing demand for temperature-controlled logistic solutions
- Rising demand for fast and on-time delivery
- Increasing technological advancement for real-time tracking of pharmaceutical products
- Increasing demand for global network expansion in healthcare and pharmaceutical products
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Poor Transport Networking and High Operational Cost is Impacting Market Expansion
Poor transportation network of supply chain and increasing operational costs are hindering market growth, potentially lowering service quality, and leading to a loss of control when outsourcing. In order to offer excellent service, small companies struggle to maintain timely and efficient delivery due to the need for sufficient infrastructure and well-equipped facilities, resulting in impacting market expansion. In contrast to conventional logistics, preserving the quality of temperature-sensitive goods over long distances requires investments in temperature-controlled storage, refrigerated vehicles, and real-time tracking technology with data loggers.
Furthermore, the growing competition to remain at the forefront is driven by technological advancements in delivery systems, leading to ongoing investment in new innovative technologies and substantial financial commitments. Moreover, the proper management of pharmaceutical medications and vaccines necessitates trained individuals with advanced expertise, leading to companies investing funds in offering advanced training through logistics companies.
Furthermore, the growing competition to remain at the forefront is driven by technological advancements in delivery systems, leading to ongoing investment in new innovative technologies and substantial financial commitments. Moreover, the proper management of pharmaceutical medications and vaccines necessitates trained individuals with advanced expertise, leading to companies investing funds in offering advanced training through logistics companies.
Advancement in Supply Chain Management with Technology Integration Led to Market Expansion
The increasing investment of companies in technologies such as telematics, remote sensing, GPS and GIS integration in transportation to meet the highest flexibility standards of pharmaceutical and medical shipments is increasing market growth. For safe delivering and top-grade pharmaceutical transportation services over long distances between continents, air freight logistics are mostly preferred, several pharmaceutical companies have established their distribution centers in specific locations to take advantage of geographical and tax benefits in order to meet the complex and varied requirements. For instance, in December 2023, Nippon Express B.V. obtained the CEIV Pharma certificate from IATA for their warehouse at Schipol Trade Park near Amsterdam Airport, showing their adherence to global standards for pharmaceutical transportation by providing high-quality service and efficient connectivity.
Furthermore, the adoption of telematics with specialized operational teams, and advanced customer service in cold-chain healthcare logistics is increasing due to growing demand for temperature-controlled storage of vaccines and other ambient products, pharmaceutical logistics, and enhancing efficiency, connectivity, and safety in cargo transportation. For instance, Turkish Cargo introduced 3 pharmaceutical products named TK Pharma Standard, Extra, and Advanced in January 2024, these products ensure safe temperature-sensitive shipment by meeting industry standards with expert care by offering zero temperature risk by using temperature-controlled containers at a fixed range of -70°C to +30°C and temperature controlled dollies during apron handling and providing customer with convenient and safe pharmaceutical logistics services and increasing reliability between the customer and increasing market growth opportunities.
Furthermore, the adoption of telematics with specialized operational teams, and advanced customer service in cold-chain healthcare logistics is increasing due to growing demand for temperature-controlled storage of vaccines and other ambient products, pharmaceutical logistics, and enhancing efficiency, connectivity, and safety in cargo transportation. For instance, Turkish Cargo introduced 3 pharmaceutical products named TK Pharma Standard, Extra, and Advanced in January 2024, these products ensure safe temperature-sensitive shipment by meeting industry standards with expert care by offering zero temperature risk by using temperature-controlled containers at a fixed range of -70°C to +30°C and temperature controlled dollies during apron handling and providing customer with convenient and safe pharmaceutical logistics services and increasing reliability between the customer and increasing market growth opportunities.
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Growing Demand of Pharmaceutical and Healthcare Service is Fuelling the Market Growth
North America’s dominance in the healthcare logistics market is attributed to the increasing adoption of technology and the wide availability of well-developed infrastructure with a wide range of easy medical storage transport without requiring any extra expenditure and expanding market growth. Furthermore, the healthcare logistics market in Europe is rapidly expanding as a result of the growing elderly population and increasing healthcare needs leading to market growth with the help of advanced logistic solutions.
Additionally, the pharmaceutical markets in Asia-Pacific, including those in China, India, Japan, and South Korea, are experiencing the fastest growth. These nations' growing need for pharmaceuticals and healthcare services is driving the need for effective logistics solutions to guarantee on-time delivery and investments in seaports, airports, and road networks, among other transportation and infrastructure projects, are enhancing regional logistics capacities and spurring market expansion. For example, in December 2023, FedEx provided US$5 million to IIT Madras as part of this partnership to improve the supply chain through digital transformation with an emphasis on social and environmental sustainability. Growing innovative initiatives to accelerate pharmaceutical goods enhances market expansion.
Additionally, the pharmaceutical markets in Asia-Pacific, including those in China, India, Japan, and South Korea, are experiencing the fastest growth. These nations' growing need for pharmaceuticals and healthcare services is driving the need for effective logistics solutions to guarantee on-time delivery and investments in seaports, airports, and road networks, among other transportation and infrastructure projects, are enhancing regional logistics capacities and spurring market expansion. For example, in December 2023, FedEx provided US$5 million to IIT Madras as part of this partnership to improve the supply chain through digital transformation with an emphasis on social and environmental sustainability. Growing innovative initiatives to accelerate pharmaceutical goods enhances market expansion.
The report provides a detailed overview of the healthcare logistics market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for healthcare logistics has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the crop protection chemicals market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the healthcare logistics market. Some key country and region included in the Healthcare logistics market report as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Belgium, Sweden, Austria, Slovakia, Hungary, Romania, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Nigeria, Iran, Rest of MEA |
Healthcare Logistics Market Research Report Covers In-depth Analysis on:
- Healthcare logistics market detailed segments and segment-wise market breakdown
- Healthcare logistics market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in healthcare logistics industry)
- Current, historical and forthcoming 10 years market valuation in terms of healthcare logistics market size (US$ Mn), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Healthcare logistics market demand analysis
- Healthcare logistics market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in healthcare logistics market
- Regulatory landscape by key regions and key countries
- Healthcare logistics market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on healthcare logistics market forecast by countries
- Mergers and acquisitions in healthcare logistics market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key challenges faced in the healthcare logistics market?
The healthcare logistics market faces challenges like maintaining product integrity, navigating complex regulations, and ensuring timely delivery to remote locations while adhering to stringent quality standards.
What factors are driving growth in the healthcare logistics market?
The growing demand for medical devices, vaccines, and pharmaceutical products, coupled with advancements in cold chain logistics and e-commerce integration, drives the market's growth.
How does technology enhance efficiency in healthcare logistics?
Technology enhances healthcare logistics by enabling real-time tracking, predictive analytics for route optimization, and automation in warehousing, ensuring faster and more accurate supply chain management.
