The global healthcare logistics market is expected to grow at a

Pune, India, January 13, 2022 (GLOBE NEWSWIRE) – The global healthcare logistics market is expected to reach USD 30.6 billion in 2021 and is expected to grow at a CAGR of 6.0% during the forecast period , according to a recent market research report by Quince market overview. Nowadays, logistics are used in the healthcare industry to manage the way resources are held, obtained and transferred. The efficient use of logistics in this business facilitates the continuous delivery of pharmaceuticals, devices and equipment by distributors and suppliers located across the country. Hospitals and clinics, along with wholesalers of medical items and large retail drugstore chains, make up the healthcare industry.

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The increased preference for biologic pharmaceuticals in recent years, along with the growing decision by companies to outsource, are the main drivers expected to drive total market demand. Today, a significant number of health products must be shipped over considerable distances by companies. These materials are invaluable and delicate. The growing market for heat-sensitive drugs and biological medical items, along with the growing awareness of pharmaceutical and logistics companies, is expanding the scope of temperature-controlled healthcare logistics, to the benefit of the entire healthcare logistics market. health. There are several obstacles and roadblocks that will hamper the growth of the market.

Apart from this, there are several constraints that will stifle the expansion of the market. Factors such as ineffective items and price restrictions that differ from country to country. These issues may hamper the growth of the healthcare logistics market to some extent in the coming years.

Impact of COVID 19 on the Global Healthcare Logistics Market

The COVID 19 pandemic has had a favorable influence on the healthcare logistics industry, with demand for these items increasing rapidly. Apart from that, the healthcare industry has played a vital role throughout the pandemic, ensuring that medical facilities and hospitals do not run out of drugs. Not only that, but there was a massive import and export of pharmaceuticals all over the world. In addition, the demand for healthcare logistics will increase as vaccines are distributed.

Global Healthcare Logistics Market, By Service

On the basis of service, the global healthcare logistics market is segmented into transportation and warehousing. Of these, the transportation segment is experiencing the fastest growing due to the increasing adoption of marine pharmaceutical logistics, which is driving the market demand as ocean freight logistics services deal with sensitive biologics at large. molecules and personalized drugs.

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Global Healthcare Logistics Market, By Region

Based on the region, the global healthcare logistics market is segmented into North America, Europe, Asia-Pacific, Middle East, Africa, and South America. Of these, the Asia-Pacific region experiences the fastest growing, with China accounting for the majority, and this trend is expected to continue over the projection period. The increase in healthcare activities in countries like India, China and Japan is the main driver of growth in this region.

Some important market developments considered in the report:

  • May 2020: United Parcel Service of America Inc (US) announced the development of a new UPS Premier to increase opportunities in the healthcare industry.
  • January 2019: FedEx (United States) acquired the Express Business activity of Flying Cargo Group (Israel) in Israel. FedEx’s portfolio will be strengthened as a result of this transaction.
  • October 2018: Manton Air Sea Pty Ltd. (Australia), a logistics services company, is acquired by FedEx (US).

Some of the key findings of the global healthcare logistics market include:

  • The profiles of the major market players operating in the global healthcare logistics market include DB Schenker (Germany), Deutsche Post DHL (Germany), CEVA Holdings (France), Cold Chain Technologies LLC (United States), FedEx Corp (United States), Continental Cargo OU (Estonia), United Parcel Service Inc. ( United States), Air Canada (Canada), AmerisourceBergen Corp (United States) and Kuehne + Nagel International AG (Switzerland)
  • Impact of COVID-19 on the global healthcare logistics market.

For more information, please see the report titled, Healthcare Logistics Market, by service (transport, warehousing), by product (pharmaceuticals, medical devices), by region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) ” an in-depth analysis with the table of contents (ToC).

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