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Healthcare Logistics Market, By Service (Transportation, Warehousing), By Product (Pharmaceutical pr

Published Date: | Report Code : HC2068956

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Healthcare Logistics Market, By Service (Transportation, Warehousing), By Product (Pharmaceutical products, Medical devices), By Region – Market Size & Forecasting To 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Healthcare

Report Code : HC2068956

Status : Upcoming

Healthcare refers to the maintenance or improvement of health, and healthcare service is delivered by health professionals in allied health fields. Healthcare logistics is the logistics of pharmaceuticals, medical and surgical supplies, medical devices and equipment, and other products needed to support doctors, nurses, and other healthcare providers. The supply chain redesign of pharmaceutical products and logistics system saturation are some of the important challenges faced by the healthcare sector

FIGURE 1: HEALTHCARE LOGISTICS MARKET

FIGURE 1: HEALTHCARE LOGISTICS MARKET

Due to the low availability of pharmaceutical products and medical devices in rural areas, governments are taking initiatives to improve the health infrastructure. This is one of the main growth drivers for the healthcare logistics market. Furthermore, growing global pharmaceutical sales and new product launches by pharmaceutical manufacturers, such as over-the-counter drugs, are expected to increase during the forecast period. Many pharmaceutical companies and research institutes are actively engaged in the research and development of treatments for COVID-19. Over-the-counter drug and generic drug manufacturers are focusing on the development of specific medicine for treating minor alignments, which will further help boost sales.

Rising fuel costs have made pharmaceutical companies to choose seaborne shipments. The preference for seaborne shipments and the growing initiatives to promote cold chain logistics are a few major factors that are expected to promote the growth of the market. Various pharmaceutical companies are preferring seaborne transportation over air or roadways. For instance, AstraZeneca, a leading multinational pharmaceutical company, shifted around 65% of its product transportation to seaborne transportation that will have a positive impact on the seaborne transportation type.

FIGURE 2: HEALTHCARE LOGISTICS MARKET SEGMENTATION

FIGURE 2: HEALTHCARE LOGISTICS MARKET SEGMENTATION

Segmentation

The healthcare logistics market is segmented based on service, product, and region.

Service Outlook

Based on service, the market is divided into transportation and warehousing. Among these, the transportation segment is expected to dominate the global healthcare logistics market. Increasing government expenditure and a growing number of patent expiration are anticipated to propel the growth of the market. Moreover, the warehousing segment is projected to register significant growth in the forecast period.

Product Outlook

Based on product, the market is divided into pharmaceutical products and medical devices. Among these, the pharmaceutical products segment accounted for the largest market share among others. Several companies such as Amgen Inc., CalciMedica Inc., are currently engaged in the research and development of treatments for COVID-19, which involves the use of various drugs and medicinal compounds. These drugs and medicinal compounds need to be transported using a secure cold chain solution, which is expected to boost the market for pharmaceutical product logistics.

The impact of COVID-19 on the market is a critical factor for pharmaceutical products’ fast growth across the globe. Amid the pandemic, governments around the world are emphasizing on healthcare facilities and wide medicinal supply for patients.

Regional Outlook

Based on regions, the healthcare logistics market is categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is to hold the largest share of this market in the forecast period due to the low labor costs and low manufacturing costs, which enable investors to plan their future projects and investments in this region.

Furthermore, the presence of developed and developing countries with developed infrastructure and medical benefits in the region is expected to boost market growth. The increased emphasis on elderly care and home-based healthcare services have resulted in increased demand for medical drugs and devices in this region. The North America region is also anticipated to witness significant growth in the forecast period.

FIGURE 3: HEALTHCARE LOGISTICS MARKET (USD MILLION), BY PRODUCT

FIGURE 3: HEALTHCARE LOGISTICS MARKET (USD MILLION), BY PRODUCT

 

Market Players

The key leading players in healthcare logistics market includes DB Schenker, Deutsche Post DHL, CEVA Holdings, Cold Chain Technologies LLC, FedEx Corp, ontinental Cargo OU, United Parcel Service Inc., Air Canada, AmerisourceBergen Corp, and Kuehne + Nagel International AG, among others.

What Does This Report Provide?

This report provides a detailed understanding of the global healthcare logistics market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

 By Service

  • Transportation
  • Warehousing

By Product

  • Pharmaceutical Products
  • Medical Devices

By Region:

  • North America Healthcare Logistics Market
    • By Country (US, Canada, Mexico)
    • By Service
    • By Product
  • Europe Healthcare Logistics Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Service
    • By Product
  • Asia Pacific Healthcare Logistics Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Service
    • By Product
  • Middle East & Africa Healthcare Logistics Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Service
    • By Product
  • South America Healthcare Logistics Market
    • By Country (Brazil, Argentina, Rest of South America)
    • By Service
    • By Product

 Reasons to Buy This Report:

  • Market size estimation of the healthcare logistics market on a regional and global basis
  • Unique research usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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