Healthcare Logistics Market (Product - Pharmaceutical Products, and Medical Devices; Type - Cold Chain Logistics, and Non-cold Chain Logistics; Component - Storage, Transportation, and Monitoring Components): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on healthcare logistics market provides in-depth analysis of segments and sub-segments in the global as well as regional healthcare logistics market . The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional healthcare logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global healthcare logistics market. According to the report, the global healthcare logistics market was worth USD 30 billion in 2020 and is expected to reach USD 50 billion by 2026, growing with a CAGR of 8% over the forecast period of 2020-2026.

Market Insight

Global healthcare spending is increasing and the healthcare sector is going through a significant transformation of its operating models and supply chains. These include key developments such as significant pressures from governments and regulatory authorities to lower costs and deliver more affordable and quality healthcare.

The healthcare domain was ill-prepared to tackle a public health emergency at this scale of COVID 19.The COVID-19 pandemic is impacting health product supply chains, and also affecting the key materials and ingredients, finished health products, logistics, shipping, and more. The short-term impact of COVID-19 on the market is a crucial factor for healthcare logistics. On the other hand amid the pandemic, governments around the world are emphasizing healthcare facilities and ample medicinal supply for the patients. The growing global pharmaceutical sales are driving the growth of the healthcare logistics market. A factor such as increasing healthcare awareness among the consumers is increasing the sales of over-the-counter drugs. A growing consumer requirement, for over-the-counter drug manufacturers, is introducing specific medicine for treating minor ailments, which, in turn, is increasing their sales. As a result, the growth in pharmaceutical sales is anticipated to increase the demand for healthcare logistics.

Furthermore, the growing geriatric population and new product launches are also driving the market growth. A growing incidence of chronic diseases and the need for improved medical assistance has led to the development of new medical devices and the need for efficient transportation of devices and equipment. However, the increased complexities due to time-bound deliveries and customization of the supply chain are affecting the growth of the market. Moreover, the emergence of drones in healthcare logistics will provide significant growth opportunities for the market. Again the real-time optimization of the supply chain will boost the market growth. Optimization of resources with greater precision and reduce inventory costs and wastage. A range of supplies ranging from the smallest of surgical sponges to thousand-dollar medications or devices is tracked, along with waste in the operating rooms. This has led to new lean supply chain initiatives, with powerful insights on supply use patterns and inventory optimization.

Europe holds the largest market share in the healthcare logistics market. The substantial growth in pharmaceutical products’ trades across key European countries is attributing to the growth of the market. Additionally, growing production and demand for several categories of pharma products such as OTC medicines in the domestic region is anticipated to boost the growth of the market in the region.

Segment Covered

The report on global healthcare logistics market covers segments such as product, type, and component. On the basis of product, the sub-markets include pharmaceutical products, and medical devices. On the basis of type, the sub-markets include cold chain logistics, and non-cold chain logistics. On the basis of component, the sub-markets include storage, transportation, and monitoring components.

Companies Profiled:

The report provides profiles of the companies in the market such as AmerisourceBergen Corp, Deutsche Post AG, FedEx Corp, Kuehne + Nagel International AG, United Parcel Service of America Inc, Air Canada, CEVA Logistics AG, Cold Chain Technologies LLC, Continental Cargo OU, and Deutsche Post DHL Group.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of healthcare logistics market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.