Healthcare Logistics Market Size to Grow by USD 33.64 Bn at a CAGR of 6.39%| Pharmaceutical Products is expected to witness lucrative growth | Technavio
NEW YORK, May 27, 2022 /PRNewswire/ -- The Healthcare Logistics Market size is expected to grow by USD 33.64 billion with a YOY growth of 6.11% during the forecast period. One of the key factors driving the healthcare logistics market growth is the growing global pharmaceutical sales. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.
This market research report extensively covers Healthcare Logistics Market segmentations by the following:
Product- Pharmaceutical products and medical devices
Pharmaceutical products will gain a large proportion of the healthcare logistics market. Branded medications, generic drugs, and vaccines are all examples of pharmaceutical products. The demand for pharmaceutical logistics is likely to rise as the number of new medicine approvals rises. As a result, logistics companies can easily adapt or set up their existing logistics or warehousing units for new items in response to pharmaceutical manufacturers' needs.
Geography - APAC, North America, Europe, South America, APAC, North America, Europe, and South America
APAC will account for 43 percent of market growth. In APAC, China is the most important market for healthcare logistics. The market in this region will increase at a quicker rate than the market in other regions. The expected increase in healthcare spending may present numerous chances for pharmaceutical manufacturers and healthcare logistics suppliers, enhancing healthcare logistics demand in APAC throughout the forecast period.
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Healthcare Logistics Market Dynamics
Market Driver
Global pharmaceutical sales are one of the primary drivers driving the healthcare logistics market forward. Prescription pharmaceuticals and over-the-counter drugs make up the worldwide pharmaceutical market, which is predicted to rise significantly over the forecast period. The market is being driven by the expanding elderly population as well as new product launches by pharmaceutical companies.
Market Trend
An increasing number of initiatives to promote cold chain logistics are also propelling the healthcare logistics industry forward. In nations like Brazil, China, India, and South Africa, the cold chain market is still in its early stages. As a result, international regulatory agencies and governments from many nations have created several legislations focusing on food and medicine safety in order to support cold chains.
Market Challenge
One of the major issues impeding the growth of the healthcare logistics industry is the increased complications caused by time-bound deliveries and supply chain customization. Customers desire shorter lead times, while logistics organizations strive to maintain operational costs as low as possible. Selecting or constructing the correct supply chain model is a significant and critical job. Topography, technological advancements, and region/country-specific legislation and policies all influence logistics difficulties. This makes developing an effective supply chain model difficult for logistics service providers.
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Healthcare Logistics Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 6.39%
Market growth 2020-2024
$ 33.64 billion
Market structure
Fragmented
YoY growth (%)
6.11
Regional analysis
APAC, North America, Europe, South America, APAC, North America, Europe, and South America
Performing market contribution
APAC at 43%
Key consumer countries
China, US, Germany, and Canada
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Air Canada, AmerisourceBergen Corp., CEVA Logistics AG, Cold Chain Technologies LLC, Continental Cargo OU, DB Schenker, Deutsche Post AG, FedEx Corp., Kuehne + Nagel International AG, and United Parcel Service Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Healthcare Logistics Market Segmentation
Product
Pharmaceutical Products
Medical Devices
Service
Transportation
Warehousing
Geographic
APAC
North America
Europe
South America
APAC
North America
Europe
South America
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Healthcare Logistics Market Vendor
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Air Canada
AmerisourceBergen Corp.
CEVA Logistics AG
Cold Chain Technologies LLC
Continental Cargo OU
DB Schenker
Deutsche Post AG
FedEx Corp.
Kuehne + Nagel International AG
United Parcel Service Inc.
Find out the top market vendors, their competition, and how they excel in the Healthcare Logistics Market in our latest Sample Report.Download our Detailed Sample Report.
Product Insights and News
Air Canada - The company offers a wide range of healthcare logistics services which includes air freight services, ocean freight services, ground transportation, contract logistics, and supply chain solutions for pharmaceutical products and medical devices.
AmerisourceBergen Corp - The company offers a wide range of healthcare logistics services which includes air freight services, ocean freight services, ground transportation, contract logistics, and supply chain solutions for pharmaceutical products and medical devices.
CEVA Logistics AG- The company offers a wide range of healthcare logistics services which includes air freight services, ocean freight services, ground transportation, contract logistics, and supply chain solutions for pharmaceutical products and medical devices.
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Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Air Freight and Logistics Market
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
5.1 Market segments
Exhibit 15: Product - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Pharmaceutical products - Market size and forecast 2020-2025
Exhibit 68: Continental Cargo OU - Product and service
Exhibit 69: Continental Cargo OU - Key offerings
11.8 Deutsche Post DHL Group
Exhibit 70: Deutsche Post DHL Group - Overview
Exhibit 71: Deutsche Post DHL Group - Business segments
Exhibit 72: Deutsche Post DHL Group ? Key news
Exhibit 73: Deutsche Post DHL Group - Key offerings
Exhibit 74: Deutsche Post DHL Group - Segment focus
11.9 FedEx Corp.
Exhibit 75: FedEx Corp. - Overview
Exhibit 76: FedEx Corp. - Business segments
Exhibit 77: FedEx Corp. ? Key news
Exhibit 78: FedEx Corp. - Key offerings
Exhibit 79: FedEx Corp. - Segment focus
11.10 Kuehne + Nagel International AG
Exhibit 80: Kuehne + Nagel International AG - Overview
Exhibit 81: Kuehne + Nagel International AG - Business segments
Exhibit 82: Kuehne + Nagel International AG ? Key news
Exhibit 83: Kuehne + Nagel International AG - Key offerings
Exhibit 84: Kuehne + Nagel International AG - Segment focus
11.11 Schenker AG
Exhibit 85: Schenker AG - Overview
Exhibit 86: Schenker AG - Business segments
Exhibit 87: Schenker AG ? Key news
Exhibit 88: Schenker AG - Key offerings
Exhibit 89: Schenker AG - Segment focus
11.12 United Parcel Service Inc.
Exhibit 90: United Parcel Service Inc. - Overview
Exhibit 91: United Parcel Service Inc. - Business segments
Exhibit 92: United Parcel Service Inc. ? Key news
Exhibit 93: United Parcel Service Inc. - Key offerings
Exhibit 94: United Parcel Service Inc. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Currency conversion rates for US$
Exhibit 95: Currency conversion rates for US$
12.3 Research methodology
Exhibit 96: Research Methodology
Exhibit 97: Validation techniques employed for market sizing
Exhibit 98: Information sources
12.4 List of abbreviations
Exhibit 99: List of abbreviations
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