Global Healthcare Logistics Market 2017-2021
About Healthcare Logistics
Healthcare logistics involve delivering, controlling, and planning the physical flow of pharmaceutical goods and information exchange from the producer to a market. The purpose is to meet customers' demand and provide outsourcing services that specialize in handling functions, such as transportation, warehousing, freight, and forwarding. The global healthcare logistics market consists of two types of products, namely generic drugs and branded drugs.
Technavio’s analysts forecast the global healthcare logistics market to grow at a CAGR of 5.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global healthcare logistics market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of healthcare logistics services of generic drugs and branded drugs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Healthcare Logistics Market 2017-2021
Technavio recognizes the following companies as the key players in the global healthcare logistics market: DB Schenker, Deutsche Post DHL, KUEHNE+NAGEL, CEVA Holdings, and FedEx.
Other Prominent Vendors in the market are: Agility, Air Canada Cargo, Biocair, Biotec Services International, Cold Chain Technologies, Continental Cargo, CSafe, Helapet, Igloo Thermo-logistics, LifeConEx, Marken, Nordic Cold Storage, Panalpina World Transport (Holding), VersaCold Logistics Services, and World Courier Management.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is provision of end-to-end integrated services. Several cold chain service providers have recently started to offer end-to-end integrated services, such as road, air, rail, and ocean transportation and warehousing to end-users in the global healthcare logistics market. Logistic vendors are providing cold chain management services to end-user customers and participating in their decision-making processes. Many logistic service providers offer end-to-end cold chain management services, such as inventory management, order scheduling, order forecasting, warehousing, and delivery management.”
According to the report, one of the major drivers for this market is increased investment in technology. The market is witnessing huge investments in technologies, such as IT solutions, which enable the streamlining of logistics. With further sophistication and advances in technology, the market is expected to exhibit tremendous potential for growth.
Further, the report states that one of the major factors hindering the growth of this market is complex supply chain and lack of data standardization. The global healthcare logistics market has been incurring losses because of the rising costs of the complex supply chain management. Each product requires special care, specific supply chains, and transportation facilities for shipment. Each region, state, and country has different rules, regulations, and policies regarding the transport of goods from one destination to another. To overcome this challenge and enhance the efficiency of supply chains, many healthcare vendors are opting to outsource their logistics functions to be able to focus better on their core activities.
DB Schenker, Deutsche Post DHL, KUEHNE+NAGEL, CEVA Holdings, FedEx, Agility, Air Canada Cargo, Biocair, Biotec Services International, Cold Chain Technologies, Continental Cargo, CSafe, Helapet, Igloo Thermo-logistics, LifeConEx, Marken, Nordic Cold Storage, Panalpina World Transport (Holding), VersaCold Logistics Services, and World Courier Management.