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The healthcare logistics market is growing rapidly, driven by a number of factors, including the increasing demand for healthcare services, the growing complexity of the healthcare supply chain, and the need for greater efficiency and transparency.
Healthcare logistics includes the whole supply chain process
involved from the beginning to the end. Raw materials are transported from
their point of origin to a production facility and subsequently to a factory.
The final items are then moved from the factory, to on-demand storage
warehousing or distribution centers. Healthcare logistics refers to the supply
chain from manufacturing facilities of medical equipment manufacturers and
healthcare product companies to the doorstep of medical facilities and
additional involved in the healthcare system. Healthcare transportation can be
provided by any mode of transportation including trucks, trains, boats,
airplanes, temperature-controlled trucks and cars. The constant rise in medical
facilities and infrastructure across the globe drives the growth of the
healthcare logistics market.
The transportation segment is the largest segment,
accounting for over half of the market. The warehousing segment is also growing
rapidly, as healthcare organizations increasingly outsource their warehousing
operations.
The healthcare logistics market is facing a number of
challenges, including the need to comply with complex regulations, the risk of
counterfeit and contaminated products, and the need to ensure the security of
sensitive patient data.
However, the market is also seeing a number of innovations
that are helping to address these challenges. For example, the use of blockchain
technology is helping to improve the traceability of products in the supply
chain. The use of drones is also being explored for the delivery of medical
supplies in remote areas.
The future of healthcare logistics is bright. The market is
expected to continue to grow, driven by the increasing demand for healthcare
services and the need for greater efficiency and transparency. Innovation will
be key to the success of the market, as organizations look for new ways to
address the challenges they face.
Here are some of the key trends that are shaping the future
of healthcare logistics:
- The
increasing demand for temperature-controlled logistics: As the demand
for temperature-sensitive drugs and vaccines grows, so too does the need
for temperature-controlled logistics. This is a complex and challenging
area of logistics, but it is one that is essential to ensuring the safety
and efficacy of these products.
- The
growth of e-commerce in healthcare: The growth of e-commerce is also
having a major impact on the healthcare logistics market. As more and more
patients order their medications and medical supplies online, logistics
providers need to be able to adapt to this new way of doing business.
- The
increasing use of data analytics: Data analytics is becoming increasingly
important in healthcare logistics. By analyzing data, logistics providers
can gain valuable insights into the supply chain and identify areas where
efficiency can be improved.
- The
rise of artificial intelligence and robotics: Artificial intelligence and
robotics are also beginning to play a role in healthcare logistics. These
technologies can be used to automate tasks, improve efficiency, and reduce
costs.
The future of healthcare logistics is exciting and full of
potential. By embracing innovation and adapting to new trends, logistics
providers can play a key role in ensuring that the healthcare industry is able
to meet the needs of patients and providers alike.
Top Impacting Factors
Constant rise in healthcare infrastructure across the globe drives the global
healthcare logistics market.
Increase incomplexities due to time-bound deliveries and customization of the
supply chain hinder the global healthcare logistics market.
The emergence of drones in the healthcare logistics market
acts as an opportunity for the growth of the market.
Market Trends
Delivery Through Drones
Drones have the potential to be the ultimate solution to the
problem, delivering just-in-time resupplies of critical medical items,
regardless the location. Certain health systems are unable to maintain
cold-chain products such as platelets or blood on-site, drones can ensure these
supplies are deliverable whenever demanded. Drones for healthcare logistics
have been witnessing several landmarks from the past few years. A University of
Maryland drone delivered a kidney that was successfully transplanted into a
patient suffering from a serious nephrological condition; this was the first
-ever successful drone delivery of a human organ in April 2019.
That delivery was completely successful and made it to the
headlines. Drones are gaining popularity in the developing countries as well.
India, a country with a massive population to serve with equally difficult
geography and wide-ranging healthcare disparities, has also recognized and appreciated
the need to incorporate drone delivery solutions in the healthcare system.
Medicine from the Sky a World Economic Forum (WEF) projects initiative in
partnership with the Government of Telangana and Apollo Hospitals in India has
also stepped in to facilitate and scale drone-based medical deliveries in the
region. The next phase of this initiative will transform trials and research
turned into operational drones.
The World Economic Forum co-organized a workshop with the
Government of Telangana at Wings India 2020, a yearly event organized by the
Ministry of Civil Aviation of India and the Airports Authority of India, to
bring together all essential stakeholders to design a new project demonstrating
the potential and practicality for drone delivery of medical supplies in India.
This community is presently investigating at ways drones can support response
of India to the COVID-19 pandemic.
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Top 10 Companies
Top 10 companies in the healthcare logistics market in
tabular format:
Rank |
Company |
Country |
Market Share |
Revenue (2022) |
1 |
XPO Logistics |
USA |
10.2% |
$11.7 billion |
2 |
AmerisourceBergen |
USA |
7.9% |
$9.5 billion |
3 |
Deutsche Post DHL Group |
Germany |
7.6% |
$9.2 billion |
4 |
FedEx |
USA |
6.7% |
$8.4 billion |
5 |
CEVA Logistics |
Switzerland |
5.8% |
$7.4 billion |
6 |
UPS |
USA |
5.5% |
$7.1 billion |
7 |
Kuehne + Nagel |
Switzerland |
5.1% |
$6.6 billion |
8 |
DHL Global Forwarding |
Germany |
4.9% |
$6.4 billion |
9 |
DB Schenker |
Germany |
4.7% |
$6.2 billion |
Key Benefits of the Report:
- This
study presents the analytical depiction of the healthcare logistics
industry along with the current trends and future estimations to determine
the imminent investment pockets.
- The
report presents information related to key drivers, restraints, and
opportunities along with challenges of healthcare logistics market.
- The
current market is quantitatively analyzed to highlight the growth scenario
of the healthcare logistics market.
- The
report provides a detailed healthcare logistics market analysis based on
competitive intensity and the competition that will take shape in coming
years.
Questions Answered in the Healthcare Logistics Market
Research Report:
- Who
are the leading market players active in the healthcare logistics market?
- What
would be the detailed impact of COVID-19 on the market?
- What
are the current trends that would influence the market in the next few
years?
- What
are the driving factors, restraints, and opportunities in the healthcare
logistics market?
- What
are the future projections that would help in taking further strategic
steps?
Aspects |
Details |
By Service |
|
By Product |
|
By Region |
|
Key Market Players |
FedEx Corp, United Parcel Service Inc., Air Canada,
AmerisourceBergen Corp, Deutsche Post DHL Group, Cold Chain Technologies LLC,
Kuehne + Nagel International AG, Continental Cargo OU, CEVA Logistics AG,
Schenker AG |
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