Demand for temperature-sensitive pharmaceutical drugs is accelerating the growth of the Global Healthcare Cold Chain Logistics Market, and it is expected to post a CAGR of 13.31 percent from 2014-2019.
Why is Healthcare Logistics Critical?
Healthcare products such as vaccines, blood plasma products, frozen pharmaceutical drugs, and insulins require specific temperatures to be maintained throughout storage and transportation.
Key Observations Made by Market Analysts
Bringing their insights on market trends, TechNavio analysts observe:
Developing economies are witnessing an increased demand for generic pharmaceutical products. In this scenario, temperature-sensitive healthcare transportation with the use of temperature tags on products becomes a critical need.
The market is witnessing an increase of investments in healthcare logistics to match these requirements and to enhance the supply chain.
Discussing some key facts and trends influencing healthcare logistics:
- One key emerging trend in the market is the emergence of transport vehicles equipped with event logging and electronic monitoring systems.
- The Global Medical Device and Pharmaceuticals markets in these countries are expected to grow at a high rate and account for one-third of the Global Pharmaceuticals market.
- Increased investment in cost-effective technologies in developing markets, especially India, is motivating vendors to enter this region.
Key Regions for Healthcare Logistics Vendors
The growth of the healthcare logistics market works in conjunction with the growing demand for generic pharmaceutical products in developing markets like Brazil, India, Mexico, and Turkey.
China and India have huge stakes in the rapid modernization of healthcare; and, modern healthcare logistics assumes a key role in such initiatives.
Vendors in the Global Healthcare Cold Chain Logistics Market
The Global Healthcare Cold Chain Logistics market is characterized by the presence of many companies at the local, regional, and international levels.
The local players have raised the bar by offering various products at reduced prices, along with innovative solutions for packaging. Some of the prominent vendors include DB Schenker, DHL, FedEx, and UPS.
