The global healthcare logistics market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
Technavio has announced its latest market research report on the global healthcare logistics market, under its logistics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like DB Schenker, Deutsche Post DHL, KUEHNE+NAGEL, CEVA Holdings, and FedEx.
According to Sharan Raj, a lead analyst for logistics research at Technavio, “To increase their revenue and market share, logistics companies are focusing on reframing their logistics strategies. They are trying to achieve this by improving packaging and delivery systems, entering quality agreements with partner firms, and keeping an account of each product based on the temperature it requires.”
The common challenges faced by many logistics vendors in the healthcare logistics sector are maintaining constant temperatures and dealing with highly complex supply chains during manufacturing. Logistics vendors have great potential for improving their services by providing efficient systems to cater to the temperature-sensitive pharma segment of healthcare.
Provision of end-to-end integrated services
Logistics 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. The increase in the provision of end-to-end integrated services by vendors is a trend that is expected to reflect positively on the growth of the global healthcare logistics market during the forecast period.
Evolving packaging solutions and technology investment in cold chain logistics
Cold chain operators must continually upgrade technology to ensure integrity, efficiency, and safety. This includes both front-end devices and back-end IT infrastructure to gather and report key shipment data in real time. For instance, cold chain carriers have increased the use of on-board equipment built into refrigeration units to track location and temperature and to make these data available to shippers and third-party logistics in real time. This provides opportunity and visibility to shippers to prevent or mitigate loss.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Healthcare Logistics Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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