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Healthcare Logistics Market by Service, Product, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR41077
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The healthcare logistics market share is expected to increase by USD 33.64 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.39%.

This healthcare logistics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers healthcare logistics market segmentation by product (pharmaceutical products and medical devices), service (transportation and warehousing), and geography (APAC, North America, Europe, and South America). The healthcare logistics market report also 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, and United Parcel Service Inc. among others.

What will the Healthcare Logistics Market Size be During the Forecast Period?

Healthcare Logistics Market Size

Download the Free Report Sample to Unlock the Healthcare Logistics Market Size for the Forecast Period and Other Important Statistics

 

Healthcare Logistics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing global pharmaceutical sales is notably driving the healthcare logistics market growth, although factors such as the increased complexities due to time-bound deliveries and customization of supply chain may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare logistics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Healthcare Logistics Market Driver

One of the key factors driving the healthcare logistics market growth is the growing global pharmaceutical sales. The global pharmaceutical market includes prescription drugs and over-the-counter drugs and is expected to witness substantial growth during the forecast period. The growing geriatric population and new product launches by pharmaceutical manufacturers are the major factors driving the market growth. For instance, according to the World Bank, the percentage of the population aged 65 years and above reached 9.09% in 2019 from 8.6% in 2017. The growing number of the older population is expected to increase the sales of prescription drugs. There is a rise in the aging population in the world and demand for improved products and augmented services are the two prominent factors driving the increasing adoption of and access to modern healthcare products and services. In addition, factors such as increasing healthcare awareness and growing medicinal knowledge among people with the help of the internet are increasing the sales of over-the-counter drugs. By understating the consumer requirements, over-the-counter drug manufacturers are introducing specific medicine for treating minor ailments, which, in turn, increases their sales. The growth in pharmaceutical sales is expected to increase the demand for

Key Healthcare Logistics Market Trend

Another key factor driving healthcare logistics market growth is the growing number of initiatives to promote cold chain logistics. The cold chain market in countries such as Brazil, China, India, and South Africa is in the emerging stage. Therefore, to promote cold chains, international regulatory bodies and governments of various countries introduced several regulations that focus on food and drug safety. Many laws and regulations were formulated for strictly controlling and supervising the cold chain pharmaceutical and food production and management. A few policies and regulations formulated to promote the cold chain include China Food and Drug Administration (CFDA) formulated a set of basic rules for good supply practices of pharmaceutical products. This law mandated enterprises to take effective quality control practices in drug purchase, storage, transportation, and sales. In 2019, A trading platform was launched for China-Singapore international cold chain products. This will help facilitate trade between China's western region and Southeast Asia. It will meet the demand of third-party service providers, such as payment companies and cross-border logistics companies, while also dealing with customs declaration and complete logistics chain tracing.

Key Healthcare Logistics Market Challenge

Increased complexities due to time-bound deliveries and customization of supply chain is one of the key challenges hindering the healthcare logistics market growth. Selecting or formulating the right supply chain model is a vital and critical job, as customers prefer shorter lead times, whereas logistics companies seek to keep the operational cost as low as possible. Healthcare supplies require special care and attention, specific packaging, and a customized supply chain for sustaining the physical and chemical properties of the products. Logistics complexities vary with infrastructure based on topography, technological advances, and region/country-specific regulations and policies. This makes it difficult for logistics service providers to formulate an effective supply chain model. The high criticality of healthcare supplies requires an agile and responsive supply chain to reduce lead time. In addition, the difference between rural and urban areas in terms of infrastructure required for an efficient logistics network also makes the designing of a supply chain model highly complex. This will restrict the growth of the global healthcare logistics market during the forecast period.

This healthcare logistics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global healthcare logistics market as a part of the global air freight and logistics. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the healthcare logistics market during the forecast period.

Who are the Major Healthcare Logistics Market Vendors?

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.

 

This statistical study of the healthcare logistics market encompasses successful business strategies deployed by the key vendors. The healthcare logistics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The healthcare logistics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Healthcare Logistics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the healthcare logistics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Healthcare Logistics Market?

Healthcare Logistics Market Market segmentation by region

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43% of the market's growth will originate from APAC during the forecast period. China is the key market for healthcare logistics in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The estimated rise in healthcare spending can bring many opportunities for both pharmaceutical manufacturers and healthcare logistics vendors, thereby boosting the demand of healthcare logistics in APAC during the forecast period. This will facilitate the healthcare logistics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Healthcare Logistics Market?

Healthcare Logistics Market Segmentation

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The healthcare logistics market share growth by the pharmaceutical products will be significant during the forecast period. Pharmaceutical products include branded drugs, generic drugs, and other vaccines. The growth in new drug approvals is expected to increase the demand for pharmaceutical logistics. Hence, logistics players can easily convert or set up their existing logistics or warehouse units for new products based on the requirement of pharmaceutical manufacturers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare logistics market size and actionable market insights on post COVID-19 impact on each segment.

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 2021-2025

$ 33.64 billion

Market structure

Fragmented

YoY growth (%)

6.11

Regional analysis

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 the forecast period

Customization purview

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What are the Key Data Covered in this Healthcare Logistics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare logistics market growth during the next five years
  • Precise estimation of the healthcare logistics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare logistics industry across APAC, North America, Europe, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare logistics market vendors

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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 17: Pharmaceutical products - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Pharmaceutical products - Year-over-year growth 2020-2025 (%)
    • 5.4 Medical devices - Market size and forecast 2020-2025
      • Exhibit 19: Medical devices - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Medical devices - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Market Segmentation by Service

    • 6.1 Market segments
      • Exhibit 22: Service - Market share 2020-2025 (%)
    • 6.2 Comparison by Service
      • Exhibit 23: Comparison by Service
    • 6.3 Transportation - Market size and forecast 2020-2025
      • Exhibit 24: Transportation - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 25: Transportation - Year-over-year growth 2020-2025 (%)
    • 6.4 Warehousing - Market size and forecast 2020-2025
      • Exhibit 26: Warehousing - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 27: Warehousing - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Service
      • Exhibit 28: Market opportunity by Service

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 30: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 31: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 32: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 34: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 MEA - Market size and forecast 2020-2025
      • Exhibit 38: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 39: MEA - Year-over-year growth 2020-2025 (%)
    • 8.7 South America - Market size and forecast 2020-2025
      • Exhibit 40: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 42: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 43: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 44: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • Exhibit 46: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 47: Landscape disruption
          • Exhibit 48: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 50: Market positioning of vendors
          • 11.3 Air Canada
            • Exhibit 51: Air Canada - Overview
            • Exhibit 52: Air Canada - Business segments
            • Exhibit 53: Air Canada - Key offerings
            • Exhibit 54: Air Canada - Segment focus
          • 11.4 AmerisourceBergen Corp.
            • Exhibit 55: AmerisourceBergen Corp. - Overview
            • Exhibit 56: AmerisourceBergen Corp. - Business segments
            • Exhibit 57: AmerisourceBergen Corp. – Key news
            • Exhibit 58: AmerisourceBergen Corp. - Key offerings
            • Exhibit 59: AmerisourceBergen Corp. - Segment focus
          • 11.5 CEVA Logistics AG
            • Exhibit 60: CEVA Logistics AG - Overview
            • Exhibit 61: CEVA Logistics AG - Business segments
            • Exhibit 62: CEVA Logistics AG - Key offerings
            • Exhibit 63: CEVA Logistics AG - Segment focus
          • 11.6 Cold Chain Technologies LLC
            • Exhibit 64: Cold Chain Technologies LLC - Overview
            • Exhibit 65: Cold Chain Technologies LLC - Product and service
            • Exhibit 66: Cold Chain Technologies LLC - Key offerings
          • 11.7 Continental Cargo OU
            • Exhibit 67: Continental Cargo OU - Overview
            • 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

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Healthcare Logistics Market market growth will increase by $33.64 bn during 2021-2025.
            The healthcare logistics market market is expected to grow at a CAGR of 6.39% during 2021-2025.
            Technavio has segmented the healthcare logistics market market by product (pharmaceutical products and medical devices) ,service (transportation, warehousing, Europe, MEA, and South America) , and geography (APAC, North America, Europe, South America, and APAC).
            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. are a few of the key vendors in the healthcare logistics market market.
            APAC will register the highest growth rate of 43% among the other regions. Therefore, the healthcare logistics market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the healthcare logistics market market growth are:
            • growing global pharmaceutical sales
            • Growing number of initiatives to promote cold chain logistics
            The healthcare logistics market market vendors should focus on grabbing business opportunities from the pharmaceutical products segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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