Latest News- Healthcare Logistics Market: Pharmaceutical products is expected to lead the Product segment during 2025-2029

The Healthcare Logistics Market is being driven by Growing global pharmaceutical sales

The Healthcare Logistics Market is expected to grow at a CAGR of 15% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 150.7 billion. In the emerging cold chain markets of Brazil, China, India, and South Africa, regulatory bodies and governments have taken proactive measures to ensure food and drug safety. The China Food and Drug Administration (CFDA) has established a regulatory framework for good supply practices of pharmaceutical products, mandating enterprises to implement stringent quality control practices throughout the drug supply chain, including purchase, storage, transportation, and sales. Similarly, India's Drug and Food Control Order, 2011, lays down guidelines for the establishment and operation of cold chain facilities for pharmaceuticals and perishable food items. These regulations aim to enhance the safety and efficacy of healthcare products and food items by implementing robust cold chain management systems. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Pharmaceutical products
  • Medical devices
• Service
  • Transportation
  • Warehousing
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing global pharmaceutical sales
• Increasing government initiatives
• Rising seaborne pharmaceutical transportation

However, the market also witnesses some limitations, which are as follows:

• Complexities due to time-bound deliveries and customization of supply chain
• Shortage of drivers resulting in higher lead time
• Barriers in cold chain pharmaceutical logistics

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Market Scope in Healthcare Logistics Market Research Report

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Research Analysis Overview

The healthcare logistics market is undergoing digital transformation with the integration of e-commerce and new technology penetration. Third-party logistics providers play a crucial role in freight forwarding and inventory forecasting for healthcare product companies. Order fulfillment and warehousing are key aspects of this supply chain. Raw materials for prevention, diagnosis, treatment, correction, infection, injury, and disease require various modes of transportation such as trucks, trains, boats, and airplanes. Healthcare logistics encompasses the transportation of healthcare products and raw materials for dentistry and other healthcare sectors.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, including inventory forecasting, order fulfillment, warehousing, freight forwarding, and transportation services. According to Technavio, market size is determined by the revenue generated by these providers. Key growth drivers include the surge in cross-border e-commerce activities, digital transformation, and new technology penetration in healthcare logistics. This involves the seamless tracking of branded drugs and other healthcare products from origin to destination.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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