Top 3 Trends Impacting the Global Healthcare Logistics Market Through 2021: Technavio

Technavio has published a new report on the global healthcare logistics market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest market research report on the global healthcare logistics market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Shakti Jakhar, a lead analyst from Technavio, specializing in research on logistics sector, says, “Increase in demand for logistics from APAC and North America, is expected to lead to a steady growth of the healthcare logistics market during the forecast period. In addition, the growing demand for logistics in home-based healthcare and temperature-sensitive pharmaceuticals will contribute to the growth of the market.”

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The top three emerging market trends driving the global healthcare logistics market according to Technavio research analysts are:

  • Provision of end-to-end integrated services
  • New methods of pharmaceutical product delivery and home-based healthcare services
  • Huge scope in emerging economies

Provision of end-to-end integrated services

Several cold chain service providers have recently started to offer end-to-end integrated services, such as road, air, rail, and ocean transportation and warehousing to end-users in the global healthcare logistics market.

Disaster recovery services that enable customers to track consignments and help them communicate with the entire supply chain are also offered by vendors. In addition, some vendors provide training sessions addressing the overall supply chain process, such as managing inventories, storage, shipping, and information system for all the personnel involved in the cold chain logistics.

“The increase in the provision of end-to-end integrated services by vendors is another trend that is expected to have an impact on the global healthcare logistics market during the forecast period,” says Shakti.

New methods of pharmaceutical product delivery and home-based healthcare services

Vendors in the global healthcare logistics market are changing their transportation mode from air to sea for the delivery of medicines/drugs because of certain advantages. One of the major benefits is a 70%-80% reduction in costs. In addition, it provides better temperature control, fewer procedures and clearances, and better visibility of the containers. Another shift is the usage of online services, such as e-health records, remote monitoring, e-prescribing, and mobile health applications. These new features ensure the delivery of medicines directly to patients.

Logistics companies enable the delivery of medical devices and equipment to homes. The demand for these services is expected to rise rapidly during the forecast period because of the advantages they offer.

Huge scope in emerging economies

The cold storage market in emerging economies, such as India and China, is still in its developmental phase. In addition, the population of India and China is very high. The market is witnessing a dynamic growth in developing countries, especially in the BRIC countries and Turkey. In addition, in 2015, India surpassed the US in terms of the total refrigerated capacity by 15 million cubic meters. In 2014, India reported 130 million cubic meters of refrigerated warehouse capacity, while the US reported 115 million cubic meters.

This market growth is expected to be driven by the increase in the deployment of cold chain logistics in India and China. Therefore, the increased demand for cold chain logistics in emerging economies is one of the major trends that is expected to contribute to the growth of the global healthcare logistics market during the forecast period.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest market research report on the global healthcare logistics market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com