The healthcare third-party logistics market is expected to be driven by increasing demand for specialized services, such as cold chain logistics for biopharmaceuticals and medical devices. This growing demand for customized solutions is expected to boost the market growth significantly.
Another major growth driver for the healthcare third-party logistics market is the increasing prevalence of chronic diseases and the aging population. This is expected to fuel the demand for pharmaceuticals and medical devices, thereby driving the need for efficient logistics services to ensure timely and safe delivery to patients.
Rapid advancements in technology, such as the implementation of blockchain and Internet of Things (IoT) in logistics operations, are also expected to drive growth in the healthcare third-party logistics market by improving supply chain visibility and efficiency.
Industry
Report Coverage | Details |
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Segments Covered | Industry, Supply Chain, Service Type |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Cardinal Health, DHL International, Agility, SF Express, Kinesis Medical B.V., United Parcel Service of America,, Barrett Distribution, AmerisourceBergen, DB Schenker, FedEx, KUEHNE + NAGEL, Kerry Logistics Network., Freight Logistics Solutions |
Despite the promising growth prospects, the healthcare third-party logistics market faces certain restraints, such as stringent regulatory requirements and complex compliance standards. This can pose challenges for logistics providers in terms of ensuring adherence to various regulations and standards, leading to operational complexities and increased costs.
Another major restraint for the healthcare third-party logistics market is the increasing competition among logistics providers, which can lead to price wars and margin pressures. This can make it difficult for companies to maintain profitability and sustain growth in the highly competitive market.