Asia-Pacific Healthcare Logistics Market, By Type (Cold Chain, Non-Cold Chain), Component (Hardware, Software, Services), Temperature Type (Ambient, Chilled/Refrigerated, Frozen, Cryogenic), Logistics (Transportation, Packaging, Storage, Others), Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics, Contract Logistics), Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material, and Organs, Hazardous Cargo, Others), End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes, Others) – Industry Trends and Forecast to 2030.
Asia-Pacific Healthcare Logistics Market Analysis and Size
The increased preference for biological pharmaceuticals as well as the growing tendency of businesses to outsource are the main drivers anticipated to drive market growth. Significant numbers of healthcare items need to be shipped over considerable distances through firms these days. These materials are valuable and delicate. In addition to growing awareness amongst pharmaceutical and logistics companies, the developing market for temperature-sensitive drugs and biological clinical objects is boosting the scope for temperature-controlled healthcare logistics, benefiting the whole healthcare logistics market.
Data Bridge Market Research analyses that the Asia-Pacific healthcare logistics market, which was USD 17,625.52 million in 2022, is likely to reach USD 29,514.27 million by 2030, and is expected to undergo a CAGR of 7.10% during the forecast period. The “cold chain segment” dominates the type segment of the healthcare logistics market due to the advancements in technology. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Cold Chain, Non-Cold Chain), Component (Hardware, Software, Services), Temperature Type (Ambient, Chilled/Refrigerated, Frozen, Cryogenic), Logistics (Transportation, Packaging, Storage, Others), Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics, Contract Logistics), Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material, and Organs, Hazardous Cargo, Others), End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes, Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
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Market Players Covered
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Abbott (U.S.), Entero Healthcare (India), SF Express (China), Alloga (U.K.), NIPPON EXPRESS CO., LTD. (Japan), NICHIREI CORPORATION. (Japan), INGRAM MICRO SERVICES (U.S.), YUSEN LOGISTICS CO., LTD (Japan), BDP INTERNATIONAL (U.S.)
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Market Opportunities
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Market Definition
Healthcare comprises maintenance or improvement of wellness through the conclusion, anticipation, therapy, recuperation, or fix of infection, disease, injury, and different physical and mental impedances in individuals. Healthcare help is addressed with the aid of using fitness experts in allied health fields. Dentistry, pharmacy, nursing, audiology, medicine, optometry, midwifery, psychology, occupational and bodily therapy, and different health professions are all additives to healthcare.
Logistics refers to the general procedure of managing how resources are acquired, stored, and transported to their final destination. It contains figuring out potential distributors and providers and dealing with their effectiveness and accessibility. Hence, healthcare logistics is the logistics of medical and surgical supplies, pharmaceuticals, clinical gadgets and equipment, and different products demanded to assist doctors, nurses, and different healthcare specialists.
Asia-Pacific Healthcare Logistics Market Dynamics
Drivers
- Rapid growth in the e-commerce sector
E-commerce or electronic commerce is the process of buying and selling goods and services over an electronic network or online platform, primarily the Internet. In recent times, the widespread use of e-commerce platforms such as Amazon, Flipkart, and eBay has contributed to substantial growth in online buying and selling of goods. This has provided a platform for consumers to freely purchase healthcare products and use them according to their requirements.
- High benefits offered by third party logistics
Third-party logistics is outsourced with operational logistics from warehousing to delivery, this includes providing a number of services in the supply chain such as freight forwarding, packaging, order fulfilment, inventory forecasting, picking and packing, warehousing, and transportation. Third-party logistics offer a wide range of benefits as it helps the business owners to focus more on the other aspects of business such as product development, marketing, and sales. The high benefits offered by third-party logistics are, therefore, acting as the major factor for boosting the growth of the healthcare logistics market.
Opportunity
- Rising growth in cross border trades and globalization
Globalization is the interdependence of the world's economies, populations, and cultures brought together by cross-border trade in technology, goods, and others. Today, most of the country's economy is highly dependent on buying and selling goods among various countries. Asia-Pacific and North America region has been the major players in Asia-Pacific trade and has a high volume of trade flow that has increased the requirement of logistics service providers to make the flow of trade more convenient and faster. Thus, acting as an opportunity in the healthcare logistics market
Restraints/Challenges
- Congestion Associated With Trade Routes
As traffic volumes and congestion grows on roadways and waterways, freight and transport service operators grow to be increasingly challenged to keep reliable schedules. This affects supply chains and truck-dependent businesses, each of which is of growing significance for both public coverage and private region operators. Moreover, several accidents on roads or oil spills at sea can result in unexpected healthcare logistics restraints. Recent COVID-19 has also halted several logistics operations causing severe damage to entire supply chain operations. These factors act as a significant restraint for the growth of the Asia-Pacific healthcare logistics market.
- High Cost Associated With Reverse Logistics
The cost associated with reverse logistics services offered by various manufacturers and service providers is high. Reverse logistics services are quite popular in the healthcare sector due to the high demand for various healthcare-related products. According to Thomas Publishing Company, Industrial equipment return rates are approximately 4% to 8%, while healthcare equipment has 8% to 20%.
The reason for reverse logistics services being so expensive are a combination of various factors which determine the pricing of these services.
This healthcare logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare logistics market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2022, Nippon Express U.S., Inc., a Group company of Nippon Express Holdings, Inc., has obtained Good Distribution Practice (GDP) certification effective December 20, 2021 for forwarding operations, inclusive of temporary storage, at a temperature-controlled facility in its own CFS near John F. Kennedy International Airport in New York City, evidencing its compliance with GDP standards for the proper distribution of pharmaceuticals. This certification enhances the recognition of the company
- In July 2021, SF Express signed a contract with the Management Committee of Manzhouli Comprehensive Bonded Area to explore the future of multi-format cooperation in the area. This contract helped in improving the recognition of the company
Asia-Pacific Healthcare Logistics Market Scope
The healthcare logistics market is segmented on the basis of type, component, temperature type, logistics, logistic type, application, end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Non-Cold Chain
- Cold Chain
Components
- Hardware
- Services
- Software
Temperature Type
- Ambient
- Chilled/Refrigerated
- Frozen
- Cryogenic
Logistics
- Transportation
- Packaging
- Storage
- Others
Logistics Type
- Overland Logistics
- Sea Freight Logistics
- Air Freight Logistics
- Contract Logistics
Application
- Medicine
- Bulk Drug Handlers
- Vaccine
- Chemical & Other Raw Material
- Biological Material and Organs
- Hazardous Cargo
- Others
End User
- Biopharmaceutical Companies
- Hospital & Clinics
- Research Institutes
- Others
Asia-Pacific Healthcare Logistics Market Regional Analysis/Insights
The healthcare logistics market is analyzed, and market size insights and trends are provided by country, type, component, temperature type, logistics, logistic type, application, and end user, as referenced above.
The countries covered in the healthcare logistics market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
China is expected to dominate the market, this is attributable to the waterway and airway industry flourishing, which is creating higher demand for healthcare logistics services to manage and facilitate the shipments.
Japan is expected to witness the fastest growth during the forecast period due to the increasing growth in logistics. The demand in this region is projected to be driven by the increased demand for forward logistics and reverse logistics.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The healthcare logistics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare logistics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare logistics market. The data is available for historic period 2010-2020.
Competitive Landscape and Asia-Pacific Healthcare Logistics Market Share Analysis
The healthcare logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare logistics market.
Some of the major players operating in the healthcare logistics market are:
- Abbott (U.S.)
- Entero Healthcare (India)
- SF Express (China)
- Alloga (U.K.)
- NIPPON EXPRESS CO., LTD. (Japan)
- NICHIREI CORPORATION. (Japan)
- INGRAM MICRO SERVICES (U.S.)
- YUSEN LOGISTICS CO., LTD (Japan)
- BDP INTERNATIONAL (U.S.)
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