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NEW YORK , May 27, 2022 /PRNewswire/ -- The Healthcare Logistics Market size is expected to grow by USD 33.64 billion with a YOY growth of 6.11% during the forecast period. One of the key factors driving the healthcare logistics market growth is the growing global pharmaceutical sales. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.
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This market research report extensively covers Healthcare Logistics Market segmentations by the following:
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Global pharmaceutical sales are one of the primary drivers driving the healthcare logistics market forward. Prescription pharmaceuticals and over-the-counter drugs make up the worldwide pharmaceutical market, which is predicted to rise significantly over the forecast period. The market is being driven by the expanding elderly population as well as new product launches by pharmaceutical companies.
An increasing number of initiatives to promote cold chain logistics are also propelling the healthcare logistics industry forward. In nations like Brazil , China , India , and South Africa , the cold chain market is still in its early stages. As a result, international regulatory agencies and governments from many nations have created several legislations focusing on food and medicine safety in order to support cold chains.
One of the major issues impeding the growth of the healthcare logistics industry is the increased complications caused by time-bound deliveries and supply chain customization. Customers desire shorter lead times, while logistics organizations strive to maintain operational costs as low as possible. Selecting or constructing the correct supply chain model is a significant and critical job. Topography, technological advancements, and region/country-specific legislation and policies all influence logistics difficulties. This makes developing an effective supply chain model difficult for logistics service providers.
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Accelerate at a CAGR of 6.39%
APAC, North America, Europe, South America, APAC, North America, Europe, and South America
China, US, Germany, and Canada
Leading companies, Competitive strategies, Consumer engagement scope
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.
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 forecast period
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The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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