Rural Clinical and Healthcare Logistics means specific logistics equipment, technology, and logistics management information system that effectively integrate the upstream and downstream resources of marketing channels. It also improves the order processing by optimizing the operation processes of acceptance, storage, sorting, and distribution in the supply and distribution of pharmaceuticals. Also, the ability to reduce cargo sorting errors, shorten inventory and delivery time, reduce logistics costs, improve service levels, and capital use efficiency, achieve automation, information, and efficiency.
Healthcare logistics provide a transparent and reliable supply chain solutions around the globe. It also helps in transportation management, warehousing, packaging, and value-added services.
The global rural clinical and healthcare logistics market projected to grow over CAGR 5.4% during the forecast period, 2020-2027.The major factors attributed to the surge in demand for pharmaceuticals and medical devices in rural areas. Moreover, the growing demand by manufacturing companies for efficient transporting, warehousing, and distribution of large volumes of pharmaceuticals and medical devices to rural areas will impact the growth of the global rural clinical and healthcare logistics market in the upcoming periods. Additionally, the rise in sales of pharmaceutical products and the growing medical devices industry will trigger the global rural clinical and healthcare logistics market size. Also, upsurge in demand for household healthcare products and the rising importance of fast track assistance will boost the market growth in the future periods.
Damaged products and medicines that are not kept under the specified temperature environment can quickly cause life-threatening conditions. Therefore, reliability is particularly critical in the transportation of medical products. The integrity of healthcare products through special handling and monitoring, including full shipment tracking, closed cold chain transportation solutions for biological drugs, and strict compliance with all laws and regulations. Furthermore, the technological advancements in healthcare logistics such as products can track with GPS, coupled with remote temperature monitoring following GDP guidelines, ensuring safe transportation and delivery of the products will lead to the growth of the market. Also, the growing implementation of blockchain technology in healthcare logistics for cost-efficient and effective will spur the global rural clinical and healthcare logistics market growth in the analysis period.
The supply chain has become a part of the Internet of Things, which is a significant technological change sweeping the global healthcare service network. The various links of the supply chain are connected, and parcels can be tracked and monitored. The items transported by the healthcare industry are very important, susceptible, and difficult to replace. It is impossible to remove the replacement from the storage shelf and then send it out overnight. As drugs become more personalized, and their efficacy becomes more and more significant, it is necessary to be able to understand the status of medical products during transportation fully.
The future of the global healthcare industry lies in the construction of an intelligent healthcare supply chain that extends in all directions. It needs to meet the requirements of high efficiency, flexibility, convenience, regulation, and economic viability.
Based on service, the global rural clinical and healthcare logistics market classified transportation and warehouse. The transportation segment will witness significant growth in the forecast period. It is primarily attributed to transport that involves the movement of pharmaceutical products and medical devices using different modes of transport, such as air, water, and land support.
The warehouse segment will grow with a lucrative rate in the forecast period owing to it provides picking, storage, retrieval systems, and handling systems of healthcare and medical devices products.
Based on application, the global rural clinical and healthcare logistics market segregated into Medical device & equipment, Vaccines and biotech, Medical disposables, Vision Care, and Pharmaceuticals & OTC. The pharmaceuticals & OTC segment held a lucrative share in 2019 and projected to dominate the global rural clinical and healthcare logistics market by 2027. It is due to the rising awareness regarding health consciousness in rural areas and increasing demand for household healthcare products.
The Vaccines and biotech will be the fastest-growing segment in the forecast period. It is owing to various government initiatives for freely providing infectious diseases’ vaccines like plague and flu.
Based on geography, the global Rural Clinical and Healthcare Logistics market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to occupy the lion’s share in the rural clinical and healthcare logistics market by 2027. It is owing to rapid economic growth in developing countries that lead to high demand for medicines due to the growing geriatric population and increased spending to improve logistics infrastructure.
North America captured a prominent share in 2019 and projected to remain dominant by 2027. The presence of a large number of key players in the region and huge expenditure on the healthcare system by governments.
Companies such as AmerisourceBergen Corp., CEVA Logistics AG, C.H. Robinson Worldwide, Inc., Cold Chain Technologies LLC, DB Schenker, Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, and United Parcel Service, Inc. are the key players in the global rural clinical and healthcare logistics market.