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 the 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.

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As, New Zealand and Australia is an E-Commerce Market that is characterized by high cross-border spending, good uptake of e-commerce events. Various factors contribute to the growth of e-commerce, such as internet penetration, the rise in smartphone users, and social media influence, among others. Moreover, government initiatives to boost the e-commerce sector are also a major reason for the growth. In various regions, governments have taken various steps to boost e-commerce.

Data Bridge Market Research analyses that the Australia and New Zealand Healthcare Logistics Market is expected to grow at a CAGR of 7.6% in the forecast period of 2023 to 2030 and is expected to reach USD 843.59 million by 2030, and New Zealand healthcare logistics market is expected to grow at a CAGR of 5.5% in the forecast period of 2023 to 2030 and is expected to reach USD 108.03 million by 2030. The rising growth in cross border trade and globalization is enhance the growth of the market.

HIGH BENEFITS OFFERED BY THIRD PARTY LOGISTICS

Third party logistics is basically outsourced with operational logistics from warehousing to the delivery, this includes providing a number of services in the supply chain such as freight forwarding, packaging, order fulfillment, inventory forecasting, picking and packing, warehousing and transportation. Third party logistics offer 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 Australia & New Zealand healthcare logistics market.

Report Scope and Market Segmentation

Segment Analysis:

The Australia and New Zealand healthcare logistics market is segmented into six notable segments, which are based on services, temperature type, logistic type, application, end user, and distribution channel.

• On the basis of services, the Australia and New Zealand healthcare logistics market has been segmented into transportation, packaging, storage and warehousing, monitoring and others.

In 2023, the transportation segment is anticipated to dominate the Australia and New Zealand Healthcare Logistics Market

In 2023, the transportation segment is expected to dominate the Australia and New Zealand healthcare logistics market, as transportation is a critical component of the overall process of moving goods from one place to another. It involves the physical movement of goods, materials, and products from the point of origin to the point of consumption, often across multiple modes of transportation, including air, sea, rail, and road.

• On the basis of temperature, the Australia and New Zealand healthcare logistics market has been segmented into hardware, software and services. Hardware is further sub-segmented into ambient, chilled/refrigerated, frozen, and cryogenic. In 2023, Ambient segment is expected to dominate the Australia healthcare logistics market with 44.06% and 44.98% market share
• On the basis of logistic type, the Australia and New Zealand healthcare logistics market has been segmented into sea freight logistics, air freight logistics, and overland logistics. In 2023, Overland Logistics is expected to dominate the Australia healthcare logistics market with 46.41% and 47.14 market share
• On the basis of application, the Australia and New Zealand healthcare logistics market has been segmented into vaccines, biological specimens and organs, bulk drugs and medicines, medical devices, patient logistics, hazardous cargo, and others. In 2023, Medicine segment is expected to dominate the Australia healthcare logistics market with 37.36% and 37.79% market share
• On the basis of end user, the Australia and New Zealand healthcare logistics market has been segmented into hospitals & clinics, biopharmaceutical companies, medical devices companies, reference and diagnostic laboratories, academic and research institutes, emergency medical services companies, others. In 2023, the Biopharmaceutical Companies segment is expected to dominate the Australia healthcare logistics market with 33.02% and 33.64% market share
• On the basis of distribution channel, the Australia and New Zealand healthcare logistics market has been segmented into third-party, conventional logistics. In 2023, third party segment is expected to dominate the Australia healthcare logistics market with 68.72% and 68.89% market share

Major Players

Some of the major players operating in the type segment are ACFS Port Logistics Pty Ltd., United Parcel Service of America, Inc., Logistics Bureau Pty Ltd., A.P. MOLLER-MAERSK, Linfox Pty Ltd, KERRY LOGISTICS NETWORK LIMITED, Kuehne+Nagel, DSV, CEVA logistics, Rhenus Group, Deutsche Post AG, Toll Holdings Limited., DB Schenker, FedEx, EBOS Group Limited, C.H. Robinson Worldwide, Inc., YUSEN LOGISTICS CO., LTD, CRYOPDP, MTF Logistics Pty Ltd, Pik Pak among others.

Market Development

• In February 2023, ACFS Port Logistics Pty Ltd. announced that it had partnered with sany heavy forklifts. This collaboration helps the organization in developing more product portfolio and also helps in generating revenue
• In February 2023, DSV participates in a research project to electrify road freight. This helps the organization strengthen its services category
• In December 2022, ACFS Port Logistics Pty Ltd. announced the new 10,000 sqm warehouse expansion in stage 5. This will help the organization in developing more revenue
• In November 2022, DSV announced that it had collaborated with Gymshark to meet growing international sales, complex supply chain requirements and customer expectations. This helps in strengthen the company revenue
• In September 2022, United Parcel Service of America, Inc announced that it had acquired Multinational Healthcare Logistics Provider Bomi Group. This helps the organization in generating more revenue

Regional Analysis

Geographically, the countries covered in the healthcare logistics market report are Australia and New Zealand.

As per Data Bridge Market Research analysis:

North America is the dominant region in the healthcare logistics market during the forecast period 2023 - 2030

In 2023, the North America segment is expected to dominate the global healthcare logistics market with a 36.52% market share due to the presence of major market players and increased technological advancement in the region. 

Asia-Pacific is estimated to be the fastest growing region in the healthcare logistics market in the forecast period 2023 - 2030

Asia-Pacific is expected to grow during the forecast period due to the rapid increase in E-Commerce Sector.

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