Asia-Pacific Healthcare Logistics Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Published Report
  • May 2022
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 45
  • No of Figures: 31

Asia-Pacific Healthcare Logistics Market, By Type (Cold Chain and Non-Cold Chain), Component (Hardware, Software, and Services), Temperature Type (Ambient, Chilled/Refrigerated, Frozen and Cryogenic), Logistics (Transportation, Packaging, Storage, and Others), Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics, and Contract Logistics), Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material, and Organs, Hazardous Cargo and Others), End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes, and Others) Industry Trends and Forecast to 2029.

Asia-Pacific Healthcare Logistics Market

Asia-Pacific Healthcare Logistics Market Analysis and Size

Logistics is utilized in the healthcare industry to control the manner resources are kept, obtained, and transferred. The effective use of logistics in this business aids in the continual transport of pharmaceuticals, devices, and systems from vendors and providers positioned throughout the country. Hospitals and clinics, in addition to wholesalers of clinical objects and big pharmacy retail chains, make up the healthcare industry.

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. The developing market for temperature-sensitive drugs and biological clinical objects, in addition to growing awareness amongst pharmaceutical and logistics companies, is boosting the scope for temperature-controlled healthcare logistics, benefiting the whole healthcare logistics market.   

Data Bridge Market Research analyses that the healthcare logistics market is expected to reach the value of USD 29,514.27 million by 2029, at a CAGR of 7.1% during the forecast period. “Non-Cold Chain" accounts for the largest technology segment in the healthcare logistics market non-cold chain as the increase in growth of logistics through airways and water ways. The healthcare logistics market report also covers pricing analysis, patent analysis, and technological advancements in depth.      

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

By Type (Cold Chain and Non-Cold Chain), By Component (Hardware, Software and Services), By Temperature Type (Ambient, Chilled/Refrigerated, Frozen and Cryogenic), By Logistics (Transportation, Packaging, Storage and Others), By Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics and Contract Logistics), By Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material And Organs, Hazardous Cargo and Others), By End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes and Others)

Countries Covered

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Taiwan, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

Market Players Covered

Abbott, Entero Healthcare, SF Express, Alloga, NIPPON EXPRESS CO., LTD., NICHIREI CORPORATION.,  INGRAM MICRO SERVICES, YUSEN LOGISTICS CO., LTD and BDP INTERNATIONAL among others.

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.

Healthcare logistic management is used for various modes of transportation such as roadways, railways, marine, and airways. The freight movement done through the path of roads is termed under the segment. It is the most common type of transportation mode as it requires single customs document process. The Railway mode of transportation is highly fuel-efficient and can be termed as a ‘green’ mode of transportation. Marine shipments are used for the movement of bulk commodities. Airways are the fastest mode of transportation and are highly used to achieve ‘just-in-time’ (JIT) inventory replenishment in healthcare logistics.  

Healthcare Logistics Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • 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 fulfillment, 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 global healthcare logistics market.    

  • 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, it is boosting the growth in the healthcare logistics market globally. 

  • 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%. Total U.S. revenue impacted by returns is estimated between USD 52 Million and USD 106 Million.

The reason for reverse logistics services being so expensive are a combination of various factors which determine the pricing of these services.

  • Concerns Related To Inventory Management in Healthcare Logistics

Inventory management is the process of ordering, storing, and selling a company's products and maintaining its logs. This includes the management of raw materials, components, and finished products and warehousing and processing of returned items.

Inventory is a company's most valuable asset. Adopting inventory management can increase productivity, reduce costs, mitigate risks, improve customer satisfaction, cut costs, and maximize return on assets. However, inventory management has become quite difficult tricky for healthcare logistics services providers.

  • Inclination Towards Digitalization Of The Sector

Digital transformation is referred to the changes that a business undergoes by adopting digital technology. It has become a necessity for transportation and logistics to give extreme importance to optimization, efficiency, speed, and timing. The changing scenario in the market and upcoming new trends have made it highly important for the transportation industry to go under digital transformation. Healthcare logistics companies use mobile devices to improve agility. Moreover, the mobile apps help the customers to order, process, and track return shipments at any time. This growing digital transformation of the logistics industry is thus boosting the growth of the healthcare logistics market.

  • Inadequate Labour Resources To Handle Return

The overall supply chain management process involves analysing a large amount of data and a large number of returns. Due to rapid growth in the E-commerce sector, the workforce needs to take the necessary steps at the right time. The information provided needs to be well-executed in order to provide optimum results and quality of services.

However, lack of skilled workers and training to the employees can lead to several errors causing inefficiency in the services offered, acting as a major challenge for the growth in the healthcare logistics sector. This can be a major setback as customer satisfaction is everything in the healthcare logistic sector. The workforce working in healthcare logistics must be trained in identifying specific serial or part numbers. Moreover, the workforce must know the authoritative inventory, warranty policy, and accounting information housed in their central enterprise resource planning (ERP) system, but it's difficult to find a skilled workforce to handle healthcare product returns.

Post COVID-19 Impact on Healthcare logistics Market

COVID-19 created a major impact on the healthcare logistics market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.

The growth of the healthcare logistics market is increase in growth of logistics through airways and water ways and rapid growth in the e-commerce sector across the world. However, factors such as concerns related to inventory management in healthcare logistics are restraining the market growth. The shutdown of production facilities during the pandemic situation has had a significant impact on the market.

Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the healthcare logistics. With this, the companies will bring advanced and accurate controllers to the market. In addition, the use of healthcare logistics by government authorities in sea freight logistics, air freight logistics, overland logistics and contract logistics has led to the market's growth.

Recent Developments

  • 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, application, components, temperature type, logistics, logistics type and end user. The growth amongst these segments will help you analyse 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

On the basis of type, the Asia-Pacific healthcare logistics market is segmented into non-cold chain and cold chain.

Components

  • Hardware
  • Services
  • Software

On the basis of component, the Asia-Pacific healthcare logistics market has been segmented into hardware, software and services.

Temperature Type

  • Ambient
  • Chilled/Refrigerated
  • Frozen
  • Cryogenic

On the basis of temperature type, the Asia-Pacific healthcare logistics market has been segmented into ambient, chilled/refrigerated, frozen and cryogenic.

Logistics

  • Transportation
  • Packaging
  • Storage
  • Others

On the basis of logistics, the Asia-Pacific healthcare logistics market has been segmented into transportation, packaging, storage and others.

Logistics Type 

  • Overland Logistics
  • Sea Freight Logistics
  • Air Freight Logistics
  • Contract Logistics

On the basis of logistic type, the Asia-Pacific healthcare logistics market has been segmented into sea freight logistics, air freight logistics, overland logistics and contract logistics.

Application

  • Medicine
  • Bulk Drug Handlers
  • Vaccine
  • Chemical & Other Raw Material
  • Biological Material and Organs
  • Hazardous Cargo
  • Others

On the basis of application, the Asia-Pacific healthcare logistics market has been segmented into medicine, bulk drug handlers, vaccine, chemical & other raw material, biological material and organs, hazardous cargo and others.

End User 

  • Biopharmaceutical Companies
  • Hospital & Clinics
  • Research Institutes
  • Others

On the basis of end user, the Asia-Pacific healthcare logistics market has been segmented into biopharmaceutical companies, hospitals & clinics, research institutes and others.

Healthcare Logistics Market Regional Analysis/Insights

The healthcare logistics market is analysed and market size insights and trends are provided by country, type, application, components, temperature type, logistics, logistics type and end user as referenced above.

The countries covered in the healthcare logistics market report China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China dominates the Asia-Pacific healthcare logistics market, this is attributable to the waterway and airway industry will flourish, it is creating higher demand for healthcare logistics services to manage and facilitate the shipments. In addition, Increasing growth in logistics acts as a major driving factor for healthcare logistics in Japan. 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 market regulation that impact 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.   

Competitive Landscape and 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, Entero Healthcare, SF Express, Alloga, NIPPON EXPRESS CO., LTD., NICHIREI CORPORATION., INGRAM MICRO SERVICES, YUSEN LOGISTICS CO., LTD and BDP INTERNATIONAL among others.

Research Methodology: Asia-Pacific Healthcare Logistics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Asia-Pacific versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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TABLE 1 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 2 ASIA PACIFIC NON-COLD CHAIN IN HEALTHCARE LOGISTICS MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 3 ASIA PACIFIC COLD CHAIN IN HEALTHCARE LOGISTICS MARKET, BY REGION, 2020-2029 (USD MILLION)

TABLE 4 ASIA PACIFIC COLD CHAIN IN HEALTHCARE LOGISTICS MARKET, BY STORAGE TECHNIQUES, 2020-2029 (USD MILLION)

TABLE 5 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY COMPONENTS, 2020-2029 (USD MILLION)

TABLE 6 ASIA PACIFIC HARDWARE IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 7 ASIA PACIFIC HARDWARE IN HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 8 ASIA PACIFIC SERVICES IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 9 ASIA PACIFIC SERVICES IN HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 10 ASIA PACIFIC SOFTWARE IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 11 ASIA PACIFIC SOFTWARE IN HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 12 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY TEMPERATURE TYPE, 2020-2029 (USD MILLION)

TABLE 13 ASIA PACIFIC AMBIENT IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 14 ASIA PACIFIC CHILLED/REFRIGERATED IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 15 ASIA PACIFIC FROZEN IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 16 ASIA PACIFIC CRYOGENIC IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 17 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY LOGISTICS, 2020-2029 (USD MILLION)

TABLE 18 ASIA PACIFIC TRANSPORTATION IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 19 ASIA PACIFIC PACKAGING IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 20 ASIA PACIFIC STORAGE IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 21 ASIA PACIFIC OTHERS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 22 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY LOGISTICS TYPE, 2020-2029 (USD MILLION)

TABLE 23 ASIA PACIFIC OVERLAND LOGISTICS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 24 ASIA PACIFIC SEA FREIGHT LOGISTICS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 25 ASIA PACIFIC AIR FREIGHT LOGISTICS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 26 ASIA PACIFIC CONTRACT LOGISTICS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 27 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY PRODUCT, 2020-2029 (USD MILLION)

TABLE 28 ASIA PACIFIC BRANDED DRUGS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 29 ASIA PACIFIC GENERIC DRUGS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 30 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY APPLICATION, 2020-2029 (USD

TABLE 31 ASIA PACIFIC MEDICINE IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 32 ASIA PACIFIC MEDICINE IN HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 33 ASIA PACIFIC SPECIALITY MEDICINES IN HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 34 ASIA PACIFIC REGENERATIVE MEDICINE IN HEALTHCARE LOGISTICS MARKET, BY TYPE, 2020-2029 (USD MILLION)

TABLE 35 ASIA PACIFIC BULK DRUG HANDLERS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 36 ASIA PACIFIC VACCINE IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 37 ASIA PACIFIC CHEMICAL & OTHER RAW MATERIAL IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 38 ASIA PACIFIC BIOLOGICAL MATERIAL AND ORGANS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 39 ASIA PACIFIC HAZARDOUS CARGO IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 40 ASIA PACIFIC OTHERS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 41 ASIA PACIFIC HEALTHCARE LOGISTICS MARKET, BY END USER, 2020-2029 (USD MILLION)

TABLE 42 ASIA PACIFIC BIOPHARMACEUTICAL COMPANIES IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 43 ASIA PACIFIC HOSPITAL & CLINICS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

TABLE 44 ASIA PACIFIC RESEARCH INSTITUTES IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (USD MILLION)

TABLE 45 ASIA PACIFIC OTHERS IN HEALTHCARE LOGISTICS MARKET, BY REGION,2020-2029, (MILLION)

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Frequently Asked Questions

The Asia-Pacific Healthcare Logistics Market will be projected to grow at a CAGR of 7.1% during forecast by 2029.
The Asia-Pacific Healthcare Logistics Market will be projected at USD 29,514.27 million during forecast by 2029.
The major players operating in the Asia-Pacific Healthcare Logistics Market are Abbott, Entero Healthcare, SF Express, Alloga, NIPPON EXPRESS CO., LTD., NICHIREI CORPORATION., INGRAM MICRO SERVICES, YUSEN LOGISTICS CO., LTD and BDP INTERNATIONAL among others.
On the basis of product, the Asia-Pacific Healthcare Logistics Market is segmented into Generic Drugs And Branded Drugs.