Middle East And Africa Healthcare Logistics Market Overview by Segments, Products, Companies, Regions, Statistics,Application, Industry Overview & Forecast
Middle East And Africa Healthcare Logistics Market business report provides exact information about market trends, industrial changes, and consumer behaviour etc. The industry report assists in outlining brand awareness, market landscape, possible future issues, industry trends, and customer behaviour about Healthcare industry which eventually leads to advanced business strategies. Being a verified and reliable source of information, this market research report offers a telescopic view of the existing market trends, emerging products, situations and opportunities that drives the business in the right direction of success. The winning a report has been framed with the proper use of tools like SWOT analysis and Porter’s Five Forces analysis methods.
Data Bridge Market Research analyses that the Middle East And Africa Healthcare Logistics Market is expected to reach the value of USD 4,054.61 million by 2029, at a CAGR of 5.9% during the forecast period. “Non-Cold Chain” accounts for the largest technology segment in the healthcare logistics market non-cold chain as the initial capital cost is low. The healthcare logistics market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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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
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 region has been the major players in the Middle East and Africa 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 in Middle East and Africa.
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 Middle East and Africa 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 analyzing 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.
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Some of the major players operating in the healthcare logistics market are – Agility, C.H. Robinson, AmerisourceBergen Corporation, Air Canada, CEVA logistics, DB Schenker, Deutsche Post DHL Group, FedEx, Burris Logistics, United Parcel Service of America, Inc., VersaCold Logistics Services, Abbott among others.
Middle East and Africa 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 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.
On the basis of technology, the Middle East and Africa healthcare logistics market is segmented into non-cold chain and cold chain.
On the basis of component, the Middle East and Africa healthcare logistics market has been segmented into hardware, software and services.
On the basis of temperature type, the Middle East and Africa healthcare logistics market has been segmented into ambient, chilled/refrigerated, frozen and cryogenic.
On the basis of logistics, the Middle East and Africa healthcare logistics market has been segmented into transportation, packaging, storage and others.
Sea Freight Logistics
Air Freight Logistics
On the basis of logistic type, the Middle East and Africa healthcare logistics market has been segmented into sea freight logistics, air freight logistics, overland logistics and contract logistics.
Bulk Drug Handlers
Chemical & Other Raw Material
Biological Material and Organs
On the basis of application, the Middle East and Africa healthcare logistics market has been segmented into medicine, bulk drug handlers, vaccine, chemical & other raw material, biological material and organs, hazardous cargo and others.
Hospital & Clinics
On the basis of end user, the Middle East and Africa healthcare logistics market has been segmented into biopharmaceutical companies, hospitals & clinics, research institutes and others.
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:- Corporate strategy – Analyst’s summarization of the company’s business strategy.
:- SWOT Analysis – A detailed analysis of the company’s strengths, weaknesses, opportunities and threats.
:- Company history – Progression of key events associated with the company.
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Ultimately, help you to maximize profitability for your company.
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments include product launches, partnerships, mergers, and acquisitions.
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The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.
Assessment of the market
COVID Impact Analysis
Historic Data, Estimates and Forecast
Global and Regional Dynamics
Key Pointers Covered in This Market Research Report:
Market New Sales Volumes
Market Replacement Sales Volumes
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
Key Questions Answered in the Market Report
• How did the COVID-19 pandemic affect the reception of by different statistical surveying and life sciences organizations?
• What is the viewpoint for the effective market during the conjecture time frame?
• What are the key patterns affecting the effect market? How might they impact the market in short-, mid-, and long-haul length?
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This market research report puts a light on various factors that have direct or indirect effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Healthcare industry. This market report identifies as well as analyses the emerging trends along with major driving factors, challenges and opportunities in the market for Healthcare industry.
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