Report ID: SQMIG35D2241
Report ID:
SQMIG35D2241 |
Region:
Global |
Published Date: October, 2024
Pages:
212
|
Tables:
116 |
Figures:
76
Healthcare Logistics Market Drivers
Growing Demand for Medicine and Biology
Growing demand for pharmaceuticals, biopharmaceuticals and personalized medicines is a major factor driving the market. Biologics, which require precise temperature control during storage and transportation, are particularly driving the demand for cold chain logistics solutions. The healthcare logistics market has seen an increase in technologies and infrastructure that ensure safe and timely delivery of medical supplies.
Technological Advances in Logistics Solutions
Blockchain technology provides transparency and traceability throughout the supply chain, reducing risks such as medicines. IoT-enabled devices allow real-time monitoring of temperature and humidity ensuring compliance with stringent regulatory standards for pharmaceutical products. The integration of advanced technologies such as IoT, blockchain and artificial intelligence (AI) is transforming healthcare logistics.
Healthcare Logistics Market Restraints
Complex Legal and Compliance Challenges
Navigating these regulations can be a challenge for shippers, especially when dealing with the cross-border shipments. The health care system is subject to stringent regulations and compliance requirements, which vary across industries and the products. For example, pharmaceuticals must adhere to the Good Distribution Practices (GDP), while biologics often require compliance with more complex guidelines.
High Cost of Cold Chain Collection
Biologics and vaccines often require the storage and transportation at specific temperatures, which necessitates the use of expensive equipment, such as the temperature-controlled containers, monitoring devices, and refrigeration units. High costs associated with cold chain logistics are a significant limitation for the healthcare logistics market. Smaller firms and regions with limited resources may struggle to adopt these advanced logistics solutions, potentially hampering market growth, especially in the developing countries.
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Report ID: SQMIG35D2241