Press release
Procurement Intelligence for Clinical Logistics Market Set to Grow at a 8% CAGR from 2024 to 2032
The global healthcare industry has witnessed unprecedented growth over the past decade, spurred by technological advancements, an aging population, and a surge in chronic diseases. Within this expansive domain, the clinical logistics market has emerged as a crucial segment, ensuring the seamless movement of medical goods, equipment, and specimens. This market plays an indispensable role in the functioning of healthcare services, including clinical trials, patient care, and research and development activities.
Clinical logistics refers to the strategic planning, implementation, and control of the flow of healthcare products, services, and information within and across healthcare facilities. It encompasses services such as:
Transportation of pharmaceutical products, medical devices, and biological samples.
Storage and warehousing of temperature-sensitive goods.
Supply chain management for clinical trials.
Free Sample Copy: https://www.marketresearchfuture.com/cat-intel/sample_request/97
Key Players
Leading Companies in the Clinical Logistics Market
DHL Supply Chain
Kuehne + Nagel
World Courier
UPS Healthcare
FedEx Logistics
CEVA Logistics
Panalpina (now part of DSV)
Geodis
C.H. Robinson
DB Schenker
Key Market Drivers
1. Growth in Clinical Trials
The pharmaceutical and biotechnology sectors are experiencing a surge in clinical trial activities, particularly for vaccines, biologics, and personalized medicines. These trials require efficient logistics solutions to manage the transportation and storage of investigational drugs, specimens, and related materials.
2. Advancements in Cold Chain Logistics
The proliferation of biologics and biosimilars, which are highly sensitive to temperature changes, has necessitated the development of robust cold chain logistics. Innovations in packaging, monitoring technologies, and temperature-controlled transportation are bolstering the market.
3. Rising Demand for Home Healthcare Services
The shift towards home-based healthcare services, driven by patient preference and cost-effectiveness, has increased the demand for last-mile logistics solutions. This includes the delivery of medical supplies and equipment directly to patients' homes.
4. Regulatory Compliance
Stringent regulatory requirements for the transportation and storage of medical goods are compelling logistics providers to adopt advanced solutions. This ensures compliance with guidelines such as the Good Distribution Practices (GDP) and the Good Manufacturing Practices (GMP).
Read Full Cat-int Report: https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-clinical-logistics-market
Key Challenges
1. High Operational Costs
The implementation of advanced technologies, coupled with the need for specialized equipment for temperature-sensitive goods, significantly increases operational costs.
2. Regulatory Barriers
Compliance with varying international and regional regulations poses a challenge for logistics providers. Non-compliance can result in delays, penalties, or loss of goods.
3. Supply Chain Disruptions
Natural disasters, geopolitical tensions, and pandemics can disrupt supply chains, impacting the timely delivery of critical medical supplies.
4. Lack of Skilled Workforce
The sector requires a workforce skilled in handling specialized logistics operations, particularly in areas such as cold chain management and regulatory compliance.
Future Trends
1. Integration of Technology
The adoption of advanced technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) is transforming the clinical logistics market. These technologies enhance real-time tracking, ensure supply chain transparency, and optimize operations.
2. Focus on Sustainability
With growing awareness about environmental sustainability, companies are adopting eco-friendly practices such as using electric vehicles for transportation and reducing packaging waste.
3. Expansion in Emerging Markets
Emerging economies in Asia, Africa, and Latin America are witnessing a surge in healthcare investments, creating opportunities for clinical logistics providers to expand their footprint.
4. Growth in Decentralized Clinical Trials (DCTs)
The rise of decentralized clinical trials, where patient data is collected remotely, is increasing the need for efficient logistics solutions to deliver study materials directly to participants.
Read More:
"Category Intelligence Polypropylene Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-polypropylene-market
"Category Intelligence Aluminium Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-aluminium-market
"Category Intelligence Carbon Steel Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-carbon-steel-market
"Category Intelligence Copper And Copper Semis Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-copper-and-copper-semis-market
"Category Intelligence External Audit Services Market
nEnhancing Supply Chain Management And Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-external-audit-services-market
"Category Intelligence Stainless Steel Market
nEnhancing Supply Chain Management And Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-stainless-steel-market
"Category Intelligence Acetone Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-acetone-market
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street,5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
About US:
Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.
Clinical logistics refers to the strategic planning, implementation, and control of the flow of healthcare products, services, and information within and across healthcare facilities. It encompasses services such as:
Transportation of pharmaceutical products, medical devices, and biological samples.
Storage and warehousing of temperature-sensitive goods.
Supply chain management for clinical trials.
Free Sample Copy: https://www.marketresearchfuture.com/cat-intel/sample_request/97
Key Players
Leading Companies in the Clinical Logistics Market
DHL Supply Chain
Kuehne + Nagel
World Courier
UPS Healthcare
FedEx Logistics
CEVA Logistics
Panalpina (now part of DSV)
Geodis
C.H. Robinson
DB Schenker
Key Market Drivers
1. Growth in Clinical Trials
The pharmaceutical and biotechnology sectors are experiencing a surge in clinical trial activities, particularly for vaccines, biologics, and personalized medicines. These trials require efficient logistics solutions to manage the transportation and storage of investigational drugs, specimens, and related materials.
2. Advancements in Cold Chain Logistics
The proliferation of biologics and biosimilars, which are highly sensitive to temperature changes, has necessitated the development of robust cold chain logistics. Innovations in packaging, monitoring technologies, and temperature-controlled transportation are bolstering the market.
3. Rising Demand for Home Healthcare Services
The shift towards home-based healthcare services, driven by patient preference and cost-effectiveness, has increased the demand for last-mile logistics solutions. This includes the delivery of medical supplies and equipment directly to patients' homes.
4. Regulatory Compliance
Stringent regulatory requirements for the transportation and storage of medical goods are compelling logistics providers to adopt advanced solutions. This ensures compliance with guidelines such as the Good Distribution Practices (GDP) and the Good Manufacturing Practices (GMP).
Read Full Cat-int Report: https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-clinical-logistics-market
Key Challenges
1. High Operational Costs
The implementation of advanced technologies, coupled with the need for specialized equipment for temperature-sensitive goods, significantly increases operational costs.
2. Regulatory Barriers
Compliance with varying international and regional regulations poses a challenge for logistics providers. Non-compliance can result in delays, penalties, or loss of goods.
3. Supply Chain Disruptions
Natural disasters, geopolitical tensions, and pandemics can disrupt supply chains, impacting the timely delivery of critical medical supplies.
4. Lack of Skilled Workforce
The sector requires a workforce skilled in handling specialized logistics operations, particularly in areas such as cold chain management and regulatory compliance.
Future Trends
1. Integration of Technology
The adoption of advanced technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) is transforming the clinical logistics market. These technologies enhance real-time tracking, ensure supply chain transparency, and optimize operations.
2. Focus on Sustainability
With growing awareness about environmental sustainability, companies are adopting eco-friendly practices such as using electric vehicles for transportation and reducing packaging waste.
3. Expansion in Emerging Markets
Emerging economies in Asia, Africa, and Latin America are witnessing a surge in healthcare investments, creating opportunities for clinical logistics providers to expand their footprint.
4. Growth in Decentralized Clinical Trials (DCTs)
The rise of decentralized clinical trials, where patient data is collected remotely, is increasing the need for efficient logistics solutions to deliver study materials directly to participants.
Read More:
"Category Intelligence Polypropylene Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-polypropylene-market
"Category Intelligence Aluminium Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-aluminium-market
"Category Intelligence Carbon Steel Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-carbon-steel-market
"Category Intelligence Copper And Copper Semis Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-copper-and-copper-semis-market
"Category Intelligence External Audit Services Market
nEnhancing Supply Chain Management And Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-external-audit-services-market
"Category Intelligence Stainless Steel Market
nEnhancing Supply Chain Management And Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-stainless-steel-market
"Category Intelligence Acetone Market
nEnhancing Supply Chain Management and Risk Management"
https://www.marketresearchfuture.com/cat-intel/procurement-intelligence-acetone-market
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street,5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
About US:
Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
