The Global Pharmaceutical Logistics Market Will Experience an Increase in Demand for Home Healthcare Products Through 2019

The Global Pharmaceutical Logistics Market is expected to grow at a CAGR of 9.71% from 2015–2019, according to a new report from research firm Technavio.

Many pharmaceutical logistics companies are now focusing on the expansion of their services and product portfolio to meet the global demand for home healthcare. Patients can easily use portable devices to check their blood pressure, glucose levels and other vital signs at home.

“The growth of the home healthcare segment has been a key factor in initiating several business and supply chain changes and is expected to drive growth in the pharmaceutical logistics sector over the next 10 years,” says Faisal Ghaus, Vice President of Technavio.

The Technavio report also highlights new methods of pharmaceutical delivery. Vendors are changing their transportation mode from air to sea for the delivery of medicines and drugs because of certain advantages, including a 70–80% reduction in cost.

Additionally, more vendors are relying on online services to deliver pharmaceutical products to patients. “Vendors have enhanced the use of online services like e-health records, remote monitoring, e-prescribing and mobile health applications, so as to ensure an effortless and quick delivery of medicines directly to patients,” says Ghaus.

Key Information Covered in the Report include:

• Market segmentation, size and forecast through 2019
• Market Growth Drivers:
    • Increased Demand for Home Healthcare Products
     • For a full detailed list, view the report.
• Market Challenges:
     • Inefficient Product Labeling
• Market Trends:
     • New Methods of Pharmaceuticals Delivery
• Key Vendors:
     • DB Schenker
     • Deutsche Post DHL
     • FedEx
     • United Parcel Service of America Inc.
• Other Prominent Vendors:
     • Agility
     • Biocair
     • CEVA
     • Cold Chain Technologies