Rural clinical and healthcare logistics market eyes 5.84% CAGR growth until 2028

The market is geared towards blockchain technology implementation within the industry.

The global market for rural clinical and healthcare logistics is projected to grow by $2.26b until 2028 at a compound annual growth rate (CAGR) of over 5.84%.

A report by Technavio revealed that the market is experiencing notable growth amidst the rising demand for efficient healthcare delivery in remote areas.

“The challenge of transporting perishable items in hot climates is being addressed through the use of suitable packaging and logistics solutions,” the report said.

Meanwhile, the market is expected to witness a trend towards blockchain technology implementation to potentially drive transparency, automation, and efficiency in the logistics industry.

“This technology provides a decentralised system for maintaining identical transaction records across multiple computer systems, eliminating the need for a central authority,” the report added.

Moreover, Technavio mentioned that companies are adopting this technology for benefits such as inventory tracking, freight and shipping optimisation, invoicing, payment processing, and authenticity verification, thus contributing to market growth.