What fuels APAC’s healthcare logistics market?

One key driver is the rising demand for efficient supply chain management.

The Asia Pacific (APAC) healthcare logistics market is expanding rapidly and is poised to reach $29.5b at a compound annual growth rate (CAGR) of 7.10% by 2030, according to a Data Bridge Market Research report.

Its growth is attributed to the rising demand for efficient and reliable healthcare supply chain management, which involves the coordination of storage, transportation, and transportation of medical products.

Meanwhile, the regional market is pivoting towards the integration of technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and blockchains.

“IoT devices provide real-time tracking and monitoring of shipments, whilst AI helps optimise routing and inventory management,” the report said.

Moreover, the rise of e-commerce and direct-to-consumer models is further impacting the market, with online pharmacies and telemedicine platforms increasing the demand for efficient delivery.

“With the increasing complexity of the healthcare supply chain and the rising expectations of consumers, healthcare logistics has become a critical component of the healthcare industry in the APAC region,” the report added.