Clinical Logistics Industry Procurement Intelligence, Supplier Intelligence, Day One Analysis Report, 2020 – 2027
Procurement Outlook
Clinical logistics is the specialized field of clinical trial supply chain management that deals specifically with clinical trials. It includes medical
transportation, patient flow optimization, inventory control, distribution,
warehousing, healthcare technology services such as remote monitoring equipment
for patients in long-term care facilities or at home. Clinical logistics
connect pharmaceutical and medical devices companies to healthcare providers.
Clinical logistics service providers handle transportation of goods,
distribution, and warehousing for healthcare products or raw materials,
fulfillment of orders, tracking inventory levels, temperature-controlled
shipping, etc.
Demand
Outlook
The global clinical trial logistics market was valued at ~USD 2
billion in 2020 and it is expected to grow at a CAGR of 7% from 2020 to 2027
due to increasing R&D expenditure by pharmaceutical and biopharmaceutical
firms and the rising number of clinical trials conducted globally. North America is leading the market with
more than 35% share in 2020 followed by APAC and Europe.
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report summary: ClinicalLogistics Industry Procurement Intelligence
The conventional supply chain of clinical logistics has
witnessed significant changes within the last two years due to Covid-19 and the
widespread adoption of the remote trial approach. Direct-to-patient approaches
were used to manage the various logistical constraints of remote trials. Global
reach is more easily achievable for sponsors with decentralized trials. The
pandemic has boosted the acceptance of such trials and it is expected to
bolster the growth of the global clinical logistics industry during the
forecast period.
Cost
Drivers
Clinical logistics cost is around 20-30% higher than logistics
cost of other commodities. Transportation, warehousing, inventory carrying, and
administrative costs are the major cost component of clinical logistics
services. Transportation costs are the largest cost component with more than
50% share in overall clinical logistics services. The mode of transportation
varied case-to-case basis. However, transportation cost is higher for products
involve in critical clinical trials.
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Industry Procurement Intelligence Report:
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A smart and effective supply chain is
essential for growth in any organization. Pipeline division at Grand View
Research provides detailed insights on every aspect of the supply chain which
helps in efficient procurement decisions.
Our services include (not limited to):
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Market Intelligence involving - market size and forecast, growth
factors, and driving trends
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Price and Cost Intelligence - pricing models adopted for the category,
the total cost of ownership
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Supplier Intelligence - rich insight on supplier landscape, and
identifies suppliers who are dominating, emerging, lounging, and specializing
·
Sourcing / Procurement Intelligence - best practices followed in the
industry, identifying standard KPIs and SLAs, peer analysis, negotiation
strategies to be utilized with the suppliers, and best-suited countries for
sourcing to minimize supply chain disruption
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include in-depth and actionable insights that help clients in understanding the
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