Role Logistics Companies Play in The Growth of the Indian Healthcare Industry

1. Role Logistics Companies Play in The Growth of the Indian Healthcare Industry The healthcare industry is forecasted to increase by USD 121.4 billion at a CAGR of 13.87% between 2024 - 2028. The healthcare logistics industry is experiencing an expansion driven by pharmaceutical sales, the boom in seaborne transportation of the Pharmaceutical industry, and an increasing number of government initiatives including Poshan Abhiyan, the inauguration of the All India Institute of Medical Science across different states, Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), Human Resources for Health and Medical Education, National Health Mission, Ayushman Bharat and Healthcare logistics is an essential part of the healthcare industry as it caters to several sectors within the industry including prevention, treatment, diagnosis, correction, injury, infection, and diseases. Undoubtedly, the healthcare industry relies on pharma logistics companies in India for timely delivery of medical supplies, contributing to better medical outcomes and patient care. Before we discuss the role of Healthcare logistics in the healthcare industry, let’s briefly explore what healthcare logistics is. What is Healthcare Logistics? The healthcare industry and healthcare logistics run hand-in-hand when it comes to the growth of the industry. Healthcare logistics is a critical component of the pharmaceutical industry primarily for better and on-time patient care nationwide. The sector involves the management of the procurement of medical supplies, transportation of patients and medical records, and distribution of medical products to healthcare facilities. To do so, healthcare logistics should have a strong and well-designed infrastructure for communication between both parties. Hence, strong communication in the healthcare industry can lead to improved healthcare facilities and patient care, and healthcare logistics companies bridge the gap between the healthcare industry and patients worldwide. Let’s see their role in detail. 1.Supply Chain Management & Distribution In a recent research, India ranked 3rd largest pharmaceutical manufacturer with over 3000 companies operating over 10,500 manufacturing units. Pharma logistics companies in India are critical in facilitating healthcare exports from India to other countries. Logistics companies ensure that medical supplies, medicines, and vaccines are exported well in time for better patient care. Logistics companies efficiently manage the supply chain of medicines, vaccines, and medical products effectively contributing to the growth of the healthcare industry in India. 2.Vaccine Distribution Worldwide The Indian healthcare industry has become the largest industry to supply vaccines globally. We produce around 62% of vaccines annually. Considering the countries that have benefited from India’s vaccines for the past few years, pharma logistics companies in India are instrumental in safely delivering vaccines globally. When the Pandemic broke in 2021, India relied heavily on logistics companies to reach the

2. most inaccessible areas, hospitals, clinics, and vaccine centers. 3.Growing Population in India The growing population of India is an opportunity for healthcare companies to invest in India. The middle-class population of India creates a vast consumer base for Indian and international healthcare facilities. Hence, Healthcare logistics bridges the gap between the consumer and manufacturers of medical supplies, products, vaccines, and other facilities. Healthcare logistics companies in India are playing an imperative role in the country to offer growth opportunities to the nation as a whole. Jeena & Company: Pharma Logistics Company in India Jeena & Company is a pioneer in the industry with 124 years of experience and expertise. We as a pharma logistics company in India facilitate healthcare products, and supplies to the most inaccessible areas to ensure better patient care. Jeena’s global presence enables global healthcare companies to reach out to the Indian population facilitating better patient care and growth in the country. We are and have been the face of healthcare logistics for healthcare companies worldwide giving us a competitive edge over other logistics providers. To Know More: https://jeena.com/blog-read.php?slug=role-logistics-companies-play- in-the-growth-of-the-indian-healthcare-industry