USD 77.3 billion
Healthcare Logistics Market Size, Share, Growth Analysis, By Type(Cold Chain, Non-Cold Chain), By Component(Hardware, Software, Services), By Logistics(Transportation, Packaging, Storage, Others), By Temperature Type(Ambient, Chilled/Refrigerated, Frozen, Cryogenic), By Logistics Type(Overland Logistics, Sea Freight Logistics, Air Freight Logistics, Contract Logistics), By Application(Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material), By End User(Biopharmaceutical Companies, Hospital & Clinics, Research Institutes, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2241 |
Region:
Global |
Published Date: October, 2024
Pages:
212
|Tables:
116
|Figures:
76
Healthcare Logistics Market Insights
Global Healthcare Logistics Market size was valued at USD 85.38 billion in 2022 and is poised to grow from USD 92.38 billion in 2023 to USD 165.74 billion by 2031, growing at a CAGR of 7.58% during the forecast period (2024-2031).
Healthcare logistics involves the transportation and warehousing of different types of healthcare products such as pharmaceuticals, medical devices, medical beds, etc. Growing expansion of the healthcare industry and rising healthcare expenditure are projected to be key factors driving the demand for healthcare logistics over the coming years. The rapid expansion of the e-commerce space is also slated to be a key contributor to healthcare logistics market growth in the future. The adoption of sustainable logistics solutions around the world is also slated to create new opportunities for healthcare logistics companies across the forecast period. An increasing number of healthcare organizations focusing on outsourcing their logistics operations are also slated to bolster the healthcare logistics market growth prospects in the future.
Along with regulatory compliance, the global healthcare logistics market is also subject to disruptions in the global supply chain due to numerous factors and all of this could impede market development potential in the future. High adoption of advanced digital technologies in healthcare and logistics could help healthcare logistics companies overcome the constraints and allow the market to grow to its full potential going forward.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Warehousing
Fastest Growth
Transportation
Growth Rate
9.8% CAGR
Global Healthcare Logistics Market ($ Bn)
Country Share for North America Region (%)
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Healthcare Logistics Market Segmental Analysis
Global Healthcare Logistics Market is segmented by Type, Component, Temperature Type, Logistics, Logistics Type, Application, End User, and Region. Based on Type, the market is segmented into Cold Chain, Non-Cold Chain. Based on Component, the market is segmented into Hardware, Services, Software. Based on Temperature Type, the market is segmented into Ambient, Chilled/Refrigerated, Frozen, Cryogenic. Based on Logistics, the market is segmented into Transportation, Packaging, Storage, Others. Based on Logistics Type, the market is segmented into Overland Logistics, Sea Freight Logistics, Air Freight Logistics, Contract Logistics. Based on Application, the market is segmented into Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material and Organs, Hazardous Cargo, Others. Based on End User, the market is segmented into Biopharmaceutical Companies, Hospital & Clinics, Research Institutes, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Cold chain logistics account for a prominent share of the global healthcare logistics market. Most pharmaceutical products require to be transported and stored in a cold environment to ensure their efficacy is maintained and no change to the molecular structure of pharmaceuticals is observed.
On the other hand, the demand for non-cold chain logistics is slated to soar high over the coming years owing to the growing adoption of novel medical devices. A robust increase in healthcare spending has resulted in growing demand for innovative new medical devices, which drive the market growth via this segment. Moreover, a growing number of healthcare establishments around the world are also slated to bolster market development via this segment through 2031.
Analysis by Service
The warehousing service accounts for a major chunk of the global healthcare logistics market share and is slated to maintain a similar stance across the forecast period. Growing need for warehousing pharmaceuticals, drugs, and vaccines is projected to be a key factor allowing this segment to hold prominence. Emphasis on reducing overhead costs in healthcare is also slated to promote market growth via the warehousing segment.
On the other hand, the demand for transportation service in healthcare logistics is slated to increase at a rapid pace over the coming years. Advancements in transportation and growing use of efficient modes of transportation are contributing to the high growth of the transportation segment.
Global Healthcare Logistics Market By Service
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Healthcare Logistics Market Regional Insights
High investments in healthcare infrastructure development make the Asia Pacific region the fastest-growing market for healthcare logistics in the world. China and India are slated to be the foremost markets for healthcare logistics companies in this region. Growing adoption of advanced medical technology and increased demand for healthcare services in this region are also slated to create new opportunities for healthcare logistics providers over the coming years. Growing geriatric population in countries such as Japan, India, and China will also come into play and indirectly augment the demand for healthcare logistics through 2031.
The presence of key pharmaceutical companies and a developed healthcare infrastructure allows North America to account for a dominant stance in the global marketplace. High healthcare expenditure and quick adoption of advanced logistics solutions and technologies also allows this region to hold sway over the world. The United States contributed to more than 80% of the revenue share of healthcare logistics market in North America followed by Canda. Government support and rapid advancements in medical technology are also slated to augment healthcare logistics demand outlook in this region.
Global Healthcare Logistics Market By Region
- Largest
- Fastest
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Healthcare Logistics Market Dynamics
Drivers
Increase in Direct-to-Patient Delivery
- With the digitization of the healthcare space, a robust hike in direct-to-patient deliveries has been observed and this trend is projected to bolster the demand for healthcare logistics over the coming years. The growing popularity of teleconsultation and e-pharmacy will also boost healthcare logistics market growth.
Rise in Healthcare Expenditure
- With an increase in prevalence of chronic diseases, governments across the world are focusing on increasing their healthcare expenditure, which in turn is projected to favor the demand for healthcare logistics across the forecast period and beyond.
Restraints
Regulatory and Compliance Issues
- Healthcare logistics companies need to comply with the stringent mandates regarding healthcare transportation that differ from country to country or even city to city in some cases. Complying with this diverse set of regulations is not easy and could slow down healthcare logistics market growth.
Uncertainty in Global Supply Chain
- The global supply chain and logistics space is subject to changes from a wide variety of factors such as trade bans, geopolitical tensions, wars, pandemics, etc. These obstructions to supply chain can also hinder healthcare logistics market growth.
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Healthcare Logistics Market Competitive Landscape
Healthcare logistics providers should collaborate with healthcare establishments to create a steady stream of revenue. Companies can also focus on adopting novel logistics technologies and even embrace automation to improve the efficiency of their operations in the future. Integration of cold chain logistics solutions will be vital for any kind of healthcare logistics market player looking to scale their business in the long run. Investments in research and development to optimize the operations of healthcare logistics process could also boost market growth.
Top Player’s Company Profiles
- X2 Group
- Emerald Freight Express
- Total Quality Logistics LLC
- Cavalier Logistics Management II, Inc.
- AmerisourceBergen Corporation
- Agility
- CEVA Logistics
- DB Schenker
- Deutsche Post DHL Group
- FedEx
- Burris Logistics
- OIA Global
- United Parcel Service of America, Inc
- VersaCold Logistics Services
- CRYOPDP
- Alloga
- Kerry Logistics Network Limited
- PCI Pharma Services
- Nippon Express Co., Ltd.
- C.H. Robinson Worldwide, Inc.
- Yusen Logistics Co., Ltd
- BDP International
Recent Developments
- In October 2023, UPS Healthcare, the healthcare-focused business arm of UPS, announced the start of healthcare logistics ser services in Europe. The company launched the UPS Pickup Points location service to bring it one step closer to dominating the healthcare logistics space.
- In July 2023, IDEA, a renowned supplier of logistics and supply chain solutions, announced the launch of its new healthcare logistics offering by signing a new deal.
- In May 2023, C3 Logistics, a leading provider of logistics, announced its plans of launching a new electric vehicle fleet for healthcare logistics applications in India. This move was part of the company’s effort to boost its sustainability.
Healthcare Logistics Key Market Trends
- Use of Data Analytics: Healthcare logistics providers can focus on utilizing data analytics to optimize their supply chain management, which in turn could help improve tracking, transparency, and efficiency of the logistics operation. Companies can also integrate other digital technologies to improve their services and widen their business scope in the long run.
Healthcare Logistics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rapidly increasing healthcare expenditure and growing demand for healthcare products around the world are slated to bolster the demand for healthcare logistics over the coming years. Advancements in logistics technologies and growing adoption of automation are also slated to augment healthcare logistics market growth prospects in the future. However, regulatory compliance is projected to be a key challenge for almost all healthcare logistics providers in the long run. Established healthcare ecosystem, growing investments in medical R&D, and rising sales of drugs and medications via e-pharmacies are key factors that allow North America to account for a dominant market share. Integration of data analytics and other digital technologies could open new avenues of opportunities for healthcare logistics providers going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 85.38 billion |
| Market size value in 2031 | USD 165.74 billion |
| Growth Rate | 7.58% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Healthcare Logistics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Healthcare Logistics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Healthcare Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Healthcare Logistics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Healthcare Logistics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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