What is the global market size of Healthcare Logistics Market?

Global Healthcare Logistics Market size was valued at USD 77.3 billion in 2022 and is poised to grow from USD 84.88 billion in 2023 to USD 179.31 billion by 2031, growing at a CAGR of 9.8% in the forecast period (2024-2031).

Who are the key vendors in the Global Healthcare Logistics Market?

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. 'Kuehne + Nagel International AG', 'United Parcel Service Inc.', 'FedEx Corp.', 'Burris Logistics', 'Deutsche Post DHL Group', 'DSV', 'C.H. Robinson Worldwide Inc. ', 'Continental Cargo OU', 'Cold Chain Technologies LLC', 'Farmasoft', 'CEVA Logistics AG', 'Owens & Minor', 'Lufthansa Cargo', 'Allog', 'Air Canada', 'SF Express', 'PHEONIX Group', 'AmerisourceBergen Corp.', 'Schenker AG'.

What is the key driver of Global Healthcare Logistics Market?

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.

What is the key market trend for Global Healthcare Logistics Market?

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.

Which region accounted for the largest share in Global Healthcare Logistics Market?

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.

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 2025-2032

Report ID: SQMIG35D2241 | Region: Global | Published Date: October, 2024
Pages: 212 | Tables: 116 | Figures: 76

Healthcare Logistics Market News

In June 2024, a technical partnership between MG Real Estate, GSK and Yusen Logistics announced plans to open a large warehouse for biopharmaceutical products in Belgium.
In July 2023, IDEA, a leading provider of logistics and supply chain solutions, signed a new contract and announced the launch of its new healthcare offering.
In January 2023, DHL announced a $200 million investment in the U.S. to expand its pharmaceutical and life sciences offerings.

Healthcare Logistics Market Report Snapshots

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Healthcare Logistics Market size was valued at USD 92.38 Billion in 2023 and is poised to grow from USD 99.38 Billion in 2024 to USD 178.3 Billion by 2032, growing at a CAGR of 7.58% during the forecast period (2025-2032).

The healthcare logistics industry is highly competitive, with the key players focusing on innovation, strategic partnerships and geographical expansion to strengthen their market positions. Geographically, the supplier's exports are dominated by established pharmaceutical companies and specialized logistics companies (3PLs). Companies such as UPS Healthcare, DHL Supply Chain, FedEx Corporation, Kuehne + Nagel lead the market in providing advanced logistics solutions specializing in cold chain management. These companies will provide IoT-enabled tracking systems for increased operational efficiency and compliance. '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'

Shift toward Decentralized Healthcare Systems: Patients are increasingly choosing to take the medications and prescriptions, and healthcare providers are expanding their last-mile coverage. The increasing adoption of the embedded health systems such as telemedicine and home care are changing the logistics landscape. These changes have increased the demand for efficient and secure distribution networks that meet the individual needs of consumers.

North America is the dominant region for the healthcare logistics market, as it has advanced healthcare infrastructure, widespread adoption of new technologies and strong regulatory framework. The presence of leading pharmaceutical companies and logistics providers, such as UPS Healthcare and FedEx, further enhances the region's market dominance. Cold chain logistics has grown due to the high demand for personalized medicines. Additionally, the rising demand for biologics and personalized medicines in the U.S. and Canada has driven the growth of cold chain logistics. North America's focus on improving supply chain efficiency and its substantial investments in R&D make it a key player in the global healthcare logistics market.

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What is the global market size of Healthcare Logistics Market?

Who are the key vendors in the Healthcare Logistics Market?

What is the key driver of Healthcare Logistics Market?

What is the key market trend for Healthcare Logistics Market?

Which region accounted for the largest share in Healthcare Logistics Market?

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