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).

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 News

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 Market Report Snapshots

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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 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. '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'

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.

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.

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.

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