Manager using digital tablet,showing warehouse software management dashboard on blurred warehouse as background
Overview and Scope
Healthcare logistics refer to the logistics service of surgical, medical, and pharmaceutical supplies. The aim of healthcare logistics is to maximize the use of technical and material resources available to health systems for improving the efficiency, quality, and traceability of health operations.
Sizing and Forecast
The healthcare logistics market size has grown strongly in recent years. It will grow from $85.38 billion in 2023 to $93.2 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growing demand for pharmaceutical and medical device transportation, expansion of global healthcare supply chains, increased focus on temperature-sensitive and specialized logistics for healthcare products, stringent regulations and compliance requirements, aging population.
The healthcare logistics market size is expected to see strong growth in the next few years. It will grow to $134.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rise in e-commerce and direct-to-patient healthcare delivery models, growing demand for personalized medicine and precision healthcare, increasing adoption of telemedicine and remote patient monitoring, increasing focus on sustainability and eco-friendliness, increasing chronic diseases. Major trends in the forecast period include integration of blockchain technology for enhanced transparency and traceability, adoption of advanced technologies for inventory tracking and management, collaboration between logistics providers and healthcare institutions, implementation of data analytics and artificial intelligence for predictive and proactive logistics management, customization of logistics solutions for high-value and high-risk medical products.
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Segmentation & Regional Insights
The healthcare logistics market covered in this report is segmented –
1) By Service: Transportation, Warehousing
2) By Product: Pharmaceutical Products, Medical Devices, Medical Equipment
3) By Type: Branded Drugs, Generic Drugs
4) By End-Users Outlook: Pharmacies, Healthcare Facilities, Research and Diagnostic Laboratories
North America was the largest region in the healthcare logistics market in 2023 and is expected to be the fastest growing region in the forecast period. The regions covered in the healthcare logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing global pharmaceutical sales are expected to propel the growth of the healthcare logistics market. Increasing sales of pharmaceuticals is expected to boost the demand for logistics as the pharmaceutical products or drugs should be stored and transported to pharmacies, drug stores, and others, thus increasing the demand for transportation or healthcare logistics. Transporting healthcare products by air, roads, and sea needs the formation of logistical methods for sustaining a pharmaceutical shipment’s integrity. It will require specific equipment, storage facilities, harmonized handling procedures, and strong cooperation among the cold chain partners. According to the annual report published by the Indian Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, In July 2021, there was an increase in trade of import and export volume of pharmaceuticals by 1.78% from Financial year FY19 to FY20. Furthermore, according to the Pharmaceutical Industry Report published by India Brand Equity Foundation, In March 2022, The domestic pharmaceutical industry in India is expected to grow from USD 42 billion in 2021 to USD 65 billion by 2024 and then another USD 120–130 billion by 2030. Therefore, the growing global pharmaceutical sales are expected to boost demand for healthcare logistics during the forecast period.
Key Industry Players
Major companies operating in the healthcare logistics market report are Air Canada, AmerisourceBergen Corporation, CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post DHL Group, DHL Supply Chain, UPS Healthcare, FedEx HealthCare Solutions, DB Schenker, Kuehne + Nagel International AG, XPO Logistics Inc., CEVA Logistics, Cardinal Health Inc., World Courier, Agility Logistics Corp., Marken, Panalpina World Transport Ltd., QuickSTAT, VersaCold Logistics Services, LifeConEx LLC, Expeditors International of Washington Inc., ModusLink Global Solutions Inc., Cryoport Inc., Movianto GmbH, Cold Chain Technologies, Hellmann Worldwide Logistics SE & Co KG, Lineage Logistics Holdings LLC, Logista Pharma SA, FedEx Custom Critical, BDP International Inc., Purolator Inc., MNX Global Logistics, Envirotainer AB, Yusen Logistics Co Ltd.
The healthcare logistics market report table of contents includes:
1. Executive Summary
2. Healthcare Logistics Market Characteristics
3. Healthcare Logistics Market Trends And Strategies
4. Healthcare Logistics Market – Macro Economic Scenario
5. Global Healthcare Logistics Market Size and Growth
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26. South America Healthcare Logistics Market
27. Brazil Healthcare Logistics Market
28. Middle East Healthcare Logistics Market
29. Africa Healthcare Logistics Market
30. Healthcare Logistics Market Competitive Landscape And Company Profiles
Top Major Players:
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