How Has The Healthcare Logistics Market Size Evolved In Recent Years?
The healthcare logistics market has seen considerable growth due to a variety of factors.
• The size of the healthcare logistics market has seen a robust expansion in the past few years. The industry is set to rise from $91.58 billion in 2024 to $99.53 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%.
Factors such as escalating demand for transportation of pharmaceuticals and medical devices, expansion of worldwide healthcare supply chains, an amplified emphasis on temperature-controlled and specialized logistics for healthcare goods, strict regulatory requirements, and an aging population can be credited for the growth observed in the historic period.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Healthcare Logistics Market?
The healthcare logistics market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of healthcare logistics is anticipated to witness swift expansion in the forthcoming years. It is projected to reach a substantial scale of $147.63 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.4%.
This significant growth during the forecasted period can be linked to the surge in e-commerce and direct-to-customer healthcare distribution models, growing preference for personalized medication and precision healthcare, the surge in telemedicine acceptance and remote patient management, and rising focus on sustainable and eco-friendly practices. Other factors contributing to the growth include enhanced prevalence of chronic diseases. Upcoming trends for the forecast period encompass the integration of blockchain technology for boosted transparency and accountability, the utilization of advanced technologies for inventory oversight and administration, partnerships between transportation providers and healthcare institutions, application of data analytics and artificial intelligence for predictive and proactive logistics administration, and tailoring of logistics solutions for high-value and high-risk medical commodities.
Which Key Drivers Are Propelling The Healthcare Logistics Market's Growth?
The burgeoning global sales in the pharmaceutical industry are anticipated to spur the development of the healthcare logistics market. The enhanced demand for logistics is predicted as a consequence of increasing pharmaceutical sales since the storage and transportation of these drugs to pharmacies and drug stores is essential, thereby elevating the need for healthcare logistics. The conveyance of healthcare products via air, road, and sea necessitates the creation of logistic strategies to maintain the sanctity of the pharmaceutical shipments. This necessitates specialized equipment, storage amenities, aligned handling techniques, and potent cooperation among cold chain collaborators. As per the annual report by the Indian Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, there was a trade increase of 1.78% in the import and export of pharmaceuticals from the financial year FY19 to FY20, as reported in July 2021. Moreover, the Pharmaceutical Industry Report published by India Brand Equity Foundation in March 2022 stated that the domestic pharmaceutical industry in India is projected to expand from USD 42 billion in 2021 to USD 65 billion by 2024 and then reach between USD 120–130 billion by 2030. Hence, the escalating global pharmaceutical sales are anticipated to augment the requirement for healthcare logistics over the forecast period.
What Are The Key Segments Within The Global Healthcare Logistics Market?
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
Subsegments:
1) By Transportation: Medical Supply Transportation, Pharmaceutical Transportation, Patient Transport Services, Last-Mile Delivery Services
2) By Warehousing: Storage Of Medical Supplies, Pharmaceutical Warehousing, Cold Chain Storage Solutions, Inventory Management Services
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How Are New Trends Impacting The Size Of The Healthcare Logistics Market?
The healthcare logistics market is witnessing a transformation through strategic partnerships and collaborations. Important market participants in the healthcare logistics sector are focusing on teaming up and pooling their resources, expertise, or capabilities to simplify the process of drug replenishment. In a demonstration of this trend, in March 2023, Health Care Logistics Inc. (HCL), a healthcare logistics firm based in the US, revealed a collaboration with AmerisourceBergen, a US-based healthcare products manufacturer. This joint venture allows users of AmerisourceBergen's RFID-tagged products to leverage HCL’s Stat Stock inventory management solution that enables real-time tracking of items within their facility and enhances patient safety throughout the medication usage process. Stat Stock, an automated system based on RFID technology, speeds up replenishment and ensures that expired medications stay out of circulation.
Who Are the Key Players in the Healthcare Logistics Market?
Major companies operating in the healthcare logistics market include:
• 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.
• Cardinal Health Inc.
• World Courier
• Agility Logistics Corp.
• Marken
• QuickSTAT
• VersaCold Logistics Services
• LifeConEx LLC
• Expeditors International of Washington Inc.
• Cryoport Inc.
• Movianto GmbH
• 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.
What are the Regional Insights into the Healthcare Logistics Market?
North America was the largest region in the healthcare logistics market in 2024 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
