Market Research Future (MRFR) has published on the “Healthcare Logistics Market”
MRFR recognizes the following companies as the key players in the global Healthcare Logistics market— Air Canada, AmerisourceBergen Corp, CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post DHL Group, FedEx Corp, Kuehne + Nagel International AG, Schenker AG, United Parcel Service Inc., Owens & Minor, Lufthansa Cargo, Alloga, PHEONIX Group, C.H. Robinson, DSV, and Farmasoft.
Healthcare Logistics Market Highlights
The global healthcare logistics market is accounted to register a CAGR of 9.80% during the forecast period and is estimated to reach USD 179.30 billion by 2032.
Healthcare logistics is the logistics service for surgical, medical, and pharmaceutical supplies. Healthcare logistics aims to optimize the use of technical and material resources available to health systems to enhance the efficacy, quality, and traceability of health operations. The primary categories of services provided by healthcare logistics are transportation and storage. Healthcare transportation services refer to the movement of healthcare products from one location to another via various means, including maritime, inland, and aerial transport. Pharmaceutical products, medical devices, and apparatus are transported or stored in the warehouse. These are either brand-name or generic medications. These logistics services are employed by pharmacies, medical facilities, and research and diagnostic laboratories.
The rising trend of outsourcing logistics and the increased use of advanced technology by integrating data between manufacturers, vendors, retailers, and wholesalers have contributed to the expansion of the industry. In addition, there is an increase in the use of retrieval systems and automated storage among pharmaceutical logistics companies, which has garnered significant traction. Additionally, the COVID-19 pandemic has increased demand for third-party logistics (3PL).
Segment Analysis
The global Healthcare Logistics market has been segmented based on Service, Product, Type, and End Users.
Based on Service, the market is segmented into Transportation and Warehousing. The Warehousing segment was attributed to holding the largest market share in 2022.
Based on Product, the global Healthcare Logistics market has been segmented into Pharmaceutical Products, Medical Devices, and Medical Equipment. The Medical Devices segment was expected to hold the largest market share in 2022.
Based on Type, the market is segmented into Branded and Generic Drugs. The Generic Drugs segment was attributed to holding the largest market share in 2022.
Based on End Users, the global Healthcare Logistics market has been segmented into Pharmacies, Healthcare Facilities, and Research and Diagnostic Laboratories. The Pharmacies segment was expected to hold the largest market share in 2022.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Healthcare Logistics Market Research Report
Regional Analysis
The global Healthcare Logistics market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Healthcare Logistics market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Healthcare Logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Healthcare Logistics market comprises of Middle East, Africa, and Latin America.
In 2022, the Healthcare Logistics Market in North America will dominate this market. The region's dominance in pharmaceutical and biologic medications and a rise in biopharmaceutical exports and imports are predominantly responsible for this high revenue share. Due to the region's high healthcare cost, new technologies are adopted relatively quickly.
Europe's market for Healthcare Logistics holds the second-largest market share. Technological advancement is a critical trend gaining traction in the healthcare logistics industry. The main players in the healthcare logistics market focus on providing technologically advanced logistics solutions to strengthen their market position.
From 2023 to 2032, the Asia-Pacific Healthcare Logistics Market is expected to grow at the highest CAGR. Several factors will bolster this region's market, including the rising demand for cold storage facilities, the rising adoption rate of advanced technology facilities, and the increase in merger and acquisition activity among industry participants.
Market growth is anticipated to be relatively slower in the Middle East and Latin America. Increasing imports and exports of healthcare products are among the contributors to expansion.
Key Findings of the Study
- The global Healthcare Logistics market is expected to reach USD 324.7 billion by 2032, at a CAGR of 9.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market in 2022. China dominates the healthcare logistics sector in Asia-Pacific. This region's demand is anticipated to be driven by the numerous advantages offered by third-party logistics.
- Based on End Users, the Pharmacies segment was attributed to holding the largest market in 2022, with an approximate market share of 40–55%.
- Air Canada, AmerisourceBergen Corp, CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post DHL Group, FedEx Corp, Kuehne + Nagel International AG, Schenker AG, United Parcel Service Inc., Owens & Minor, Lufthansa Cargo, Alloga, PHEONIX Group, C.H. Robinson, DSV, and Farmasoft are some of the key market players.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.