Governments are now investing in logistics infrastructure development. The use of drones in healthcare logistics is projected to open up a number of new commercial opportunities. Drones can help in vaccine and drug delivery more efficiently. Small indoor drones may take pharmaceuticals from the pharmacy to the patient's bedside in the future, allowing for more efficient and error-free drug administration.
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Global healthcare logistics market is expected to reach USD 1,43,344.29 million by 2029 from USD 80,923.92 million in 2021, growing with the CAGR of 7.6% in the forecast period of 2022 to 2029. Increasing demand for advanced medical technologies for diagnostic and treatment purposes and the growing incidence rate of acute and chronic diseases are some of the drivers boosting the growth of the market. With the increasing availability of technologically advanced medical devices, increasing awareness about the availability of treatment options in the developing economies and rising personal disposable income are some other important market growth determinants.
Rise in the geriatric population base globally is expected to drive the market's growth rate
The geriatric population is the most susceptible to developing chronic diseases and disorders. Therefore, rising geriatric populace all around the world is extremely vulnerable to developing heart diseases, respiratory diseases and other chronic diseases. This in turn will act as an important market growth determinant. Increased expenditure by public and private players on the development of healthcare infrastructure will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced healthcare technologies will widen the scope of growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Cold Chain and Non-Cold Chain), By Component (Hardware, Software and Services), By Temperature Type (Ambient, Chilled/Refrigerated, Frozen and Cryogenic), By Logistics (Transportation, Packaging, Storage and Others), By Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics and Contract Logistics), By Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material And Organs, Hazardous Cargo and Others), By End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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X2 Group (Bangkok), Emerald Freight Express (Ireland), TOTAL QUALITY LOGISTICS, LLC (U.S.), Cavalier Logistics Management II, Inc. (U.S.), AmerisourceBergen Corporation (U.S.), Agility (Kuwait.), Air Canada (Canada), CEVA logistics (U.K.), DB Schenker (Germany), Deutsche Post DHL Group (Germany), FedEx (U.S.), Burris Logistics (U.S.), OIA Global (U.S.), United Parcel Service of America, Inc. (U.S.), VersaCold Logistics Services (Canada), Abbott (U.S.), ADAllen Pharma. (U.K.), Biosensors International Group, Ltd. (Singapore), Entero Healthcare (India), CRYOPDP (France), SF Express (China), Alloga (Switzerland), KERRY LOGISTICS NETWORK LIMITED (Hong Kong), Transplace (U.S.), Penske Corporation, Inc. (U.S.), AGRO Merchants Group (U.S.), pci Pharma Services. (U.S.), NIPPON EXPRESS CO., LTD. (Japan), NICHIREI CORPORATION. (Japan), INGRAM MICRO SERVICES (India), C.H. Robinson Worldwide, Inc. (U.S.), YUSEN LOGISTICS CO., LTD (Japan), and BDP INTERNATIONAL (U.S.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The healthcare logistics market is segmented into eight notable segments which are based on type, components, temperature, logistics, logistics type, product, application, and end user.
- On the basis of type, the healthcare logistics market has been segmented into cold chain and non-cold chain. In 2022, non-cold chain is expected to dominate the global healthcare logistics market with 78.06% market share as the desires much less capital investment.
- On the basis of component, the healthcare logistics market has been segmented into hardware, software and services. In 2022, hardware segment is expected to dominate the global healthcare logistics market with 48.94% market share as transportation system is solution offered by the companies to 3PL companies for their smooth operation and to carry business activities.
- On the basis of temperature, the healthcare logistics market has been segmented into ambient, chilled/refrigerated, frozen and cryogenic. In 2022, ambient is expected to dominate the global healthcare logistics market with 78.06% market share as demand for ambient storage facilities offer dry, clean, well ventilated storage at room temperature and also less costly as compared to other.
- On the basis of logistics, the healthcare logistics market has been segmented into transportation, packaging, storage and others. In 2022, transportation segment is expected to dominate the global healthcare logistics market with 38.67% market share due to the increase in growth of healthcare logistics through airways and water ways.
- On the basis of logistic type, the healthcare logistics market has been segmented into sea freight logistics, air freight logistics, overland logistics and contract logistics. In 2022, the overland logistics segment is expected to dominate the global healthcare logistics market with 43.57% market share due to the overland transport requiring much less capital Investment than other modes of transport.
- On the basis of product, the healthcare logistics market has been segmented into sea generic drugs and branded drugs. In 2022, branded drugs segment is expected to dominate the global healthcare logistics market with 70.55% market share as continuous improvement through research and development has helped manufacturers launch customer centric branded drugs.
- On the basis of application, the healthcare logistics market has been segmented into medicine, bulk drug handlers, vaccine, chemical & other raw material, biological material and organs, hazardous cargo and others. In 2022, medicine segment is expected to dominate the global healthcare logistics market with 41.26% market share as pharmaceutical logistics is an integral part of the healthcare system, as proper handling, packaging and transportation of pharmaceutical products are of utmost importance.
Medicine is expected to dominate the application segment of the global healthcare logistics market
Growing availability of medicines and pharmaceutical drugs via both online and offline channels of distribution is one of the biggest factors responsible for the growth and dominance of this segment. Further, rising number of clinical drug trials and escalating approval rate will also widen the scope of growth.
- On the basis of end user, the healthcare logistics market has been segmented into biopharmaceutical companies, hospitals & clinics, research institutes and others. In 2022, biopharmaceutical companies segment is expected to dominate the global healthcare logistics market with 47.52% market share as the increased demand for pharmaceuticals has prompted the use of temperature-controlled transportation. As a result, logistics providers have developed customized temperature-controlled containers and monitoring systems to assist with such shipping needs which has fueled the growth.
Biopharmaceutical companies is expected to dominate the end user segment of the global healthcare logistics market
Surging number of biopharmaceutical companies especially in the developing economies is fostering the growth of this segment. In 2022, the biopharmaceutical companies segment will emerge as the dominant one due to the logistics industry's growth and expansion. Also, increased demand for pharmaceuticals has prompted the use of temperature-controlled transportation.
Major Players
Data Bridge Market Research recognizes the following companies as the major healthcare logistics market players in advanced wound care market are United Parcel Service of America, Inc. (U.S.), AmerisourceBergen Corporation (U.S.), Deutsche Post DHL Group (Germany), Alloga (Switzerland), KERRY LOGISTICS NETWORK LIMITED (Hong Kong), CEVA logistics (U.K.), NICHIREI CORPORATION. (Japan), Transplace (U.S.), YUSEN LOGISTICS CO., LTD (Japan), Burris Logistics (U.S.) and Agility (Kuwait).
Market Development –
- In December 2022, FedEx Express the world's largest express transportation company, completed a major expansion of its air cargo hub located at Miami International Airport. The expansion will increase capacity and capabilities at the company's Americas gateway, which connects the U.S. and Canada to Latin America and the Caribbean The new partnership increased the customer base of the company.
- Kerry Logistics Network Limited received the Air Cargo Services Award at the British International Freight Association (BIFA) Freight Service Awards 2021 in February 2022. The company's recognition improved as a result of this award. Kerry Logistics Network was recognised for its exceptional performance in air freight. The Air Cargo Services Award was given to recognise the company's outstanding performance in air freight during the global pandemic. Kerry Logistics Network has announced the start of new air freight services, including a new Trans-Pacific service and an Air-Sea service via South Korea.
- Intelligent InSite was bought by Infor in 2020. With the purchase of Intelligent InSites, Infor CloudSuite Healthcare will get real-time location capabilities, broadening and deepening the suite and better positioning Infor to directly address the growing need of healthcare companies to decrease costs while maintaining quality and results.
Regional Analysis
Geographically, the countries covered in the healthcare logistics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in healthcare logistics market during the forecast period 2022 - 2029
North America dominates the global healthcare logistics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The U.S. is dominating due to the presence of major market players, which provide the wide drug portfolio and well-developed healthcare infrastructure in this region. Also, advanced healthcare technologies in this region are another reason for this region's dominance in the global market.
Asia-Pacific is estimated to be the fastest-growing region in healthcare logistics market the forecast period 2022 - 2029
Asia-Pacific is expected to grow during the forecast period due to the increasing patient population and rapid development of infrastructural facilities in emerging economies in this region. In addition to this, rising private and public expenditure on the development of healthcare industry infrastructure in the developing and backward economies and increasing per-capita income are expected to propel the market's growth rate in this region. Also, the increasing geriatric population base, surging incidence rate of chronic and acute disorders and diseases, and rising medical tourism are important market growth determinants.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a favorable impact on the worldwide healthcare logistics business. Although most industries suffered enormous losses and fell during the pandemic period, the global healthcare industry saw a growth. The healthcare logistics business, in particular, grew during the second wave as demand for oxygen and other medical supplies increased. A growth in the market is also expected in the near future as a result of a global vaccination campaign. However, obstacles such as inventory management problems in healthcare logistics are limiting market growth. The stoppage of production facilities has significantly impacted the market during the pandemic emergency.
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