Cloud Banner

Healthcare

Image

Global Healthcare Logistics Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Healthcare Logistics Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR - 7.6% Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 92364.86 Million
Diagram Market Size (Forecast Year) USD 165960.58 Million
Diagram CAGR 7.6%

Global Healthcare Logistics Market, By Type (Cold Chain, Non-Cold Chain), Component (Hardware, Software, Services), Temperature Type (Ambient, Chilled/Refrigerated, Frozen, Cryogenic), Logistics (Transportation, Packaging, Storage, Others), Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics, Contract Logistics), Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material, and Organs, Hazardous Cargo, Others), End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes, Others) – Industry Trends and Forecast to 2031.

Healthcare Logistics Market

Healthcare Logistics Market Analysis and Size

The increased preference for biological pharmaceuticals as well as the growing tendency of businesses to outsource are the main drivers anticipated to drive market growth. Significant numbers of healthcare items need to be shipped over considerable distances through firms these days. These materials are valuable and delicate. The developing market for temperature-sensitive drugs and biological clinical objects, in addition to growing awareness amongst pharmaceutical and logistics companies, is boosting the scope for temperature-controlled healthcare logistics, benefiting the whole healthcare logistics market.

Data Bridge Market Research analyzes that the Healthcare Logistics market which was USD 92,364.86 million in 2023, is likely to reach USD 165,960.58 million by 2031, and is expected to undergo a CAGR of 7.6% during the forecast period. “Cold Chain” dominates the type segment of the market due to the growing demand for better methods for treatment in patients. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Healthcare Logistics Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, and Pricing in USD

Segments Covered

By Type (Cold Chain, Non-Cold Chain), Component (Hardware, Software, Services), Temperature Type (Ambient, Chilled/Refrigerated, Frozen, Cryogenic), Logistics (Transportation, Packaging, Storage, Others), Logistic Type (Sea Freight Logistics, Air Freight Logistics, Overland Logistics, Contract Logistics), Application (Medicine, Bulk Drug Handlers, Vaccine, Chemical & Other Raw Material, Biological Material, and Organs, Hazardous Cargo, Others), End User (Biopharmaceutical Companies, Hospitals & Clinics, Research Institutes, Others)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa

Market Players Covered

X2 Group (U.K.), 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 (France), 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 (U.K.), CRYOPDP (Frnace), 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 (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), YUSEN LOGISTICS CO., LTD (Japan), BDP INTERNATIONAL (U.S.), among others

Market Opportunities

  • Rising Growth in Cross Border Trades and Globalization

Market Definition

Healthcare logistics refers to the planning, management, and execution of the movement and storage of healthcare products, equipment, and supplies throughout the healthcare supply chain. It involves the coordination of various activities, including procurement, warehousing, transportation, distribution, and inventory management, to ensure the timely and efficient delivery of healthcare goods to healthcare facilities, pharmacies, and ultimately to patients. Healthcare logistics plays a critical role in ensuring the availability, quality, and safety of healthcare products, while also optimizing costs and minimizing waste in the healthcare system.

Global Healthcare Logistics Market Dynamics

Drivers

  • Rapid Growth in The E-Commerce Sector

E-commerce or electronic commerce is the process of buying and selling goods and services over an electronic network or online platform, primarily the Internet. In recent times, the widespread use of e-commerce platforms such as Amazon, Flipkart, and eBay has contributed to substantial growth in online buying and selling of goods. This has provided a platform for consumers to freely purchase healthcare products and use them according to their requirements.      

  • High Benefits Offered by Third Party Logistics

Third-party logistics is outsourced with operational logistics from warehousing to delivery, this includes providing a number of services in the supply chain such as freight forwarding, packaging, order fulfillment, inventory forecasting, picking and packing, warehousing, and transportation. Third-party logistics offer a wide range of benefits as it helps the business owners to focus more on the other aspects of business such as product development, marketing, and sales. The high benefits offered by third-party logistics are therefore acting as the major factor for boosting the growth of the global healthcare logistics market.

Opportunity

  • Rising Growth in Cross Border Trades and Globalization

Globalization is the interdependence of the world's economies, populations, and cultures brought together by cross-border trade in technology, goods, and others. Today, most of the country's economy is highly dependent on buying and selling goods among various countries. Asia-Pacific and North America region has been the major players in global trade and has a high volume of trade flow that has increased the requirement of logistics service providers to make the flow of trade more convenient and faster. Thus, it is boosting the growth in the healthcare logistics market globally.

Restraints/Challenges

  • Congestion Associated with Trade Routes

As traffic volumes and congestion grow on roadways and waterways, freight and transport service operators grow to be increasingly challenged to keep reliable schedules. This affects supply chains and truck-dependent businesses, each of which is of growing significance for both public coverage and private region operators. Moreover, several accidents on roads or oil spills at sea can result in unexpected healthcare logistics restraints. Recent COVID-19 has also halted several logistics operations causing severe damage to entire supply chain operations. These factors act as a significant restraint for the growth of the global healthcare logistics market.   

  • Inclination Towards Digitalization of The Sector

Digital transformation is referred to the changes that a business undergoes by adopting digital technology. It has become a necessity for transportation and logistics to give extreme importance to optimization, efficiency, speed, and timing. The changing scenario in the market and upcoming new trends have made it highly important for the transportation industry to go under digital transformation. Healthcare logistics companies use mobile devices to improve agility. Moreover, the mobile apps help the customers to order, process, and track return shipments at any time. This growing digital transformation of the logistics industry is thus boosting the growth of the healthcare logistics market.

This healthcare logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare logistics market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • 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
  • In February 2022, Kerry Logistics Network Limited has won the Air Cargo Services Award at the British International Freight Association (BIFA) Freight Service Awards 2021. The Awards ceremony was held in London last night. This award honor helped in improving the recognition of the company

Global Healthcare Logistics Market Scope

The healthcare logistics market is segmented on the basis of type, application, components, temperature type, logistics, logistics type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Non-Cold Chain
  • Cold Chain

Components

  • Hardware
  • Services
  • Software

Temperature Type

  • Ambient
  • Chilled/Refrigerated
  • Frozen
  • Cryogenic

Logistics

  • Transportation
  • Packaging
  • Storage
  • Others

Logistics Type 

  • Overland Logistics
  • Sea Freight Logistics
  • Air Freight Logistics
  • Contract Logistics

Application

  • Medicine
  • Bulk Drug Handlers
  • Vaccine
  • Chemical & Other Raw Material
  • Biological Material and Organs
  • Hazardous Cargo
  • Others

End User

  • Biopharmaceutical Companies
  • Hospital & Clinics
  • Research Institutes
  • Others

Global Healthcare Logistics Market Regional Analysis/Insights

The healthcare logistics market is analysed and market size insights and trends are provided by country, type, application, components, temperature type, logistics, logistics type and end user as referenced above.

The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.

North America is expected to dominate the market due to the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people.   

Asia-Pacific is expected to witness significant growth due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for diagnosis and treatment procedures, the large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The healthcare logistics market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Healthcare Logistics market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the healthcare logistics market.

Competitive Landscape and Healthcare Logistics  Market Share Analysis

The healthcare logistics market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the healthcare logistics market.

Some of the major players operating in the healthcare logistics market are:

  • X2 Group (U.K.)
  • 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 (France)
  • 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 (U.K.)
  • 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 (U.S.)
  • C.H. Robinson Worldwide, Inc. (U.S.)
  • YUSEN LOGISTICS CO., LTD (Japan)
  • BDP INTERNATIONAL (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The healthcare logistics market size will be worth USD 165,960.58 million by 2031.
The growth rate of the healthcare logistics market is 7.6% by 2031.
Rapid growth in the e-commerce sector & high benefits offered by third party logistics are the growth drivers of the healthcare logistics market.
Type, application, components, temperature type, logistics, logistics type and end user are the factors on which the healthcare logistics market research is based.
Major companies in the healthcare logistics market are X2 Group (U.K.), 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 (France), 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 (U.K.), CRYOPDP (Frnace), 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 (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), YUSEN LOGISTICS CO., LTD (Japan), BDP INTERNATIONAL (U.S.), among others
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials