United States Healthcare Logistics Market Set to Surge, Projected to Reach USD 40.48 Billion by 2028 | Infinium Global Research

The United States Healthcare Logistics Market, which attained a valuation of USD 23.11 Billion in 2021, is poised for remarkable growth, with projections indicating it will reach USD 40.48 Billion by 2028. This growth is characterized by a Compound Annual Growth Rate (CAGR) of 8.44% over the forecast period. A confluence of factors, including the rising incidence of chronic diseases, technological advancements in the healthcare sector, and the need for efficient transportation and logistics, is driving this expansion.

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Chronic Diseases and Technological Advancements Drive Market Growth

The United States faces a growing incidence of chronic diseases, with six in ten adults currently living with conditions such as cancer, heart disease, or diabetes, as reported by the Centers for Disease Control and Prevention (CDC). Chronic diseases are among the leading causes of death in the country, propelling the development of new medical devices and technologies to meet the healthcare demands. This has resulted in an urgent need for efficient and rapid transportation and logistics to distribute these critical devices and medical equipment nationwide.

The COVID-19 pandemic underscored the importance of swift and reliable logistics as the demand for Personal Protective Equipment (PPE) kits, oxygen cylinders, masks, and other medical supplies skyrocketed. Thus, the rising prevalence of chronic diseases is a significant driver of market growth.

Pharmaceutical Industry's Impact on Healthcare Logistics

The United States plays a pivotal role in the global pharmaceutical industry, accounting for over 40% of the global pharmaceutical market and approximately 22% of global production. The pharmaceutical sector has maintained robust output and sales in 2022, largely driven by factors like the global vaccination rollout and the pent-up demand for essential and non-essential medical treatments. The pharmaceutical supply chain logistics industry, particularly in the cold chain segment, demands precise handling procedures, specialized transport equipment, and strict regulatory compliance.

Furthermore, the increasing demand for drugs to combat chronic and lifestyle-related diseases has led to higher demands for temperature-controlled transportation under stringent cold chain management. Over-the-counter (OTC) medicines, such as vitamins, minerals, cough and cold drugs, and gastrointestinal and dermatology products, are also witnessing rising demand. The pharmaceutical industry has responded by expanding its portfolio of pharmaceuticals, many of which require temperature-sensitive transportation, further boosting healthcare logistics.

Challenges Posed by Reverse Logistics

While reverse logistics plays a crucial role in managing the return of healthcare-related products and devices, it presents challenges. The services associated with reverse logistics are expensive due to factors like equipment return rates, which range from 8% to 20% in the healthcare sector, as reported by Thomas Publishing Company. Handling these logistics requires a skilled workforce trained to identify specific serial or part numbers accurately. Proper training and knowledge sharing are essential to prevent errors in the healthcare logistics sector, contributing to the cost associated with reverse logistics services.

E-commerce and Third-Party Logistics Transform the Landscape

The widespread use of e-commerce platforms has revolutionized the buying and selling of healthcare products and services online. These platforms offer tele-consulting services, where users can receive prescriptions verified by doctors online, and medicines are delivered within 24-48 hours, all made possible by efficient logistics.

Third-party logistics (3PL) has become instrumental in the healthcare industry, managing pharmaceuticals, medical equipment, surgical supplies, and more. 3PL services encompass activities such as packaging, order fulfillment, warehousing, transportation, and delivery to the end consumer. The key benefit of 3PL is that it allows businesses to focus on their core functions, such as product development, marketing, and sales. Technological advancements have streamlined logistics processes, making them more efficient and reliable.

In conclusion, the United States Healthcare Logistics market is on a growth trajectory, driven by factors such as the rising prevalence of chronic diseases, the dynamic pharmaceutical industry, and the evolving landscape of reverse logistics, e-commerce, and third-party logistics. The industry is poised for a significant transformation in the coming years.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for the United States Healthcare Logistics Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in the United States Healthcare Logistics Market

Chapter 4. United States Healthcare Logistics Market by Product

4.1. Pharmaceutical Products

4.2. Medical Devices

Chapter 5. United States Healthcare Logistics Market by Type

5.1. Cold Chain Logistics

5.2. Non-cold Chain Logistics

Chapter 6. United States Healthcare Logistics Market by Component

6.1. Storage

6.2. Transportation

6.3. Monitoring Components

Chapter 7. Company Profiles

7.1 Fedex Corporation

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Product Portfolio

7.1.4 Recent Developments

7.2 Deutsche Post DHL Group

7.2.1 Company Overview

7.2.2 Product Portfolio

7.3 UPS

7.3.1 Overview

7.3.2 Company Overview

7.3.3 Product Portfolio

7.4 CEVA Logistics AG

7.4.1 Company Overview

7.4.2 Product Portfolio

7.5 Kuehne + Nagel International AG

7.5.1 Company Overview

7.5.2 Product Portfolio

7.5.3 Recent Developments

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of United States Healthcare Logistics.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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