Press release
Healthcare Logistics Market: Evident Growth and Emergent Trends Driving Market Proliferation
Healthcare Logistics Market size
Projected to Reach $147.63 Billion by 2029 due to Enhancements in Supply Chain Integration and Demand for Precision Medicine
What Is The Projected Market Size Of The Global Healthcare Logistics Market And Its Growth Rate?
The healthcare logistics market has seen substantial growth due to expansion of global healthcare supply chains and an increased focus on specialized logistics.
o The market is expected to grow from $91.58 billion in 2024 to $99.53 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%.
o This growth can be attributed to the demand for pharmaceutical and medical device transportation, compliance requirements, and an aging population.
o The market is expected to soar to $147.63 billion in 2029 at a CAGR of 10.4% due to a rise in e-commerce and direct-to-patient healthcare delivery models.
What Is Driving The Growth In The Healthcare Logistics Market?
The growth in the healthcare logistics market can be attributed to the increasing global sales of pharmaceuticals. These sales boost demand for logistics, especially for the storage and transportation of pharmaceutical products. Strict procedures are needed to maintain the integrity of these shipments by using specific equipment, storage facilities, and strong cooperation among cold chain partners. For instance, the Indian pharmaceutical industry is expected to grow from USD 42 billion in 2021 to USD 65 billion by 2024, further boosting demand for healthcare logistics.
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Who Are The Key Players Driving Healthcare Logistics Market Growth?
o AmerisourceBergen Corporation
o CEVA Logistics AG
o Cold Chain Technologies LLC
o Deutsche Post DHL Group
o DHL Supply Chain
o UPS Healthcare
o FedEx HealthCare Solutions
o DB Schenker
o Kuehne + Nagel International AG
o XPO Logistics Inc.
o Cardinal Health Inc.
o World Courier
o Agility Logistics Corp.
What Are The Key Trends In The Healthcare Logistics Market?
Major trends in the healthcare logistics market include:
o Integration of blockchain technology for enhanced transparency and traceability
o Adoption of advanced technologies for inventory tracking and management
o Collaboration between logistics providers and healthcare institutions
o Implementation of data analytics and artificial intelligence for predictive and proactive logistics management
What Are The Segments Of The Global Healthcare Logistics Market?
The Healthcare Logistics Market is segmented by:
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
Which Region Leads The Healthcare Logistics Market?
North America was the most significant region in the healthcare logistics market in 2024 and is predicted to be the fastest-growing region in the future. followed by regions like Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Healthcare Logistics Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare Logistics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Logistics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Logistics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Logistics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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