Healthcare Third-Party Logistics Market Expected to Reach $415.24 Billion by 2032 | CAGR: 7.4%

The global healthcare third-party logistics market was assessed at USD 203.35 billion in 2022 and is projected to expand at a CAGR of 7.4%, increasing from USD 218.04 billion in 2023 to USD 415.24 billion by 2032.

Market Introduction
Healthcare third-party logistics (3PL) refers to a service where a specialized logistics company manages the transportation, warehousing, and distribution of healthcare products like pharmaceuticals, medical devices, and other medical supplies for healthcare providers like hospitals, pharmacies, and clinics. It essentially involves outsourcing logistics operations to guarantee prompt and compliant delivery while following stringent healthcare regulations related to the storage and handling of sensitive medical products. This includes temperature-controlled storage for items like vaccines and managing inventory levels to maintain proper stock availability. It reduces logistics costs by leveraging the economies of scale and expertise of the 3PL provider. 3PL also allows healthcare providers to focus on patient care rather than managing complex logistics.

Get Exclusive Sample Pages of This Report:
https://www.polarismarketresearch.com/industry-analysis/healthcare-third-party-logistics-market/request-for-sample

Growth Drivers
• The third-party logistics market in healthcare is set for substantial expansion, fueled by technological innovations, specific service requirements, and the necessity to adhere to strict regulations.

• A rising need for specialized services is anticipated to boost the market demand.
• E-commerce expansion and advanced technologies are promising factors promoting healthcare third-party logistics market expansion.

• The improved efficiency of operations in healthcare by incorporation of 3-PL services is boosting the market growth.

Key Players in Market
The healthcare third-party logistics market is fragmented and is expected to have competition because of the presence of multiple players. Some of the key players in the market are:

• CEVA Logistics
• DHL Supply Chain
• Expeditors International of Washington Inc.
• FedEx Corporation
• Kuehne + Nagel International AG
• Nippon Express Co., Ltd.
• Panalpina World Transport (Holding) Ltd.
• Penske Logistics

Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/healthcare-third-party-logistics-market/request-for-discount-pricing

Healthcare Third-party Logistics Market Report Highlights
• Pharmaceutical segment is expected to grow at a highest CAGR during the projected period, on account of technological advancements

• Warehousing and storage segment accounted for largest market share in 2022, which is mainly driven by increasing need for specialized storage solutions

• Cold chain logistics segment held the significant market revenue share in 2022, mainly due to stringent quality controls

Segmental Overview
• The healthcare third-party logistics market is basically segmented based on type, service, supply chain, and region.

• Based on type, the market is segmented as pharmaceutical, medical device, and biopharmaceutical.

• The pharmaceutical segment is anticipated to register the highest CAGR over the forecast period, primarily fueled by the global demand for pharmaceutical goods, such as life-saving medications and temperature-sensitive biologics.

• By services, the market is segmented as transportation, warehousing and storage, and others.

• The warehousing and storage segment represented the largest market share in 2022 because of the growing demand for specialized storage solutions to handle the various types of pharmaceuticals and medical supplies.

Healthcare Third-party Logistics, Type Outlook (Revenue - USD Billion, 2019 - 2032)
 Pharmaceutical
 Biopharmaceutical
 Medical Device

Healthcare Third-party Logistics, Service Outlook (Revenue - USD Billion, 2019 - 2032)
 Warehousing and Storage
 Transportation
 Others

Healthcare Third-party Logistics, Supply Chain Outlook (Revenue - USD Billion, 2019 - 2032)
 Cold Chain Logistics
 Non-Cold Chain Logistics

Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/healthcare-third-party-logistics-market

Regional Analysis
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

More Trending Latest Reports by Polaris Market Research:
Bioanalytical Testing Services Market
https://www.polarismarketresearch.com/industry-analysis/bioanalytical-testing-services-market

Sports Medicine Market
https://www.polarismarketresearch.com/industry-analysis/sports-medicine-market

Hyperspectral Imaging Systems Market
https://www.polarismarketresearch.com/industry-analysis/hyperspectral-imaging-systems-market

Spatial Genomics & Transcriptomics Market
https://www.polarismarketresearch.com/industry-analysis/spatial-genomics-and-transcriptomics-market

Contact:

Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.