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Top Factor Driving Healthcare Logistics Market Growth in 2025: Rising Global Pharmaceutical Sales Driving Growth In Healthcare Logistics Market
Healthcare Logistics Market
The expansion of worldwide pharmaceutical sales is projected to fuel the healthcare logistics market's growth. The rising demand for pharmaceuticals is set to enhance the need for logistics, as medicines need to be appropriately stored and transported to locations like pharmacies and drug stores, subsequently boosting healthcare logistics. The transportation of healthcare products via various channels such as air, road, and sea necessitates the creation of logistics strategies to maintain the integrity of pharmaceutical shipments. This involves the use of specialized equipment, storage units, systematized handling methods, and robust collaboration among cold chain partners. Based on an annual review from India's Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, in July 2021, pharmaceutical import and export trade grew by 1.78% from FY19 to FY20. Additionally, the Pharmaceutical Industry Report by the India Brand Equity Foundation indicated that India's domestic pharmaceutical industry is projected to expand from USD 42 billion in 2021 to USD 65 billion in 2024, and further increase to USD 120-130 billion by 2030. As a result, the escalating worldwide pharmaceutical sales are anticipated to enhance healthcare logistics demand during the projected period.
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What Is the projected market size and growth rate for the healthcare logistics market?
In recent times, the healthcare logistics market has witnessed significant expansion. It's projected to leap from $91.58 billion in 2024 to $99.53 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. The considerable growth in the historic period is a result of the mounting demand for the transportation of pharmaceuticals and medical devices, widening of global healthcare supply chains, a heightened emphasis on temperature-controlled and unique logistics for healthcare commodities, rigid rules and compliance mandates, and an aging populace.
Over the next few years, the healthcare logistics market is poised for substantial growth, expected to reach a valuation of $147.63 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.4%. The upcoming growth spurt is attributed to the emergence of e-commerce and direct-to-patient healthcare delivery models, the rising demand for personalized and precision medicine, increased reliance on telemedicine and remote patient care, a greater focus on sustainability and being environmentally friendly, and the prevalence of chronic diseases. The integration of blockchain technology for improved transparency and traceability, the adoption of sophisticated technologies for inventory tracking and management, collaborations between logistics service providers and healthcare institutions, the utilization of data analytics and artificial intelligence for anticipative and proactive logistics management, and the tailoring of logistics solutions for high-risk and high-value medical products are likely to be prevailing trends during the forecast period.
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What new trends are reshaping the healthcare logistics market and its opportunities?
The healthcare logistics market is being moulded by strategic alliances and cooperation. Major players in this sphere are turning their attention to forming partnerships and collaborations to attain shared objectives. These goals are more efficiently reachable through the consolidation of resources, skills, or capabilities to streamline the drug restocking procedure. Take for example, in March 2023, Health Care Logistics Inc. (HCL), a US-based healthcare logistics firm, publicized a joint venture with AmerisourceBergen, a company in the US that manufactures healthcare products. This union permits users of RFID-tagged products made by AmerisourceBergen to utilize HCL's Stat Stock inventory management solution, which allows for immediate item tracking across their institution and enhances patient safety during medication usage. Stat Stock is a revolutionary RFID-based system that reduces restocking time by half and prevents expired medication from being used.
What major market segments define the scope and growth of the healthcare logistics market?
The healthcare logistics market covered in this report is segmented -
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
Subsegments:
1) By Transportation: Medical Supply Transportation, Pharmaceutical Transportation, Patient Transport Services, Last-Mile Delivery Services
2) By Warehousing: Storage Of Medical Supplies, Pharmaceutical Warehousing, Cold Chain Storage Solutions, Inventory Management Services
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Which region dominates the healthcare logistics market?
North America was the largest region in the healthcare logistics market in 2024 and is expected to be the fastest growing region in the forecast period. The regions covered in the healthcare logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the healthcare logistics industry growth?
Major companies operating in the healthcare logistics market include AmerisourceBergen Corporation, CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post DHL Group, DHL Supply Chain, UPS Healthcare, FedEx HealthCare Solutions, DB Schenker, Kuehne + Nagel International AG, XPO Logistics Inc., Cardinal Health Inc., World Courier, Agility Logistics Corp., Marken, QuickSTAT, VersaCold Logistics Services, LifeConEx LLC, Expeditors International of Washington Inc., Cryoport Inc., Movianto GmbH, Hellmann Worldwide Logistics SE & Co KG, Lineage Logistics Holdings LLC, Logista Pharma SA, FedEx Custom Critical, BDP International Inc., Purolator Inc., MNX Global Logistics, Envirotainer AB, Yusen Logistics Co Ltd.
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What Is Covered In The Healthcare Logistics Global Market Report?
•Market Size Forecast: Examine the healthcare logistics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the healthcare logistics market for a structured understanding.
•Key Players Overview: Analyze major players in the healthcare logistics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the healthcare logistics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the healthcare logistics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the healthcare logistics market.
•Industry Challenges: Identify potential risks and obstacles affecting the healthcare logistics market.
•Competitive Landscape: Review strategic developments in the healthcare logistics market, including expansions, agreements, and new product launches.
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