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Healthcare Logistics Market to Worth $290.73 Billion by 2029 - Exclusive Research Report by Arizton
Healthcare Logistics Market Research Report by Arizton
To Know More, Click: [https://www.arizton.com/market-reports/healthcare-logistics-market-size-analysis]
Report Summary
Market Size (2029): $290.73 Billion
Market Size (2023): $185.77 Billion
CAGR (2023-2029): 7.75%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product, Functionality, End-user, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
The market is growing at a steady pace, and this trend is likely to continue during the forecast period due to the growing market for temperature-sensitive drugs and biological clinical materials, combined with increasing awareness among pharmaceutical and logistics enterprises, is amplifying the potential for temperature-controlled healthcare logistics, thereby benefiting the entire healthcare logistics market.
Healthcare Facilities in End User Segment to Witness Fastest Growth Rate
The healthcare facilities segment is projected to grow at a CAGR of 8% to reach $90.42 billion by 2029. In 2023, the healthcare facilities segment accounted for 30.67% of the global healthcare logistics market. This growth trend, with an absolute increase of 58.72%, includes hospitals, urgent care units, doctor's offices, nursing homes, and ambulatory surgical centers. As the healthcare system becomes more complex, patients have more options for their care, increasing the demand for efficient healthcare logistics. Logistics are crucial for healthcare facilities, providing delivery, transportation, warehousing, and value-added services to ensure timely medical supplies. Strategic partnerships with third-party logistics (3PL) providers like DHL, UPS, Yusen Logistics, and Nippon Express help minimize healthcare costs while maintaining high-quality service standards. These collaborations allow healthcare companies to leverage streamlined processes, advanced technology, and infrastructure, reducing wastage and inefficiencies in the supply chain and achieving significant cost reductions.
Market Trends
M&A Strategies Expanding Healthcare into Non-Acute Settings
The shift towards non-acute care settings represents a fundamental transformation in healthcare delivery, driven by the need to improve access, reduce costs, and enhance patient outcomes. Ambulatory surgery centers, community clinics, and home care services offer more convenient and less expensive alternatives to traditional hospital-based care, particularly for routine procedures and chronic disease management. Mergers and acquisitions are significant in this transition as healthcare organizations seek to expand their reach and capabilities by integrating non-acute services into their networks. For example, a health system may acquire a local hospital that operates ambulatory surgery centers or a network of clinics, allowing for better coordination of care and improved patient access across the continuum. The move towards non-acute care settings and preventative care reflects a broader shift towards value-based healthcare models prioritizing patient-centered, holistic wellness approaches. Through strategic M&A activities and targeted initiatives, healthcare organizations aim to create more efficient, equitable, and sustainable healthcare systems that meet the diverse needs of patients and communities.
Adoption of Cloud-based Enterprise Resource Planning (ERP) Systems
Adopting cloud-based enterprise resource planning (ERP) systems in the healthcare supply chain has significantly improved data management practices. These systems serve as centralized hubs for storing and managing vast amounts of data related to inventory, procurement, distribution, and other supply chain activities. One of the key benefits of cloud-based ERP systems is their ability to integrate data from various sources into a single, unified platform. This integration facilitates real-time visibility into inventory levels, demand patterns, and supply chain performance metrics across multiple facilities and locations. With all relevant data accessible from a centralized location, supply chain managers can make informed decisions quickly and efficiently.
Furthermore, cloud-based ERP systems enable the deployment of advanced technologies such as artificial intelligence (AI) and machine learning (ML). These technologies leverage the rich data stored in the ERP system to drive predictive analytics and optimization algorithms. For example, AI and ML algorithms can analyze historical demand patterns to forecast future inventory needs more accurately, helping organizations optimize stock levels and reduce the risk of stockouts or excess inventory. Moreover, AI-powered analytics can identify potential disruptions in the supply chain, such as delays in product delivery or fluctuations in demand, allowing supply chain managers to proactively address these issues before they escalate. By leveraging AI-driven insights, healthcare organizations can improve supply chain resilience, minimize risks, and enhance operational efficiency.
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Key Vendors
* Cencora
* CEVA Logistics
* FedEx
* Kuehne + Nagel
* DB Schenker
* Deutsche Post DHL Group
* United Parcel Service (UPS)
* AWL
* Alloga
* Bollore Logistics
* Cardinal Health
* C.H. Robinson
* Cold Chain Technologies (CCT)
* DSV
* Farmasoft
* Lufthansa Cargo
* Medline
* Nippon Express Co. Ltd
* Oximio
* SEKO Logistics
* Sinotrans Limited
* XPO Logistics
* ZirconMed
* GXO
* ArcBest
* Associated Couriers
* Carousel Logistics
* Crane Worldwide Logistics
* CRYOPDP
* DACHSER
* Expeditors
* Freight Logistics Solutions
* Global Group
* Kenco
* Kerry Logistics Network
* Kintetsu World Express
* Life Science Logistics
* Mercury
* Nissin International Logistics Provider
* Rhenus Logistics
* Geodis
Segmentation & Forecast
* By Product Type
* Pharmaceuticals
* Medical Devices
* By Functionality
* Transportation
* Road
* Water
* Air
* Warehousing
* Others
* By End-user
* Pharmacies
* Healthcare Facilities
* Diagnostic Laboratories
* Others
Geography
* North America
* The U.S.
* Canada
* Europe
* Germany
* The U.K.
* France
* Italy
* Spain
* APAC
* Japan
* China
* India
* Australia
* South Korea
* Latin America
* Brazil
* Mexico
* Argentina
* Middle East & Africa
* Turkey
* South Africa
* Saudi Arabia
Key Questions Answered in the Report:
What are the key trends in the global healthcare logistics market?
Which region dominates the global healthcare logistics market?
How big is the global healthcare logistics market?
Who are the major players in the global healthcare logistics market?
What is the growth rate of the global healthcare logistics market?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
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