Healthcare Logistics Market Size Projected To Reach $147.63 Billion By 2034 With A Cagr Of 10.4%

The Healthcare Logistics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Healthcare Logistics Market?
The size of the healthcare logistics market has seen a robust expansion in the past few years. It is projected to rise from a considerable $91.58 billion in 2024 to an even more impressive $99.53 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. This significant increase in the historic period can be explained by the rising need for transportation of pharmaceuticals and medical devices, the broadening of global healthcare supply chains, an intensified attention on temperature-specific and specialized logistics for healthcare goods, stringent rules and requirements for compliance, and an aging population.

The next few years are projected to witness significant expansion in the healthcare logistics market, which is predicted to reach $147.63 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.4%. This predicted growth during the forecast period can be tied to factors such as the surge in e-commerce, a shift towards direct-to-patient healthcare delivery systems, an increasing demand for personalized and precision medicine, a rise in the use of telemedicine and remote patient monitoring, a growing emphasis on sustainability and environmental concerns, and an increase in chronic diseases. The forecast period is likely to witness key trends that include the incorporation of blockchain technology for improved transparency and traceability, the use of progressive technologies for inventory tracking and control, partnerships between logistics providers and healthcare institutions, the application of data analytics and artificial intelligence for predictive and proactive logistics management, and the adaptation of logistics solutions for high-value and high-risk medical commodities.

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What Are the Different Healthcare Logistics Market Segments?
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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What Are the Primary Drivers Shaping the Healthcare Logistics Market?
The rise in worldwide pharmaceutical sales is predicted to stimulate the growth of the healthcare logistics sector. Expectations are that growing pharmaceutical sales will spur the need for logistics, as drugs need to be appropriately stored and conveyed to pharmacies, drug stores, and other outlets, thus bolstering the necessity for healthcare logistics or transportation. The shipment of healthcare products over air, land, and sea depends on the development of logistical strategies to maintain the stability of a pharmaceutical delivery. This calls for specialized equipment, suitable storage facilities, standardized handling procedures, and tight-knit collaboration among cold chain partners. As per the annual report from the Indian Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, in July 2021, there was a rise in the trade of import and export of pharmaceuticals by 1.78% from Financial year FY19 to FY20. Moreover, as per the Pharmaceutical Industry Report published by India Brand Equity Foundation, in March 2022, it is anticipated that the Indian domestic pharmaceutical industry will surge from USD 42 billion in 2021 to USD 65 billion by 2024 and then another USD 120-130 billion by 2030. Consequently, the rising global pharmaceutical sales are projected to augment the demand for healthcare logistics during the forecast period.

Which Companies Are Leading in the Healthcare Logistics Market?
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.

What Are the Major Trends Shaping the Healthcare Logistics Market?
The healthcare logistics market is being shaped through strategic collaborations and partnerships. To achieve common objectives more efficiently, key market players are engaging in these collaborations and partnerships by combining resources, expertise, or capabilities, thereby simplifying the process of drug replenishment. For example, Health Care Logistics Inc., a healthcare logistics firm based in the U.S, declared a collaboration with AmerisourceBergen, a U.S.-based healthcare product manufacturer, in March 2023. This collaboration allows AmerisourceBergen's RFID-tagged product users to utilize HCL's Stat Stock inventory management solution, promoting immediate tracking of items within their facilities and enhancing patient safety throughout the medication utilization process. Stat Stock is an RFID-based automated system that reduces replenishment time by 50% and prevents expired medication from circulating.

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What Are the Top Revenue-Generating Geographies in 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Logistics Market?
2. What is the CAGR expected in the Healthcare Logistics Market?
3. What Are the Key Innovations Transforming the Healthcare Logistics Industry?
4. Which Region Is Leading the Healthcare Logistics Market?

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