Healthcare Third-Party Logistics Market Expansion Outlook: $367.88 Billion in 2029

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What Is the Projected CAGR for the Healthcare Third-Party Logistics Market from 2024 to 2025?
The size of the healthcare third-party logistics market has experienced substantial growth in the past few years. The market size will escalate from $236.32 billion in 2024 to $258.69 billion in 2025, marking a compound annual growth rate (CAGR) of 9.5%. The expansion during the historical period has been due to factors such as the increased outsourcing of logistics functions, the surge in the adoption of automated storage systems, the escalating prevalence of biologics and vaccines, the heightening complexity of healthcare supply chains, and the soaring healthcare costs.

What are the Expected Market Size and CAGR for Healthcare Third-Party Logistics by 2029?
The market size of healthcare third-party logistics is projected to experience robust expansion in the coming years. It's anticipated to swell to $367.88 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. The escalation during the predicted period can be ascribed to factors such as the heightened need for proficient supply chain management, burgeoning demand for logistics that can maintain temperature control, extensive distribution networks of biopharmaceutical firms, a growing focus on adhering to regulations, and an uptick in demand for shipments directly to patients. Noteworthy trends expected during this period comprise advancements in cold chain logistics, the incorporation of digital tracking systems, the adoption of inventory management driven by technology, strides made in real-time monitoring, and breakthroughs in digital technologies.

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Which Factors Are Driving the Global Healthcare Third-Party Logistics Market Expansion?
The anticipated surge in vaccine demand is predicted to fuel the expansion of the healthcare third-party logistics market. A vaccine is a biological formulation that triggers the body's immunity to recognize and combat particular diseases by emulating an infection yet not causing the sickness. The swelling demand for vaccines can be attributed to the escalating occurrence of infectious diseases, as an increased population necessitates safeguarding against common health hazards. Healthcare third-party logistics contribute to vaccine availability by ensuring their secure, punctual, and temperature-maintained transport and storage throughout the distribution chain. For example, in July 2024, the World Health Organization, a Swiss-based international body, stated that girls' global first-dose HPV vaccine coverage increased from 20% in 2022 to 27% in 2023, with a goal of achieving 90% by 2030. As a result, this growing vaccine demand spurs the development of the healthcare third-party logistics market.

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Which Segment Currently Holds the Largest Share of the Healthcare Third-Party Logistics Market?
The healthcare third-party logistics market covered in this report is segmented -

1) By Type: Cold Chain Logistics, Non-Cold Chain Logistics
2) By Mode Of Transport: Ground Transportation, Air Cargo, Ocean Freight
3) By Technology: Automated Storage And Retrieval Systems, Warehouse Management Systems, Transportation Management Systems, Blockchain, Internet of Things, Artificial Intelligence And Machine Learning, Robotics
4) By Temperature Control: Ambient, Controlled, Refrigerated, Frozen, Cryogenic
5) By End User: Pharmaceutical And Biopharmaceutical Companies, Hospitals And Clinics, Medical Device Manufacturers, Research Laboratories, Healthcare Providers, Other End Users

Subsegments:
1) By Cold Chain Logistics: Refrigerated Storage, Refrigerated Transportation, Packaging Solutions for Temperature-Sensitive Products, Cold Chain Monitoring Systems, Specialized Cold Chain Warehousing
2) By Non-Cold Chain Logistics: Warehousing And Storage, Transportation Management, Inventory Management, Order Fulfillment Services, Packaging And Labeling

Which Major Trends Are Shaping the Future of the Healthcare Third-Party Logistics Industry?
Top-tier firms in the healthcare third-party logistics market are prioritizing the creation of cutting-edge solutions, such as specific cell and gene therapy logistics platforms. These platforms guarantee secure, prompt, and temperature-sensitive distribution of advanced treatment methodologies. These platforms, uniquely designed for handling sensitive, time-efficient, and temperature-regulated transportation and storage of delicate biological therapies utilised in personalised medicine. For example, in October 2024, the American healthcare conglomerate, McKesson Corporation, introduced Inspirogene, a bespoke business division meant to aid the commercialisation of cell and gene therapies via state-of-the-art third-party logistics and specialty distribution services. This revolutionary solution combines advanced supply chain management, temperature-sensitive storage, and real-time tracking to maintain product quality, assure prompt delivery, and effective distribution of crucial vaccines and treatments. Inspirogene provides a versatile platform adapted to the specific logistical requirements of cell and gene therapies, simplifying their delivery and aiding their market introduction with accuracy and dependability.

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Which Key Players Dominate the Healthcare Third-Party Logistics Industry Globally?
Major companies operating in the healthcare third-party logistics market are McKesson Corporation, Cencora Inc, Cardinal Health Inc, Federal Express Corporation, A.P. Moller - Maersk A/S, Kuhne + Nagel International AG, Schenker AG, CEVA Logistics India Private Limited, GEODIS SA, Rhenus SE And Co. KG, XPO Inc., Agility Logistics Private Limited, Allcargo Logistics Limited, Noatum Logistics India Private Limited, Barrett Distribution Centers Inc., UPS Supply Chain Solutions Inc., Buske Logistics Inc., Falcon International LLC, DHL Supply Chain India Private Limited, Coldman Logistics Private Limited.

What Are the Fastest-Growing Regions in the Healthcare Third-Party Logistics Market?
North America was the largest region in the healthcare third-party logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare third-party logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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