PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615964
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615964
Healthcare Logistics Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Healthcare Logistics Market was valued at USD 91.4 billion in 2023 and is expected to grow at 8.9% CAGR from 2024 to 2032. The integration of AI, IoT, and blockchain enable the optimization of supply chain solutions and enhance predictive analytics for demand forecasting, streamlines inventory management, and waste reduction. Green logistics is gaining traction as healthcare logistics providers adopt sustainable practices. These include using electric vehicles, optimizing route planning to lower carbon footprints, and employing eco-friendly packaging materials. These initiatives not only reduce environmental impact but also align with the corporate social responsibility (CSR) goals of healthcare organizations.
The market is segmented into inbound logistics, outbound logistics, and reverse logistics. The outbound logistics segment generated the highest revenue of USD 50.8 billion in 2023. Outbound logistics plays a crucial role in distributing finished pharmaceutical products from manufacturers to end-users, such as wholesalers, hospitals, pharmacies, and patients. Ensuring timely and safe delivery of life-saving medications is essential. The increasing prevalence of chronic diseases and an aging population drive the need for reliable medication delivery.
The rise of e-commerce and direct-to-consumer pharmaceutical sales has significantly boosted the demand for robust outbound logistics networks. In April 2024, Cardinal Health announced the construction of a new warehouse for storing over-the-counter drugs, expected to be operational by summer 2025, enhancing their logistics capabilities. The transportation segment dominated the market in 2023 and is anticipated to reach USD 137.6 billion by 2032. Transportation services in healthcare logistics involve moving products from one location to another, covering both outbound and inbound logistics. Various modes of transport, such as air, sea, road, and rail, are utilized.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $91.4 Billion |
| Forecast Value | $196.4 Billion |
| CAGR | 8.9% |
Efficient transportation services are vital for timely delivery of healthcare products to meet patient needs and regulatory requirements. The demand for efficient and reliable transport of pharmaceuticals, medical devices, and other healthcare products is increasing. The globalization of the healthcare industry and the need to reach remote areas further emphasize the importance of transportation services. The U.S. healthcare logistics market was valued at USD 32.8 billion and is projected to grow significantly in the coming years.
The market in the U.S. is driven by the adoption of advanced technologies and a highly developed healthcare infrastructure. The focus on improving patient outcomes and reducing healthcare costs has led to the integration of sophisticated logistics solutions. Investments by the U.S. government and private sector in healthcare infrastructure, particularly in cold-chain logistics for vaccine distribution, have significantly boosted the market.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing adoption of E-commerce
- 3.2.1.2 Rising cross-border trades and collaborations
- 3.2.1.3 Technological advancement in software solutions
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Stringent government regulations
- 3.2.2.2 High cost of solution installation and maintenance
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.5 Technology landscape
- 3.6 Porter's analysis
- 3.7 PESTEL analysis
- 3.8 Future market trends
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company matrix analysis
- 4.3 Competitive analysis of major market players
- 4.4 Competitive positioning matrix
- 4.5 Strategy dashboard
Chapter 5 Market Estimates and Forecast, By Category, 2021 - 2032 ($ Mn)
- 5.1 Key trends
- 5.2 Inbound logistics
- 5.3 Outbound logistics
- 5.4 Reverse logistics
Chapter 6 Market Estimates and Forecast, By Supply Chain, 2021 - 2032 ($ Mn)
- 6.1 Key trends
- 6.2 Cold-chain supply chain
- 6.3 Non cold-chain supply chain
Chapter 7 Market Estimates and Forecast, By Type, 2021 - 2032 ($ Mn)
- 7.1 Key trends
- 7.2 Transportation
- 7.2.1 Road transport
- 7.2.2 Airline transport
- 7.2.3 Maritime transport
- 7.2.4 Rail transport
- 7.3 Warehousing
- 7.3.1 Inventory management
- 7.3.1.1 Storage
- 7.3.1.2 Packaging
- 7.3.1.3 Tracking
- 7.3.1.4 Order fulfillment
- 7.3.1.5 Delivery and distribution
- 7.3.2 Others warehousing services
- 7.3.1 Inventory management
Chapter 8 Market Estimates and Forecast, By Products, 2021 - 2032 ($ Mn)
- 8.1 Key trends
- 8.2 Pharmaceutical products
- 8.2.1 Drugs
- 8.2.2 Vaccines
- 8.2.3 Others pharmaceutical products
- 8.3 Medical devices and equipment
Chapter 9 Market Estimates and Forecast, By Mode, 2021 - 2032 ($ Mn)
- 9.1 Key trends
- 9.2 Outsourcing
- 9.3 In-house
Chapter 10 Market Estimates and Forecast, By Component, 2021 - 2032 ($ Mn)
- 10.1 Key trends
- 10.2 Software
- 10.3 Hardware
- 10.4 Services
Chapter 11 Market Estimates and Forecast, By End-use, 2021 - 2032 ($ Mn)
- 11.1 Key trends
- 11.2 Pharmaceutical and biotechnology companies
- 11.3 Healthcare facilities
- 11.4 Medical device companies
- 11.5 Other end-users
Chapter 12 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)
- 12.1 Key trends
- 12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
- 12.3 Europe
- 12.3.1 Germany
- 12.3.2 UK
- 12.3.3 France
- 12.3.4 Spain
- 12.3.5 Italy
- 12.3.6 Netherlands
- 12.3.7 Rest of Europe
- 12.4 Asia Pacific
- 12.4.1 China
- 12.4.2 Japan
- 12.4.3 India
- 12.4.4 Australia
- 12.4.5 South Korea
- 12.4.6 Rest of Asia Pacific
- 12.5 Latin America
- 12.5.1 Brazil
- 12.5.2 Mexico
- 12.5.3 Argentina
- 12.5.4 Rest of Latin America
- 12.6 Middle East and Africa
- 12.6.1 South Africa
- 12.6.2 Saudi Arabia
- 12.6.3 UAE
- 12.6.4 Rest of Middle East and Africa
Chapter 13 Company Profiles
- 13.1 Agility
- 13.2 C.H. Robinson
- 13.3 Cardinal Health
- 13.4 CERNER
- 13.5 CEVA Logistics
- 13.6 DB Group
- 13.7 DSV
- 13.8 FedEx
- 13.9 Infor
- 13.10 Kerry Logistics
- 13.11 Kuehne + Nagel
- 13.12 Nippon Express
- 13.13 Oracle
- 13.14 SAP SE
- 13.15 SF Express
