Healthcare Logistics Market
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Healthcare Logistics Market Size, Growth Rate, And Forecast
The global healthcare logistics market size grew from $76.86 billion in 2022 to $83.95 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare logistics market size is expected to grow to $113.01 billion in 2027 at a CAGR of 7.7%.
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Healthcare Logistics Market Drivers
The growing global pharmaceutical sales are expected to propel the growth of the healthcare logistics market. Increasing sales of pharmaceuticals is expected to boost the demand for logistics as the pharmaceutical products or drugs should be stored and transported to pharmacies, drug stores, and others, thus increasing the demand for transportation or healthcare logistics. Transporting healthcare products by air, roads, and sea needs the formation of logistical methods for sustaining a pharmaceutical shipment’s integrity. It will require specific equipment, storage facilities, harmonized handling procedures, and strong cooperation among the cold chain partners. According to the annual report published by the Indian Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, In July 2021, there was an increase in trade of import and export volume of pharmaceuticals by 1.78% from Financial year FY19 to FY20. Furthermore, According to the Pharmaceutical Industry Report published by India Brand Equity Foundation, In March 2022, The domestic pharmaceutical industry in India is expected to grow from USD 42 billion in 2021 to USD 65 billion by 2024 and then another USD 120-130 billion by 2030. Therefore, the growing global pharmaceutical sales are expected to boost demand for healthcare logistics during the forecast period.
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Healthcare Logistics Market Segments
• By Service: Transportation, Warehousing
• By Product: Pharmaceutical Products, Medical Devices, Medical Equipment
• By Type: Branded Drugs, Generic Drugs
• By End-Users Outlook: Pharmacies, Healthcare Facilities, Research and Diagnostic Laboratories
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the healthcare logistics market.
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Healthcare Logistics Market Key Players
Major competitors in the healthcare logistics market are Air Canada, AmerisourceBergen Corp, CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post DHL Group, FedEx Corp, Kuehne + Nagel International AG.
The Business Research Company’s “Global Healthcare Logistics Market Report 2023” is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market’s historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Healthcare Logistics Market Include:
1. Executive Summary
2. Healthcare Logistics Market Characteristics
3. Healthcare Logistics Market Trends And Strategies
4. Healthcare Logistics Market – Macro Economic Scenario
5. Healthcare Logistics Market Size And Growth
27. Healthcare Logistics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare Logistics Market
29. Healthcare Logistics Market Future Outlook and Potential Analysis
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