Our comprehensive research on the Global Healthcare Logistics Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global healthcare logistics market size was US$ 155.2 billion in 2021. The global healthcare logistics market is forecast to grow to US$ 284.7 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Healthcare logistics is the process of packaging and transporting healthcare goods, such as surgical supplies, pharmaceuticals, medical devices, and other products to clinics, pharmacies, hospitals, etc.
Factors Influencing the Market
Growing individual spending on healthcare is the primary factor driving the growth of the healthcare logistics market. Furthermore, other factors like the introduction of novel devices and growing competition between manufacturers will benefit the overall market.
UDI system offers a comprehensive range of benefits to players in the healthcare logistics industry, consumers, and healthcare providers. Implementation of a Unique Device Identification system (UDI) is expected to increase the growth prospects for the industry during the analysis period.
The rising global demand for medicines and medical devices is another growth driver for the global healthcare logistics market. Pharmaceutical and medical device manufacturing is becoming more complicated as companies extend their product portfolios to keep up with a quickly changing market and meet client demands. This will prompt the growth of the market during the study period.
The rising frequency of chronic diseases will also upsurge the demand for contemporary healthcare products and services. Furthermore, the development of advanced technology to transport medicines with efficacy will boost the growth of the market. For instance, the United Parcel Service firm tested its drone delivery technology by transferring lab samples across multiple hospital campus buildings at Wake Med in 2020. Thus, technological advancements will offer lucrative growth opportunities for the healthcare logistics market during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic unexpectedly intensified the demand for efficient medicines worldwide. The mobility restrictions during the pandemic increased the demand for online purchases. As a result, medicine-providing platforms recorded a significant surge in the user base. Furthermore, immense effort to transport COVID-19 vaccines and favourable government initiatives further amplified the market growth.
During the projected period, Asia-Pacific is expected to have the highest growth rate. The pharmaceutical business has shown a strong interest in emerging Asian markets. The regional markets growth is also driven by rising government spending on R&D projects. Further, growing health awareness among consumers, particularly in emerging economies like India and China, will raise the demand for efficient therapies and treatments. Thus, it will surge the growth of the healthcare logistics market during the forecast period.
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Competitors in the Market
- Deutsch Post DHL
- FedEx Corporation
- CEVA Logistics
- Kuehne + Nagel
- DB Schenker
- C.H. Robinson
- XPO Logistics
- Cardinal Health
- Owens & Minor
- Lufthansa Cargo
- Cold Chain Technologies
- Bollore Logistics
- PHEONIX Group
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Healthcare Logistics industry experienced notable growth in its workforce. Starting in January, employment within the Healthcare Logistics sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Healthcare Logistics output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sectors production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Healthcare Logistics output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Healthcare Logistics market, remains both its largest producer and consumer. Remarkably, Chinas market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nations GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Healthcare Logistics market.
The global healthcare logistics market segmentation focuses on Product, Functionality, End-Users, and Region.
By Product Outlook
- Medical Devices
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By Functionality Outlook
By End-Users Outlook
- Healthcare Facilities
- Research & Diagnostic Laboratories
By Regional Outlook
- North America
- The U.S.
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Healthcare Logistics Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Healthcare Logistics Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Healthcare Logistics Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Healthcare Logistics Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Healthcare Logistics market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Healthcare Logistics market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Healthcare Logistics business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
? Assisting businesses in gauging the viability of new or existing products or services.
? Facilitating business enterprises in the identification and cultivation of novel market segments.
? Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
? Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
? Analyzing market trends to aid businesses in devising adaptive strategies.
? Guiding businesses in the optimal placement of their products.
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