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Healthcare Logistics Market 2022 Demand Analysis, Growth Statistics, Revenue and Forecast to 2030 | (CAGR) of 7.1%

Report Ocean published the latest research report on the Healthcare Logistics market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Healthcare Logistics market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

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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.

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.

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Regional Analysis

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 market’s 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.

Competitors in the Market

  • AmerisourceBergen
  • Deutsch Post DHL
  • FedEx Corporation
  • CEVA Logistics
  • Kuehne + Nagel
  • DB Schenker
  • C.H. Robinson
  • DSV
  • Farmasoft
  • XPO Logistics
  • Cardinal Health
  • Owens & Minor
  • Lufthansa Cargo
  • Cold Chain Technologies
  • Medline
  • Oximio
  • Maersk
  • Alloga
  • Bollore Logistics
  • PHEONIX Group
  • Other Prominent Players

Market Segmentation

The global healthcare logistics market segmentation focuses on Product, Functionality, End-Users, and Region.

By Product Outlook

  • Pharmaceuticals
  • Medical Devices

By Functionality Outlook

  • Transportation
  • Warehousing
  • Others

By End-Users Outlook

  • Pharmacies
  • Healthcare Facilities
  • Research & Diagnostic Laboratories
  • Others

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By Regional Outlook

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

What factors are taken into consideration when assessing the key market players?

  • The report analyzes companies across the globe in detail.
  • The report provides an overview of major vendors in the market, including key players.
  • Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
  • This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
  • Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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