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.

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
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
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America