Healthcare logistics market to reach $192.81 billion by 2032, with strong growth potential.
From GlobeNewswire: 2025-04-17 08:30:00
The Healthcare Logistics Market is booming, with a value of USD 88.04 billion in 2023 set to reach USD 192.81 billion by 2032, growing at a CAGR of 9.07%. The U.S. Healthcare Logistics Market is valued at USD 26.66 billion in 2023 and is expected to reach USD 57.05 billion by 2032, with a CAGR of 8.79%.
Key companies in the Healthcare Logistics Market include McKesson Corporation, Cardinal Health, DHL Supply Chain, UPS Healthcare, FedEx HealthCare Solutions, and more. The Biopharmaceutical segment dominates the market, driven by demand for biologics and vaccines. Warehousing & Storage is crucial for secure storage of pharmaceuticals. Non-Cold Chain logistics dominate due to the wide availability of pharmaceuticals. Outsourcing logistics is popular among healthcare companies. Pharmaceutical & Biotechnological Companies lead the market.
The Healthcare Logistics Market is on a strong growth trajectory, driven by factors like the rising demand for temperature-sensitive logistics and the increased complexity of global healthcare supply chains. The market is also benefiting from improved automation and the trend of outsourcing logistics services to specialized providers. With key players like McKesson Corporation and UPS Healthcare, the market is poised for continued growth. Pharmaceutical and biotech companies are increasingly relying on third-party logistics providers for cold chain logistics and real-time monitoring of temperature-sensitive products. The healthcare logistics market is dominated by North America, with Asia-Pacific expected to register the fastest growth due to increasing healthcare infrastructure and demand for medical care.
The healthcare logistics market is segmented by industry (biopharmaceutical, medical device, pharmaceutical), service (transportation, warehousing), supply chain, mode, and end user. North America holds a 43.06% market share, with the U.S. leading due to its healthcare and logistics network. Asia-Pacific is forecasted to have a 9.89% CAGR, driven by growing healthcare demands.
For detailed insights on the healthcare logistics market, connect with analysts at SNS Insider for comprehensive analysis and forecasts. The market is projected to see significant growth in the coming years, with opportunities in various segments like pharmaceutical logistics, cold chain monitoring, supply chain management, and medical supply delivery services. Stay informed with SNS Insider for the latest market updates.
Read more at GlobeNewswire: Healthcare Logistics Market Size to Hit USD 192.81 Billion