Healthcare Logistics Global Market to Reach $107.89 Billion by 2026 at a CAGR of 8.66%

Air Canada, AmerisourceBergen Corp., Cold Chain Technologies LLC, Alloga, DSV, FedEx Corp., Deutsche Post DHL Group, Schenker AG, United Parcel Service Inc.? Kuehne + Nagel International AG, Owens & Minor, PHEONIX Group, C.H. Robinson, CEVA Logistics AG, Lufthansa Cargo, and Farmasoft are strong market participants in the healthcare logistics sector.

The market for global healthcare logistics can grow from $71.01 billion in 2021 to $77.39 billion in 2022, with a (CAGR) compound annual growth rate of 8.98%. With an annual compound annual growth rate (CAGR) of 8.66%, the healthcare logistics industry is anticipated to reach $107.89 billion in 2026.

Businesses (groups, individuals, and partnerships) that provide their services in the field of surgical, medical, and biopharmaceutical supply logistics make up this market. Making the best use of the physical and human resources available to healthcare systems, healthcare logistics aims to enhance the effectiveness, quality, and traceability of healthcare.

Transportation and warehousing are two of the key categories of services provided by healthcare logistics. Healthcare transport companies refer to the transportation of medical supplies via land, air, and other modes of transportation.

The pharmaceuticals, medical equipment, and devices that are carried or kept at the warehouse are all related to medicine.

These items are either name-brand or generic medications.

Pharmacies, health clinics, and research and diagnosis laboratories all make use of these logistics services.

The region is expected to grow at the fastest rate throughout the projected period and controlled the healthcare transportation market in 2021. The healthcare logistics market analysis includes data for Asia-Pacific, North America, South America, Western Europe, Eastern Europe, the Middle East, and Africa.

The healthcare supply chain research report is one of a new series of reports that offers statistics on the healthcare logistics market, including market size for the sector globally, regional shares, rivals with a stake in the sector, in-depth market segments for the sector, market dynamics and opportunities, and any other information you might require to succeed in the sector. This market research study on healthcare logistics gives you a comprehensive view of everything you'll need and provides a detailed analysis of the industry's present and future developments.

The market for healthcare logistics is anticipated to increase as a result of rising worldwide pharmaceutical sales. An increase in pharmaceutical sales is anticipated to increase the need for logistics because more pharmaceutical items and drugs need to be kept and delivered to pharmacies, pharmacy stores, and other locations.

For the integrity of a pharmaceutical cargo to be maintained during air, land, and sea transportation of healthcare supplies, logistical methods must be developed.

Specific tools, storage spaces, standardized handling techniques, and close collaboration between the cold chain members will be needed.

The Department of Pharmaceuticals at the Indian Ministry of Fertilizers and Chemicals reports that the volume of pharmaceutical import and export trade increased by 1.78% from the fiscal year FY19 to FY20 in July 2021. Furthermore, the domestic pharmaceutical business in India is anticipated to rise from US$ 42 billion in 2021 to US$ 65 billion by 2024 and then to another US$ 120–130 billion by 2030, according to the Pharmaceutical Industry Report published by the India Brand Equity Foundation in March 2022. Therefore, it is anticipated that during the projection period, rising worldwide pharmaceutical sales will increase demand for healthcare logistics.

Technology development is a major trend that is becoming more and more popular in the medical logistics business. To improve their market position, major players in the health logistics sector are concentrating on offering technologically sophisticated logistical solutions.

To boost supply chain productivity, cut costs, and prevent mistakes, these businesses are integrating next-generation logistic support solution innovations into their facilities, such as automated processes, machine learning and artificial intelligence (AI and ML), blockchain, transport management systems, and others.

For instance, the healthcare logistics sub-brand FORPATIENTS was introduced by CEVA Logistics, a French company, in April 2021.

In temperature-controlled facilities all around the world, this new temperature-sensitive system gives healthcare and pharmaceutical industries total logistics solutions. Through integrated location and temperatures Internet of Things devices, the CEVA will offer visibility and tracking options for in-the-moment decisions.

AmerisourceBergen, a US-based pharmaceutical wholesaler, bought Alliance Healthcare Businesses in June 2021 for a total consideration of $6.275 billion in cash, subject to adjustments for customary working capital, net debt, and 2 million shares of AmerisourceBergen ordinary stock. AmerisourceBergen has expanded its global manufacturer services through this acquisition, increasing the reach and solutions for pharmaceutical distribution. Alliance Health is a UK-based supplier of clinical trial support, logistics, pharmaceutical wholesaling, and other cutting-edge healthcare services.

Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States of America are the nations covered in the healthcare logistics industry report.