Healthcare Logistics Market Size to Reach USD 192.3 Billion by 2032 growing at 8.6% CAGR - Exclusive Report by Acumen Research and Consulting

The Healthcare Logistics Market, valued at USD 91.8 Billion in 2023, is anticipated to surpass USD 192.3 Billion by 2032, reflecting a projected CAGR of 8.6% Healthcare logistics is an important part of the medical system because pharmaceuticals and medical devices must be handled and transported with extreme care. Healthcare logistics is a subset of logistics services concerned with transporting, storing, handling, and delivering medical products from the manufacturing unit to the desired location. As a result, the equipment and personnel services in the health care supply chain are prohibitively expensive. Logistics is used in the pharmaceutical industry to manage the entire process of storing, acquiring, and moving resources to end-users based on their needs. Consolidation among drug manufacturers to increase their market share and international reach is the latest market trend gaining traction. Furthermore, technological developments such as cloud-based supply chain processes and blockchain technology, which provide precise and dependable real-time data on operational processes, will drive market growth. The global COVID-19 pandemic is having a negative effect on all countries and societies, resulting in unprecedented human and economic costs. The availability of effective and safe anti-virus vaccines, as well as specialized diagnostic imaging techniques and therapeutic applications, the improvement of current zoonotic introductions, and adherence to healthcare and social measures, all contribute to the saving of additional lives. The access to COVID-19 Tools Accelerator COVAX Facility's, vaccine pillar aims to accelerate balanced access to proper, safe, and efficacious vaccines for all countries. However, the impact of the COVID-19 pandemic is a critical factor in the rapid growth of healthcare logistics. During the global epidemic, governments across the world are emphasizing healthcare facilities and an ample supply of medications for patients. Healthcare Logistics Market Statistics In 2023, the worldwide healthcare logistics market was worth USD 91.8 billion From 2024 to 2032, the market is predicted to increase at a steady annual rate of 8.6% North America accounts for 41% of the healthcare logistics market The healthcare logistics market is growing at an 9.4% CAGR in Asia-Pacific The pharmaceutical products generates the highest income in the market The cold chain logistics supply chain has significantly contributed to revenue growth The market is driven by the expansion of AI-driven supply chain optimization in healthcare logistics Download Sample Report Copy : https://www.acumenresearchandconsulting.com/request-sample/3771 Healthcare Logistics Market Dynamics Global Healthcare Logistics Market Growth Aspects Increased production and consumption of pharmaceutical drugs and advanced medical devices as a result of the high incidence of chronic diseases, as well as strong growth in the target patient population, are expected to drive growth in the global healthcare logistics market over the forecast period. Due to the global impact of COVID-19, the market for cold-chain and non-cold chain healthcare logistics is expected to grow rapidly. Furthermore, the steadily increasing use of air transport logistical support for intercontinental and long-distance distribution of valuable drugs and vaccines is expected to play a significant role in the growth of the healthcare logistics market. Furthermore, changing consumer lifestyle habits and dietary factors are driving demand for temperature-sensitive nutrients and food supplements, which are expected to boost demand for the industry during the healthcare logistics market forecast period. Healthcare Logistics Market Segmentation The worldwide healthcare logistics market is divided into 5 segments: product, service type, supply chain, end user, and regional markets Product: pharmaceutical products, medical devices, and others Service type: transportation (air freight, sea freight, and overland transportation), warehouse and storage, and monitoring components Supply Chain: cold chain logistics, and non-cold chain logistic End User: pharmaceutical companies, hospitals & clinics, biotechnology companies, retail & online pharmacies, and research & diagnostic laboratories Regional: the Middle East & Africa, Asia-Pacific, Europe, Latin America, and North America Healthcare Logistics Market Regional Outlook North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global healthcare logistics market. The Asia-Pacific region is expected to be the fastest-growing region in the market due to strong economic growth in developing countries such as China and India. The Asia-Pacific healthcare logistics market is anticipated to grow due to a large population's demand for over-the-counter medications. During the COVID 19 pandemic, the Asia-Pacific healthcare transportation and logistics market has seen massive development despite social and economic problems in two of its largest economic regions, the EU and the US, and is seeing a plethora of opportunities open up in emerging countries such as Africa. Furthermore, the pharmaceutical industry has been experiencing a geographical shift in terms of manufacturing and sales locations. Market participants are discovering exciting opportunities in emerging economies in Asia and the Middle East, which is expected to boost the market growth in these regions over the forecast period. Healthcare Logistics Market Players Healthcare logistics companies profiled in the report include United Parcel Service Inc., CEVA Logistics AG, Air Canada, AmerisourceBergen Corp., LifeConEx, Cold Chain Technologies LLC, Continental Cargo OU, VersaCold Logistics Services, Deutsche Post DHL Group, FedEx Corp., Kuehne + Nagel International AG, and Schenker AG. Buy Now this Report: https://www.acumenresearchandconsulting.com/buy-now/0/3771 Healthcare Logistics Market Insights Parameter Details Size in 2023 USD 91.8 Billion Forecast by 2032 USD 192.3 Billion CAGR During 2024 - 2032 8.6% Largest Service Type Segment (% Share 2023) Transportation – 70% Largest Region Size (2023) North America - USD 37.6 billion Fastest Growing Region (% CAGR) Asia-Pacific – 9.4% Key Players Covered United Parcel Service Inc., CEVA Logistics AG, Air Canada, AmerisourceBergen Corp., LifeConEx, Cold Chain Technologies LLC, Continental Cargo OU, VersaCold Logistics Services, Deutsche Post DHL Group, FedEx Corp., Kuehne + Nagel International AG, and Schenker AG. Request Customization Request Customization Mr. Richard Johnson Acumen Research and Consulting India: +91 8983225533 E-mail: sales@acumenresearchandconsulting.com