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

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Dublin, Sept. 22, 2022 (GLOBE NEWSWIRE) -- The "Healthcare Logistics Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global healthcare logistics market is expected to grow from $71.01 billion in 2021 to $77.39 billion in 2022 at a compound annual growth rate (CAGR) of 8.98%. The healthcare logistics market is expected to grow to $107.89 billion in 2026 at a compound annual growth rate (CAGR) of 8.66%.

North America was the largest region in the healthcare logistics market in 2021 and is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing global pharmaceutical sales are expected to propel the growth of the healthcare logistics market. Increasing sales of pharmaceuticals is expected to boost the demand for logistics as the pharmaceutical products or drugs should be stored and transported to pharmacies, drug stores, and others, thus increasing the demand for transportation or healthcare logistics.

Transporting healthcare products by air, roads, and sea needs the formation of logistical methods for sustaining a pharmaceutical shipment's integrity. It will require specific equipment, storage facilities, harmonized handling procedures, and strong cooperation among the cold chain partners. According to the annual report published by the Indian Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, In July 2021, there was an increase in trade of import and export volume of pharmaceuticals by 1.78% from Financial year FY19 to FY20.

Furthermore, According to the Pharmaceutical Industry Report published by India Brand Equity Foundation, In March 2022, The domestic pharmaceutical industry in India is expected to grow from US$ 42 billion in 2021 to US$ 65 billion by 2024 and then another US$ 120-130 billion by 2030. Therefore, the growing global pharmaceutical sales is expected to boost demand for healthcare logistics during the forecast period.

Advancement in technology is a key trend gaining popularity in the healthcare logistics market. Major companies operating in the healthcare logistics market are focused on providing technologically-advanced logistics solutions to strengthen their market position. These companies are implementing next-generation logistics solution technologies into their services, such as automation, artificial intelligence and machine learning (AI and ML), blockchain, transportation management systems, and others, to increase supply chain productivity, reduce costs and avoid errors.

For instance, In April 2021, a France-based CEVA Logistics company launched the FORPATIENTS healthcare logistics sub-brand. This new temperature-sensitive solution offers complete logistics solutions to healthcare and pharmaceutical companies in temperature-controlled facilities worldwide. The CEVA will provide visibility and tracking solutions for real-time decisions through embedded location and temperature IoT devices.

In June 2021, AmerisourceBergen, a US-based drug wholesale company, acquired Alliance Healthcare Businesses for a $6.275 billion deal amount in cash, subject to adjustment of usual working capital, net debt, and 2 million shares of AmerisourceBergen common stock. With this acquisition, AmerisourceBergen broadens pharmaceutical distribution reach and solutions and expands global manufacturer services. Alliance Healthcare is a UK-based provider of pharmaceutical wholesaling, logistics, support with clinical trials, and other innovative healthcare services.

Scope

Markets Covered:

1) By Service: Transportation; Warehousing
2) By Product: Pharmaceutical Products; Medical Devices; Medical Equipment
3) By Type: Branded Drugs; Generic Drugs
4) By End-Users Outlook: Pharmacies; Healthcare Facilities; Research and Diagnostic Laboratories

Key Topics Covered:

1. Executive Summary

2. Healthcare Logistics Market Characteristics

3. Healthcare Logistics Market Trends And Strategies

4. Impact Of COVID-19 On Healthcare Logistics

5. Healthcare Logistics Market Size And Growth

6. Healthcare Logistics Market Segmentation

7. Healthcare Logistics Market Regional And Country Analysis

8. Asia-Pacific Healthcare Logistics Market

9. China Healthcare Logistics Market

10. India Healthcare Logistics Market

11. Japan Healthcare Logistics Market

12. Australia Healthcare Logistics Market

13. Indonesia Healthcare Logistics Market

14. South Korea Healthcare Logistics Market

15. Western Europe Healthcare Logistics Market

16. UK Healthcare Logistics Market

17. Germany Healthcare Logistics Market

18. France Healthcare Logistics Market

19. Eastern Europe Healthcare Logistics Market

20. Russia Healthcare Logistics Market

21. North America Healthcare Logistics Market

22. USA Healthcare Logistics Market

23. South America Healthcare Logistics Market

24. Brazil Healthcare Logistics Market

25. Middle East Healthcare Logistics Market

26. Africa Healthcare Logistics Market

27. Healthcare Logistics Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Healthcare Logistics Market

29. Healthcare Logistics Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

  • Air Canada

  • AmerisourceBergen Corp

  • CEVA Logistics AG

  • Cold Chain Technologies LLC

  • Deutsche Post DHL Group

For more information about this report visit https://www.researchandmarkets.com/r/mblo3j

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