Healthcare Logistics Market Worth $227.90 Billion By 2027
The global Healthcare Logistics market gathered revenue around USD 144.12 Billion in 2020 and market is set to grow USD 227.90 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 8.1% during the prediction period 2021 to 2027.
Growth Factors:
The report on healthcare logistics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing global pharmaceutical sales, increasing government initiatives, and rising seaborne pharmaceutical transportation.
The healthcare logistics market analysis includes product segment, service segment and geographical landscapes. This study identifies the emergence of drones in healthcare logistics as one of the prime reasons driving the healthcare logistics market growth during the next few years. Also, increase in patent expiration and growing number of initiatives to promote cold chain logistics will lead to sizable demand in the market.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Healthcare Logistics market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Healthcare Logistics market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 227.90 Billion by 2027 |
| Growth Rate | CAGR of 8.1% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product, Functionality, End User and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Air Canada, AmerisourceBergen Corp., CEVA Logistics AG, Cold Chain Technologies LLC, Continental Cargo OU, Deutsche Post DHL Group, FedEx Corp., Kuehne + Nagel International AG, Schenker AG, and United Parcel Service Inc.. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Healthcare Logistics market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
• North America: North America region accounted for the largest share in the market in 2020 mainly because of the presence of a majority of healthcare suppliers in the region. High acceptance, the prevalence of chronic disease, growing geriatric population are some of the factors contributing to the growth of this region.
• Europe: Europe is the second highest region in the healthcare logistics industry in 2020. Major factors contributing to market growth in this region include the availability of highly advanced and robust healthcare technology, medical infrastructure, increasing demand for healthcare products, and increasing collaborations.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Healthcare Logistics Market include: Air Canada, AmerisourceBergen Corp., CEVA Logistics AG, Cold Chain Technologies LLC, Continental Cargo OU, Deutsche Post DHL Group, FedEx Corp., Kuehne + Nagel International AG, Schenker AG, and United Parcel Service Inc.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
By Product
• Pharmaceuticals
• Medical Devices
By Functionality
• Transportation
• Warehousing
• Others
By End User
• Pharmacy
• Healthcare Facilities
• Research & Diagnostic Laboratories
• Others
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Healthcare Logistics market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Healthcare Logistics market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Healthcare Logistics markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Healthcare Logistics Market Study:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers