2024-2033 Healthcare Logistics Market Forecast: Predicted Growth Rate and Market Size
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How Rapidly is the Healthcare Logistics Market Forecasted to Grow Between 2024 and 2033?
The healthcare logistics market has experienced strong growth in recent years. It will grow from $85.38 billion in 2023 to $93.2 billion in 2024, at a CAGR of 9.2%. The market expansion is due to increased demand for the transportation of pharmaceutical and medical devices, the expansion of global healthcare supply chains, a focus on temperature-sensitive logistics, and stringent regulatory and compliance requirements, especially with an aging population.
The healthcare logistics market is projected to grow strongly, reaching $134.03 billion by 2028 at a CAGR of 9.5%. Growth is attributed to e-commerce, telemedicine, personalized medicine, and increasing chronic diseases. Trends include blockchain integration, advanced inventory tracking, collaboration between logistics providers and healthcare institutions, and AI-driven logistics management.
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What Factors Are Behind the Rapid Growth of the healthcare logistics Market?
The growing global pharmaceutical sales are stimulating the growth of the healthcare logistics market. The pharmaceutical industry’s growth, evident in increased import and export volumes, underlines the need for robust logistics solutions. India’s pharmaceutical industry is projected to grow from USD 42 billion in 2021 to USD 65 billion by 2024. The escalating demand for healthcare logistics is driven by the need for efficient transportation and storage of pharmaceutical products.
What Are the Principal Segments of the Healthcare Logistics Market?
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
What Emerging Patterns Are Redefining the 38 Market?
Strategic partnerships and collaborations are shaping the healthcare logistics market. Key players in this sector are forging partnerships and collaborations to achieve common objectives more effectively by pooling resources, expertise, or capabilities. For instance, in March 2023, Health Care Logistics Inc. (HCL), a US-based healthcare logistics company, announced a collaboration with AmerisourceBergen. This collaboration enables users of AmerisourceBergen’s RFID-tagged products to utilize HCL’s Stat Stock inventory management solution, enhancing patient safety by enabling instant item tracking and streamlining the medication replenishment process.
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Which Geographical Regions Are Shaping the Healthcare Logistics Market Growth?
North America was the largest region in the healthcare logistics market in 2023 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, Africa
The Healthcare Logistics Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the healthcare logistics market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Healthcare Logistics Market Include
1. Healthcare Logistics Market Executive Summary
2. Healthcare Logistics Market Segments
3. Healthcare Logistics Market Size And Template Market Growth Rate
4. Key Healthcare Logistics Market Trends
5. Major Healthcare Logistics Market Drivers
……
25. Key Mergers And Acquisitions In The Healthcare Logistics Market
26. Top Healthcare Logistics Companies
27. Healthcare Logistics Market Opportunities And Strategies
28. Healthcare Logistics Market, Conclusions And Recommendations
29. Appendix
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