The Healthcare Logistics Market to Hit $290.73 Billion by 2029, Driven by High Adoption of Cloud-based Enterprise Resource Planning (ERP) Systems – Arizton

Healthcare Logistics Market Research Report by Arizton

According to Arizton’s latest research report, the healthcare logistics market is growing at a CAGR of 7.75% during 2023-2029.  

 

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Report Summary  

Market Size (2029): $290.73 Billion  

Market Size (2023): $185.77 Billion 

CAGR (2023-2029): 7.75%  

Historic Year: 2020-2022 

Base Year: 2023 

Forecast Year: 2024-2029 

Market Segmentation: Product, Functionality, End-user, and Geography 

Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa 

 

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The market is growing at a steady pace, and this trend is likely to continue during the forecast period due to the growing market for temperature-sensitive drugs and biological clinical materials, combined with increasing awareness among pharmaceutical and logistics enterprises, is amplifying the potential for temperature-controlled healthcare logistics, thereby benefiting the entire healthcare logistics market. 

 

Healthcare Facilities in End User Segment to Witness Fastest Growth Rate  

The healthcare facilities segment is projected to grow at a CAGR of 8% to reach $90.42 billion by 2029. In 2023, the healthcare facilities segment accounted for 30.67% of the global healthcare logistics market. This growth trend, with an absolute increase of 58.72%, includes hospitals, urgent care units, doctor’s offices, nursing homes, and ambulatory surgical centers. As the healthcare system becomes more complex, patients have more options for their care, increasing the demand for efficient healthcare logistics. Logistics are crucial for healthcare facilities, providing delivery, transportation, warehousing, and value-added services to ensure timely medical supplies. Strategic partnerships with third-party logistics (3PL) providers like DHL, UPS, Yusen Logistics, and Nippon Express help minimize healthcare costs while maintaining high-quality service standards. These collaborations allow healthcare companies to leverage streamlined processes, advanced technology, and infrastructure, reducing wastage and inefficiencies in the supply chain and achieving significant cost reductions. 

 

Market Trends 

M&A Strategies Expanding Healthcare into Non-Acute Settings  

The shift towards non-acute care settings represents a fundamental transformation in healthcare delivery, driven by the need to improve access, reduce costs, and enhance patient outcomes. Ambulatory surgery centers, community clinics, and home care services offer more convenient and less expensive alternatives to traditional hospital-based care, particularly for routine procedures and chronic disease management. Mergers and acquisitions are significant in this transition as healthcare organizations seek to expand their reach and capabilities by integrating non-acute services into their networks. For example, a health system may acquire a local hospital that operates ambulatory surgery centers or a network of clinics, allowing for better coordination of care and improved patient access across the continuum. The move towards non-acute care settings and preventative care reflects a broader shift towards value-based healthcare models prioritizing patient-centered, holistic wellness approaches. Through strategic M&A activities and targeted initiatives, healthcare organizations aim to create more efficient, equitable, and sustainable healthcare systems that meet the diverse needs of patients and communities. 

Adoption of Cloud-based Enterprise Resource Planning (ERP) Systems  

Adopting cloud-based enterprise resource planning (ERP) systems in the healthcare supply chain has significantly improved data management practices. These systems serve as centralized hubs for storing and managing vast amounts of data related to inventory, procurement, distribution, and other supply chain activities. One of the key benefits of cloud-based ERP systems is their ability to integrate data from various sources into a single, unified platform. This integration facilitates real-time visibility into inventory levels, demand patterns, and supply chain performance metrics across multiple facilities and locations. With all relevant data accessible from a centralized location, supply chain managers can make informed decisions quickly and efficiently. 

Furthermore, cloud-based ERP systems enable the deployment of advanced technologies such as artificial intelligence (AI) and machine learning (ML). These technologies leverage the rich data stored in the ERP system to drive predictive analytics and optimization algorithms. For example, AI and ML algorithms can analyze historical demand patterns to forecast future inventory needs more accurately, helping organizations optimize stock levels and reduce the risk of stockouts or excess inventory. Moreover, AI-powered analytics can identify potential disruptions in the supply chain, such as delays in product delivery or fluctuations in demand, allowing supply chain managers to proactively address these issues before they escalate. By leveraging AI-driven insights, healthcare organizations can improve supply chain resilience, minimize risks, and enhance operational efficiency. 

 

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Key Vendors 

Cencora 

CEVA Logistics 

FedEx 

Kuehne + Nagel 

DB Schenker 

Deutsche Post DHL Group 

United Parcel Service (UPS) 

AWL 

Alloga 

Bollore Logistics 

Cardinal Health 

C.H. Robinson 

Cold Chain Technologies (CCT) 

DSV 

Farmasoft 

Lufthansa Cargo 

Medline 

Nippon Express Co. Ltd 

Oximio 

SEKO Logistics 

Sinotrans Limited 

XPO Logistics 

ZirconMed 

GXO 

ArcBest 

Associated Couriers 

Carousel Logistics 

Crane Worldwide Logistics 

CRYOPDP 

DACHSER 

Expeditors 

Freight Logistics Solutions 

Global Group 

Kenco 

Kerry Logistics Network 

Kintetsu World Express 

Life Science Logistics 

Mercury 

Nissin International Logistics Provider 

Rhenus Logistics 

Geodis 

 

Segmentation & Forecast 

By Product Type 

Pharmaceuticals 

Medical Devices 

By Functionality 

Transportation 

Road 

Water 

Air 

Warehousing 

Others 

By End-user 

Pharmacies 

Healthcare Facilities 

Diagnostic Laboratories 

Others 

 

Geography 

North America 

The U.S. 

Canada 

Europe 

Germany 

The U.K. 

France 

Italy 

Spain 

APAC 

Japan 

China 

India 

Australia 

South Korea 

Latin America 

Brazil 

Mexico 

Argentina 

Middle East & Africa 

Turkey 

South Africa 

Saudi Arabia 

 

Key Questions Answered in the Report:  

What are the key trends in the global healthcare logistics market? 

Which region dominates the global healthcare logistics market? 

How big is the global healthcare logistics market? 

Who are the major players in the global healthcare logistics market? 

What is the growth rate of the global healthcare logistics market? 

 

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https://www.arizton.com/market-reports/healthcare-supply-chain-management-market 

 

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