Healthcare Third-party Logistics Market to Grow with a CAGR of 7.27% through 2030
Globalization of pharmaceutical markets is expected to
drive the Global Healthcare Third-party Logistics Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “Healthcare
Third-party Logistics Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030”, the Global Healthcare
Third-party Logistics Market stood at USD 254.23 million in 2024 and is
anticipated to grow with a CAGR of 7.27% in the forecast period, 2026-2030. Healthcare
Third-party Logistics providers offer a range of Logistics services, including
supply chain management, transportation, warehousing, and distribution, to
pharmaceutical companies, medical device manufacturers, hospitals, and
healthcare providers. One of the primary drivers of the healthcare
Third-party Logistics market is the growing complexity of healthcare supply
chains. The pharmaceutical and medical device industry, in particular, deals
with a wide range of products, from temperature-sensitive drugs and biologics
to high-value medical equipment. Managing these diverse and often delicate
products necessitates specialized Logistics expertise. Healthcare Third-party
Logistics providers are equipped to handle the unique requirements of these
products, including cold chain Logistics, which is crucial in maintaining the
efficacy of many medical items. As the healthcare industry continues to
innovate with new products, the demand for specialized Third-party Logistics services
is expected to rise.
The healthcare sector is heavily regulated, and
compliance with strict standards is essential for ensuring the safety and
efficacy of medical products. Healthcare Third-party Logistics providers are
well-versed in adhering to the stringent regulatory requirements that govern
the industry. They play a crucial role in managing the necessary documentation,
quality control, and reporting processes that are essential for regulatory
compliance. Failure to meet regulatory standards can result in severe
consequences, making healthcare Third-party Logistics providers indispensable
for companies looking to navigate the complex web of regulations in the
healthcare sector.
The globalization of pharmaceutical markets has opened
up new opportunities for the healthcare Third-party Logistics industry.
Pharmaceutical companies often need to transport their products across borders,
and this requires a deep understanding of international Logistics, customs
procedures, and compliance with different regulatory frameworks. Healthcare
Third-party Logistics providers with a global presence and expertise in
international shipping can facilitate the expansion of pharmaceutical companies
into new markets, making them a crucial partner in the industry's growth.
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The Global Healthcare Third-party Logistics Market is segmented into Industry, Service Type, Supply Chain, Regional Distribution, And Company.
The rise of e-commerce in the healthcare industry has
created new Logistics challenges and opportunities. With the growth of online
pharmacies and the direct-to-patient delivery model, healthcare companies are
increasingly relying on Third-party Logistics providers to manage and optimize
their last-mile delivery processes. These Third-party Logistics providers have
the capabilities to handle home deliveries of medications, medical equipment,
and other healthcare products, ensuring timely and secure delivery to patients'
doorsteps.
Based on the Industry, Pharmaceutical industry emerged as a fastest category in the global market for Global Healthcare Third-party Logistics Market. The pharmaceutical industry operates within highly complex supply chains, often involving multiple stakeholders, intricate regulations, and extensive global networks. The need for specialized logistics services is significant due to the diversity of pharmaceutical products, including temperature-sensitive medications, biologics, and high-value drugs. The pharmaceutical industry operates within a highly regulated environment, with stringent quality and safety standards. Adherence to Good Distribution Practices (GDP) and various regulatory requirements is non-negotiable. Healthcare Third-party Logistics providers with specialized knowledge in managing complex pharmaceutical logistics are well-positioned to help pharmaceutical companies comply with these standards.
The pharmaceutical and medical device
industries are inherently global, and healthcare products frequently move
across national and international borders. Healthcare Third-party Logistics providers
with a global presence and knowledge of international Logistics, customs
procedures, and regulatory requirements are invaluable in facilitating the
expansion of healthcare companies into new markets. Their ability to handle
complex international Logistics and ensure timely delivery is a key driver of
their high demand.
The Asia Pacific region is experiencing significant growth in the Healthcare Third-Party Logistics (3PL) market. Rapid urbanization, rising healthcare expenditures, and an expanding population are all contributing to an increased demand for healthcare products and services. As the healthcare industry becomes more complex, pharmaceutical companies, medical device manufacturers, and other healthcare providers are increasingly relying on third-party logistics providers to optimize their supply chains and ensure timely delivery of critical products.
In addition, the region’s diverse regulatory landscape requires specialized logistics expertise to navigate local requirements for product handling, storage, and distribution. 3PL providers offer customized solutions, such as cold chain logistics for temperature-sensitive products, which are essential for vaccines, biologics, and other sensitive healthcare goods.
Major companies operating in Global Healthcare
Third-party Logistics Market are:
- Cardinal Health.
- DHL Group
- SF Express
- Kinesis Medical B.V.
- United Parcel Service of America, Inc.
- Barrett Distribution
- AmerisourceBergen Corporation
- KUEHNE + NAGEL
- Kerry Logistics Network Ltd.
- Freight Logistics Solutions
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“The Global Healthcare
Third-party Logistics Market is poised for significant growth in the coming
years. The healthcare industry is becoming increasingly complex, with a growing
demand for specialized Logistics services, especially in the transportation of
temperature-sensitive pharmaceuticals, biologics, and vaccines. The COVID-19
pandemic has underscored the importance of agile and resilient supply chains,
further highlighting the need for efficient Third-party Logistics in
healthcare. The rise of e-commerce, direct-to-patient delivery models, and the
globalization of pharmaceutical markets are reshaping the industry, creating a
surge in demand for tailored Logistics solutions.” said Mr. Karan Chechi,
Research Director at TechSci Research, a research-based management consulting
firm.
“Healthcare Third-party Logistics Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Industry (Biopharmaceutical, Medical Device, Pharmaceutical), By
Service Type (Transportation, Warehousing and Storage, Others), By Supply Chain
(Cold Chain, Non-Cold Chain) By Region, By Competition Forecast & Opportunities, 2020-2030F”, has evaluated
the future growth potential of Global Healthcare Third-party Logistics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Healthcare Third-party Logistics Market.
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