Global Healthcare Logistics Market Growth 2024, Forecast To 2033

In the healthcare logistics market, the size has grown strongly from $85.38 billion in 2023 to $93.2 billion in 2024, boasting a CAGR of 9.2%. The historic growth is attributed to the growing demand for pharmaceutical and medical device transportation, the expansion of global healthcare supply chains, increased focus on temperature-sensitive and specialized logistics for healthcare products, stringent regulations, and compliance requirements, and the aging population. Forecasts suggest strong growth to $134.03 billion in 2028, showcasing a CAGR of 9.5%. This growth is linked to the rise in e-commerce and direct-to-patient healthcare delivery models, growing demand for personalized medicine and precision healthcare, increasing adoption of telemedicine and remote patient monitoring, and an increasing focus on sustainability and eco-friendliness, and chronic diseases. Major trends in the forecast period include the integration of blockchain technology for enhanced transparency and traceability, adoption of advanced technologies for inventory tracking and management, collaboration between logistics providers and healthcare institutions, and the implementation of data analytics and artificial intelligence for predictive and proactive logistics management, and customization of logistics solutions for high-value and high-risk medical products.