3PL Healthcare Logistics Market Dynamics - 2021 to 2031
The 3PL Healthcare Logistics Market is expected to register a CAGR of 7.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Transportation, Warehousing, Value Added Services). Futher, it is segmented based on Application (Pharmaceutical Manufacturers, Pharmaceutical Distributors, Hospital). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report 3PL Healthcare Logistics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
3PL Healthcare Logistics Market Segmentation
Type- Transportation
- Warehousing
- Value Added Services
- Pharmaceutical Manufacturers
- Pharmaceutical Distributors
- Hospital
Strategic Insights
3PL Healthcare Logistics Market Growth Drivers- Increasing Complexity of Healthcare Supply Chains: The healthcare supply chain is becoming more complex because of the diversity in products and regulatory requirements. This makes a strong case for specialized third-party logistics (3PL) providers that can efficiently deal with such complexities and ensure compliance.
- Growing Need for Cost-Effective Solutions: Healthcare companies are looking for inexpensive logistics solutions to improve their efficiency and performance. Economies of scale as well as expertise are provided by 3PL providers, which help the healthcare company to save cost without compromising on services.
- Technological innovation: Logistics technology-based innovations such as real time tracking and automated inventory management are improving the efficiency of healthcare logistics. Real-time innovations are imperative that would raise the standard of service delivery and operational efficiency.
- Sustainability Focus: There is a growing concern of sustainability in logistics as companies focus on more environmentally friendly practices. This includes the better usage of transportation routes and making use of sustainable packaging material.
- Advanced Technology Integration: Logistics in healthcare is transforming due to the adoption of emerging technologies like AI, IoT, and blockchain, which improve supply chain transparency and traceability and increase operational efficiency.
- Focus on Cold Chain Logistics: There is an increasing need for cold chain logistics to protect temperature-sensitive pharmaceuticals and biologics during transportation. It is a leading trend, while maintaining integrity and complying with regulations.
- E-commerce and Online Pharmacy Growth: Expansion of e-commerce -especially in pharmaceuticals- is one of the high drivers for 3PL healthcare logistics. The online pharmacies need to have efficient logistics to ensure timely delivery of medicines to the consumers.
- Increased Compliance Regulation: Stricter regulations related to healthcare logistics are spurring a movement toward better regulatory compliance. Increased regulatory demands call for better compliance among 3PL providers, ensuring safer and compliant operations.
- Development of Tailor-made Solutions: Opportunities exist here for 3PL providers to research and develop solutions that meet the specific needs of the different healthcare sectors within pharmaceuticals, medical devices, and biotechnology.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the 3PL Healthcare Logistics Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the 3PL Healthcare Logistics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global 3PL healthcare logistics market from 2021 to 2031, and it also determines the prevailing opportunities.
DHL Supply Chain and Global Forwarding and DB Schenker Logistics are some of the major players operating in the market.
The major factors driving the 3PL healthcare logistics market are:
1. Increasing Complexity of Healthcare Supply Chains.
2. Growing Need for Cost-Effective Solutions.
North America region dominated the 3PL healthcare logistics market in 2023.
Asia Pacific region accounted for the highest CAGR in the 3PL healthcare logistics market.
The 3PL Healthcare Logistics Market is estimated to witness a CAGR of 7.5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 3PL Healthcare Logistics Market - By Type
1.3.2 3PL Healthcare Logistics Market - By Application
1.3.3 3PL Healthcare Logistics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. 3PL HEALTHCARE LOGISTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. 3PL HEALTHCARE LOGISTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. 3PL HEALTHCARE LOGISTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. 3PL HEALTHCARE LOGISTICS - GLOBAL MARKET OVERVIEW
6.2. 3PL HEALTHCARE LOGISTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. 3PL HEALTHCARE LOGISTICS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRANSPORTATION
7.3.1. Overview
7.3.2. Transportation Market Forecast and Analysis
7.4. WAREHOUSING
7.4.1. Overview
7.4.2. Warehousing Market Forecast and Analysis
7.5. VALUE ADDED SERVICES
7.5.1. Overview
7.5.2. Value Added Services Market Forecast and Analysis
8. 3PL HEALTHCARE LOGISTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICAL MANUFACTURERS
8.3.1. Overview
8.3.2. Pharmaceutical Manufacturers Market Forecast and Analysis
8.4. PHARMACEUTICAL DISTRIBUTORS
8.4.1. Overview
8.4.2. Pharmaceutical Distributors Market Forecast and Analysis
8.5. HOSPITAL
8.5.1. Overview
8.5.2. Hospital Market Forecast and Analysis
9. 3PL HEALTHCARE LOGISTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America 3PL Healthcare Logistics Market Overview
9.1.2 North America 3PL Healthcare Logistics Market Forecasts and Analysis
9.1.3 North America 3PL Healthcare Logistics Market Forecasts and Analysis - By Type
9.1.4 North America 3PL Healthcare Logistics Market Forecasts and Analysis - By Application
9.1.5 North America 3PL Healthcare Logistics Market Forecasts and Analysis - By Countries
9.1.5.1 Canada 3PL Healthcare Logistics Market
9.1.5.1.1 Canada 3PL Healthcare Logistics Market by Type
9.1.5.1.2 Canada 3PL Healthcare Logistics Market by Application
9.1.5.2 Mexico 3PL Healthcare Logistics Market
9.1.5.2.1 Mexico 3PL Healthcare Logistics Market by Type
9.1.5.2.2 Mexico 3PL Healthcare Logistics Market by Application
9.1.5.3 US 3PL Healthcare Logistics Market
9.1.5.3.1 US 3PL Healthcare Logistics Market by Type
9.1.5.3.2 US 3PL Healthcare Logistics Market by Application
9.2. EUROPE
9.2.1 Europe 3PL Healthcare Logistics Market Overview
9.2.2 Europe 3PL Healthcare Logistics Market Forecasts and Analysis
9.2.3 Europe 3PL Healthcare Logistics Market Forecasts and Analysis - By Type
9.2.4 Europe 3PL Healthcare Logistics Market Forecasts and Analysis - By Application
9.2.5 Europe 3PL Healthcare Logistics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany 3PL Healthcare Logistics Market
9.2.5.1.1 Germany 3PL Healthcare Logistics Market by Type
9.2.5.1.2 Germany 3PL Healthcare Logistics Market by Application
9.2.5.2 France 3PL Healthcare Logistics Market
9.2.5.2.1 France 3PL Healthcare Logistics Market by Type
9.2.5.2.2 France 3PL Healthcare Logistics Market by Application
9.2.5.3 Italy 3PL Healthcare Logistics Market
9.2.5.3.1 Italy 3PL Healthcare Logistics Market by Type
9.2.5.3.2 Italy 3PL Healthcare Logistics Market by Application
9.2.5.4 Spain 3PL Healthcare Logistics Market
9.2.5.4.1 Spain 3PL Healthcare Logistics Market by Type
9.2.5.4.2 Spain 3PL Healthcare Logistics Market by Application
9.2.5.5 United Kingdom 3PL Healthcare Logistics Market
9.2.5.5.1 United Kingdom 3PL Healthcare Logistics Market by Type
9.2.5.5.2 United Kingdom 3PL Healthcare Logistics Market by Application
9.2.5.6 Rest of Europe 3PL Healthcare Logistics Market
9.2.5.6.1 Rest of Europe 3PL Healthcare Logistics Market by Type
9.2.5.6.2 Rest of Europe 3PL Healthcare Logistics Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific 3PL Healthcare Logistics Market Overview
9.3.2 Asia-Pacific 3PL Healthcare Logistics Market Forecasts and Analysis
9.3.3 Asia-Pacific 3PL Healthcare Logistics Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific 3PL Healthcare Logistics Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific 3PL Healthcare Logistics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia 3PL Healthcare Logistics Market
9.3.5.1.1 Australia 3PL Healthcare Logistics Market by Type
9.3.5.1.2 Australia 3PL Healthcare Logistics Market by Application
9.3.5.2 China 3PL Healthcare Logistics Market
9.3.5.2.1 China 3PL Healthcare Logistics Market by Type
9.3.5.2.2 China 3PL Healthcare Logistics Market by Application
9.3.5.3 India 3PL Healthcare Logistics Market
9.3.5.3.1 India 3PL Healthcare Logistics Market by Type
9.3.5.3.2 India 3PL Healthcare Logistics Market by Application
9.3.5.4 Japan 3PL Healthcare Logistics Market
9.3.5.4.1 Japan 3PL Healthcare Logistics Market by Type
9.3.5.4.2 Japan 3PL Healthcare Logistics Market by Application
9.3.5.5 South Korea 3PL Healthcare Logistics Market
9.3.5.5.1 South Korea 3PL Healthcare Logistics Market by Type
9.3.5.5.2 South Korea 3PL Healthcare Logistics Market by Application
9.3.5.6 Rest of Asia-Pacific 3PL Healthcare Logistics Market
9.3.5.6.1 Rest of Asia-Pacific 3PL Healthcare Logistics Market by Type
9.3.5.6.2 Rest of Asia-Pacific 3PL Healthcare Logistics Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa 3PL Healthcare Logistics Market Overview
9.4.2 Middle East and Africa 3PL Healthcare Logistics Market Forecasts and Analysis
9.4.3 Middle East and Africa 3PL Healthcare Logistics Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa 3PL Healthcare Logistics Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa 3PL Healthcare Logistics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa 3PL Healthcare Logistics Market
9.4.5.1.1 South Africa 3PL Healthcare Logistics Market by Type
9.4.5.1.2 South Africa 3PL Healthcare Logistics Market by Application
9.4.5.2 Saudi Arabia 3PL Healthcare Logistics Market
9.4.5.2.1 Saudi Arabia 3PL Healthcare Logistics Market by Type
9.4.5.2.2 Saudi Arabia 3PL Healthcare Logistics Market by Application
9.4.5.3 U.A.E 3PL Healthcare Logistics Market
9.4.5.3.1 U.A.E 3PL Healthcare Logistics Market by Type
9.4.5.3.2 U.A.E 3PL Healthcare Logistics Market by Application
9.4.5.4 Rest of Middle East and Africa 3PL Healthcare Logistics Market
9.4.5.4.1 Rest of Middle East and Africa 3PL Healthcare Logistics Market by Type
9.4.5.4.2 Rest of Middle East and Africa 3PL Healthcare Logistics Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America 3PL Healthcare Logistics Market Overview
9.5.2 South and Central America 3PL Healthcare Logistics Market Forecasts and Analysis
9.5.3 South and Central America 3PL Healthcare Logistics Market Forecasts and Analysis - By Type
9.5.4 South and Central America 3PL Healthcare Logistics Market Forecasts and Analysis - By Application
9.5.5 South and Central America 3PL Healthcare Logistics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil 3PL Healthcare Logistics Market
9.5.5.1.1 Brazil 3PL Healthcare Logistics Market by Type
9.5.5.1.2 Brazil 3PL Healthcare Logistics Market by Application
9.5.5.2 Argentina 3PL Healthcare Logistics Market
9.5.5.2.1 Argentina 3PL Healthcare Logistics Market by Type
9.5.5.2.2 Argentina 3PL Healthcare Logistics Market by Application
9.5.5.3 Rest of South and Central America 3PL Healthcare Logistics Market
9.5.5.3.1 Rest of South and Central America 3PL Healthcare Logistics Market by Type
9.5.5.3.2 Rest of South and Central America 3PL Healthcare Logistics Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. 3PL HEALTHCARE LOGISTICS MARKET, KEY COMPANY PROFILES
11.1. DHL SUPPLY CHAIN AND GLOBAL FORWARDING
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DB SCHENKER LOGISTICS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SINOTRANS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DSV PANALPINA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. UPS SUPPLY CHAIN SOLUTIONS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KUEHNE AND NAGEL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON EXPRESS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. C.H. ROBINSON WORLDWIDE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. XPO LOGISTICS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. EXPEDITORS INTERNATIONAL OF WASHINGTON
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. DHL Supply Chain and Global Forwarding
2. DB Schenker Logistics
3. Sinotrans
4. DSV Panalpina
5. UPS Supply Chain Solutions
6. Kuehne and Nagel
7. Nippon Express
8. C.H. Robinson Worldwide
9. XPO Logistics
10. Expeditors International of Washington
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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