Latest News- Healthcare Third-Party Logistics Market: Unit packaging is expected to lead the Type segment during 2025-2029
The Healthcare Third-Party Logistics Market is being driven by Opening of new facilities
The Healthcare Third-Party Logistics Market is expected to grow at a CAGR of 9.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 98.5 billion. The healthcare third-party logistics market is experiencing a notable trend of mergers and acquisitions (M&A), with companies seeking to expand their service capabilities, broaden geographic reach, and achieve economies of scale. This trend is exemplified by significant deals, such as bpost group's acquisition of Staci for USD1.36 billion in April 2023. This strategic move enables bpost, a leading Belgian mail and logistics company, to accelerate its transformation into a regional powerhouse in high-value, flexible logistics services. Staci, renowned for its expertise in value-added logistics solutions, will strengthen bpost's position in Europe by enhancing its offerings and bolstering its market presence. Similarly, UPS's acquisition of Bomi Group in August 2022 underscores the industry's consolidation trend, as companies seek to optimize their operations and better serve the evolving needs of healthcare clients.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Unit packaging, Bulk packaging, Specialized packaging) Service Type (Warehousing and distribution, Transportation management, Packaging and labelling, Inventory management, Value-added services) Geography (North America, Europe, APAC, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Healthcare Third-Party Logistics Market Research Report
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The global healthcare industry is witnessing a significant trend towards outsourcing logistics, also known as 3PL, for the management of healthcare supplies. Third-party logistics providers offer specialized services, including pharmaceutical logistics, retrieval systems, and automated storage solutions, to healthcare institutions. These services encompass warehousing, temperature-controlled and non-temperature-controlled transportation, and freight services. Biopharmaceutical companies, in particular, require temperature-controlled logistics for their products, which necessitates the use of cold chains. Medical devices and personalized medicine also require careful handling and storage. Information asymmetry is a concern in healthcare logistics, making database management and technology integration essential. Contracted logistics services and supply chain management are crucial for ensuring inventory management and efficient transportation. Online shopping and e-commerce are driving the need for efficient and reliable healthcare logistics solutions. Overall, healthcare third-party logistics involves the storage, transportation, and management of healthcare supplies, including biopharmaceuticals, medical devices, and temperature-controlled and non-temperature-controlled products, using advanced technology and services such as freight services, database management, and temperature-controlled storage.
The healthcare third-party logistics (3PL) market is a significant segment of the global air freight and logistics industry, focusing on the outsourcing of pharmaceutical logistics, retrieval systems, and automated storage solutions for healthcare supplies. According to Technavio, the global air freight and logistics market, which encompasses revenue generated by providers of air freight transportation, courier services, and logistics solutions, is expected to expand due to the surge in cross-border e-commerce activities in healthcare. This growth is driven by the increasing trend of purchasing healthcare supplies from overseas, necessitating advanced logistics systems for efficient tracking and delivery.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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