New York, USA, May 11, 2023 (GLOBE NEWSWIRE) — Healthcare Logistics Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Healthcare Logistics Market Information By Service, Product, Type, End-Users, And Region – Forecast till 2032“, the market is projected to grow from USD 84.87 Billion in 2023 to USD 179.30 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.80% during the forecast period (2023 – 2032).
Increasing pharmaceutical revenue growth in international commerce and globalization are the key market drivers enhancing market growth. The term “logistics” describes the overall process of controlling how resources are obtained, stored, and delivered to their final location. Healthcare logistics covers the entire supply chain process, from start to finish. From their origin, raw materials are shipped to a production facility, then to a factory. The finished goods are then transported from the factory to warehouses or distribution centers that can store them on demand.
Healthcare logistics encompasses the supply chain that runs from the manufacturing plants of healthcare product manufacturers and manufacturers of medical equipment to the front doors of hospitals and other healthcare facilities. Healthcare includes preventing, detecting, treating, recuperating, or enhancing wellness by eliminating infection, illness, harm, and other physical and mental impediments in people. Fitness professionals in related industries are used to address healthcare needs. Many health professions supplement healthcare, including dentistry, medicine, nursing, psychology, occupational therapy, and physical therapy.
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It involves identifying potential sellers and providers and addressing their efficiency and reachability. Therefore, healthcare logistics refers to the movement of pharmaceuticals, clinical devices and equipment, medical and surgical supplies, and other products needed by physicians, nurses, and other healthcare professionals. Logistics regulates how resources are stored, acquired, and transferred in the healthcare sector. Thanks to the efficient use of transportation in this industry, pharmaceuticals, equipment, and systems are continuously transported from suppliers and providers spread across the nation. The healthcare sector comprises hospitals, clinics, large pharmacy retail chains, and wholesalers of medical supplies. Any form of transportation, including cars, trucks, trains, boats, planes, and vehicles with temperature control, can transport people for medical purposes. The expansion of medical infrastructure and facilities worldwide fuels the market for logistics in healthcare.
Market Size in 2032
USD 179.30 billion