Healthcare logistics market to reach $121.4b by 2028

Thanks to the growing demand for efficient supply chain management.

The global market for healthcare logistics is expected to grow by $121.4b until 2028 at a compound annual growth rate of almost 14%.

A report by Technavio revealed that the market’s growth is driven by the healthcare sector’s rising need for efficient supply chain management, focusing on occupational therapy, physical therapy, and chronic disease care.

“The use of technology, such as cold chain solutions and delivery tracking systems, is crucial for ensuring the safe and timely delivery of medical supplies and pharmaceuticals,” the report said.

In line with this, the emerging cold chain markets in China and India are being promoted through various regulations emphasising food and drug safety.

The market is also fueled by digital transformation with the implementation of electronic data interchange and other automation solutions for streamlined processes and improved accuracy.

“Additionally, the rise of telehealth and remote patient monitoring is increasing the demand for logistics services that can support these new care delivery models,” the report added.