Healthcare Third-party Logistics Market To Reach $406.36 Billion By 2030

Healthcare Third-party Logistics Market Growth & Trends

The global healthcare third-party logistics market size is expected to reach USD 406.36 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.75% from 2025 to 2030. Some factors driving the growth of this market include technological advancements that help in developing new technologies to engage with consumers, reduction of operational costs through their use, and their assistance in expanding a business into emerging countries and new markets.

The COVID-19 pandemic significantly impacted the supply chain market and the way it is managed. However, the third-party logistics industry showed steady growth amid this pandemic. This is because the sector matched the rising demand with reliable manufacturers worldwide. In addition to the basic storage and transportation services during the pandemic, they also provided procurement assistance to relatively small retailers. There has also been an increase in healthcare companies partnering with third-party logistics providers to operate in a growing and changing set of regulatory requirements that vary by product classification, region, and state.

Healthcare third-party logistics (3PL) companies help in complying with these regulations without disturbing the time duration, efficiency, and cost-effectiveness. They also help in streamlining and simplifying the regulatory compliance process. Moreover, several service providers are focusing on expanding their logistic service portfolio via merger & acquisition strategies. For instance, in August 2022, UPS announced the imminent acquisition of Bomi Group, a multinational, industry-leading healthcare logistics provider. The acquisition would add temperature-controlled facilities in 14 countries to the UPS Healthcare network in Latin America and Europe.

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Healthcare Third-party Logistics Market Report Highlights

• The biopharmaceutical segment accounted for the largest market share of 54.84% in the healthcare third party logistics industry in 2024.

• The non-cold chain logistics segment dominated the healthcare third party logistics industry in 2024. The segment’s growth is due to the rising demand for medical devices, over-the-counter (OTC) drugs, and general pharmaceutical distribution.

• The warehousing and storage segment dominated the healthcare third party logistics industry in 2024. The market is driven by the growing demand for temperature-controlled storage, regulatory compliance, and inventory management solutions.

• North America accounted for the largest market share of 40.67% in 2024 due to the strong presence of pharmaceutical and medical device manufacturers, advanced healthcare infrastructure, and stringent regulatory frameworks.

Healthcare Third-party Logistics Market Segmentation

Grand View Research has segmented the global healthcare third-party logistics market on the basis of industry, supply chain, service type, and region:

Healthcare Third-party Logistics Industry Outlook (Revenue, USD Million; 2018 - 2030)

• Pharmaceutical

• Biopharmaceutical

• Vaccines

• Biosimilars

• Plasma Derived Products

• Others

• Medical Device

• Class I

• Class II

• Class III

Healthcare Third-party Logistics Supply Chain Range Outlook (Revenue, USD Million; 2018 - 2030)

• Cold Chain Logistics

• Non-cold Chain Logistics

Healthcare Third-party Logistics Service Outlook (Revenue, USD Million; 2018 - 2030)

• Transportation

• Air Freight

• Sea Freight

• Overland

• Warehousing and Storage

• Others

Healthcare Third-party Logistics Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Healthcare Third-party Logistics Market

• Cardinal Health

• DHL Group

• Agility

• SF Express

• Kinesis Medical B.V.

• United Parcel Service of America, Inc.

• Barrett Distribution

• Cencora

• DB Schenker

• FedEx

• KUEHNE + NAGEL

• Kerry Logistics Network Ltd.

• Freight Logistics Solutions