Medical Devices and Equipment Logistics Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 63.70 Billion |
| Market Size (2029) | USD 93.95 Billion |
| CAGR (2024 - 2029) | 7.81 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Devices and Equipment Logistics Market Analysis
The Medical Devices And Equipment Logistics Market size is estimated at USD 63.70 billion in 2024, and is expected to reach USD 93.95 billion by 2029, growing at a CAGR of 7.81% during the forecast period (2024-2029).
The medical devices and equipment logistics market is rapidly expanding, fueled by surging demand for advanced healthcare services and technological advancements in medical devices. Manufacturers and healthcare providers are increasingly streamlining their supply chain operations to ensure the timely global delivery of critical equipment. This efficiency drive is further empowered by automation, real-time tracking systems, and advanced inventory management techniques to boost transparency and cut costs.
In February 2024, GobalMed Logistix (GMLx) made headlines by unveiling a 200% expansion of its Atlanta campus, introducing a new 65,000-sq. ft facility. This move directly responds to the escalating need for medical device logistics and third-party services, marking a significant stride in the industry's logistics capabilities.
In collaboration with Wing, groundbreaking initiatives like Medtronic's drone delivery trials are revolutionizing last-mile healthcare logistics and promising swifter and more adaptable supply chain solutions. Moreover, the ongoing global expansion of healthcare infrastructure, especially in emerging economies, is creating a ripe environment for logistics providers to establish robust distribution networks and cater to mounting demands.
For instance, UK-based Apian partnered with Zipline in December 2023 to enhance NHS medical supply deliveries, underscoring the continuous wave of innovation in healthcare logistics.
Medical Devices and Equipment Logistics Market Trends
Medical Devices Manufacturer Integrate Cutting-edge Logistics Solutions
Medtronic is a multinational producer of medical devices and therapies, such as insulin pumps, pacemakers, and diabetes therapies. Since 2022, Medtronic has embarked on a massive overhaul of its logistics and supply chain operations that will culminate in 2024. The company has focused on three key areas: global operations and supply chain (GOSC), core technology, and commercial strategies targeting large enterprise customers. It represents a significant shift in direction.
In July 2024, Medtronic was among the first companies in Ireland to use the drone delivery company Wing to deliver medical supplies and devices to hospitals. The two companies are teaming up with Blackrock Health and St. Vincent's Private Hospital in Dublin to launch a drone delivery trial to demonstrate how drones can be used in healthcare.
Medtronic's initiative with Wing underscores the growing importance of integrating cutting-edge logistics solutions in the medical devices market. Competitors and industry stakeholders may follow suit, accelerating the adoption of innovative technologies to enhance supply chain efficiency and customer service.
UK Medical Devices Manufacturing Propels the Logistics Industry
In 2022, the Office for National Statistics reported that the UK manufacturing industry for medical and dental instruments and supplies saw its gross value added (GVA) climb to around GBP 2.98 billion (USD 3.81 billion). This consistent growth highlights the industry’s economic significance and mirrors the escalating production and demand for medical instruments within the United Kingdom.
With the industry’s expansion, robust supply chains and distribution networks become paramount. These networks are vital for the efficient global transportation of medical products, ensuring they reach healthcare facilities promptly and comply with stringent regulations. The industry’s heightened manufacturing output also spurs investments in cutting-edge logistics technologies, including temperature-controlled storage, automated inventory systems, and specialized transportation solutions.
Recent humanitarian endeavors, like the country’s provision of medical supplies to civilians affected by the Russian invasion of Ukraine through UK-Med, further underscore the industry's global healthcare support role.
In essence, the escalating GVA in the UK medical and dental supplies manufacturing industry accentuates the indispensable role of logistics in broadening the accessibility and availability of crucial healthcare equipment, both domestically and internationally.
Medical Devices and Equipment Logistics Industry Overview
The medical devices and equipment logistics market boasts a competitive landscape, hosting a diverse array of players, from global logistics powerhouses to niche service providers. Logistics giants like UPS Healthcare, DHL Supply Chain, FedEx Healthcare Solutions, Kuehne + Nagel, and Ceva Logistics lead the charge. These industry giants leverage their expansive global networks, cutting-edge technology, and a robust suite of services. Conversely, specialized players such as Cardinal Health, Owens & Minor, and DB Schenker carve their niche by tailoring logistics solutions for the healthcare sector, encompassing warehousing, distribution, and inventory management.
Collaborations between logistics entities and healthcare stakeholders are rising to broaden market penetration and enrich service portfolios. Embracing technologies like IoT, AI, and blockchain is pivotal, as they bolster efficiency and transparency in the logistics chain. Moreover, given the stringent oversight in medical device logistics, a steadfast commitment to regulatory compliance and quality assurance remains paramount.
Medical Devices and Equipment Logistics Market Leaders
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UPS Healthcare
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DHL Supply Chain
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FedEx Healthcare Solutions
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Kuehne + Nagel
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Ceva Logistics
*Disclaimer: Major Players sorted in no particular order
Medical Devices and Equipment Logistics Market News
- April 2024: UPS Healthcare channeled EUR 55 million (USD 60 million) into expanding its footprint in Italy. This investment sees the addition of 100,000 sq. m of warehouse space, split between Passo Corese, near Rome, and Somaglia in Lodi. With this financial commitment, UPS Healthcare aims to align the Passo Corese and Somaglia facilities with stringent distribution and manufacturing practices, ensuring the safe storage of medical and pharmaceutical products.
- February 2024: FedEx Express, a subsidiary of FedEx Corp., inaugurated the 'FedEx Life Science Center' in Mumbai, marking a milestone in India's and the global clinical trial supply chain. This new center is designed to cater to the storage and logistics needs of healthcare clients participating in clinical trials, both domestically in India and internationally shipping to the country.
Medical Devices and Equipment Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Insights on Supply Chain/Value Chain Analysis
4.4 Insights into Governement Regualtions in the Industry
4.5 Insights into Technological Advancements in the Industry
4.6 Impact of Geopolitics and Pandemics on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Global Expansion of Healthcare Services
5.1.2 Technological Advancements
5.2 Market Restraints
5.2.1 High Operational Costs
5.2.2 Regulatory Complexity
5.3 Market Opportunities
5.3.1 Expansion into Emerging Markets
5.3.2 Forging Strategic Partnerships and Collaborations With Healthcare Providers
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Bargaining Power of Buyers/Consumers
5.4.3 Bargaining Power of Suppliers
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Medical Devices
6.1.2 Medical Equipment
6.2 By Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.2.1 Germany
6.2.2.2 United Kingdom
6.2.2.3 France
6.2.2.4 Italy
6.2.2.5 Spain
6.2.2.6 Rest of Europe
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 India
6.2.3.4 Australia
6.2.3.5 South Korea
6.2.3.6 Rest of Asia-Pacific
6.2.4 Middle East and Africa
6.2.4.1 GCC
6.2.4.2 South Africa
6.2.4.3 Rest of Middle East and Africa
6.2.5 South America
6.2.5.1 Brazil
6.2.5.2 Argentina
6.2.5.3 Rest of South America
7. COMPETITIVE LANDSCAPE
7.1 Market Concentration Overview
7.2 Company Profiles
7.2.1 UPS Healthcare
7.2.2 DHL Supply Chain
7.2.3 FedEx Healthcare Solutions
7.2.4 Kuehne + Nagel
7.2.5 Ceva Logistics
7.2.6 Cardinal Health
7.2.7 Owens & Minor
7.2.8 DB Schenker
7.2.9 DSV
7.2.10 World Courier*
- *List Not Exhaustive
7.3 Other Companies
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. APPENDIX
9.1 Macroeconomic Indicators
9.2 Insight Into Capital Flows (Investments In Transport and Storage Sector)
9.3 E-commerce and Consumer Spending-related Statistics
9.4 External Trade Statistics
Medical Devices and Equipment Logistics Industry Segmentation
The medical devices and equipment logistics industry involves transporting, storing, and distributing medical devices and equipment. It encompasses a spectrum of activities, services, and stakeholders committed to the efficient, safe, and compliant delivery of medical products from manufacturers to end-users, including hospitals, clinics, and patients. A complete background analysis of the medical devices and equipment logistics market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends is covered in the report.
The medical devices and equipment logistics market report is segmented by product type (medical devices and medical equipment) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The report offers market size and forecasts for all the above segments in value (USD).
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| Medical Devices | |
| Medical Equipment |
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Medical Devices and Equipment Logistics Market Research FAQs
How big is the Medical Devices And Equipment Logistics Market?
The Medical Devices And Equipment Logistics Market size is expected to reach USD 63.70 billion in 2024 and grow at a CAGR of 7.81% to reach USD 93.95 billion by 2029.
What is the current Medical Devices And Equipment Logistics Market size?
In 2024, the Medical Devices And Equipment Logistics Market size is expected to reach USD 63.70 billion.
Who are the key players in Medical Devices And Equipment Logistics Market?
UPS Healthcare, DHL Supply Chain, FedEx Healthcare Solutions, Kuehne + Nagel and Ceva Logistics are the major companies operating in the Medical Devices And Equipment Logistics Market.
Which is the fastest growing region in Medical Devices And Equipment Logistics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Devices And Equipment Logistics Market?
In 2024, the Asia Pacific accounts for the largest market share in Medical Devices And Equipment Logistics Market.
What years does this Medical Devices And Equipment Logistics Market cover, and what was the market size in 2023?
In 2023, the Medical Devices And Equipment Logistics Market size was estimated at USD 58.73 billion. The report covers the Medical Devices And Equipment Logistics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Devices And Equipment Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Devices and Equipment Logistics Industry Report
Statistics for the 2024 Medical Devices And Equipment Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Devices And Equipment Logistics analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
