The rising demand for medical devices is a significant driver of the global medical device warehouse and logistics market. As the global healthcare industry continues to expand, the need for efficient storage, handling, and distribution of medical devices has grown exponentially. This surge is driven by several factors, including the increasing prevalence of chronic diseases, advancements in medical technology, an aging population, and the growing demand for healthcare services across both developed and developing markets. As medical devices become more sophisticated and diverse, the logistics and warehousing requirements to support their distribution become more critical.
In addition, as the medical device industry becomes more globalized, companies are outsourcing their logistics and warehousing needs to third-party logistics providers (3PLs) that specialize in handling healthcare products. These 3PLs offer value-added services such as inventory management, cold chain logistics, and last-mile delivery solutions that are tailored to the specific requirements of medical devices. By leveraging the expertise of these logistics providers, medical device companies can streamline their supply chains, reduce costs, and ensure compliance with international regulations.
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Data Bridge Market Research analyzes that Global Medical Device Warehouse and Logistics Market size was valued at USD 41.10 billion in 2023 and is projected to reach USD 58.94 billion by 2031, with a CAGR of 4.7% during the forecast period of 2024 to 2031.
Key Findings of the Study
Technological Advancements and Innovations in Medical Technology
Technological advancements and innovations in medical technology are the key trend of the medical device warehouse and logistics market, reshaping how medical devices are stored, handled, and distributed. As medical devices become more sophisticated and require greater precision, the logistics infrastructure supporting their delivery must evolve to meet these advanced needs. The increasing complexity and sensitivity of devices, such as robotic surgical systems, implantable devices, diagnostic equipment, and wearable health tech, demand specialized warehousing solutions that ensure the safety, efficacy, and compliance of these products.
In addition, IoT integration in warehouses has enabled real-time inventory tracking, allowing logistics providers to monitor device conditions during transport and storage. 3D printing technology is also revolutionizing medical device manufacturing, leading to the production of customized implants, prosthetics, and surgical tools. These bespoke devices require efficient and rapid distribution to healthcare facilities. As a result, logistics providers are investing in agile warehousing systems that can manage the growing demand for just-in-time delivery, reducing lead times and ensuring that custom-made devices reach their destinations quickly. These advancements ensure the safe delivery of sensitive medical products, driving demand for cold storage warehouses with cutting-edge capabilities.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Offerings (Services, Hardware, and Software) Temperature (Ambient, Chilled/Refrigerated, Frozen, and Others), Mode of Transportation (Sea Freight Logistics, Air Freight Logistics, and Overland Logistics), Application (Diagnostic Devices, Therapeutic Devices, Monitoring Devices, Surgical Devices, and Other Devices), End Use (Hospitals & Clinics, Medical Devices Companies, Academic & Research Institute, Reference & Diagnostics Laboratories, Emergency Medical Services Companies, and Others), Distribution Channel (Conventional Logistics and Third Party) – Industry Trends and Forecast to 2031
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Russia, Belgium, Finland, Denmark, Poland, Norway, Sweden, Hungary, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, New Zealand, Vietnam, Taiwan, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Kuwait, Oman, Bahrain, and rest of Middle East and Africa
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Market Players Covered
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Deutsche Post AG (Germany), FedEx (U.S.), United Parcel Service of America, Inc. (U.S.), Kuehne+Nagel (U.K), DB SCHENKER (Germany), Alloga (U.K.), AWL India Private Limited (India), C.H. Robinson Worldwide, Inc. (U.S.), CAVALIER LOGISTICS (U.S.), CEVA (France), Crown LSP Group (U.S.), Dimerco (Taiwan), DSV (Denmark), FM Logistic (France), Hansa International (China), Hellmann Worldwide Logistics SE & Co. KG (Germany), Imperial (South Africa), Mercury Business Services (U.S.), Movianto (Netherlands), Murphy Logistics (U.S.), OIA Global (U.S.), Omni Logistics, LLC (U.S.), puracon Gmbh (Germany), Rhenus Group (Germany), SEKO (U.S.), TIBA (Spain), Toll Holdings Limited (Australia), Warehouse Anywhere (U.S.), and XPO, Inc. (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
Global medical device warehouse and logistics market is segmented into six notable segments based on offerings, temperature, mode of transportation, application, end use, and distribution channel.
- On the basis of offerings, the global medical device warehouse and logistics market is segmented into services, hardware and software
In 2024, services segment is expected to dominate the global medical device warehouse and logistics market
In 2024, services segment is expected to dominate the market with a market share of 47.20% due to outsourcing logistics and warehousing needs, medical device companies can reduce overhead costs and scale operations up or down as needed. Service providers have the infrastructure and expertise to offer these services more efficiently than in-house operations could achieve.
- On the basis of temperature, the global medical device warehouse and logistics market is segmented into ambient, chilled/refrigerated, frozen and others
In 2024, ambient segment is expected to dominate the global medical device warehouse and logistics market
In 2024, ambient segment is expected to dominate the market with a market share of 68.73% due to storage is significantly less costly than temperature-controlled or cold storage. Facilities for ambient storage require fewer specialized systems, leading to lower operational expenses for both providers and clients. This affordability drives its appeal across the medical device industry.
- On the basis of mode of transportation, the global medical device warehouse and logistics market is segmented into sea freight logistics, air freight logistics and overland logistics. In 2024, the sea freight logistics segment is expected to dominate the market with market share of 53.13%
- On the basis of application, the global medical device warehouse and logistics market is segmented into diagnostic devices, therapeutic devices, monitoring devices, surgical devices and others devices. In 2024, diagnostic devices segment is expected to dominate the market with market share of 35.96%
- On the basis of end user, the global medical device warehouse and logistics market is segmented into hospitals & clinics, medical devices companies, academic & research institutes, reference & diagnostic laboratories, emergency medical services companies and others. In 2024, hospitals & clinics segment is expected to dominate the market with market share of 50.44%
- On the basis of distribution channel, the global medical device warehouse and logistics market is segmented into conventional logistics and third party. In 2024, conventional logistics segment is expected to dominate the market with market share of 91.65%
Major Players
Deutsche Post AG (Germany), FedEx (U.S.), United Parcel Service of America, Inc. (U.S.), Kuehne+Nagel (U.K), and DB SCHENKER (Germany), among others as the major players in the global medical device warehouse and logistics market.
Market Developments
- In March 2024, Spanish logistics multinational TIBA has launched operations in Turkey, recognized as a key logistics hub in the Middle East. Its strategic location positions Turkey as a vital trade broker, facilitating connections between Europe and Asia. This expansion leverages Turkey's growing significance in global trade and logistics development, enhancing TIBA's service offerings
- In September 2024, SEKO Logistics, a leader in end-to-end global logistics, has announced the successful completion of a definitive agreement with its key financial partners. This transaction is expected to strengthen the Company's financial foundation, positioning SEKO to maintain its leadership in innovation, excellence, and exceptional client service in the logistics industry for years to come
- In August 2024, SEKO Logistics (SEKO), a leader in end-to-end global logistics, has been honored as a 2024 Top 10 3PL provider by Inbound Logistics for the tenth consecutive year, marking a successful decade focused on client-centered logistics solutions. The annual Readers’ Choice Top 10 3PL Excellence Awards recognize third-party logistics providers that deliver consistently outstanding service
- In May 2024, SEKO Logistics Singapore is now under new management, poised for continued growth and enhancements in operations across the region. This transition reflects our commitment to delivering superior logistics solutions and improved services, ensuring we meet the evolving needs of our clients in Singapore and beyond
- In September 2024, the complete integration of Horoz Bolloré Logistics into CEVA Logistics significantly enhances the service offerings in Turkey, enabling to deliver a broader array of international logistics solutions. By merging the expertise and resources of both organizations, we are confident in our ability to provide more agile, flexible, and customer-focused logistics solutions
- In July 2024, CEVA Logistics announced that it has entered into a Joint Venture (JV) agreement with Almajdouie Logistics, a leading logistics provider in the Kingdom of Saudi Arabia (KSA). The agreement is currently pending review and approval by the relevant regulatory authorities, with CEVA Logistics set to hold the majority stake in the new joint venture
As per Data Bridge Market Research analysis:
North America is the dominant region in global medical device warehouse and logistics market
North America is expected to dominate the market due to the most advanced healthcare infrastructures in the world. The region's well-established hospitals, clinics, and medical institutions create a high demand for sophisticated medical devices and equipment, which require robust logistics and warehousing support.
Asia-Pacific is estimated to be the fastest-growing region in global medical device warehouse and logistics market
In Asia-Pacific, such as China, India, and Southeast Asian nations, are investing heavily in expanding and modernizing their healthcare infrastructure. This growth is driving a significant increase in demand for medical devices and the logistics systems required to support their distribution.
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