Global healthcare third-party logistics market to hit $502.6b by 2034

Thanks to the rising demand for temperature-sensitive medicines.

The global healthcare third-party logistics market is expected to reach $502.6b by 2034 at a compound annual growth rate of 7.8%, according to Allied Market Research.

The sector’s expansion is attributed to a rising demand for temperature-sensitive medicines, increasing regulatory complexity, and the integration of technology.

Meanwhile, the increasing need for cold chain logistics, expanding pharmaceutical production, and a shift towards outsourcing non-core functions are driving market growth.

“digital transformation—through real-time tracking, AI-driven route optimisation, and blockchain-enabled traceability—is reshaping the logistics sector,” the report said.

However, regulatory compliance, high infrastructure costs, and quality assurance risks limit growth.