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Healthcare Third-party Logistics Market Growth to Reach USD 502.6 billion by 2034, at a CAGR of 7.8% | Allied Market Research

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PORTLAND, Ore., April 23, 2026 /PRNewswire/ — The steady global growth of the healthcare 3PL market is primarily attributed to the growing pharmaceutical industry, rising demand for biologics with increasing cold chain logistics needs followed by rapid technology integration.

Market Size & Growth

Global Healthcare Third-Party Logistics Market – $246.1 billion by 2024The market estimated to achieve $502.6 billion by 2034, at a compound annual growth rate (CAGR) of 7.8%.Factors such as ever-Increasing drug demand, outsourcing of non-core functions and complexity in regulatory task are major growth drivers.Cold chain logistics is anticipated to be one of the fast-growing sub-segments, on account of increasing distribution for biologics and other cell & gene therapies as well as temperature-sensitive pharmaceuticals.Healthcare supply chain management is undergoing a renaissance, which will reshape the competitive dynamics in this industry with new advanced capabilities powered by digital transformation — such as route optimization via AI supported decision making; real-time tracking and visualisation technology enabled control rooms; and blockchain based end-to-end traceability.Though innovation keeps gallantly moving on, challenges — regulatory compliance, infrastructure investments and quality assurance risks— are enough to temper market pace.

Key Market Insights

Pharmaceutical companies, hospitals and biotech are increasingly outsourcing their complex supply chains that require compliance to specialized third-party logistics providers as the healthcare 3PL market undergoes a structural transformation. Some of the report’s key takeaways are:

Outsourcing non-core logistics operations to third-party providers allows healthcare organizations to shift focus back onto core R&D, manufacturing and patient care.3PL operators are investing in GDP-compliant cold storage infrastructure, ultra-low temperature (ULT) facilities and real-time monitoring systems due to the growth of biologics, specialty drugs and advanced therapy medicinal products (ATMPs).Environmentally sustainable logistics — even in the form of electric temperature-controlled vehicles, energy-efficient buildings or packaging solutions benefiting from global ESG commitments to sustainable development — have come into focus with healthcare 3PLs.Regulatory complexities across different global markets continue to remain a major roadblock with 3PL providers being forced into developing comprehensible compliance mechanisms for individual jurisdictions.Key players are expanding their geographic reach and range of services through strategic mergers, acquisitions, and partnerships that are reshaping the competitive landscape.

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Market Segmentation

By Service Type

Warehousing and storage service segment held the largest market share in 2024. The segment leadership has been supported by a growing demand for temperature-controlled storage, GMP-compliant and GDP-certified warehousing along with robust inventory management solutions. On the other hand, with continued growth in the global pipeline of new therapies, clinical trial logistics is expected to make considerable gains. Transportation services will continue to be a core component due its inability to function without the imminent movement of time sensitive, temperature dependent pharmaceutical products.

By End User

Pharmaceutical Companies are the largest end-user segment accounting for a significant share owing to requirements for high-volume distribution and stringent regulatory mandates. The end-user segment of the biotech companies is one of the fastest growing segments due to rapid growth in the sectors biologics, cell therapy and personalized medicine. Demand for healthcare 3PL is also strengthened by hospitals & clinics, medical device manufacturers, and many other end users.

By Medium of Transport

In 2024, ground transportation segment dominated the overall market share as it has become an essential component of last-mile delivery and regional pharmaceutical distribution. Ground fleets have been fortified with GPS tracking, refrigerated units and protocols of secure handling by 3PL providers. Air cargo is the fastest-growing mode of transport due to time-sensitive and high-value pharmaceutical shipments crossing borders. Ocean freight pertinent to bulk pharmaceutical raw materials and device components

By Supply Chain

In 2024, the non-cold chain logistics segment accounted for the largest shareholder of global pharmaceutical supply chains owing to large volumes of medical devices, OTC drugs, surgical instruments and other general pharmacy products requiring no temperature-sensitive handling. The cold chain logistics segment is expected to show the highest growth in the forecast period due to increasing demand for vaccines, biologics and cell & gene therapies as well as strict regulatory standards such Good Distribution Practices (GDP) and FDA guidelines.

Regional Insights

North America

The market for global healthcare third-party logistics was led by North America, which had the highest revenue share in 2024. The dominance of large pharmaceutical manufacturers, the existence of sophisticated logistics infrastructure covering a majority of demand points, and high regulatory standards (FDA/DEA) demanding top 3PL capabilities underpin this region’s leadership. Also, growing demand for biologics, specialty drugs and temperature-sensitive therapeutics is fueling the region’s market dominance. With the rise of e-pharmacy adoption accelerating last-mile delivery demand, there are well-defined air, sea and ground freight networks serving this area: namely; USA, Canada & Mexico.

Europe

The European market is the second largest healthcare 3PL by value globally, benefiting from an established pharmaceutical industry, increasing rates of clinical trials and stricter GDP compliance standards. Germany, France, the United Kingdom and Netherlands are among these European countries where pharmaceutical warehousing cold chain distribution and cross border logistics take place. The European landscape for 3PL investment remains influenced, as ever by the evolving EU regulatory framework and growing focus on supply chain resilience.

Asia-Pacific

Asia-Pacific region is expected to experience the fastest growth during forecast period, due rapid expansion of pharmaceutical industry in China, India and Japan and South Korea. The demand for 3PL is also surging in the region, owing to increasing healthcare expenditure along with a rising biologics production and manufacturing of medical devices. Southeast Asian markets including Malaysia, Singapore, Thailand and Vietnam are high potential but largely untapped healthcare logistics geographies. Another area where demand for specialized 3PL will see significant growth is the pharmaceutical sector in India, which itself has expected a very high rate of growth.

Middle East & Africa and Latin America

The Emerging healthcare 3PL markets include Latin America and the Middle East and Africa, which have witnessed an increase in support for his initiatives such as heightened investment on Health care, Expanded pharmaceutical distribution network government infrastructure initiativeОн. Particularly, Brazil, Mexico and the countries of Gulf Cooperation Council (GCC) are growth pockets where multinational pharmaceutical companies have begun to leverage regional logistics partners.

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Key Market Players

The global healthcare third-party logistics market comprises of a mix of very highly competitive broad based logistic conglomerates, specialized in the area (Tavo) Companies Today and Pharmaceutical Distribution Specialist Firms. A few of the leading companies in Allied Market Research for our market size report include:

DHL – Supply Chain & Global ForwardingUnited Parcel Service (Ups healthcare)FedEx Corporation (FedEx HealthCare Solutions)Kuehne + Nagel International AGDB Schenker (Schenker AG)McKesson CorporationCencora Inc. (Previously AmerisourceBergen)Cardinal Health, Inc.CEVA Logistics AGGEODIS SADSV A/SNippon Express Co.,, LtdC.H. Robinson Worldwide, IncAgility Public Warehousing Company K. S.C.P..Expeditors International of Washington, Inc.,

To solidify their competitive position in the market and build end-to-end healthcare logistics capabilities, these players are engaging in strategic acquisitions, technology investments & geographic expansion.

Key Recent Industry Developments

April 2025: DHL Group pledged USD 2.3 billion to bolster its life sciences and healthcare logistics over a five-year plan, further cementing its leading position in the global third-party-logistics (3PL) segment for this sector.April 2025- EVERSANA expanded pharmaceutical 3PL offerings to meet increased client demand for services related to commercial-stage drug distribution.Mar 2025: GXO Logistics, a leader in supply chain solutions for eCommerce and other verticals across Europe & North America acquired ColdChain Solutions (a provider of cold-storage with specialization on pharmaceuticals) Marcus Williams.December 2024: DHL Supply Chain launched one of the most advanced ultra-low temperature (ULT) storage facilities in Europe specifically for use within a cold supply chain, aimed at accommodating growing demand for Advanced Therapy Medicinal Products (ATMPs).November 2022: DHL Supply Chain formed a partnership with AmerisourceBergen for co-development of temperature-controlled distribution networks, specifically targeted at oncology and vaccine products.October 2024: UPS announced it has purchased Frigo-Trans and its sister company BPL expanding upon UPS’s portfolio of end-to-end temperature controlled and time-critical transportation solutions for pharmaceutical, biotech and healthcare provider customers.UPS Supply Chain Solutions introduced an integrated cold-chain platform for live biologics shipments, expanding its capabilities to ship and package sterile pharmaceuticals.March 2025: FedEx Express introduced electricity-powered controlled temperature vehicles in its European healthcare logistics fleet as part of the company’s near-term sustainability initiatives.Oct 2024: Launch of InspiroGene, a business unit by McKesson dedicated to supporting the commercialization needs of cell and gene therapies.April 2024: Cardinal Health revealed the establishment of a Columbus, Ohio based Consumer Health Logistics Center occupying an area of about 350000 sq ft which is set to strengthen its OTC healthcare products distribution.

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Technology, AI & Innovation (Future-Facing)

With a shared value of growth, technology adoption is an important driver reshaping the healthcare third-party logistics market landscape. Key innovations include:

AI & ML: Route optimization powered by AI, demand forecasting and Predictive Inventory Management allow 3PL providers to reduce costs, minimize wastage and deliver faster. Hey, delivered in November 2023 Meihua International Speed Fox AI-enabled warehouse management system (WMS) designed for healthcare logistics.

Blockchain-Based Traceability: Deployment of blockchain technology for end-to-end drug traceability, anti-counterfeiting & DSCSA (Drug Supply Chain Security Act) compliance across pharmaceutical supply chains

IoT & Real-Time Monitoring: Smart sensors and temperature monitoring devices powered by the IoT enable visibility right from shipment to destination, constantly streaming data in real time tracing cold chain integrity across long-haul shipments, as well last-mile deliveries.

Warehouse AutomationAt pharmaceutical distribution centers, automated guided vehicles (AGVs), robotics on picking systems and automatic storage & retrieval system(ASRS) continue to drive throughput efficiency and accuracy.

Big Data Analytics: With the help of data analytics platforms, 3PL providers can convert massive logistics datasets into actionable insights for optimum network design, capacity planning and customer service delivery.

Tech for Sustainable Logistics: ESG Imperatives and client sustainability objectives are leading to widespread adoption of electric delivery vehicles, energy-efficient smart warehouses, recyclable or biodegradable packaging materials by 3PL providers

These technologies in concert, are moving the healthcare 3PL space from traditional asset-heavy logistics to smart supply chain ecosystems that leverage data and sustainability.

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Analyst Review

Since the service framework in healthcare third-party logistics market is undergoing an inflection point, according to analysts from Allied Market Research. Pharmaceutical pipelines are increasing in complexity, regulatory landscapes and compliance requirements continue to evolve quickly at a global scale while digitalization is transforming how we think about what services logistics providers can offer — forcing many market-proven giants up an evolution path that will compel them each coalesce their architecture around new service directions.

The overriding trend of this decade is the transition from value-adding technology-enabled 3PL partnerships to volume-based logistics models. Demand for hyper-specialized cold chain capabilities and real-time supply chain visibility will only accelerate as biosimilars, personalized medicines, and cell/gene therapies are introduced into commercial distribution.

Analysts say the very opposite: though North America maintains its rightful position at the top of dividual markets — supported by tight regulatory controls and advanced infrastructure maturity, Asia-Pacific marks something different as being a beacon signal for where healthcare 3PL investment is heading next. 3PL providers looking to diversify their geographic presence are gravitating towards emerging markets such as Southeast Asia, India and the GCC region.

The competitive intensity of the market expected to be high with differentiation increasingly driven by technology depth, cold chain specialization, regulatory expertise and sustainability credentials. Organizations capable of providing seamless, compliant and tech-enabled healthcare logistics on a global scale will be best set to take their fair share—and more—of the market through 2034.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of ‘Market Research Reports‘ and ‘Business Intelligence Solutions.’ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

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SpaceX perpetual futures become Binance’s No. 2 traded product; Binance captures over 60% market share across CEX and DEX venues

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June 13, 2026

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Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

ABU DHABI, UAE, June 13, 2026 /PRNewswire/ — Binance has captured over 60% market share for SpaceX derivatives trading across centralized and decentralized exchanges, establishing itself as the leading liquidity venue for the product.

SpaceX perpetual futures (SPCXUSDT) are now Binance’s second–largest traded product, after Bitcoin perpetuals, reflecting strong global demand for exposure to major public–market events.

Binance also offers SpaceX stock and bStock tokenized securities, giving users greater portfolio diversification and hedging opportunities.

Key highlights

SpaceX perpetual futures became Binance’s No. 2 traded product, reflecting significant global demand for exposure to SpaceX’s public market debut.Binance captured >60% market share across CEX and DEX venues for SpaceX derivatives trading.Binance recorded over $5.6 billion in SPCXUSDT trading volume over the last 24 hours, as of June 13, 9:00 AM UTC (Coinglass, CoinMarketCap).Binance leads all CEX and DEX venues in SPCXUSDT Open Interest at $167.22 million (one-sided count).Binance recorded over $9 billion in accumulated SPCXUSDT trading volume across SpaceX’s Pre-IPO and post-public listing on Nasdaq.Binance successfully transitioned the Pre–IPO Perpetual into a standard TradFi Perpetual following SpaceX’s Nasdaq listing, with orderly price discovery anchored to publicly available valuation signals, share-count data, and market expectations.After SpaceX disclosed a higher share count in its S-1/A filing, Binance was the only exchange to successfully rebase its SpaceX Pre-IPO Perpetual contract to ensure users were not negatively impacted by dilution.

“SpaceX’s public listing was one of the most closely watched market events globally. SpaceX derivatives have become Binance’s second–largest traded product, capturing more than 60% market share across CEX and DEX venues, and demonstrating the appeal of our liquidity and product design,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

“Our range of products — Pre–IPO futures, standard TradFi futures, stock trading, and tokenized securities — lets users access opportunities across different market lifecycles. This performance underlines our belief that better accessibility unlocks latent demand.”

Binance now offers over 7,000 stocks and ETFs for trading, alongside a broad range of digital assets, moving closer to its vision for a multi-asset financial super app that connects users to global market opportunities.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). In respect of Pre-IPO Perps which are subject to transition to TradFi Perp, there may be particular price volatility following official listing of the Underlying Asset and the share price may not ever reach the Final IPO Price. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications  and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

SOURCE Binance

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LaVivid Hair Introduces Sports Hair Systems Collection for Men with Active Lifestyles

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June 13, 2026

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LaVivid Hair launches a sports-focused hair systems collection designed for men who want breathable comfort, secure attachment, and natural-looking confidence during workouts, football season, summer activities, and everyday movement.

IRVINE, Calif., June 13, 2026 /PRNewswire-PRWeb/ — As global football excitement builds and more men return to sports, workouts, travel, and outdoor activities, LaVivid Hair has introduced its Sports Hair Systems Collection, a curated lineup of breathable, secure, and natural-looking hair systems designed for men with active lifestyles.

Men should not have to choose between looking natural and living actively. This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.

For many men experiencing hair loss, staying active can bring concerns that go beyond performance. They may wonder whether a hair system will stay secure during sweat, whether the hairline will remain natural during movement, or whether they can focus on a game, workout, or summer activity without checking their hair.

LaVivid Hair created the Sports Hair Systems Collection to help answer those concerns with practical product choices built around comfort, hold, realism, and easier maintenance.

The collection focuses on four active-wear priorities:

Breathable comfort: Lace and lace-center constructions help improve airflow during warm weather, workouts, and active days.

Secure attachment: Hybrid bases with skin or poly perimeters provide a stable bonding area for tape or glue, helping wearers feel more confident during movement.

Natural appearance: Lace fronts, graduated hairlines, and realistic density options help maintain a natural look from different angles.

Easy maintenance: Active lifestyles require simple bonding, cleaning, and regular upkeep, especially after sweat, heat, or long wear.

“Men should not have to choose between looking natural and living actively,” said a LaVivid Hair spokesperson. “This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.”

Top recommendations from the Sports Hair Systems Collection include Simois, Light Crius, Upgrade Ares, and Mars. Each system serves a different active-wear need, from breathable full lace comfort to hybrid lace-and-skin constructions that balance airflow with secure bonding.

Simois is designed for wearers who want a breathable lace center, a natural lace front hairline, and a skin perimeter for reliable attachment. Light Crius offers a lower-density look with French lace comfort and easy bonding, making it suitable for warm-weather wear and lighter active routines. Upgrade Ares combines a lace center with an ultra-thin skin front for wearers who want a natural front appearance with practical maintenance. Mars, a full lace option, is ideal for men who prioritize maximum breathability and lightweight comfort for light sports and summer activity.

For sports and active lifestyles, LaVivid Hair also recommends pairing the right base with dependable attachment products such as Ultra Hold Tape and Ultra Hold Glue. The right adhesive routine can help improve confidence during workouts, football matches, and daily movement.

The Sports Hair Systems Collection is now available at LaVivid Hair. Customers can explore the collection here:

https://www.lavividhair.com/collections/workout?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318&utm_content=sports_hair_systems_collection

To learn more about LaVivid men’s hair systems, visit:

https://www.lavividhair.com/?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318

About LaVivid Hair

LaVivid Hair provides hair replacement solutions for men around the world, offering natural-looking men’s hair systems designed for different lifestyles, preferences, and everyday needs. Through continuous product development and customer-focused innovation, LaVivid Hair helps wearers regain confidence with comfortable, realistic, and reliable hair systems.

Media Contact

Charlie Sue, LaVivid Hair, 1 833-879-0279, service@lavividhair.com, LaVivid Hair

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Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

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MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

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