Technology

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

Published

14 hours ago

April 23, 2026

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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Technology

Fox ESS Ranks No. 1 Globally in Residential Energy Storage

Published

52 minutes ago

April 24, 2026

WENZHOU, China, April 23, 2026 /CNW/ — Fox ESS, a global leader in renewable energy solutions, has been ranked No. 1 among residential energy storage providers worldwide for 2025, based on MWh shipments in S&P Global Energy’s Residential Energy Storage Market Tracker.

The report also places Fox ESS at No. 1 in Germany and the UK, highlighting the company’s momentum in key markets and expanding distribution footprint.

Compared with 2024, Fox ESS’s global market share rose 50% in 2025, reinforcing its position in a rapidly growing residential storage sector. The company has continued to scale internationally, with global headcount doubling from the end of 2024. As of April 2026, Fox ESS employs more than 5,000 people worldwide, and has added local support through new offices, including in Sydney, Australia.

“We’re thrilled for this remarkable achievement. It reflects our commitment to innovation and product quality, and to making clean, reliable energy practical for households around the world,” said Michael Zhu, CEO of Fox ESS. “We will continue pushing the boundaries to deliver solutions that help homes and businesses move toward energy independence.”

Notably, Fox ESS has launched the Champion’s Choice campaign globally, combining the endorsement of sports champions with recognition from prestigious organizations. With the first stop in Australia, the company signed Ian Thorpe, a five-time Olympic champion last December. The campaign underscores Fox ESS’s ambition to deliver better value for customers and partners.

Fox ESS is committed to building long-term trust with customers and partners. The company delivers reliable, high-quality energy storage systems engineered for consistent performance, supported by rigorous quality-control processes designed to help ensure every product meets the highest standards.

Fox ESS develops solutions that serve both installers and end users. With ongoing investment in R&D, the company stays ahead of evolving market needs, helping installers work more efficiently while enabling homeowners to move toward energy transition and reduce electricity costs.

With a team of more than 400 experts in R&D, Fox ESS continues to refine its product design for easier transportation, installation, and everyday use. The AI-powered FoxCloud app also makes energy management more intuitive, enabling users to monitor and control home energy consumption, manage smart devices, and track detailed generation and usage data in a single streamlined platform, delivering greater peace of mind.

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SOURCE Fox ESS

Technology

Deepvein Mining Tech Wins NY Product Design Gold for Exploration Robotics

Published

52 minutes ago

April 24, 2026

SHANGHAI, April 23, 2026 /PRNewswire/ — Deepvein Mining Tech, a developer of robotic systems for mining operations, has received Gold at the 2026 NY Product Design Awards for its Intelligent Geological Mapping and Geochemical Sampling Quadrupedal Robots, a robotics series developed for mineral exploration in remote and high-risk field environments.

The NY Product Design Awards, organized by the International Awards Associate (IAA), recognize achievements in product design and industrial innovation worldwide.

Mining exploration has become increasingly costly and technically challenging as easily accessible deposits are depleted, particularly in remote and geologically complex regions where fieldwork can be slow, labor-intensive and operationally demanding.

Deepvein’s award-winning robotics series was developed to address those constraints through a combination of quadrupedal robotic hardware and integrated software systems. The solution supports route planning, equipment coordination, sample logging and geological data management, helping standardize field operations and reduce manual workloads.

Designed for geological mapping and geochemical sampling, the robotic units can autonomously perform targeted collection tasks while reducing repeated manual fieldwork. A single operating cycle can gather approximately 30 to 50 samples.

According to deployment data from company-operated mining assets in Africa, exploration data collection cycles were reduced from around 12 months to one week, while overall workflow costs fell by approximately 40%.

Beyond efficiency gains, the use of robotic systems in steep, high-temperature or hard-to-access areas can help reduce personnel exposure to hazardous conditions. Improved targeting and digital workflow management can also limit unnecessary surface disturbance during early-stage exploration.

Deepvein is developing a broader portfolio of mining robotics covering the industry lifecycle, with future applications expected in transport support, inspection, maintenance and site rehabilitation, alongside continued iteration of its exploration-stage systems.

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SOURCE Deepvein Mining Tech

Technology

SK Group Establishes Foundation for AI Collaboration with Vietnam

Published

2 hours ago

April 24, 2026

SK Telecom and SK Innovation sign separate MOUs with Vietnam’s Nghe An Province and the National Innovation Center (NIC) to foster artificial intelligence (AI) ecosystem development.From AI data center (AIDC) construction to stable power supply, Korea’s full-stack AI is poised for its first overseas expansion.SK Chairman Chey Tae-won: “SK Group will contribute to the advancement of Vietnam’s AI industry through its comprehensive AI portfolio.”

SEOUL, South Korea, April 24, 2026 /PRNewswire/ — SK Group announced it will collaborate with Vietnam to build the country’s artificial intelligence (AI) industry ecosystem and develop core AI infrastructure.

At the Korea–Vietnam Business Forum held in Hanoi on April 23, SK Group signed separate memoranda of understanding (MOUs) with the Nghe An Provincial Government and Vietnam’s National Innovation Center (NIC) to foster AI ecosystem development.

The signing ceremony was held in the presence of Kim Jung-kwan, Minister of Trade, Industry and Resources of Korea, and Ngo Van Tuan, Minister of Finance of Vietnam.

The Memorandum of Understanding (MOU) between the Nghe An Provincial People’s Committee and SK Group was signed by Vo Trong Hai, Chairman of the Nghe An Provincial People’s Committee; Choo Hyeong-wook, President & CEO of SK Innovation; and Jung Jai-hun, President & CEO of SK Telecom.

Another MOU between the National Innovation Center (NIC) and SK Group was signed by Vu Quoc Huy, Director General of NIC; Choo Hyeong-wook, President & CEO of SK Innovation; and Jung Jai-hun, President & CEO of SK Telecom.

Chey Tae-won, Chairman of SK Group and Chairman of the Korea Chamber of Commerce and Industry (KCCI), also attended the ceremony.

Earlier, at the Korea–Vietnam Summit, the two countries agreed to expand cooperation in future growth sectors such as AI, semiconductors, and energy. SK Group’s MOUs with Vietnam represent this bilateral cooperation being put into action by the private sector.

Through these partnerships, SK Group plans to support Vietnam’s growth as a key partner in its national AI strategy. In addition, building on AI data center development and stable power supply, SK Group is expected to lay the groundwork for the first overseas expansion of its “Korean-style AI full-stack” model, linking AI model development and validation with the rollout of industry-specific AI services.

Joint AIDC feasibility study in Nghe An linked to the Quynh Lap LNG Power Project

SK Innovation and SK Telecom signed an MOU with the Nghe An provincial government to jointly explore developing an AIDC and related infrastructure projects in the region. Nghe An is a major economic hub in north-central Vietnam and has emerged as a fast-growing region for manufacturing, energy and advanced industries, supported by its port and logistics infrastructure.

SK Innovation will explore broad cooperation opportunities in energy solutions, including supplying electricity to the data center and building dedicated generation facilities connected to the Quynh Lap LNG Power Project, for which it was recently selected as the developer.

SK Telecom plans to review options for developing, building, and operating the AIDC while also seeking to secure global demand. The Nghe An provincial government agreed to discuss support measures to help advance the partnership, including permits, administrative procedures, inter-ministerial coordination and incentive programs.

In February, SK Innovation was selected as a developer for the Quynh Lap LNG power project in Nghe An Province, together with PV Power, a power generation subsidiary of Vietnam’s state-owned oil and gas group PVN, and local company NASU. The project is a large-scale energy infrastructure initiative that includes the development of a 1,500-MW gas-fired combined cycle power plant, an LNG terminal, and a dedicated port, with construction scheduled to begin in 2027 and completion targeted for 2030. From the proposal stage, SK Innovation also presented a model to foster high value-added industries by integrating SK Group’s AI and semiconductor capabilities in areas near the power plant, thereby laying the foundation for the current partnership.

At the forum, the Nghe An government also presented the SK Innovation consortium with the Investment Registration Certificate (IRC) for the Quynh Lap Power Project, reaffirming its commitment to the development.

“Drawing on SK Group’s experience in operating large-scale power generation and diverse energy solution businesses, we will ensure the successful development of the local power infrastructure,” said Choo Hyeong-wook, President & CEO of SK Innovation, during a presentation titled “Vietnam’s Economic Leap through AI + Energy Innovation.”

Cooperation with NIC to Build Vietnam’s AI Ecosystem

SK Telecom and SK Innovation also signed a comprehensive MOU with Vietnam’s NIC to support the development of the country’s AI ecosystem.

The two sides agreed to cooperate on AIDC development, energy infrastructure development and the establishment of policy and institutional frameworks to foster the AI industry.

Under the agreement, SK Telecom will support AI ecosystem development in Vietnam through technology collaboration and investment promotion, and SK Innovation will provide energy solutions for AIDCs and related industries. The NIC will provide institutional support, such as coordinating with government agencies, improving regulations and developing policy, while also identifying and connecting local partners to facilitate project execution.

Established in 2019 by the Vietnamese government, NIC serves as the country’s national innovation hub, leading initiatives in AI, semiconductors and investment promotion. SK Group has maintained a close partnership with NIC, including a previous $30 million contribution toward its establishment.

Jung Jai-hun, President and CEO of SK Telecom, said, “AI data centers are key infrastructure that underpins the growth of the AI industry. Building on SK Group’s accumulated capabilities in the development, construction, and operation of AI data centers, we will further refine a collaboration model tailored to the Vietnamese market.”

First Overseas Expansion of Chairman Chey Tae-won’s “AI Full-Stack Provider” Vision

This partnership in Vietnam is significant as it could mark SK Group’s first overseas expansion of the “AI full-stack provider” strategy, integrating capabilities in AIDC, power, and energy solutions.

Chairman Chey Tae-won has consistently articulated his vision of transforming SK Group into an “AI full-stack provider.” Leveraging SK Group’s strengths across the AI value chain—including semiconductors, data centers, power and energy solutions, and AI services—the Group aims to build the most efficient AI infrastructure model.

Under this vision, SK Group is advancing the development of the 100-MW hyperscale “SK AI Data Center Ulsan,” targeted for completion in 2027. The Group has also been laying the groundwork for Korea to emerge as an Asia-Pacific AI hub by engaging in discussions with OpenAI on collaboration for AI data center development in Korea.

Ahead of the Korea–Vietnam Business Forum, Chairman Chey Tae-won said at a business roundtable, “AI will play a critical role in Vietnam’s continued growth. SK Group has a portfolio spanning the entire AI ecosystem—from energy and semiconductors to AI models and applications—and we will leverage this to make tangible contributions to the development of Vietnam’s AI industry.”

About SK Telecom

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life.

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

About SK Innovation

Founded in 1962 as Korea Oil Corporation, SK Innovation has been at the forefront of Korea’s energy industry for over six decades. The company has pioneered numerous milestones, including Korea’s first overseas oil field development, the vertical integration of its energy and chemical businesses, the nation’s first private LNG import, and a strategic entry into the electric vehicle battery business.

Now, SK Innovation has reached a transformative turning point in its journey to become a Comprehensive Global Energy Company. Extending beyond its traditional oil business to encompass the entire energy value chain -spanning LNG & Power, Renewable Energy, and Energy Solutions- the company is driving global expansion, including in Vietnam.

For more information, please visit the official SK Innovation website at www.skinnovation.com.

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SOURCE SK Group; SK Telecom