pharmaceutical logistics market || Size, Share & Trends Analysis Report By Manufacturers, Application, Type and Segment Forecasts, 2020-2030

The global pharmaceutical logistics market accounted for US$ 71.3 billion in 2019 and is estimated to be US$ 144.6 billion by 2029 and is anticipated to register a CAGR of 7.4%.

The report "Global Pharmaceutical Logistics Market, By Type (Cold Chain and Non Cold Chain), By Technology (Logistics (Sea Freight, Airfreight, Rail Freight, Overland, and Integrated) and Procedures (Picking, Storage, Retrieval Systems, and Handling Systems), By Application (Chemical Pharma, Bio-Pharma, and Specialized Pharma), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

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Key Highlights:

In November 2019, Agility, a leading global logistics provider announced that Agility Italy has earned Good Distribution Practice (GDP) certification, demonstrating its ability to meet stringent guidelines for proper storage, transport and distribution of medicinal products for human use. GDP certification of Agility Italy, based in Milan, expands Agility’s continuously growing life sciences footprint, which includes 15 certified stations across Europe, Asia, Latin America and North America.
In October 2019, CEVA Logistics has launched a specialist installation service for large-scale medical equipment in India. In an expansion of its global healthcare capabilities, CEVA is using its own dedicated team of engineers and technicians for the new service. CEVA’s expert team will be responsible for unpacking, installing and setting up equipment such as cath labs, magnetic resonance imaging (MRI) scanners, digital radiography machines and computerised tomography (CT) scanners on behalf of a number of global manufacturers.
Analyst View:

Rising demand for Over the Counter (OTC) medicines such as Minerals, Supplements (VMS), and Vitamins, common cough and cold drugs, gastrointestinal drugs, and dermatology products is driving growth of the target market globally. The increasing importance of fast track assistance in healthcare sector is also motivating the global pharmaceutical logistics market growth. Additionally, the lessening the distribution cost by forming a single source distribution channel is further fueling the demand for pharmaceutical logistics. Numerous companies are entering into mergers and acquisitions to strengthen their proprietary knowledge and geographical presence. Further, they are also focusing on decreasing the overall packaging costs of their products. The pharmaceutical and biotechnology supply chains are mostly prone to the risks associated with product adulteration during transport as well as non-compliance with federal standards, regulations, and guidelines. Therefore, the players are vigorously investing in state-of-the-art technologies such as remote monitoring and telematics to provide convenience and safety during transportation operations, which is, in turn, impelling the target market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Pharmaceutical Logistics Market”, By Type (Cold Chain and Non Cold Chain), By Technology (Logistics (Sea Freight, Airfreight, Rail Freight, Overland, and Integrated) and Procedures (Picking, Storage, Retrieval Systems, and Handling Systems), By Application (Chemical Pharma, Bio-Pharma, and Specialized Pharma), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global pharmaceutical logistics market accounted for US$ 71.3 billion in 2019 and is estimated to be US$ 144.6 billion by 2029 and is anticipated to register a CAGR of 7.4%. The market report has been segmented on the basis of type, technology, application, and region.

By type, cold chain logistics led the target market with a highest market share in 2019 and is expected to continue its dominance over the forecast period. This is mainly attributed due to growing demand for temperature-controlled products. The rising adoption of telematics in cold chain pharmaceutical logistics is serving the companies to improve the connectivity, efficiency, and safety of transport cargoes.
By technology, the storage segment the target market with a highest market share in 2019, owing to growing focus on storage of temperature-sensitive complements to make sure that the pharmaceutical products are safe during transportation. Additionally, changing lifestyles of consumers and the dietary pattern are boosting the demand for the nutritional supplements and temperature-sensitive protein, which is projected to drive the demand for the storage segment in the coming years.
By application, the target market is classified into chemical pharma, bio-pharma, and specialized pharma.
By region, North America led the target market with a maximum revenue share in 2019, due to the presence of a large number of major industry participants. Additionally, a growing number of mergers and acquisitions amongst pharma companies, such as AbbVie, Inc. and Bristol-Myers Squibb is likely to propel the regional market.

Competitive Landscape:

The prominent player operating in the global pharmaceutical logistics market includes Agility, Air Canada, CEVA Logistics, Deutsche Post AG, DB Schenker, FedEx, Marken, LifeConEx, United Parcel Service of America, Inc., and VersaCold Logistics Services.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

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