Pharmaceutical logistics Market Top Key Players – Agility, Air Canada, PCI Pharma Services, Continental Cargo OÜ, CEVA Logistics, Schenker AG, Deutsche Post AG, FedEx

The Global Pharmaceutical Logistics Market is expected to grow at a CAGR of XX%. The market growth is attributed to the increasing demand for the household healthcare products and raising importance of fast-track assistance. Additionally, there is a growing need for maintaining the cold chain integrity for pharmaceutical products and decreasing the distribution cost by creating a single source distribution channel is further boosting the demand of pharmaceutical logistics.

Research suggests that logistics costs comprise of about 45-55% of the costs in the Indian Pharmaceutical supply chain from factory to shelf. Logistics has long been considered as a basic supporting function within the life sciences sector.

Download For Sample@ https://bit.ly/3qXR00j

PHARMACEUTICAL LOGISTICS TRENDS IN THE MARKET

Near Shoring

Much of the supply chain of pharmaceuticals are routed through China for the APIs (Active Pharmaceutical Ingredients), the US government has requested the FDA (Food and Drug Authority) to determine the key APIs that are needed for the manufacturing of advanced drugs that are routed through China.

COVID-19 Vaccine Is The Biggest Driver
Till the end of 2022 or mid-2023, the biggest revenue generator for the pharmaceuticals logistics market, with vaccine in short supply this might even end till the end of 2024.

Increase In Non-Cold Chain Products

Non cold chain products exhibit higher sales over cold chain products in general all over the world. The non-cold chain spending is expected to grow at a CAGR of 2%.

Penetration Of Digital Supply Chain

The market is highly competitive with many companies striving to offer cloud-based supply chain solutions and a secured supply chain function.

PHARMACEUTICAL LOGISTICS MARKET SEGMENTATION

Mode Of Transport
1. Air cargo
2. Ocean cargo
3. Road transport
4. End to End transport services

Application
1. Bulk drug handlers
2. Vaccine
3. Chemicals & Other raw materials
4. Biological material and organs
5. Hazardous cargo

On the basis of segment, transportation accounts for more than half of the global cold chain logistic services. Other major segments are packaging and instrumentation. On the basis of region, North America is the largest market, followed by Asia-Pacific, Europe and others.

Asia-Pacific is the fastest growing region, owing to the developing economies of China, India, South Korea, which are emerging as major destinations for outsourcing clinical trials, drug manufacturing and pathology testing.

COMPANIES PROFILED

Agility
Air Canada
PCI Pharma Services
Continental Cargo OÜ
CEVA Logistics
Schenker AG
Deutsche Post AG
FedEx
Kerry Logistics Network Limited
LifeConEx
Genco Shipping & Trading
AGRO Merchants Group
United Parcel Service of America, Inc
DSV
VersaCold Logistics Services
AmerisourceBergen Corporation
KUEHNE + NAGEL
YUSEN LOGISTICS CO, LTD
Stellar
SF Express
PANALPINA WORLD TRANSPORT (HOLDING) LTD
C.H. Robinson Worldwide, Inc

Read More Information: https://mobilityforesights.com/product/pharmaceutical-logistics-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.