Pharmaceutical Logistics Market to grow with a Healthy CAGR, Forecast 2021 – 2028 | Key Players – Agility; Air Canada; PCI Pharma Services; Continental Cargo OU

 A new market study is released on Pharmaceutical Logistics Market  with data Tables for historical and forecast years represented with Chats & Graphs spread through Pages with easy to understand detailed analysis. This Pharmaceutical Logistics Market report is delivered as the most relevant, unique, fair, and creditable global market research report to valuable customers and clients depending upon their specific business needs. It facilitates in adjusting the production depending on the conditions of demand which avoids wastage of goods. Market research reports like this Pharmaceutical Logistics Market surely helps to reduce business risk and failure. Major competitor strategies include but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. Research and analysis is carried out with one step or the combination of several steps depending upon the client need and the business requirements.

Global pharmaceutical logistics market is expected to rise to an estimated value of USD 98.19 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demand for more effective and efficient logistics service amid a rise in consumption of pharmaceutical products.

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Key Market Competitors: 

Agility; Air Canada; PCI Pharma Services; Continental Cargo OU; 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. and C.H. Robinson Worldwide, Inc.

Market Drivers

Increasing sales and consumption of pharmaceutical products which has been caused by an increased prevalence of chronic diseases; this factor is expected to drive the growth of the market
Need for decreasing the overall cost of logistics service by adopting a unified distribution service; this factor is expected to enhance the growth of the market
Enhanced verification and safety of services as it prevent counterfeit drugs being distributed through the supply chain; this factor is expected to flourish the growth of the market
Increased demand for specialized value-added services such as temperature-controlled, cold chain storage; this factor is expected to add on to the growth of the market

Market Restraints

Requirement of a coordinated and interlinked logistics services with complete anonymity in the supply chain of pharmaceuticals; this factor is expected to restrain the growth of the market
Requirement of complying with strict regulations that are varied according to the different regions of the world; this factor is expected to hinder the market growth

Market Definition: Global Pharmaceutical Logistics Market 

Pharmaceutical logistics is a specialized branch of logistics services wherein service providers are focused on providing transporting, storage, proper handling and delivering the pharmaceutical products from the manufacturing location to the desired location. Pharmaceutical logistics require the services to be designated as per the regulations of products provided by the authorities.

Competitive Analysis: Global Pharmaceutical Logistics Market 

Global pharmaceutical logistics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical logistics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Developments in the Market:

In April 2019, Stellar announced that they had acquired Patel Roadways through their business operations unit Innovative Logistics Services Pvt. Ltd. in an all-cash transaction. This acquisition expands the on-road capabilities of Stellar as they will be able to provide logistical services to more than 350 branches across the Indian region, as they look to expand their fleet of trucks and service offerings especially value-added services.
In November 2016, United Parcel Service of America, Inc. (UPS) announced that they had agreed to acquire Marken. This acquisition will further expand the logistics services provided by UPS especially for pharmaceutical, life sciences and healthcare industries. Marken will begin operating as a subsidiary of UPS. This acquisition will help in the expansion of logistics facilities for healthcare and clinical trials in compliance with the regulations provided by authorities.

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Reasons to Purchase this Report

Current and future of global pharmaceutical logistics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

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