Press release
Pharmaceutical Logistics Market by Operation (Seaways, Roadways, Railways, Airways, Storage and Services), by Business Type (Transportation, Warehousing, Value added Services), by Application (Bio Pharma, Chemical Pharma, Speciality Pharma), by Type (Cold
Report OverviewThe global pharmaceutical logistics market size was valued at USD 78.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2023 to 2032. A significant driver of the rapid expansion of pharmaceutical logistics is the COVID-19 pandemic's short-term effects on the market. Governments all over the world are putting an emphasis on healthcare facilities and a plentiful supply of medications for the patients amid the pandemic. As a result, there is an increase in the trade of traditional medications across nations.
Key vaccine companies are working hard to spread these vaccinations around the world now that they have been given the go-ahead for use. A robust supply network would be required to make vaccines accessible worldwide for emergency use. As a result, it is anticipated to propel the market's growth at a rapid rate during the course of the forecast year. Additionally, the need for medications used to treat the new coronavirus disease is anticipated to spur market expansion.
Due to rising generic medicine sales and healthcare changes that favour generics, there is an increase in the demand for pharmaceutical logistics in the U.S. Because of several local and foreign businesses, the pharmaceutical logistics market in North America is highly fragmented. The existence of several domestic and international businesses makes the sector extremely competitive.
Global Pharmaceutical Logistics Market Scope and Market Size
The type, component, technique, and application segments of the pharmaceutical logistics industry are used to define the market. The development of these segments will assist you in analysing the industries' inadequate growth segments and will give users useful industry overview and market insights to aid in the selection of key market applications.
The pharmaceutical logistics market is divided into two types of segments: cold chain logistics and non-cold chain logistics.
The pharmaceutical logistics market is divided into storage, transportation, and monitoring components based on component. Storage has also been divided into warehouse and chilled container categories. Sea freight logistics, air freight logistics, overland logistics, and integrated logistics are other divisions of transportation. Hardware and software-based monitoring components have been further divided into categories. Hardware has been further divided into sensors, RFID gadgets, telematics gadgets, and networking gadgets.
The pharmaceutical logistics industry is divided into picking, storage, retrieval, and handling systems based on method.
The pharmaceutical logistics industry is divided into chemical pharma, bio-pharma, and specialty pharma on the basis of application.
Competitive Landscape
There are numerous businesses operating in the market, which is highly fragmented. The top brands in this sector include FedEx, DB Group, and DHL. Pharmaceutical logistics firms constantly engage in strategic activities, such mergers and acquisitions, to maintain their position in the market. Additionally, businesses in the pharmaceutical logistics sector are making investments in technologies like telematics, remote sensing and monitoring, and the integration of GPS and GIS in the transportation of goods in order to offer consumers secure and practical pharmaceutical logistics services.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Pharmaceutical Logistics manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Pharmaceutical Logistics market covering all its essential aspects.
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Global Pharmaceutical Logistics Market: Segmentations
Global Pharmaceutical Logistics Market: By Key Players
Deutsche Post DHL
UPS
Kuehne + Nagel
FedEx
DB Group
DSV
SF Express
Nippon Express
Panalpina
CH Robinson
Kerry Logistics
CEVA
Yusen Logistics
World Courier
VersaCold
Air Canada Cargo
Agility
Global Pharmaceutical Logistics Market: By Types
Cold Chain Logistics
Non-cold Chain Logistics
Global Pharmaceutical Logistics Market: By Applications
Ground Transportation
Shipping
Air Transport
Global Pharmaceutical Logistics Market: Regional Analysis
The countries covered in the regional analysis of the Global Pharmaceutical Logistics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Frequently Asked Questions About This Report
• How big is the pharmaceutical logistics market?
• What is the pharmaceutical logistics market growth?
• Which type of pharmaceutical logistics led the global market?
• Which component accounted for the highest share in the pharmaceutical logistics market?
• Which region accounted for the largest pharmaceutical logistics market share?
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