Pharmaceutical Logistics Market is expected to reach USD 446.61 billion by 2030

The market for pharmaceutical logistics is anticipated to grow in the future due to the increase in demand for pharmaceutical products. Any medication that is intended for human use is accessible in final dosage form and is subject to pharmaceutical law is referred to as a pharmaceutical product. Logistics aids in the management of resource acquisition, storage and transportation for pharmaceutical products. According to a report by the India Brand Equity Foundation, a government export promotion organization in India, the Indian pharmaceutical market rise annually to 17.7% in 2021 from 13.7% in July 2020. Consequently, the pharmaceutical logistics market is expanding due to an increase in pharmaceutical product demand.

Data Bridge Market Research analyses that the pharmaceutical logistics market which is USD 227.45 billion in 2022, is expected to reach USD 446.61 billion by 2030, at a CAGR of 8.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The integration of information flow, material handling, production, packaging, inventory and chain management of prescription medications is referred to as pharmaceutical logistics. Cold chain logistics and non-cold chain logistics are the two basic subtypes of pharmaceutical logistics. The equipment and procedures zed for the secure transportation of temperature-sensitive items along the supply chain are referred to as "cold chain logistics." Many parts of pharmaceutical logistics include components for monitoring, storage and transportation.

Recent Developments

In 2022, UPS acquires healthcare logistics company Bomi Group to increase the size of its temperature-controlled facilities. With this purchase, the UPS Healthcare network in Europe and Latin America will have access to more than 3,000 highly skilled Bomi Group team members and 14 nations with temperature-controlled facilities.
In 2022, MTC Logistics, a premier cold-chain service provider, was acquired by Lineage Logistics LLC, the world's largest and most innovative temperature-controlled industrial REIT and logistics services. These four key locations are on or very close to the ports of Baltimore, Maryland; Wilmington, Delaware; and Mobile, Alabama. The addition of these facilities would increase Lineage's present footprint, which already includes more than 400 carefully placed facilities with a total capacity of more than 2 billion cubic feet across 19 nations.

Some of the major players operating in the pharmaceutical logistics market are:

AmerisourceBergen Corporation (U.S.)
CAVALIER LOGISITICS (U.S.)
Continental Carbon Company (U.S.)
DHL International GmbH (Germany)
FedEx (U.S.)
Kuehne+Nagel (Germany)
Deutsche Post AG (Germany)
LifeConEx (U.S.)
American Airlines Inc. (U.S.)
Air Charter Service (India)
Agility Public Warehousing Company (U.S.)
VersaCold Logistics Services (Canada)
Delhivery Limited (India)
YUSEN LOGISTICS CO., LTD. (India)
V-Xpress (India)
FulfillmentHubUSA (U.S.)
Prompt Brazil Logistics (Brazil)

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