Press release
Pharmaceutical Logistics Market 2024 - Assessing Size, Sharing Insights, Unveiling Trends, Conducting Forecast and Trends Analysis Report Till 2033
Pharmaceutical Logistics Market
The Business Research Company presents an extensive market research report on the Pharmaceutical Logistics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The pharmaceutical logistics market size has grown rapidly in recent years. It will grow from $112.31 billion in 2023 to $124.81 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to stringent regulations, globalization of pharmaceutical trade, temperature-controlled logistics, e-commerce expansion, healthcare industry growth.
The pharmaceutical logistics market size is expected to see rapid growth in the next few years. It will grow to $191.18 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to market expansion in developing countries, risk mitigation strategies, supply chain visibility enhancement, healthcare industry expansion, advancements in cold chain logistics. Major trends in the forecast period include focus on security and product integrity, global supply chain network optimization, green logistics initiatives, demand for real-time monitoring, regulatory compliance demands.
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Key Market Players:
Major companies operating in the pharmaceutical logistics market report are McKesson Corporation, AmerisourceBergen Corp, Cardinal Health Inc., Deutsche Post AG, FedEx Corp, Kuehne + Nagel International AG, SF Holding Co Ltd., CR Pharmaceutical Group Ltd., DSV Panalpina A/S, Schenker AG, C.H. Robinson Worldwide Inc., Alfresa Holdings Corp, Nippon Express Co Ltd., Air Canada Inc., Kerry Logistics Network Limited, Lineage Logistics Holding LLC., Flexport Inc., Nichirei Logistics Group Inc., Mainfreight Ltd., Americold Logistics LLC., NFI Industries Inc., Agility Public Warehousing Company K.S.C.P., Profarma Distribuidora de Produtos Farmaceuticos S.A., United States Cold Storage Inc., NewCold Advanced Cold Logistics BV, Cloverleaf Cold Storage Co, Kingworld Medicines Group Ltd, CEVA Logistics AG, Kloosterboer Group BV., MEDIPAL HOLDINGS Corp, B.C. Ice & Cold Storage Co
Market Drivers:
The rise in demand for pharmaceutical products is expected to propel the growth of the pharmaceutical logistics market going forward. Pharmaceutical products refer to any medicine that is for human use that is available in finished dosage form and is controlled by pharmaceutical legislation. Logistics help pharmaceutical products handle the procurement, storage, and transportation of resources. For instance, according to an article by India Brand Equity Foundation, an Indian government export promotion agency, in 2021 the Indian pharmaceutical market increased annually to 17.7%. Therefore, a rise in demand for pharmaceutical products is driving the growth of the pharmaceutical logistics market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/pharmaceutical-logistics-global-market-report
The pharmaceutical logistics market covered in this report is segmented -
1) By Type: Cold Chain Logistics, Non-Cold Chain Logistics
2) By Component: Storage, Transportation, Monitoring Components
3) By Procedure: Picking, Storage, Retrieval Systems, Handling Systems
4) By Transportation: Sea Freight, Air Freight, Overland
5) By Application: Bio Pharma, Chemical Pharma, Specialty Pharma
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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