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Pharmaceutical Logistics Market worth $99.94 billion by 2030, growing at a CAGR of 5.28% - Exclusive Report by 360iResearch
Pharmaceutical Logistics Market | 360iResearch
The Global Pharmaceutical Logistics Market to grow from USD 69.68 billion in 2023 to USD 99.94 billion by 2030, at a CAGR of 5.28%.
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Pharmaceutical logistics is managing the flow of medicines, drugs, and healthcare products from manufacturers to distributors and ultimately to patients. It involves a series of coordinated activities, including procurement, handling, warehousing, distribution, and transportation, while ensuring the products' integrity, safety, and compliance with regulatory standards. The aim is to deliver the right products in the appropriate condition and quantity to the desired location on time, efficiently, and securely. Meanwhile, the growing need for temperature-controlled logistics for medicine and increased demand for vaccines and drugs worldwide has bolstered the growth of pharmaceutical logistics. However, the concerns associated with the complex process and the stringent government regulations related to pharmaceutical logistics present a significant challenge for companies operating in the global space. Companies are constantly focusing on developing more advanced cold chain solutions, real-time monitoring systems, drone delivery for inaccessible regions, and sustainable packaging solutions to remain agile within the global landscape. Moreover, the integration of blockchain for better traceability, the use of AI and data analytics for predictive logistics, and advancements in temperature-controlled logistics to ensure the efficacy of temperature-sensitive products are advent and present a significant opportunity for the key companies.
In the Americas, the United States and Canada are significant hubs in pharmaceutical logistics due to their large consumer market, sophisticated healthcare infrastructure, and a strong presence of global pharmaceutical corporations. The increasing demand for personalized medicine and a high chronic disease prevalence rate drive the demand for pharmaceutical logistics solutions in this region. Additionally, emerging markets in Latin America present a varied pharmaceutical logistics landscape, affected by disparate regulatory systems and the need for infrastructure improvements. Similarly, the European Union's pharmaceutical logistics sector is governed by tight regulations, especially concerning drug safety and traceability. Integrated logistics solutions are in demand in this region, bolstered by the high penetration of digital technologies to manage cross-border pharmaceutical flows. On the other hand, The logistics market in the Middle East is experiencing growth through strategic geographic positioning and investments in infrastructure such as air and sea ports. There's a rising demand for high-quality chronic care medications and an increase in private healthcare facilities, requiring prompt and advanced logistics solutions. Moreover, the Asia-Pacific region is experiencing significant growth in the pharmaceutical logistics market, driven by the expanding healthcare sector, advancements in pharmaceutical manufacturing, and the increasing demand for efficient distribution of medical products. Factors such as a swelling patient pool, government initiatives to improve healthcare infrastructure, and a surge in the pharmaceutical industry's focus on emerging markets are key contributors to this growth.
Market Segmentation & Coverage:
This research report categorizes the Pharmaceutical Logistics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Mode of Transportation, market is studied across Air Shipping, Rail Shipping, Road Shipping, and Sea Shipping. The Road Shipping commanded largest market share of 36.02% in 2023, followed by Sea Shipping.
Based on Product, market is studied across Biologic & Biosimilar, Branded Drugs, and Generic Drugs. The Branded Drugs commanded largest market share of 41.42% in 2023, followed by Biologic & Biosimilar.
Based on Transport, market is studied across Cold-chain Transport and Non Cold-chain Transport. The Non Cold-chain Transport commanded largest market share of 58.10% in 2023, followed by Cold-chain Transport.
Based on Drug Supply Stage, market is studied across In-house and Outsourced. The Outsourced commanded largest market share of 80.34% in 2023, followed by In-house.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.62% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Pharmaceutical Logistics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Pharmaceutical Logistics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Pharmaceutical Logistics Market, highlighting leading vendors and their innovative profiles. These include A.P. Møller - Mærsk A/S, Air Canada, AIT Worldwide Logistics, Inc., Almac Group, AmerisourceBergen Corporation, AWL India Private Limited, Bilcare Limited, C.H. Robinson Worldwide, Inc., Catalent, Inc., CEVA Logistics, Clinigen Group PLC, Crown LSP Group, DHL International GmbH by Deutsche Post AG, DSV A/S, FedEx Corporation, ICON PLC, Infosys Limited, Kerry Logistics Network Limited, Kuehne + Nagel International AG, Lineage, Inc., Lonza Group Ltd., Movianto Group, NextPharma Logistics GmbH, Nippon Express Co., Ltd., Parexel International Corporation, SEKO Logistics, SF Express Co., Ltd., Thermo Fisher Scientific, Inc., United Parcel Service of America, Inc., and YUSEN LOGISTICS CO., LTD..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pharmaceutical Logistics Market, by Mode of Transportation
7. Pharmaceutical Logistics Market, by Product
8. Pharmaceutical Logistics Market, by Transport
9. Pharmaceutical Logistics Market, by Drug Supply Stage
10. Americas Pharmaceutical Logistics Market
11. Asia-Pacific Pharmaceutical Logistics Market
12. Europe, Middle East & Africa Pharmaceutical Logistics Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Pharmaceutical Logistics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pharmaceutical Logistics Market?
3. What is the competitive strategic window for opportunities in the Pharmaceutical Logistics Market?
4. What are the technology trends and regulatory frameworks in the Pharmaceutical Logistics Market?
5. What is the market share of the leading vendors in the Pharmaceutical Logistics Market?
6. What modes and strategic moves are considered suitable for entering the Pharmaceutical Logistics Market?
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