Pharmaceutical Logistics Market Size to Reach USD 179.83 Bn by 2030

Pharmaceutical Logistics Market Size was valued at USD 97.06 Bn. in 2023 and the total Pharmaceutical Logistics revenue is expected to grow at a CAGR of 9.2% from 2024 to 2030, reaching nearly USD 179.83 Bn. For example, the latest market research states that it should grow around 8.5% annually compound from 2023 to 2030 and exceed a valuation of +$130 million at the end of the period. The temperature-controlled pharmaceutical packaging revenue is driven by the increasing demand for pharmaceuticals in outlets without cooling system, growing biopharmaceutical industry and rising need for efficient supply chain solutions to deliver life-saving medicines at low risk. Moreover, increasing incidence of chronic diseases and the consequent growth in pharmaceutical production is creating ample opportunities for market participants. Almost 47% of logistics experts from automotive, high-tech, pharma, retail and other sectors are moving towards digitalisation and automation of operations, which is further expected to fuel the market growth due to increasing transparency in supply chain, decrease in operational cost and product integrity due to integration of these advanced technologies like blockchain in addition to AI and IoT in logistics operations.

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2024 Market Trends and Investments in America

US also represents the prominent market player in the global pharma logistics market owing to a significant share of global revenue. As of 2024, the US market features several key trends, such as rising investments in cold chain logistics to facilitate the distribution of temperature-sensitive biologics and vaccines. The COVID-19 pandemic has brought attention to the need for a strong cold chain infrastructure, causing both private and public sectors to make heavy investments. Moreover, the US government is also encouraging the pharmaceutical logistics industry with relevant policies and capital, and strengthening the domestic supply chain. In an article dated in the last couple of days we learn that the Biden administration pays close attention to the enhancement of the resilience of the pharmaceutical supply chain on national soil by decreasing reliance on foreign manufacturers and making sure that essential drugs stay available. These investments will spur innovation and efficiency in the US pharmaceutical logistics industry and reinforce its global dominance.

Market Segmentation: Cold Chain Logistics To Dominate

The pharmaceutical logistics market includes segments as by service type, by mode of transportation, and by product type. Of these, the cold chain logistics segment leads in the market share, due to the rising demand for temperature-controlled storage facilities and transport of biologics, vaccines, etc., and other sensitive pharmaceutical products. This segment is further supported by the growing biopharmaceutical industry and stringent regulatory requirements for the storage and transport of temperature-sensitive drugs. Cold chain logistics segment is expected to continue its expertise in the lesser forecast period as insurers are investing heavily in advanced refrigeration technologies and real-time monitoring systems to guarantee product safety and efficacy.

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Competitive Landscape: Key Players Fueling Market Expansion

There are several players in the market, hence, global pharmaceutical logistics market is a highly consolidated market. Companies like DHL Supply Chain | FedEx Corporation | United Parcel Service (UPS) | Kuehne + Nagel International AG | DB Schenker are among top-five companies that lead the market in terms of market share. Pharmaceutical logistics market research recognizes these companies, which have been making prospective investments in innovative solutions and extending their global footprint to cater to the growing demand for pharmaceutical logistics services.

DHL Supply Chain: DHL has always been a market leader in the field of pharmaceutical logistics, with temperature-controlled services for both transportation and storage. All in all, the company recently revealed huge investments in its cold collection infrastructure, which includes the growth of its world-focused network of coolness-managed warehouses. AI- Internet of things in DHL Dhl has started using AI to make its supply chain more efficient and visible.

FedEx Corporation: FedEx hati sedition of strengthening its pharmaceutical logistics capabilities through strategic acquisitions and partnerships. Ombiologists - a data-enabled global cold chain solution for every pharmaceutical shipment. This development aimed to increase FedEx's market share by meeting the rising demand for dependable cold chain logistics.

United Parcel Service: UPS has made a big push into healthcare logistics, specifically with a focus on building out its cold chain. Recently, the company announced their new healthcare facility that utilizes the latest in temperature control technology on a global scale. Additionally, UPS is investigating the implementation of blockchain technology to enhance traceability and security in pharmaceutical supply chains.

Kuehne + Nagel InternationalAGKuehne + Nagel is a market leader in pharmaceutical logistics, providing a breadth of tailored services to suit the requirements of the healthcare sector. The company has recently launched a digital platform powered by real-time data analytics to enhance supply chain operations. Can sustainable logistics solutions be driven for Kuehne + Nagel with environmental sustainability focus.

DB Schenker - DB Schenker has been strengthening its pharmaceutical logistics capabilities with significant investments in technology and infrastructure. The company was recently introduced on a new global network with temperature-controlled warehouses and upgraded monitoring systems to enable promise assurance of pharmaceutical products. DB Schenker also is investigating the use of autonomous vehicles and drones for last mile delivery in the pharmaceutical sector.

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Regional analysis: Leading markets fuelling growth

U.S: The U.S. pharmaceutical logistics market is one of the largest in the world, representing a major portion of global revenue. Rapid growth in US pharmaceutical sector, supportive government policies and rising investments in cold chain infrastructure drive the growth of US market. Strengthening of the domestic supply chain by the Biden administration is projected to further propel the market growth.

UK: The growth of the UK pharmaceutical logistics market is also being witnessed due to the growth of the country's healthcare sector and the demand for biologics and specialty drugs. Alsean is able to contribute to the growth of the market, given the UK's commitment to preserving a resilient supply chain following Brexit.

Other countries: Germany is one of the major European pharmaceutical logistics players, with a well-established pharmaceutical industry and logistics infrastructure. With a commitment to innovation and sustainability, the country is poised for further growth in this market.

France: The pharmaceutical logistics market in France is experiencing major developments due to a rise in the need for temperature-sensitive drugs and the government's initiatives toward the modernization of healthcare supply chain. The strategic location of the country makes it a hub when it comes to Great Pharmaceutical distribution within Europe.

Japan's pharmaceutical logistics market is expected to exhibit substantial growth owing to the increasing population of elderly people and the rise in chronic diseases. - Support for the pharmaceutical industry and investments in advanced logistics technologies from the Japanese government are the key contributors to the growth.

China: China is also becoming a key player in the global pharmaceutical logistics market, growing rapidly on the back of the growing domestic pharmaceutical industry and increasing investment in cold chain infrastructure. The Chinese authorities have emphasized the need for better availability of healthcare services as well as improved efficiency of supply chain, which are also factors affecting market growth.

The Future of Pharmaceutical Logistics Is Bright

In the following few years, the global pharmaceutical logistics market is expected to grow in both value and volume, as demand for new and reliable solutions in the supply chain space becomes ever-more important. Emerging technologies like AI, IoT, and blockchain are set to transform the industry by improving supply chain visibility, lowering costs, and ensuring end-product quality. "In particular, the cold chain logistics segment is poised for massive growth as the biopharma industry thrives and more drugs requiring sensitive-temperature storage are needed." With the ongoing evolution of the market, those enterprises that focus on innovation and sustainability will be in a prime place to seize opportunities from the increasing demand for pharmaceutical logistics services. Supported by favorable government policies and rising investments in infrastructure, the pharmaceutical logistics market has a bright future ahead, providing substantial growth opportunities for market players.

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