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Strong Growth Ahead: Pharmaceutical Logistics Market Size To Grow At Arecord 11.7% Cagr By 2029
Pharmaceutical Logistics
What Is the Projected Growth of the Pharmaceutical Logistics Market?
In recent times, the market size of pharmaceutical logistics has experienced swift expansion. Its growth is projected to surge from $125.6 billion in 2024 to a whopping $139.1 billion in 2025, marking a compound annual growth rate (CAGR) of 10.8%. Factors like strict industry regulations, the global expansion of pharmaceutical trade, the necessity for temperature-controlled logistics, the rise of e-commerce, and the overall progress of the healTH*Care industry contribute to the growth in the historical period.
The value of the pharmaceutical logistics industry is set to increase significantly in the coming years, with projections indicating a size of $216.57 billion by 2029, spurred by a compound annual growth rate (CAGR) of 11.7%. This anticipated growth over the forecast period can be chalked up to a variety of factors such as the development and expansion of markets in developing nations, strategies for risk mitigation, improvements in supply chain transparency, expansion of the healTH*Care sector, and progress in cold chain logistics. In addition, key trends expected during the forecast period include emphasis on safety and product quality, optimization of the global supply chain network, the adoption of green logistics, increased demand for real-time tracking, and the need for regulatory compliance.
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What Are the Different Pharmaceutical Logistics Market Segments?
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
Subsegments:
1) By Cold Chain Logistics: Refrigerated Transport, Temperature-Controlled Warehousing, Cold Chain Monitoring Systems, Packaging Solutions For Cold Chain
2) By Non-Cold Chain Logistics: Standard Transport Services, Ambient Warehousing, General Packaging Solutions, Supply Chain Management Services
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What Are the Primary Drivers Shaping the Pharmaceutical Logistics Market?
The growth of the pharmaceutical logistics market is anticipated to be propelled by the escalating demand for pharmaceutical products. These products include any human-use medicine available in its finished dosage form and regulated by pharmaceutical legislation. Logistics support these products in aspects such as procurement, storage, and resource transportation. For instance, an article from The National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine (NLM), stated in July 2024 that pharmaceutical expenditures in the US in 2023 witnessed an increase of $722.5 billion, a 13.6% growth compared to 2022. Consequently, this surge in demand for pharmaceutical products is significantly contributing to the expansion of the pharmaceutical logistics market.
Which Companies Are Leading in the Pharmaceutical Logistics Market?
Major companies operating in the pharmaceutical logistics market include 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
What Trends Are Expected to Dominate the Pharmaceutical Logistics Market in the Next 5 Years?
The pharmaceutical logistics market is seeing a rise in the trend of infrastructure enhancement. Manufacturers within this sector are concentrating on extending their capabilities to adequately meet healTH*Care sector demands. A practical demonstration of this occurred in May 2023, when UPS HealTH*Care, an American healTH*Care logistics company, inaugurated an 8,700 m2 establishment in West Singapore. The enhanced site is set to offer additional services including packaging, labeling, return logistics, and local customs brokerage. The facility, located strategically at Gul Circle providing easy access to PSA Terminals, the manufacturing cluster at Tuas Biomedical Park, and the soon-to-be seaport at Tuas, is well-prepared to handle present and future logistics demands from the rapidly growing healTH*Care scenario in the region. Importantly, it provides temperature-regulated storage amenities, accommodating healTH*Care commodities within a temperature range of -80 to 25 degrees Celsius.
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What Are the Top Revenue-Generating Geographies in the Pharmaceutical Logistics Market?
North America was the largest region in the pharmaceutical logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pharmaceutical Logistics Market?
2. What is the CAGR expected in the Pharmaceutical Logistics Market?
3. What Are the Key Innovations Transforming the Pharmaceutical Logistics Industry?
4. Which Region Is Leading the Pharmaceutical Logistics Market?
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