IMARC Group has recently released a new research study titled “Pharmaceutical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the pharmaceutical logistics market?

The global pharmaceutical logistics market size reached US$ 80.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 121 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

What is pharmaceutical logistics?

Pharmaceutical logistics refers to the specialized management and transportation of pharmaceutical products throughout the supply chain, ensuring their safe, efficient, and timely delivery from manufacturers to end-users, such as pharmacies, hospitals, clinics, and patients. It involves the coordination of various activities, including procurement, warehousing, inventory management, transportation, and distribution, while adhering to strict regulatory requirements and quality standards.

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Pharmaceutical logistics is crucial for maintaining the integrity and efficacy of pharmaceutical products, as many medications are temperature-sensitive and require specific storage conditions to preserve their potency. Proper temperature control, such as cold chain management, is a critical aspect of pharmaceutical logistics to prevent product degradation and ensure patient safety. Pharmaceutical logistics providers utilize specialized infrastructure, equipment, and technologies. This may include temperature-controlled storage facilities, cold chain packaging solutions, temperature monitoring systems, real-time tracking and tracing, and sophisticated data management systems.

Advanced logistics solutions, such as data analytics and automation, are also employed to optimize supply chain visibility, efficiency, and inventory management. Pharmaceutical logistics plays a critical role in ensuring the safe and efficient distribution of pharmaceutical products, supporting the healthcare industry in delivering medications to patients in a timely and reliable manner while maintaining the required quality standards and regulatory compliance.

What are the growth prospects and trends in the industry?

The rise in healthcare expenditure represents one of the significant factors driving the growth of the market across the globe. This is primarily attributed to the increasing population, aging demographics, and increased prevalence of chronic diseases, which are boosting the market growth.

The rising need for efficient pharmaceutical logistics to ensure the timely and safe delivery of medications and healthcare products is driving the demand for pharmaceutical logistics. In line with this, strict implementation of stringent regulations and quality standards to ensure the safety, efficacy, and integrity of pharmaceutical products are contributing to the growth of the market. The market is also driven by the rise in e-commerce and direct-to-patient models in the pharmaceutical industry.

The increasing online sales of pharmaceuticals and home delivery services are creating a need for efficient last-mile delivery and specialized handling of temperature-sensitive products, thus driving the demand for pharmaceutical logistics services. In addition to this, the rising access to healthcare in developing regions, advancements in medical technology, and the introduction of innovative therapies are expanding the pharmaceutical industry which is propelling the growth of the market. This is further resulting in higher volumes of pharmaceutical products being produced, transported, and distributed, requiring a robust and efficient logistics infrastructure.

Other factors, including advancements in logistics technologies, such as temperature monitoring systems, real-time tracking, data analytics, and automation, and globalization and outsourcing of pharmaceutical production are creating a positive outlook for the market across the globe.

What are the top pharmaceutical logistics companies in the world?

Some of the key companies in Pharmaceutical logistics market are like:

• H. Robinson Worldwide Inc.
• CEVA Logistics
• DB Schenker.
• Deutsche Post AG
• DSV A/S
• FedEx Corporation
• Kuehne + Nagel
• Nippon Express Co. Ltd.
• SF Express Co. Ltd.
• United Parcel Service

Key Market Segmentation:

The report has segmented the market into the following categories:

Type Insights: 

• Non Cold Chain
• Cold Chain 

Component Insights: 

• Storage
  • Warehouse
  • Refrigerated Container 
• Transportation
  • Sea Freight Logistics 
  • Airfreight Logistics
  • Overland Logistics
• Monitoring
  • Hardware
  • Software

Application Insights:

• Bio Pharma
• Chemical Pharma 
• Specialty Pharma

Breakup by Region:

• North America
• Asia Pacific
• Europe
•  
• Latin America
• Middle East and Africa

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Key Highlights of the Report:             

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Industry Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                                                      

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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