GLOBAL PHARMACEUTICAL LOGISTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global pharmaceutical logistics market has witnessed significant growth over the past due to rising demand for medicines globally. Pharmaceutical logistics involves efficient transportation and storage of temperature sensitive drugs, thereby ensuring their integrity and quality till they reach the end user. As modern drugs increasingly have shorter shelf lives and require careful handling, logistics plays a crucial role in maintaining the efficacy of pharmaceutical products. With international trade in medicines rising, cross border supply chain management has also become more complex necessitating advanced track and trace technologies and cold chain solutions. Investments in digitization of processes, multi-modal transportation, and infrastructure development are likely to further propel growth of the global pharmaceutical logistics market. Global pharmaceutical logistics market has been witnessing significant growth in the recent times. Pharmaceutical logistics involves transportation, warehousing, inventory, materials handling and other related activities undertaken to facilitate smooth movement of pharmaceutical products across the supply chain. Strict regulations around quality compliance, temperature control, security and timely delivery of medicines make pharmaceutical logistics a complex operation. Factors such as growing demand for generic drugs, rise of e-commerce channels in pharmaceutical distribution and enforcement of international trade policies by regulatory bodies are expected to propel the growth of global pharmaceutical logistics market in the near future.

Market Dynamics:

Global pharmaceutical logistics market is driven by various factors such as growing healthcare expenditure worldwide, an aging population requiring greater access to medicines, and increasing demand for specialty and biological drugs. However, high costs that are associated with establishing efficient cold chain networks and shortage of skilled workforce in developing regions pose challenges to market expansion. Rising popularity of e-pharmacy and home delivery of drugs during the pandemic has opened new opportunities for logistic players to expand their service offerings. Blockchains and internet-of-things (IoT) based solutions are gaining traction for enhancing visibility, and security,thereby ensuring compliance across international pharmaceutical supply chains.

Key features of the study:

• This report provides in-depth analysis of the global pharmaceutical logistics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global pharmaceutical logistics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Maersk, United Parcel Service of America, Inc., AWL India Private Limited, DHL Group, Kuehne+Nagel, DB Schenker, CEVA Logistics, SLB Performance, YUSEN LOGISTICS CO., LTD., NextPharma Logistics GmbH, Skandi, Movianto, Continental Carriers, Varuna Group, Sugamgroup, V-Xpress, Avvashya CCI Logistics Private Limited, Agility and Cencora, Inc.
•  These companies are involved in the research, development, manufacturing, and distribution of controlled substances
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global pharmaceutical logistics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pharmaceutical logistics market

Detailed Segmentation:

• By Service Type:
• • Transportation/Shipping
    • Sea Freight Logistics
    • Airfreight Logistics
    • Overland Logistics
  • Warehousing
• By Type:
• • Cold Chain Logistics
  • Non-cold Chain Logistics
• By Product Type:
• • Bio-Pharma
  • Pharma
  • Medical Devices
  • Lab Diagnostics
• By End User:
• • Pharma and Biotech Companies
  • CROs, CMOs, and CDMOs
  • Biobanks
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in Global Pharmaceutical Logistics Market
• • Maersk
  • United Parcel Service of America, Inc.
  • AWL India Private Limited
  • DHL Group
  • Kuehne+Nagel
  • DB Schenker
  • CEVA Logistics
  • SLB Performance
  • YUSEN LOGISTICS CO., LTD.
  • NextPharma Logistics GmbH
  • Skandi
  • Movianto
  • Continental Carriers
  • Varuna Group
  • Sugamgroup
  • V-Xpress
  • Avvashya CCI Logistics Private Limited
  • Agility
  • Cencora, Inc.