Pharmaceutical Logistics Market Size, Share, Growth Report 2030

Pharmaceutical Logistics Market: Industry Perspective

The Global Pharmaceutical Logistics Market accrued earnings worth approximately 72.2 (USD Billion) in 2019 and is predicted to gain revenue of about 125.67(USD Billion) by 2026, is set to record a CAGR of nearly 8.9% over the period from 2020 to 2026. The report offers an assessment and analysis of the Pharmaceutical Logistics market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Report Scope :

Pharmaceutical Logistics Market: Overview

Pharmaceutical logistics involves planning & execution of pharmaceutical supply chain operations. These functions comprise activities such as warehousing, transport, and inventory management. In addition to this, pharma logistics are highly sensitive to changing temperatures and hence are required to be stored at the proper temperature. To focus on core business, firms also outsource pharma logistics operations to third parties. The need for improving service quality as well as customer satisfaction in the pharma logistics business has resulted in the launching of the Kano model & importance-satisfaction model.

Pharmaceutical Logistics Market: Growth Drivers

Escalating demand for over-the-counter medicines like vitamins, supplements, and minerals will open new vistas of growth for the pharmaceutical logistics industry over the upcoming years. The need for fast-track support for healthcare activities will change the phase of market growth in the years ahead. The necessity of decreasing distribution costs through the creation of a single source distribution channel will enhance the pharmaceutical logistics industry's growth over the forecast period. In addition to this, rapid inclination toward drugs along with a surge in sales of pharmaceuticals will drive pharmaceutical logistics market trends.

Moreover, an increase in the popularity of air freight logistics for intercontinental vaccine & medicine distribution will promulgate business growth over the forecast timeline. The rise in the occurrence of chronic ailments and a surge in the target patient population base will embellish market trends.

Pharmaceutical Logistics Market: Regional Landscape

European Market To Register Notable Growth In Terms of Revenue By 2026

The growth of the pharmaceutical logistics industry in Europe over the forecast period can be credited to the rise in trading activities concerning pharma products in European countries such as Norway, Germany, France, and the UK. Apparently, escalating popularity of drugs including OTC medicines will prompt a regional industry surge over the assessment period.  The presence of key players in Europe is anticipated to steer regional market trends.

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Pharmaceutical Logistics Market: Competitive Landscape

Key participants profiled in the study are CEVA Logistics, AmerisourceBergen Corporation, Agility, C.H. Robinson Worldwide, Inc., Air Canada, FedEx, United Parcel Service of America, Inc., PCI Pharma Services, Stellar Value Chain Solutions Pvt. Ltd., Continental Cargo OÜ, VersaCold Logistics Services, YUSEN LOGISTICS CO, LTD., KERRY LOGISTICS NETWORK LIMITED, LifeConEx, AGRO Merchants Group, Kuehne+Nagel, DSV, SF Express, Panalpina World Transport (Holding) Ltd., and MARKEN.

The global Pharmaceutical Logistics Market is segmented as follows:

By Type

• Cold Chain Logistics
• Non-Cold Chain Logistics

By Component

• Storage
• Transportation

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa