Pharmaceutical Logistics Market Size, Share, Growth and Forecast 2032

Pharmaceutical Logistics Market Insights

According to Zion Market Research, the global Pharmaceutical Logistics Market was worth USD 90.78 Billion in 2023. The market is forecast to reach USD 201.44 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.26% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Pharmaceutical Logistics Market industry over the next decade.

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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.

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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: Report Scope

Pharmaceutical Logistics Market: Regional Landscape

European Market To Register Notable Growth In Terms of Revenue By 2032

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.

Pharmaceutical Logistics Market: Competitive Landscape

Some of the leading players in the global market include

• 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.
• 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