Market Size in 2019 | Market Forecast in 2026 | CAGR (in %) | Base Year |
---|---|---|---|
USD 72.2 Billion | USD 125.67 Billion | 8.9%% | 2019 |
The Global Pharmaceutical Logistics Market Size 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.
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.
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.
Report Attributes | Report Details |
---|---|
Report Name | Pharmaceutical Logistics Market Research Report |
Market Size in 2019 | USD 72.2 Billion |
Market Forecast in 2026 | USD 125.67 Billion |
Growth Rate | CAGR of 8.9% |
Number of Pages | 120 |
Key Companies Covered | 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. |
Segments Covered | By Type, By Component, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2019 |
Historical Year | 2017 to 2019 |
Forecast Year | 2020 - 2026 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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.
Some of the leading players in the global market include
The global Pharmaceutical Logistics Market is segmented as follows:
FrequentlyAsked Questions
Escalating demand for over the counter medicines like vitamins, supplements, and minerals will open new vistas of growth for pharmaceutical logistics industry over the upcoming years. Need for fast track support for healthcare activities will change phase of market growth in the years ahead. Necessity of decreasing distribution costs through creation of single source distribution channel will enhance pharmaceutical logistics industry growth over forecast period. In addition to this, rapid inclination towards drugs along with surge in sales of pharmaceuticals will drive pharmaceutical logistics market trends. Moreover, increase in popularity of air freight logistics for intercontinental vaccine & medicine distribution will promulgate business growth over the forecast timeline.
According to Zion market research report, 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.
Europe will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is subject to rise in the 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 regional industry surge over the assessment period. Presence of key players in Europe is anticipated to steer regional market trends.
The key market participants 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., and MARKEN.
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