Pharmaceutical Logistics Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report 2022-2029
Pharmaceutical Logistics Market Report, By Type (Cold Chain Logistics and Non-cold Chain Logistics), By Component (Storage, Transportation, and Monitoring Components), and By Region
Pharmaceutical Logistics Market was valued at USD 69.3 billion in 2021 and is forecast to touch USD 111.3 billion in 2029, and the market is expected to grow at a CAGR of 6.1% from 2022-2029
To have an edge over the competition by knowing the market dynamics and current trends of “Pharmaceutical Logistics Market”, request for Sample Report here
Market Dynamic
Key Drivers and Emerging Trends
Rise in the growth of the healthcare industry; growing availability of home healthcare facilities; rise in the expenditure for the production and development of medicines, vaccines, biopharmaceutical products; and rising importance of fast-track assistance in the healthcare sector are expected to drive the pharmaceutical logistics market growth. In addition, the outbreak of COVID 19 pandemic globally coupled with the rising concerns of government towards providing better healthcare facilities and ample medicinal supply for the patients; the increasing demand for Over-The-Counter (OTC) medicines including common cough and cold drugs, vitamins, minerals, and supplements (VMS), gastrointestinal drugs, and dermatology products is further anticipated to propel the demand of pharmaceutical logistics services.
Moreover, the growing adoption of telematics in pharmaceutical logistics, remote monitoring for the safety and convenience transportation operations, reverse logistics and advanced tracking and tracing technologies, pharmaceutical logistics management software among others is expected to provide huge growth opportunities to the market growth. Furthermore, according to the World Bank, the healthcare expenditure is around 9.8% of the world GDP in 2018, which is projected to support the growth of the pharmaceutical logistics market size over the forecast period.
Restraint in the Pharmaceutical Logistics Market
However, high operational cost of pharmaceutical logistics is one of the major factors expected to hamper the market growth. Moreover, strict government regulations regarding hygiene maintenance, security, and temperature of the medical products is further restraining the market growth.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Type – Segment Analysis
Based on the type, the cold chain logistics is expected to grow at a significant rate over the forecast period owing to the increasing demand for temperature-controlled shipping of sensitive pharmaceutical products including vaccines, tissue samples, and live cultures among others, for maintaining the effectiveness and quality of the products. Moreover, the rising distribution of COVID-19 vaccines, requiring accurate temperature control logistics services to maintain the efficacy of medicines is further propelling the growth of the market in the coming years.
Component – Segment Analysis
Based on the component, the monitoring components including hardware and software segment is projected to witness a significant growth during the forecast period. This can be attributed to the growing adoption of advance technologies and software including SaaS platform, logistics management software, ERP software, telematics, and others to ensure the efficiency, integrity, and safety of the pharmaceutical products.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Based on region, North America is expected to account for a prominent share in the market primarily due to the high consumer spending on healthcare, and inclination of the government towards the improvement of healthcare services and increasing demand for COVID 19 vaccines among consumers. According to the U.S. Centres for Medicare & Medicaid Services (CMS), U.S. health care spending grew 4.6% in 2019, reaching $3.8 trillion and the health spending accounted for 17.7% of the nation’s Gross Domestic Product. Moreover, as per the International Trade Administration (ITA), the United States accounts for around a third of the global market for biopharmaceuticals. These factors are further expected to support the market growth of pharmaceutical logistics in the region.
Top Market Players
Several leading pharmaceutical logistics companies operating in the market, include, Agility, Air Canada, CMA CGM Group, Deutsche Bahn AG, Deutsche Post AG, FedEx Corporation, LifeConEx, Marken, VersaCold Logistics Services, and United Parcel Service of America, Inc. among others.
Key Developments:
-
- In 2020, United Parcel Service of America, Inc. launched UPS Premier as a part of the expansion of the company’s healthcare capabilities for priority-handling needs of healthcare shipments. The UPS Premier Service leverages UPS’s Smart Global Logistics Network package tracking capabilities, combined with next-generation, sensor technology, to enable priority flow paths, sortation, contingency actions and delivery services for critical healthcare shipments.
Segments covered in the Report:
The global pharmaceutical logistics market has been segmented on the basis of solution, industry vertical, deployment, and key regions. Based on type, the market is segmented into cold chain logistics and non-cold chain logistics. Based on component, the market is segmented into storage, transportation, and monitoring components.
For detailed scope of the “Pharmaceutical Logistics Market” report request a Sample Copy of the report
Key questions answered in this research report:
-
- At what pace is global Pharmaceutical Logistics Market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Pharmaceutical Logistics Market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Pharmaceutical Logistics Market?
- Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
- What are the components of global Pharmaceutical Logistics Market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Revenues (2021) |
USD 69.3 billion |
Market Base Year |
2021 |
Market Forecast Period |
2022-2029 |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Component, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Agility, Air Canada, CMA CGM Group, Deutsche Bahn AG, Deutsche Post AG, FedEx Corporation, LifeConEx, Marken, VersaCold Logistics Services, and United Parcel Service of America, Inc. among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Pharmaceutical Logistics Market by Type
-
- Cold Chain Logistics
- Non-Cold Chain Logistics
Global Pharmaceutical Logistics Market by Industry Vertical
-
- Storage
- Warehouse
- Refrigerated Container
- Transportation
- Sea freight Logistics
- Airfreight Logistics
- Overland Logistics
- Monitoring components
- Hardware
- Software
Global Pharmaceutical Logistics Market by Region
-
- North America Pharmaceutical Logistics Market (Option 1: As a part of the free 25% customization)
- By Type
- By Component
- US Market All-Up
- Canada Market All-Up
- Europe Pharmaceutical Logistics Market (Option 2: As a part of the free 25% customization)
- By Type
- By Component
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Pharmaceutical Logistics Market (Option 3: As a part of the free 25% customization)
- By Type
- By Component
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Pharmaceutical Logistics Market (Option 4: As a part of the free 25% customization)
- By Type
- By Component
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Pharmaceutical Logistics Market (Option 1: As a part of the free 25% customization)
Major Players Operating in the Pharmaceutical Logistics Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Agility
- Air Canada
- CMA CGM Group
- Deutsche Bahn AG
- Deutsche Post AG
- FedEx Corporation
- LifeConEx
- Marken
- VersaCold Logistics Services
- United Parcel Service of America, Inc.
Frequently Asked Question About This Report
Pharmaceutical Logistics Market [UP2214-001001]
Rise in the growth of the healthcare industry, rise in the expenditure for the production and development of medicines, vaccines, biopharmaceutical products; and rising importance of fast-track assistance in the healthcare sector are expected to drive the pharmaceutical logistics market growth.
The cold chain logistics is expected to grow at a significant rate over the forecast period owing to the increasing demand for temperature-controlled shipping of sensitive pharmaceutical products including vaccines, tissue samples, and live cultures among others, for maintaining the effectiveness and quality of the products.
- Published Date: Aug - 2021
- Report Format: Excel/PPT
- Report Code: UP2214-001001
Licensing Options
Single-User License:
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Pharmaceutical Logistics Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report 2022-2029
$ 4,499.00 – $ 6,649.00