Global Pharmaceutical Logistics Market, By Type (Cold Chain Logistics, Non Cold Chain Logistics), Component (Storage, Transportation, Monitoring Components), Procedure (Picking, Storage, Retrieval Systems, Handling Systems), Application (Chemical Pharma, Bio-Pharma, Specialized Pharma) – Industry Trends and Forecast to 2030.
Pharmaceutical Logistics Market Analysis and Size
The market for pharmaceutical logistics is anticipated to grow in the future due to the increase in demand for pharmaceutical products. Any medication that is intended for human use is accessible in final dosage form and is subject to pharmaceutical law is referred to as a pharmaceutical product. Logistics aids in the management of resource acquisition, storage and transportation for pharmaceutical products. According to a report by the India Brand Equity Foundation, a government export promotion organization in India, the Indian pharmaceutical market rise annually to 17.7% in 2021 from 13.7% in July 2020. Consequently, the pharmaceutical logistics market is expanding due to an increase in pharmaceutical product demand.
Data Bridge Market Research analyses that the pharmaceutical logistics market which is USD 227.45 billion in 2022, is expected to reach USD 446.61 billion by 2030, at a CAGR of 8.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Pharmaceutical Logistics Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015 - 2020) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Type (Cold Chain Logistics, Non Cold Chain Logistics), Component (Storage, Transportation, Monitoring Components), Procedure (Picking, Storage, Retrieval Systems, Handling Systems), Application (Chemical Pharma, Bio-Pharma, Specialized Pharma) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered |
AmerisourceBergen Corporation (U.S.), CAVALIER LOGISITICS (U.S.), Continental Carbon Company (U.S.), DHL International GmbH (Germany), FedEx (U.S.), Kuehne+Nagel (Germany), Deutsche Post AG (Germany), LifeConEx (U.S.), American Airlines Inc. (U.S.) Air Charter Service (India), Agility Public Warehousing Company (U.S.), VersaCold Logistics Services (Canada), Delhivery Limited (India), YUSEN LOGISTICS CO., LTD. (India), V-Xpress (India), FulfillmentHubUSA (U.S.), Prompt Brazil Logistics (Brazil) |
Market Opportunities |
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Market Definition
The integration of information flow, material handling, production, packaging, inventory and chain management of prescription medications is referred to as pharmaceutical logistics. Cold chain logistics and non-cold chain logistics are the two basic subtypes of pharmaceutical logistics. The equipment and procedures zed for the secure transportation of temperature-sensitive items along the supply chain are referred to as "cold chain logistics." Many parts of pharmaceutical logistics include components for monitoring, storage and transportation.
Pharmaceutical Logistics Market Dynamics
Drivers
- Increase in the proprietary information
Many businesses engage in mergers and acquisitions to increase their global reach and access to proprietary information. They are also concentrating on bringing down the price of their products' overall packaging. The biotechnology and pharmaceutical supply chains are particularly vulnerable to the hazards of product adulteration during shipping and non-compliance with federal regulations, standards, and recommendations. The market is growing as a consequence of companies actively investing in cutting-edge technologies such as telematics and remote monitoring to provide safety and convenience during transportation operations. These are the certain factors which propel the growth of the market.
- Increasing demand for Over-the-Counter (OTC) medicines
The growth of the market is also attributed to the increasing demand for over-the-counter (OTC) medicines such as vitamins, minerals, and supplements (VMS), common cough and cold drugs, gastrointestinal drugs, and dermatology products. The rising importance of fast-track assistance in the healthcare sector is also driving the market for pharmaceutical logistics. Moreover, decreasing the distribution cost by creating a single source distribution channel further increases the demand for pharmaceutical logistics.
Opportunities
- Rising demand of hospitals and medical facilities
To meet the increased demand from all hospitals and medical facilities, national logistics of medications are also anticipated to grow along with international trade. Additionally, the emergency use of COVID-19 vaccinations has been authorized by the U.S. Food and Drug Administration (FDA) and other healthcare organizations in other nations, including India, China and the U.K. As a result, many nations, notably the United States and India, anticipate a rise in the global trade of vaccines. The market is anticipated to grow between 2023 and 2030 as a result of this increased cross-border trade in drugs and medications.
Restraints/Challenges
- High cost
As safe handling and shipment of pharmaceutical items are of the utmost significance, pharmaceutical logistics is a crucial component of the healthcare system. As a result, the machinery and labour services used in the pharmaceutical supply chain are quite expensive. Consolidation among pharmaceutical businesses to increase their global presence and business is the most recent trend that is gaining traction in the market.
This pharmaceutical logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pharmaceutical logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Pharmaceutical Logistics Market
Temperature-sensitive storage facilities are needed to keep vaccinations at the right temperature during logistics due to the ongoing COVID-19 pandemic. In turn, this is anticipated to support segment growth in the upcoming years. Temperature-sensitive proteins and nutritional supplements are in high demand, which is likely to increase demand for the storage segment during the forecast period due to factors such changing consumer lifestyles and dietary habits.
Recent Developments
- In 2022, UPS acquires healthcare logistics company Bomi Group to increase the size of its temperature-controlled facilities. With this purchase, the UPS Healthcare network in Europe and Latin America will have access to more than 3,000 highly skilled Bomi Group team members and 14 nations with temperature-controlled facilities.
- In 2022, MTC Logistics, a premier cold-chain service provider, was acquired by Lineage Logistics LLC, the world's largest and most innovative temperature-controlled industrial REIT and logistics services. These four key locations are on or very close to the ports of Baltimore, Maryland; Wilmington, Delaware; and Mobile, Alabama. The addition of these facilities would increase Lineage's present footprint, which already includes more than 400 carefully placed facilities with a total capacity of more than 2 billion cubic feet across 19 nations.
Global Pharmaceutical Logistics Market Scope
The pharmaceutical logistics market is segmented on the basis of product, type, component, procedure and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Generic Drugs
- Branded Drugs
Type
- Cold Chain Logistics
- Non Cold Chain Logistics
Component
- Storage
- Warehouse
- Refrigerated container
- Transportation
- Sea Freight Logistics
- Air Freight Logistics
- Overland Logistics
- Integrated Logistics
- Monitoring Components
- Hardware
- Sensors
- RFID Devices
- Telematics
- Networking Devices
- Software
Procedure
- Picking
- Storage
- Retrieval Systems
- Handling Systems
Application
- Chemical Pharma
- Bio-Pharma
- Specialized Pharma
Pharmaceutical Logistics Market Regional Analysis/Insights
The pharmaceutical logistics market is analyzed and market size insights and trends are provided by country, product, type, component, procedure and application as referenced above.
The countries covered in the pharmaceutical logistics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the pharmaceutical logistics market due to the significant participation of numerous important industry participants.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the booming senior population, accelerating economic growth in emerging nations like China and India, and rising demand for medications.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The pharmaceutical logistics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pharmaceutical logistics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pharmaceutical logistics market. The data is available for historic period 2011-2021.
Competitive Landscape and Pharmaceutical Logistics Market Share Analysis
The pharmaceutical logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pharmaceutical logistics market.
Some of the major players operating in the pharmaceutical logistics market are:
- AmerisourceBergen Corporation (U.S.)
- CAVALIER LOGISITICS (U.S.)
- Continental Carbon Company (U.S.)
- DHL International GmbH (Germany)
- FedEx (U.S.)
- Kuehne+Nagel (Germany)
- Deutsche Post AG (Germany)
- LifeConEx (U.S.)
- American Airlines Inc. (U.S.)
- Air Charter Service (India)
- Agility Public Warehousing Company (U.S.)
- VersaCold Logistics Services (Canada)
- Delhivery Limited (India)
- YUSEN LOGISTICS CO., LTD. (India)
- V-Xpress (India)
- FulfillmentHubUSA (U.S.)
- Prompt Brazil Logistics (Brazil)
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