Global Pharmaceutical Logistics Market Growth 2024-2030
Pharmaceutical Logistics, valued at US$ 93.06 billion in 2023, are expected to reach US$ 155.13 billion by 2030, with a 7.6% CAGR driven by growing downstream demand.
According to Publisher’s latest study, the global Pharmaceutical Logistics market size was valued at US$ 93060 million in 2023. With the growing demand in the downstream market, Pharmaceutical Logistics is forecast to a readjusted size of US$ 155130 million by 2030 with a CAGR of 7.6% during the review period.
Market Overview
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The research report highlights the growth potential of the global Pharmaceutical Logistics market. Pharmaceutical Logistics are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimisation remain crucial for the widespread adoption of Pharmaceutical Logistics. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalise on the immense opportunities presented by the Pharmaceutical Logistics market.
Pharmaceutical Logistics is the logistics of pharmaceuticals, medical and surgical supplies, medical devices and equipment, and other products needed to support doctors, nurses, and other health and dental care providers. Because its final customers are responsible for the lives and health of their patients, medical logistics is unique in that it seeks to optimize effectiveness rather than efficiency. Medical logistics functions comprise an important part of the health care system: after staff costs, medical supplies are the single most expensive component of health care. To drive costs out of the healthcare sector, medical logistics providers are adopting supply chain management theories.
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Manmayi Raval
Research Consultant
The report on the Pharmaceutical Logistics market reflects various aspects and provides valuable insights into the industry.
Market Size and Growth: The research report provides an overview of the current size and growth of the Pharmaceutical Logistics market. It may include historical data, market segmentation by Type (e.g., Cold Chain Logistics, Non-cold Chain Logistics), and regional breakdowns.
Market Drivers: Growing Need for Logistics Managed by Temperature- Temperature-controlled logistics is becoming increasingly important in the pharmaceutical industry due to the strict requirements of biologics and vaccines. To maintain their effectiveness, accurate temperature control is essential along the whole supply chain. The need to maintain product integrity and prevent spoiling is driving the demand for dependable pharmaceutical cold chain logistics solutions, which is fuelling the market's rapid expansion.
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Put Patient-Centric Logistics First- The pharmaceutical sector places a high priority on patient-centred logistics, improving results through efficient supply chains. Experiences are maximized by direct-to-patient distribution and support programs, and real-time tracking guarantees visibility and contact at all times. These programs demonstrate a dedication to enhancing patient happiness and facilitating access to essential pharmaceuticals by implementing effective and transparent delivery procedures.
Challenges- Hazard of Product Damage or Spoilage- The pharmaceutical logistics sector is seriously threatened by the possibility of product spoiling or damage from improper handling during storage or transit. The integrity of pharmaceuticals may be jeopardized by lax adherence to appropriate handling protocols and packaging requirements, which could result in hazardous or inefficient goods and impede market expansion.
Concern over Product Sensitive to Temperature. Logistics are significantly hampered by the strict temperature control requirements for pharmaceutical supplies, especially in areas with extreme weather. It is challenging and expensive to maintain constant temperatures during the transit procedure. This restriction restrains market expansion as businesses strive to adhere to legal requirements and preserve product integrity, which hurts productivity and raises operating costs.
Technological Developments: The research report can delve into the latest technological developments in the Pharmaceutical Logistics industry. This includes advancements in Pharmaceutical Logistics technology, Pharmaceutical Logistics new entrants, Pharmaceutical Logistics new investment, and other innovations that are shaping the future of Pharmaceutical Logistics.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Pharmaceutical Logistics market. It includes factors influencing customers' purchasing decisions, and preferences for Pharmaceutical Logistics products.
Government Policies and Incentives: The research report analyses the impact of government policies and incentives on the Pharmaceutical Logistics market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting the Pharmaceutical Logistics market. The report also evaluates the effectiveness of these policies in driving market growth.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provides market forecasts and outlook for the Pharmaceutical Logistics industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: An increase in innovative pharmaceutical research and development. The need for flexible logistics is fuelled by the development of innovative medications, particularly biopharmaceuticals and customized treatments. Agile solutions are required to support product launches, clinical testing, and worldwide distribution. Fulfilling these prerequisites guarantees effective administration of the supply chain in the ever-changing pharmaceutical research and innovation landscape, which is generating profitable prospects for market expansion.
Growth of Online Shopping in the Medical Field. Pharma logistics companies have new opportunities because of the growth in healthcare e-commerce, which includes direct-to-patient distribution and online pharmacies. To effectively distribute pharmaceutical items to end users, meeting this demand calls for flexible last-mile delivery options and smooth integration with digital systems for expedited order processing and real-time tracking.
Recent developments- As a strategic step toward industry leadership, UPS Healthcare introduced a healthcare logistics service in Europe in October 2023. By introducing a new reverse logistics service, the opening of UPS Pickup Point locations in the UK, Germany, Italy, France, and Spain improves its offering, especially for clients using health laboratories.
Dentons recommended that GEODIS purchase trans-o-flex, a specialized supplier of temperature-controlled transportation for high-tech and medicinal goods, in March 2023. GEODIS hopes to improve its integrated freight network in Germany through this acquisition, strengthening its position in the logistics sector and enhancing its capacity to serve these vital industries.
Market Segmentation:
The pharmaceutical Logistics market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• Cold Chain Logistics
• Non-cold Chain Logistics
2. Segmentation by application
• Ground Transportation
• Shipping
• Air Transport
Regional Insights: Pharmaceutical logistics demand is predicted to rise at the fastest rate in the Asia-Pacific region due to rising geriatric populations, fast economic growth in developing superpowers like China and India, and rising prescription drug consumption. These elements stimulate infrastructure growth and innovation, effectively addressing the area's growing healthcare demands. America is the largest consumption place, with a consumption market share of nearly 37%. Following North America, Europe is the second largest consumption place with a consumption market share of 31%.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: Market competition is intense. Deutsche Post DHL, UPS, Kuehne + Nagel, FedEx, DB Group, DSV SF Express, etc. are the leaders of the industry, with about 15% market shares. The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Deutsche Post DHL
• UPS
• Kuehne + Nagel
• FedEx
• DB Group
• DSV
• SF Express
• Nippon Express
• Panalpina
• CH Robinson
• Kerry Logistics
• CEVA
• Yusen Logistics
• World Courier
• VersaCold
• Air Canada Cargo
• Agility
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Pharmaceutical Logistics Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Pharmaceutical Logistics by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Pharmaceutical Logistics by Country/Region, 2019, 2023 & 2030
2.2 Pharmaceutical Logistics Segment by Type
2.2.1 Cold Chain Logistics
2.2.2 Non-cold Chain Logistics
2.3 Pharmaceutical Logistics Sales by Type
2.3.1 Global Pharmaceutical Logistics Sales Market Share by Type (2019-2024)
2.3.2 Global Pharmaceutical Logistics Revenue and Market Share by Type (2019-2024)
2.3.3 Global Pharmaceutical Logistics Sale Price by Type (2019-2024)
2.4 Pharmaceutical Logistics Segment by Application
2.4.1 Ground Transportation
2.4.2 Shipping
2.4.3 Air Transport
2.5 Pharmaceutical Logistics Sales by Application
2.5.1 Global Pharmaceutical Logistics Sale Market Share by Application (2019-2024)
2.5.2 Global Pharmaceutical Logistics Revenue and Market Share by Application (2019-2024)
2.5.3 Global Pharmaceutical Logistics Sale Price by Application (2019-2024)
3 Global Pharmaceutical Logistics by Company
3.1 Global Pharmaceutical Logistics Breakdown Data by Company
3.1.1 Global Pharmaceutical Logistics Annual Sales by Company (2019-2024)
3.1.2 Global Pharmaceutical Logistics Sales Market Share by Company (2019-2024)
3.2 Global Pharmaceutical Logistics Annual Revenue by Company (2019-2024)
3.2.1 Global Pharmaceutical Logistics Revenue by Company (2019-2024)
3.2.2 Global Pharmaceutical Logistics Revenue Market Share by Company (2019-2024)
3.3 Global Pharmaceutical Logistics Sale Price by Company
3.4 Key Manufacturers Pharmaceutical Logistics Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Pharmaceutical Logistics Product Location Distribution
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