Global Pharmaceutical Logistics Market Overview
Pharmaceutical Logistics Market accounted for USD 71.3 billion in 2019 and is estimated to be USD 144.6 billion by 2029 and is anticipated to register a CAGR of 7.4%.
Pharmaceutical logistics is a specialized branch of supply chain management in which logistics suppliers are focused on providing storage, transporting, proper handling and delivering the pharmaceutical products from the manufacturing location to the desired location. The pharmaceutical products include anti-bodies, vaccines, somatic cells and other biomolecules from sellers and dealers to different places. Pharmaceutical logistics need the services to be designated as per the guidelines of products provided by the authorities. The pharmaceutical industry mainly supplies to whole-sellers of medical products, large pharmacy retail chains, as well as directly to hospitals and clinics.
Impact of COVID-19 on the market
The burden on the healthcare ecosystem worldwide is increasing day-by-day due to the unavailability of a proper vaccine against COVID-19 crisis. Researchers and clinical scientists across the globe are investigating drugs to find a cure for COVID-19. There has been a surge in the demand for the pharmaceutical logistics services in wake of growing need to test, manufacture, and launch preventive & treatment medicines. This report will quantify the impact of this pandemic on the pharmaceutical logistics market.
Global Pharmaceutical Logistics Market Dynamics
Rising demand for Over the Counter (OTC) medicines such as Minerals, Supplements (VMS), and Vitamins, common cough and cold drugs, gastrointestinal drugs, and dermatology products is driving the growth of the target market globally. The increasing importance of fast track assistance in the healthcare sector is also motivating the pharmaceutical logistics market growth. Additionally, the lessening the distribution cost by forming a single source distribution channel is further fueling the demand for pharmaceutical logistics. Numerous companies are entering into mergers and acquisitions to strengthen their proprietary knowledge and geographical presence. Further, they are also focusing on decreasing the overall packaging costs of their products. The pharmaceutical and biotechnology supply chains are most prone to the risks associated with product adulteration during transport as well as non-compliance with federal standards, regulations, and guidelines. Therefore, the players are vigorously investing in state-of-the-art technologies such as remote monitoring and telematics to provide convenience and safety during transportation operations, which is, in turn, impelling the target market growth.
However, the need for coordinated and interlinked logistics services with complete secrecy in the supply chain of pharmaceuticals hamper the growth of the global market. In addition, inefficient products and fluctuation in pricing policies from place to place also limits the growth of the target market
Global Pharmaceutical Logistics Market Segmentation
The pharmaceutical logistics market is segmented based on the type, technology, application, and region.
On the basis of the type, the pharmaceutical logistics market is segmented into cold chain and non-cold chain. Based on the technology, the target market is segmented into logistics (sea freight, airfreight, rail freight, overland, and integrated) and procedures (picking, storage, retrieval systems, and handling systems. Based on the application, the target market is classified into chemical pharma, bio-pharma, and specialized pharma.
In the region, the pharmaceutical logistics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America led the target market with a maximum revenue share in 2019, due to the presence of a large number of major industry participants. Additionally, a growing number of mergers and acquisitions amongst pharma companies, such as AbbVie, Inc. and Bristol-Myers Squibb is likely to propel the regional market. Asia Pacific is expected to be the fastest-expanding region due to the rapid economic growth in emerging countries, such as India and China. High demand for medicines owing to the increasing geriatric population will also boost the market for pharmaceutical logistics in Asia Pacific. Furthermore, the pharmaceutical industry is experiencing a geographical shift in production and sales locations. The key players are witnessing profitable opportunities in the emerging economies in Asia and South America, which is in turn anticipated to support the global market growth in these regions.
Pharmaceutical Logistics Market Report Scope:
|
Attribute |
Details |
|
The base year for estimation |
2019 |
|
Forecast period |
2019 – 2029 |
|
Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
|
Market Segmentation |
By Type - Cold Chain and Non Cold Chain By Technology - Logistics (Sea Freight, Airfreight, Rail Freight, Overland, and Integrated) and Procedures (Picking, Storage, Retrieval Systems, and Handling Systems By Application - Chemical Pharma, Bio-Pharma, and Specialized Pharma |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the pharmaceutical logistics market report based on type, technology, application, and region.
Pharmaceutical Logistics Market, By Type:
- Cold Chain
- Non Cold Chain
Pharmaceutical Logistics Market, By Technology:
- Logistics
- Sea Freight
- Airfreight
- Rail Freight
- Overland
- Integrated
- Procedures
- Picking
- Storage
- Retrieval Systems
- Handling Systems
Pharmaceutical Logistics Market, By Application:
- Chemical Pharma
- Bio-Pharma
- Specialized Pharma
Pharmaceutical Logistics Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Pharmaceutical Logistics Market Key Players
The key players operating in the pharmaceutical logistics market include Agility, Air Canada, CEVA Logistics, Deutsche Post AG, DB Schenker, FedEx, Marken, LifeConEx, United Parcel Service of America, Inc., and VersaCold Logistics Services. Numerous key players, such as Adaptive Biotechnologies Corp., Amgen Inc., and CalciMedica Inc., are actively involved in the research and development of treatments for COVID-19. This research comprises the utilization of several medicinal compounds and drugs that need to be transported using a secure cold chain solution, which in turn is projected to propel the market for pharmaceutical logistics. Also, the companies, including Heat Biologics Inc., BioNTech SE, and Pfizer Inc., are concentrating on the development of the COVID-19 vaccine. The market is projected to register substantial growth once the vaccine is positively developed and deployed across the world.
Global Pharmaceutical Logistics Market Key Issues Addressed
- In February 2024, The rise of the pharmaceutical supply chain in India. Indian pharmaceutical industry is booming. It jumped from $40 billion in 2021 to an expected $130 billion in 2030, with projections hitting $450 billion by 2047. Beyond just keeping up with the demand at home, the Indian pharma industry commands over 20% of the global pharma supply chain and addresses approximately 60% of the worldwide demand for vaccines.
- In July 2023, New healthcare trends reshaping pharma supply chains – DHL. The DHL paper explores pharma supply chain transformation through the lens of key industry trends, including the development of patient-centric healthcare models. A paper from logistics giant DHL identifies trends, changes, and solutions in life sciences and healthcare supply chains. Rapid change in the life sciences and healthcare sector is reshaping pharma logistics, a study from DHL suggests.
- In July 2022, Bayer and Maersk: A 20-year-old partnership of innovation. Through its partnership with Maersk, Bayer received strong support on daily process execution delivered according to GDP rules, as well as optimised storage processes. Maersk’s expertise in pharma logistics helped in creating a flexible and holistic supply chain strategy for Bayer.
Global Pharmaceutical Logistics Market Company Profile
- Agility
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Air Canada
- CEVA Logistics
- Deutsche Post AG
- DB Schenker
- FedEx
- Marken
- LifeConEx
- United Parcel Service of America, Inc.
- VersaCold Logistics Services
“*” marked represents similar segmentation in other categories in the respective section.
Global Pharmaceutical Logistics Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Pharmaceutical Logistics Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Cold Chain
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Non Cold Chain
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Technology, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Logistics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Sea Freight
- Airfreight
- Rail Freight
- Overland
- Integrated
- Procedures
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Picking, Storage
- Retrieval Systems
- Handling Systems
- Overview
- Market Segmentation, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Chemical Pharma
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Bio-Pharma
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Specialized Pharma
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Agility
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Air Canada
- CEVA Logistics
- Deutsche Post AG
- DB Schenker
- FedEx
- Marken
- LifeConEx
- United Parcel Service of America, Inc.
- VersaCold Logistics Services.
- Agility
- The Last Word
- Future Impact
- About Us
- Contact
Global Pharmaceutical Logistics Market Highlights
FAQs
The pharmaceutical logistics market is segmented based on type, technology, application, and region.
The increasing importance of fast track assistance in the healthcare sector is projected to register a significant growth for the global pharmaceutical logistics market
North America led the target market with a maximum revenue share in 2019, due to the presence of a large number of major industry participants.
Numerous key players, such as Adaptive Biotechnologies Corp., Amgen Inc., and CalciMedica Inc., are actively involved in the research and development of treatments for COVID-19.