Pharmaceutical Logistics Market

Market Overview:

The global pharmaceutical logistics market size reached US$ 80.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 121 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028. The rising need for efficient and reliable logistics networks, the development of medical facilities across rural and geographically extended locations and significant growth in the pharmaceutical industry represent some of the key factors driving the market.

Pharmaceutical logistics refers to the specialized transportation, storage, and distribution of pharmaceutical products throughout the supply chain. It involves managing the movement of pharmaceuticals from manufacturers to distributors, wholesalers, healthcare facilities, pharmacies, and ultimately to the end consumer. It ensures product integrity and maintains the required storage conditions. It is widely adopted for storing and transporting vaccines, biologics, and certain medications, which require specific temperature controls to preserve their efficacy and safety. Additionally, it also involves efficient inventory management and order fulfillment processes. It ensures timely and accurate delivery of pharmaceutical products in order to meet the demands of healthcare providers and ensure that patients have access to their medications when needed. It is integrated with advanced tracking and tracing systems to monitor shipments, maintain stock levels, and manage expiration dates to prevent product waste and stockouts. Due to the unique characteristics of pharmaceutical products, such as temperature sensitivity, regulatory compliance, and product integrity, there has been a considerable increase in the adoption of pharmaceutical logistics for careful planning and adherence to strict quality standards.

Pharmaceutical Logistics Market Trends:

The global market is majorly driven by significant growth in the pharmaceutical industry. Coupled with the rapid globalization that enables leading manufacturers and suppliers to operate on a global scale, this has led to the rising need for efficient and reliable logistics networks to transport pharmaceutical products across borders. Additionally, the growing demand for specialty medications on account of the increasing prevalence of chronic diseases is creating a positive market for pharmaceutical logistics as these medications often require specialized storage, handling, and transportation conditions. Moreover, with the development of stringent regulatory requirements, there has been a considerable increase in the demand for efficient pharmaceutical logistics to ensure patient safety and product integrity. Various pharmaceutical products, such as vaccines, biologics, and certain medications, require specific temperature controls to maintain their efficacy. The expanding demand for temperature-sensitive products, coupled with the need to maintain the integrity of the cold chain, has driven the growth of pharmaceutical logistics across the globe. Other factors, including the development of medical facilities across rural and geographically extended locations, continuous developments in the healthcare sector and extensive research and developments (R&D) activities conducted by key players, are also positively influencing the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global pharmaceutical logistics market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, component and application.

Type Insights: 

• Non Cold Chain
• Cold Chain
   

The report has provided a detailed breakup and analysis of the pharmaceutical logistics market based on the type. This includes non cold chain and cold chain. According to the report, non cold chain represented the largest segment.

Component Insights: 

• Storage
  • Warehouse
  • Refrigerated Container 
• Transportation
  • Sea Freight Logistics 
  • Airfreight Logistics
  • Overland Logistics
• Monitoring
  • Hardware
  • Software
     

A detailed breakup and analysis of the pharmaceutical logistics market based on the component has also been provided in the report. This includes storage (warehouse and refrigerated container), transportation (sea freight logistics, airfreight logistics, and overland logistic) and monitoring (hardware and software). According to the report, storage accounted for the largest market share.

Application Insights:

• Bio Pharma
• Chemical Pharma 
• Specialty Pharma
   

The report has provided a detailed breakup and analysis of the pharmaceutical logistics market based on the application. This includes bio pharma, chemical pharma and specialty pharma. According to the report, chemical pharma exhibited a clear dominance in the market.

Regional Insights: 

• North America 
  • United States 
  • Canada 
• Europe 
  • Germany 
  • France 
  • United Kingdom 
  • Italy 
  • Spain
  • Others 
• Asia Pacific 
  • China 
  • Japan 
  • India 
  • South Korea 
  • Australia 
  • Indonesia 
  • Others
• Latin America 
  • Brazil 
  • Mexico 
  • Others 
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for pharmaceutical logistics. Some of the factors driving the Europe pharmaceutical logistics market included the continuous developments in the healthcare infrastructure, the advent of modern technologies, rapid urbanization, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global pharmaceutical logistics market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include C.H. Robinson Worldwide Inc., CEVA Logistics, DB Schenker., Deutsche Post AG, DSV A/S, FedEx Corporation, Kuehne + Nagel, Nippon Express Co. Ltd., SF Express Co. Ltd., United Parcel Service, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Report Coverage:

Key Questions Answered in This Report:

• How has the global pharmaceutical logistics market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global pharmaceutical logistics market?
• What is the impact of each driver, restraint, and opportunity on the global pharmaceutical logistics market?
• What are the key regional markets?
• Which countries represent the most attractive pharmaceutical logistics market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the pharmaceutical logistics market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the pharmaceutical logistics market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the pharmaceutical logistics market?
• What is the competitive structure of the global pharmaceutical logistics market?
• Who are the key players/companies in the global pharmaceutical logistics market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the pharmaceutical logistics market from 2017-2028.  
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global pharmaceutical logistics market.  
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region. 
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the pharmaceutical logistics industry and its attractiveness. 
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.