IMARC Group has recently released a new research study titled “Pharmaceutical Logistics Market by Type (Non Cold Chain, Cold Chain), Component (Storage, Transportation, Monitoring), Application (Bio Pharma, Chemical Pharma, Specialty Pharma), and Region 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the pharmaceutical logistics market?
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.
What is pharmaceutical logistics?
Pharmaceutical logistics is a specialized branch of logistics that focuses on the planning, implementing, and controlling of the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in the pharmaceutical industry. This domain is characterized by strict regulatory compliance, and stringent requirements for the handling, storage, and transportation of pharmaceutical products.
Features of pharmaceutical logistics include maintaining the cold chain to ensure product efficacy, the use of specialized packaging to protect against environmental variables, and the implementation of advanced track-and-trace systems to ensure the integrity and security of the drug supply chain. The sector also emphasizes risk management to mitigate the impact of supply chain disruptions and the potential for counterfeit products. The efficient orchestration of these elements is critical to safeguard public health by ensuring that medicines are delivered safely and securely to their intended destinations.
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Pharmaceutical Logistics Market Trends, Growth Drivers and Demand:
The burgeoning healthcare sector in developing economies is driving the pharmaceutical logistics market. The customization capabilities of logistics services, coupled with the technological advancements in tracking and temperature control, are significant factors stimulating market expansion.
Moreover, cutting-edge innovations in logistics software are transforming the pharmaceutical supply chain, facilitating more precise and efficient tracking of medications, thus catering to an increasingly demanding regulatory landscape. Besides this, a shift towards eco-friendly operations is prompting the adoption of green logistics solutions, which are creating a positive market outlook.
Additionally, the extensive use of pharmaceutical logistics in the healthcare, retail, and research sectors, combined with the essential requirement for both functional efficiency and product integrity, is propelling market growth. Manufacturers and logistics providers are investing in research and development to further enhance the safety, efficiency, and environmental sustainability of pharmaceutical logistics, reinforcing the market expansion worldwide.
What are the top pharmaceutical logistics companies in the world?
Some of the key companies in Pharmaceutical logistics market are like:
- 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
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Key Market Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Non Cold Chain
- Cold Chain
Component Insights:
- Storage
- Warehouse
- Refrigerated Container
- Transportation
- Sea Freight Logistics
- Airfreight Logistics
- Overland Logistics
- Monitoring
- Hardware
- Software
Application Insights:
- Bio Pharma
- Chemical Pharma
- Specialty Pharma
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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