USD 77.97 billion
Global Pharmaceutical Logistics Market Size, Share, Growth Analysis, By Type(Cold chain logistics, non-cold chain logistics), By Component(Storage, transportation) - Industry Forecast 2023-2030
Report ID:
SQMIG20R2031 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
Global Pharmaceutical Logistics Market Insights
Pharmaceutical Logistics Market size was valued at USD 77.97 billion in 2021 and is poised to grow from USD 85.24 billion in 2022 to USD 170.17 billion by 2030, growing at a CAGR of 9.2% in the forecast period (2023-2030).
Pharmaceutical logistics is a specific branch of logistics services in which service providers are focused on providing storage, transporting, proper handling and delivering the pharmaceutical products from the manufacturing location to the desired location. Pharmaceutical logistics need the services to be selected as per the regulations of products provided by the authorities.
The rapid shift in the desire towards biological drugs is amongst the significant factors expected to fuel the growth of pharmaceutical logistics market. Increasing consumption of pharmaceutical products due to rising prevalence of chronic diseases and high growth in the target patient population are also anticipated to push the growth of the global pharmaceutical logistics market over the forecast period. Likewise, improved verification and safety of services as it prevent counterfeit drugs being distributed through the supply chain and high demand for specialized value-added services such as temperature-controlled and cold chain storage are also projected to push growth of the market.
Increasing usage of air freight logistics for long-distance and intercontinental distribution of valuable vaccines and medicines is also expected to propel growth of the pharmaceutical logistics market. Rising demand for over-the-counter medicines, rapid rise in the acceptance of fast track assistance in the healthcare sector, and various government initiatives are expected to offer significant growth opportunities for the pharmaceutical logistics market during the forecast period.
US Pharmaceutical Logistics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Storage
Fastest Growth
Storage
Growth Rate
9.2% CAGR
Global Pharmaceutical Logistics Market ($ Bn)
Country Share for Europe Region (%)
Global Pharmaceutical Logistics Market By Component ($ Bn)
Global Pharmaceutical Logistics Market By Component (%)
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Global Pharmaceutical Logistics Market Segmental Analysis
Global pharmaceutical logistics market is divided on the basis of type, component, and region. By type, the market is segmented into cold chain logistics, non-cold chain logistics. By component, the market is segmented into storage, transportation, monitoring components. By region, it is segmented into North America, Europe, Asia Pacific, South America, and MEA.
Pharmaceutical Logistics Market Analysis by Type
Global pharmaceutical logistics market was dominated by cold chain logistics, which had a revenue share of more than 28.0% in 2021 and is expected to grow at a significant CAGR from 2022 to 2028. The rise in demand for temperature-controlled products, such as the ongoing distribution of COVID-19 vaccines, necessitates precise temperature control logistics services to ensure the products' efficacy.
Furthermore, stringent government regulations requiring highly temperature-sensitive pharmaceutical products to be kept at precise temperatures are expected to drive segment growth during the forecast period. The increasing use of telematics in cold chain pharmaceutical logistics is assisting companies in improving the efficiency, connectivity, and safety of transport cargoes.
Most biological and medical products require a temperature-controlled environment during the manufacturing and distribution stages, which aids in the preservation of the medicines' effectiveness and quality. As a result, pharmaceutical companies use temperature-controlled transportation and cold storage systems. Because of the increasing demand for non-cold chain pharma medicines and other products, the non-cold chain segment is expected to have a significant share over the forecast period.
Pharmaceutical Logistics Market Analysis by Component
In 2021, the storage segment will have a market share of more than 64.0%. The rapidly increasing demand for generic and branded pharmaceutical products has created a significant need for storage facilities to preserve and procure the efficacy of these products after production, as well as their subsequent distribution through multiple channels to distributors and retailers.
The monitoring components segment is expected to witness the highest CAGR from 2022 to 2028, owing to the increasing need to ensure the efficiency, integrity, and safety of the cold chain products. Monitoring components are classified as either hardware or software. Over the forecast period, the transportation segment is expected to grow at a rapid pace.
Sea freight logistics, air freight logistics, and overland logistics are subsets of the transportation segment. Because sea freight logistics services can handle sensitive large molecule biologics and personalized medicines, increasing adoption of sea-based pharmaceutical logistics is driving the growth of the pharmaceutical logistics market.
Global Pharmaceutical Logistics Market By Component, 2021 (%)
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Global Pharmaceutical Logistics Market Regional Insights
Europe had a market share of more than 36.0% in 2021 and is expected to grow at a significant rate from 2022 to 2030. The significant growth in pharmaceutical product trades across key European countries is responsible for the high market share. These countries primarily include Germany, the United Kingdom, France, the Nordic countries, and others. Furthermore, growing domestic production and demand for several categories of pharma products, such as OTC medicines, has aided the market in gaining a sizable market share.
Attributed to rapid economic growth in emerging countries such as China and India, the Asia Pacific region is expected to be the fastest-growing region. The Asia Pacific pharmaceutical logistics market is expected to grow due to the high demand for OTC medicines among a large population. Furthermore, the pharmaceutical industry is experiencing a geographic shift in terms of production and sales locations. Market participants are discovering lucrative opportunities in developing economies in Asia Pacific, which is expected to boost market growth in the region.
Global Pharmaceutical Logistics Market By Region, 2023-2030
- Largest
- Fastest
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Global Pharmaceutical Logistics Market Dynamics
Pharmaceutical Logistics Market Drivers
- Need to maintain cold chain integrity for pharmaceutical products while lowering distribution costs by creating a single source distribution channel is driving up demand for pharmaceutical logistics.
- One of the primary drivers for market growth is the increase in pharmaceutical demand. Global life expectancy has risen significantly in recent years. Global pharmaceutical sales are expected to rise during the forecast period as average life expectancy rises. End-user industries are utilizing cold chain logistics to meet the pharmaceutical industry's increasing demand.
- Growing importance of fast track assistance and rising demand for household healthcare products are other factors driving the pharmaceutical logistics market growth.
Pharmaceutical Logistics Market Restraint
- The requirement of coordinated and interconnected logistics services with complete secrecy in the pharmaceutical supply chain is expected to limit the growth of the pharmaceutical logistics market, whereas inefficient products and fluctuation in pricing policies from place to place across the globe are expected to challenge the growth of the pharmaceutical logistics market.
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Global Pharmaceutical Logistics Market Competitive Landscape
Pharma companies constantly undertake strategic initiatives, such as mergers and acquisitions, to maintain their market position. FedEx, for example, acquired Manton Air-Sea Pty Ltd., a logistics service provider, in October 2018. FedEx's geographical footprint in the Asia Pacific region was strengthened as a result of the acquisition.
Furthermore, market participants are investing in technologies such as telematics, remote sensing and monitoring, and GPS and GIS integration in cargo transport, in order to provide customers with safe and convenient pharmaceutical logistics services.
Top Players in the Global Pharmaceutical Logistics Market
- Agility Logistics
- BDP International
- CEVA Logistics
- DHL Global Forwarding
- FedEx Corporation
- DB Schenker
- Kuehne + Nagel
- Penske Logistics
- Cardinal Health
- Marken
- UPS Healthcare
- Movianto
- Panalpina World Transport
- Rhenus Logistics
- World Courier
- XPO Logistics
- Hellmann Worldwide Logistics
- TNT Express
- Expeditors International
- Nippon Express
Pharmaceutical Logistics Market Recent Developments
- In May 2020, United Parcel Service of America, Inc. announced the launch of the new UPS Premier, which will expand the company's healthcare capabilities. UPS Premier aims to improve healthcare package service reliability and visibility by leveraging next-generation sensor technology and monitoring.
- In January 2019, FedEx announced the acquisition of Flying Cargo Group's International Express Business in Israel. The acquisition is intended to strengthen FedEx's portfolio and regional presence while also providing customers with access to the company's global network.
Global Pharmaceutical Logistics Key Market Trends
- In pharmaceutical logistics, products are GPS tracked as well as remotely monitored temperature in accordance with GDP guidelines, ensuring safe transportation and delivery of the products. Additional precautions are taken to ensure the safe delivery of narcotics and pharmaceutical products. Different delivery patterns are used for different types of pharmaceuticals. Stringent reimbursement, regulations, direct sell models, pricing applied by government agencies, third-party logistics, product diversity, shipment of R&D products for clinical studies, difficulty forecasting a product's lifecycle, and counterfeit products are all issues in pharmaceutical supply chains.
Global Pharmaceutical Logistics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, compared to other types of logistics, it stands out as being particularly unique because it must cater to the requirements of hospitals, clinics, pharmacies, and other health centers that take into account storage conditions and maintain temperature and humidity levels. Participants in the pharmaceutical logistics value chain include raw material and packaging suppliers, storage and logistics service providers (central warehouse, stockiest, semi-warehouse), hospitals and clinics, retailers and pharmacies, and end customers. The provision of this service is significantly improved by the contributions made by each of the stakeholders involved in the pharma logistics supply chain.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 77.97 billion |
| Market size value in 2030 | USD 170.17 billion |
| Growth Rate | 9.2% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Pharmaceutical Logistics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Pharmaceutical Logistics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Pharmaceutical Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Pharmaceutical Logistics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pharmaceutical Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Pharmaceutical Logistics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Pharmaceutical Logistics Market Report Snapshots
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