Global Pharmaceutical Logistics Market Report and Forecast 2024-2032

Global Pharmaceutical Logistics Market Outlook

The global pharmaceutical logistics market size was valued at USD 300.78 billion in 2023, driven by the increasing dependency on cutting-edge technologies to optimize the delivery process across the globe. The market size is anticipated to grow at a CAGR of 8.40% during the forecast period of 2024-2032 to achieve a value of USD 621.4 billion by 2032.

Pharmaceutical Logistics: Introduction

Pharma logistics is a complex system in which the management of pharmaceutical drugs and other elements is performed. This ever-evolving system included managing, moving, and storing drugs and pharmaceuticals. Pharmaceutical logistics is an essential part of the pharma growth supply chain. The pharma logistics system makes sure that medications are securely transported in a safe and timely manner while ensuring the highest product integrity. Handling, storage, and security protocols are stringently followed to ensure the medicine delivery is in the same condition as and when it leaves the warehouse.

Global Pharmaceutical Logistics Market Analysis

The market growth is driven by increasing trade in the pharmaceutical sector globally. The stringent regulatory requirements emphasizing safe and secure transportation, and the growing demand for temperature-sensitive pharmaceuticals are also contributing to the pharmaceutical logistics market share. Additionally, advancements in technology, such as track-and-trace systems and cold chain solutions, contribute to the robust growth of the market.

The increased integration of advanced technologies in the market can be exemplified by the increased dependency on innovative technologies to optimize supply chain operations. Pharmaceutic companies are increasingly embracing advanced technologies such as blockchain, artificial intelligence, machine learning, and the Internet of Things (IoT) to enhance transparency and traceability within their supply chains, ensuring the delivery of high-quality products. This digital transformation represents a significant paradigm shift in the pharmaceutical sector, emphasizing the importance of technological integration for efficiency and product integrity.

Recent developments in the market include GEODIS's acquisition of Trans-o-flex, a leading German network specializing in temperature-controlled pharmaceutical goods and premium express delivery. This strategic move positions GEODIS as a major player in the healthcare market, bolstering its delivery capabilities across Europe and further bolstering the global pharmaceutical logistics market growth. Similarly, CEVA Logistics finalized its acquisition of Stellar Value Chain, acquiring a 96% stake in the Mumbai-based warehousing and transportation specialists. This acquisition not only strengthens CEVA's presence in India but also enables the provision of comprehensive supply chain services to customers throughout the Asia Pacific region and beyond, boosting the strength of the market.

The increasing demand for third-party logistics (3PL) and warehouses reflects the evolving landscape of consumer behavior and logistics trends. As pharmaceutical companies continue to prioritize technological advancements and strategic acquisitions, the pharmaceutical logistics market demand is likely to witness further growth in the forecast period, with a focus on ensuring integrity.

Global Pharmaceutical Logistics Market Segmentations

Market Breakup by Type

• Cold Chain Logistics

• Non-cold Chain Logistics

Market Breakup by Components

• Storage

• Transportation

• Monitoring Components

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Pharmaceutical Logistics Market Overview

The market is poised to witness substantial growth in the coming years owing to the widespread adoption of advanced technologies within pharmaceutical logistics systems. This substantial market trajectory is further propelled by the escalating reliability and necessity of such logistics services, with key market players increasingly depending on these facilities to meet the growing demand. The market encompasses two primary types of services: cold-chain logistics and non-cold-chain logistics. The two categories serve different services to the diverse needs of the pharmaceutical sector, ensuring the secure transportation of both temperature-sensitive and regular pharmaceutical products.

Geographically, North America is significantly dominating the regional market, and this dominance is expected to grow in the forecast period, driven by the increased adaptation of technologically advanced systems to reinforce pharmaceutical logistics. The continuous evolution of logistics processes and the integration of innovative solutions contribute to the robust growth of the market in the region. With an increasing demand for efficient and reliable pharmaceutical logistics services globally, the market is expected to expand, supported by these advancements. The combination of technology, logistics, and pharmaceuticals emphasizes a market expansion, creating opportunities for stakeholders across the pharmaceutical logistics market.

Global Pharmaceutical Logistics Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Agility

• Air Canada

• CEVA Logistics

• DB Schenker

• Deutsche Post AG

• FedEx

• LifeConEx

• Marken

• United Parcel Service of America, Inc.

• VersaCold Logistics Services

• FulfillmentHubUSA 

• Prompt Brazil Logistics

• Kuehne+Nagel

• DHL International GmbH

• American Airlines Inc.

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Pharmaceutical Logistics Market Report Snapshots

Pharmaceutical Logistics Market Size

Pharmaceutical Logistics Market Analysis

Pharmaceutical Logistics Companies