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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Pharmaceutical Logistics Market Report Snapshots
Pharmaceutical Logistics Market Size
Pharmaceutical Logistics Market Analysis
Pharmaceutical Logistics Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 300.78 billion in 2023, driven by the increased advancement.
The market is anticipated to grow at a CAGR of 8.40% during the forecast period of 2024-2032, likely to reach a market value of USD 621.4 billion by 2032.
The market growth is driven by factors such as the expanded adoption of advanced technologies within pharmaceutical logistics systems globally.
The increased integration of advanced technologies to optimize supply chain operations in pharmaceutical logistics is a major trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Two types of pharmaceutical logistics are cold chain logistics and non-cold chain logistics.
Components of pharmaceutical logistics include storage, transportation, and monitoring components.
Key players involved in the market are Agility, Air Canada, CEVA Logistics, DB Schenker, Deutsche Post AG, FedEx, LifeConEx, Marken, United Parcel Service of America, Inc., VersaCold Logistics Services, FulfillmentHubUSA, Kuehne+Nagel, DHL International GmbH, American Airlines Inc., and Prompt Brazil Logistics.
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