The Global Pharmaceutical Logistics Market is forecasted to value over USD 149 billion by 2028 end and register a CAGR of 7.3% from the forecast period 2022-2028.
Logistics is used in the pharmaceutical industry to manage resources from the time they are acquired, stored, and moved. Logistics implementation in this industry enables the continuous supply of drugs, equipment, and devices from suppliers and distributors in various locations. Furthermore, pharmaceutical logistics primarily serves large pharmacy retail chains, medical product wholesalers, and clinics and hospitals directly. Furthermore, the pharmaceutical logistics chain differs from other types of logistics chains in terms of complexity, products, and cost. Since product accessibility and availability are critical for both governments and businesses. Furthermore, unlike pharmaceuticals, no other products pose a higher risk of sterilisation, instability, or contamination. Packaging and transportation from the factory to the consumer play an important role in pharmaceutical logistics, and the process must be well maintained and monitored. Furthermore, the products are GPS tracked while being transported, as well as remote temperature monitoring in accordance with good distribution practise (GDP) guidelines, ensuring safe transportation and delivery of the products. Some of the important drivers expected to drive demand for pharmaceutical logistics in the anticipated period include an increasing preference for biological pharmaceuticals in recent years, as well as an increasing number of enterprises opting to outsource. Manufacturers are increasingly shipping large volumes of pharmaceutical products over long distances. These pharmaceutical products are frequently delicate and expensive. Pharmaceutical logistics ensures that products are kept cold from the time they are manufactured until they are shipped, stored, handled, and delivered. The growing market for temperature-sensitive medications and biological medical products, as well as increased awareness among pharmaceutical and logistics firms, are broadening the scope for temperature-controlled pharmaceutical logistics and benefiting the pharmaceutical logistics market’s growth during the forecast period. There are some constraints and obstacles that will stymie market growth. Factors such as inefficient products and price rules that vary by location around the world. These factors may limit the growth of the pharmaceutical logistics market in the near future. The rising demand for household healthcare products, as well as the growing need for expedited support, are both driving market growth. Furthermore, the demand for pharmaceutical logistics is increasing as the need for pharmaceutical products to maintain their cold chain integrity grows, and the cost of distribution is being reduced by developing a single source distribution channel.
The astute research report on Pharmaceutical Logistics market provides intricate details for analyzing appropriate parameters and valuable insights. The report offers extensive information about this business to help bring forth the growth potential of the market across various segments and provides the clients with a comprehensive analysis of factors like market size, market growth trends, competitive landscape, product utilization, regional growth prospects, and application potential, etc. The data provided in the report has been gathered from a wide variety of sources by using primary and secondary research. This Pharmaceutical Logistics research report also provides crucial insights into consumer behaviour, brand positioning, pricing analysis, and key player strategies. The market overview included in the Pharmaceutical Logistics research report incorporates critical factors procured from industry analysts, prominent players as well as trade and industrial organizations.
The report on Pharmaceutical Logistics market offers up-to-date information on the factors impeding the market growth which shall provide vendors with crucial insights into understanding the market dynamics thereby aiding the clients to sketch out a better business strategy. These factors will help them identify market growth opportunities. Furthermore, FutureWise research analysts provide timely assistance to their customers in understanding eccentric market parameters more effectively thereby leading to better decision-making.
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The Pharmaceutical Logistics market research report is segmented – by type, by component, by application, and by region. It also consists of insights regarding the revenue value and sales volume during the forecasted timeframe of 2022 to 2028.
Pharmaceutical Logistics Market Segmentation:
By Type
Non-cold Chain Logistics
Cold Chain Logistics
By Component
Storage
Transportation
Monitoring Components
By Application
Bio Pharma
Chemical Pharma
Speciality Pharma
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Pharmaceutical Logistics Market Regional Analysis:
The report provides a complete evaluation of the potential amplification of the Pharmaceutical Logistics Market in pivotal geographic regions such as North America, Asia Pacific, Europe, Latin America and Middle East & Africa.
Competitive Landscape:
Some of the key market players are
Agility
Air Canada
CEVA Logistics
DB Schenker
Deutsche Post AG
FedEx
LifeConEx
Marken
United Parcel Service of America, Inc.
VersaCold Logistics Services
Kerry Logistics
Biotec Services International (PCI Group)
Continental Air Cargo
Nordic Logistics and Warehousing, LLC
TNT Express
Sofrigam SA
FutureWise Key Takeaways:
Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth
Objectives of the Study:
To provide an extensive analysis of the global Pharmaceutical Logistics market by type, by component, by application, and by region
To carter complex data and information on the characteristics influencing the market growth (drivers, restraints, opportunities, and industry-specific restraints)
To predict and assess micro-markets and the overall market
To anticipate the market size, in key geographical regions (along with countries)— North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
To estimate and inspect competitive landscape mapping- technological advancements, product launches, mergers and expansions
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