The Global Pharmaceutical Logistics Market Size accounted for USD 81.2 Billion in 2021 and is projected to achieve a market size of USD 173.6 Billion by 2030 rising at a CAGR of 8.8% from 2022 to 2030. Growth in pharmaceutical sector coupled with the transformation in logistics industry fuels the global pharmaceutical logistics market growth. The increasing adoption of advanced technologies in healthcare logistics is a popular trend in pharmaceutical logistics market that is strengthening the industry growth in the coming years.
Pharmaceutical Logistics Market Report Statistics
Pharmaceutical logistics involves transporting pharmaceutical products by road, sea & air, and distributing the right quantity of products to right customer and end users at right time with right quality. It requires specific equipment, storage facilities, harmonized handling procedures, strong cooperation among the cold chain operators.
Logistics has a vital role in handling and transportation of pharmaceutical products that meets the requirements of manufacturers, importers and distributors. Some basic components that are used for safe pharmaceutical transportation are proper hygiene packing, security/safety, temperature, storage and recordkeeping.
Global Pharmaceutical Logistics Market Dynamics
Pharmaceutical Logistics Market Report Coverage
|Market||Pharmaceutical Logistics Market|
|Pharmaceutical Logistics Market Size 2021||USD 81.2 Billion|
|Pharmaceutical Logistics Market Forecast 2030||USD 173.6 Billion|
|Pharmaceutical Logistics Market CAGR During 2022 - 2030||8.8%|
|Pharmaceutical Logistics Market Analysis Period||2018 - 2030|
|Pharmaceutical Logistics Market Base Year||2021|
|Pharmaceutical Logistics Market Forecast Data||2022 - 2030|
|Segments Covered||By Type, By Component, By Application, By Procedure, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||XPO Logistics, Agility, UPS Supply chain logistics, DHL supply chain, JB hunt transport services, Ryder Supply chain solutions, Expeditors international Washington, C.H Robinson Worldwide, Penske Logistics, NFI Logistics, Kuehne + Nagel Americas, Nippon Express, Americold, FedEx supply chain, GEODIS North America (OHL), Lineage Logistics, Kenco Logistic Services LLC.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Covid-19 Impact on Pharmaceutical Logistics Industry
Rise in consumption of medicine and usage of medical devices is triggering factor in increase of sales due to pandemic. Rapid discovery and development of vaccines (Covaxin/Covishiled/Sputnik V/Sinovac) for covid19 and distributing it to entire world would require logistic services in order make availability of vaccine across the globe.
Rapid approval of many emergency drugs to treat patients may lead to import of many pharmaceutical products without any registration. Countries like CIS regions Government has lifted ban on import of crucial drugs to control the emergency pandemic situation.
The growth of the market for pharmaceutical logistics is also attributed to the increasing demand for sanitizers, PPE kits, surgical masks, and Over-The-Counter (OTC) medicines such as Vitamins, Minerals, and Supplements, common cough & cold drugs and other immunity boosting products.
Pharmaceutical Logistics Market Insights
The rapid shift in the inclination towards pharmaceutical products is amongst the significant factor expected to fuel the growth and demand of pharmaceutical logistics market. The increase in sales and consumption of pharmaceutical products which has been caused by high prevalence of chronic diseases like diabetes, cardiovascular diseases & genetic problems and high growth in the target patient population are factors also anticipated to push the growth in the global pharmaceutical logistics market.
Expansion in pharmaceutical digital businesses, upgrading to developments in E-commerce, Evolving technology transportation changes according to pharmaceutical products and medical equipment requirements would have a positive impact on pharmaceutical logistics.
Frequent Fluctuations in sea and air freight rates, warehouse charges, less container requirements for few customers depends on goods and customized transportation requirements for special pharmaceutical products is the main restraining factor.
In ability to adopt evolving technology in transportation, Stringent Government Trade and regulation policies in Import & Export and rules from drug controller departments may lead to restraints.
Pharmaceutical Logistics Market Segmentation
The worldwide pharmaceutical logistics market is split based on type, component, application, procedure, and geography.
Pharmaceutical Logistics Market By Type
According to our pharmaceutical logistics industry analysis, cold chain logistic service is most used one and has the major revenue share due to additional protection, fragile protection, protection from sunlight, and temperature control system depends on regions. The increasing use of telematics in cold chain pharmaceutical logistics is assisting companies in improving the efficiency, connectivity, and safety of transport cargoes.
Pharmaceutical Logistics Market By Component
Among components, transportation occupies the major revenue share. 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 practice (GDP) guidelines, making sure safe transportation and delivery of the products.
Pharmaceutical Logistics Market By Application
As per our pharmaceutical logistics market forecast, the chemical application dominated the market with majority of the share in 2021. In addition, the segment is expected to continue its dominance during the forecast timeframe from 2022 to 2030. The utmost quantity of chemicals required in pharmaceuticals fuels the demand for chemicals application. However, the bio-pharma and specialized pharma products are likely to gain a substantial growth rate owing to their rising demand and advancements in logistics sector to handle these products.
Pharmaceutical Logistics Market By Procedure
The pharmaceutical logistics industry is divided in picking, retrieval systems, and handling systems by procedure segment. Among them, picking sub-segment is expected to generate significant market share during the projected timeframe from 2022 to 2030. On the other hand, handling systems is likely to attain a considerable growth rate in the coming years.
Pharmaceutical Logistics Market Regional Outlook
The Middle East & Africa (MEA)
Pharmaceutical Logistics Market Regional Analysis
The major contributors of economies are Germany, France, Belgium and Switzerland in Europe and these have the more number of patented molecule companies in major therapeutic segments. The companies exporting bulk amount of drugs to ROW markets. On other hand USA has large number of patented molecules which too contributes major economies.
India and china are the major contributors of economy in APAC. India is well known for generic market of formulations whereas China is the major exporter of APIs.
China is the major producer of Insulin and Paracetamol in the world, Easy availing of voyage and aviation from India and China to many countries is a driving factor.
Pharmaceutical Logistics Market Players
Pharmaceutical Logistics market is highly competitive due to large number of players, in developing countries the market is occupied by the local logistic services. The global pharmaceutical logistics companies operating in the market are XPO Logistics, Agility, UPS Supply chain logistics, DHL supply chain, JB hunt transport services, Ryder Supply chain solutions, Expeditors international Washington, C.H Robinson Worldwide, Penske Logistics, NFI Logistics, Kuehne + Nagel Americas, Nippon Express, Americold, FedEx supply chain, GEODIS North America (OHL), Lineage Logistics, Kenco Logistic Services LLC.
The market size of pharmaceutical logistics market in 2021 was accounted to be USD 81.2 Billion.
The projected CAGR of pharmaceutical logistics market during the analysis period of 2022 to 2030 is 8.8%.
The prominent players of the global pharmaceutical logistics market are XPO Logistics, Agility, UPS Supply chain logistics, DHL supply chain, JB hunt transport services, Ryder Supply chain solutions, Expeditors international Washington, C.H Robinson Worldwide, Penske Logistics, NFI Logistics, Kuehne + Nagel Americas, Nippon Express, Americold, FedEx supply chain, GEODIS North America (OHL), Lineage Logistics, Kenco Logistic Services LLC.
North America held the dominating pharmaceutical logistics during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for pharmaceutical logistics during the analysis period of 2022 to 2030.
Growing prevalence of chronic disorders, rising demand for reverse logistics, and surge in international trade activities drives the growth of global pharmaceutical logistics market.
Based on type, cold chain logistics segment is expected to hold the maximum share pharmaceutical logistics market.