Pharmaceutical Logistics Market Report 2024-2034 - A $96 Billion Market in 2024, with Emphasis on Cold Chain Solutions
|Update : 8th February, 2024
The "Pharmaceutical Logistics Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
World revenue for pharmaceutical logistics market is forecast to surpass US$93 billion in 2024, with strong revenue growth through to 2034.
Rising Globalization and Focus on Cost-efficiency and Sustainability Driving Industry Growth
Rising globalization in the pharmaceutical industry compels companies to expand operations globally, leading to increased demand for efficient and reliable logistics services. Simultaneously, there's a growing emphasis on cost-efficiency, prompting pharmaceutical firms to seek optimized supply chain solutions to reduce expenses while maintaining high-quality standards.
Moreover, the focus on sustainability plays a pivotal role in shaping the pharmaceutical logistics market. Companies are embracing eco-friendly practices and adopting greener logistics solutions to minimize their environmental footprint, thus aligning with evolving regulations and meeting consumer expectations for responsible business practices.
This convergence of factors - globalization, cost-efficiency endeavours, and sustainability commitments - acts as a driving force, propelling innovation and transformation within the pharmaceutical logistics sector, fostering its growth and evolution.
Cold chain management presents a significant challenge for the pharmaceutical logistics market due to the intricate requirements of transporting temperature-sensitive products. Maintaining the integrity of these biopharmaceuticals, vaccines, and other temperature-sensitive drugs throughout the supply chain is crucial. Variations in temperature during transportation or storage can compromise their efficacy, rendering them ineffective and unsafe for use.
The complexities of cold chain management include ensuring consistent temperature control, monitoring environmental conditions, and adhering to strict regulations across various geographic locations. Additionally, managing the cold chain involves substantial investment in specialized infrastructure, such as refrigerated storage facilities and temperature-controlled transportation vehicles, adding to operational costs.
Logistics providers face the challenge of implementing robust technologies and processes to guarantee precise temperature monitoring, traceability, and contingency planning in case of unforeseen disruptions. Variations in climates and infrastructural differences across regions further intensify these challenges, demanding adaptable and scalable solutions for effective cold chain logistics, making it a significant hurdle within the pharmaceutical logistics industry.
Key Market Dynamics
Market Driving Factors
- Increase Demand for Healthcare Products and Advancements in Biopharmaceuticals
- Growing Globalization for Pharmaceutical Trade
- Focus on Cost-Efficiency and Sustainability
Market Restraining Factors
- Complexity of Last-Mile Delivery Likely to Hamper Industry Growth
- Cold Chain Complexities Impede Efficiency in Global Pharmaceutical Logistics
- Intricate and Stringent Regulatory Landscape Poses a Significant Barrier
- Technological Integration Presents an Opportunity to Enhance Efficiency, Traceability, and Innovation
- Collaborations and Partnerships Projected to Offer Lucrative Growth Prospects
- Emerging Markets Offer Untapped Growth Potential for Pharmaceutical Logistics Expansion
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising pharmaceutical logistics prices and recent developments.
Segments Covered in the Report
Mode of Operation
- Cold Chain Transport
- Non-Cold Chain Transport
- Monitoring Components
- Generic Drugs
- Branded Drugs
- Pharmaceutical Manufacturers
- Pharmaceutical Distributors and Wholesalers
- Bio Pharma
- Chemical Pharma
- Specialized Pharma
The report also includes profiles for the following leading companies:
- Americold Logistics, Inc.
- AWL India Private Limited
- C.H. Robinson Worldwide, Inc.
- CMA CGM Group
- Deutsche Post AG
- KERRY LOGISTICS NETWORK
- Lineage, Inc.
- United Parcel Service of America, Inc.
The report provides you with the following knowledge:
- Revenue forecasts to 2034 for Pharmaceutical logistics market, 2024 to 2034 Market, with forecasts for mode of operation, logistic components, product, end-users and application, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for five regional and 20 key national markets - See forecasts for the Pharmaceutical logistics Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and MEA. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 16 of the major companies involved in the pharmaceutical logistics market, 2024 to 2034.
For more information about this report visit https://www.researchandmarkets.com/r/8snulo
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Source : Research and Markets