The global pharmaceutical logistics market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period. The speeding up of increasing focus on advancements in technology is one of the prime factors affecting and driving the market. Through the introduction of blockchain technology, it had been effective in reducing unnecessary administrative costs along with enabling proper health data utilization through establishing blockchain medical records. Further, the user can also easily collaborate and coordinate through advancement in technology by one platform with the support of smartphones and personal computers.
Moreover, the emerging focus on deliveries through air drones also is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global pharmaceutical logistics market. For instance, in January 2021, Deutsche Post AG had enlarged its medical and pharmaceutical logistics capacity in Germany. The company elaborated its Life Sciences & Healthcare (LSH) facility for around 2,500 square meters. The center is considered to be nearest to the airport along with houses in order to effectively store and handle temperature-controlled pharmaceutical and medical products that include vaccinations.
The key players present in the global pharmaceutical logistics market had been adopting various strategies that include mergers and acquisitions and collaboration to gain major market share. For instance, in June 2021, Nippon Express Co., Ltd. had done the collaboration with Shanghai Shengsheng Logistics Co., Ltd. which is primarily engaged in biopharmaceutical transport. Through this collaboration, both the company will be evolving cold-chain transport services along with consolidated shipping services for ocean cargo for its customers.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Components
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Deutsche Post AG, Kuehne+Nagel, FedEx, Kerry Logistics Network Ltd., and Nippon Express Co., Ltd.
Pharmaceutical Logistics Market Segmentation
By Type
- Cold Chain Logistics
- Non-cold Chain Logistics
By Components
- Storage
- Transportation
- Monitoring
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Air Canada
- H. Robinson Worldwide, Inc.
- CMA CGM/a
- Deutsche Post AG
- DSV
- Expeditors International of Washington, Inc.
- FedEx
- Kerry Logistics Network Ltd.
- Kuehne+Nagel
- Nichirei Logistics Group Inc.
- Nippon Express Co., Ltd.
- Ryder System, Inc.
- TorQuest Partners
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