What is Pharmaceutical Logistics?
Pharmaceutical companies are putting out large number of products than ever, each of which have their own complex requirement. Rise in inflation is to seek in procurement, manufacturing, transportation and warehousing. Bigger companies tend to go down due to its specialized nature of many pharmaceuticals’ manufacturing, transport and storage needs, cost savings are limited. It is now essential that logistics set the flow till the point of consumption. and Logistics ensures the right medicines and equipment reaches the right recipient under the right. Pharmaceutical logistics or medical logistics refers to a flow of resources related to medical devices and equipment, medical and surgical supplies and other products to end users as doctor, nurses and other health and dental care provider.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Deutsche Post (Germany), DHL Logistics (Germany), Kuehne + Nagel (Switzerland), DB Group (Germany), Nippon Express (Japan), DSV (Denmark), XPO Logistics (Unites States), UPS (Marken) (United States), CEVA Logistics (Netherland), Expeditor International (United States), JB Hunt (United States), Dacher (Germany), Sinotrans (China), SNFC Geodils (France), Panalpina (Switzerland), FedEx (United States) and World Courier (United States) |
CAGR | 5.75% |
The Global Pharmaceutical Logistics market is expected to see growth rate of 5.75% and may see market size of USD23.56 Million by 2030. The study covers a detailed analysis segmented by key business segments i.e. by type (Cold Chain Logistics and Non-cold Chain Logistics) , by application (Bio Pharma, Chemical Pharma and Specially Pharma) and major geographies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Pharmaceutical Logistics market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Pharmaceutical Logistics market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Deutsche Post (Germany), DHL Logistics (Germany), Kuehne + Nagel (Switzerland), DB Group (Germany), Nippon Express (Japan), DSV (Denmark), XPO Logistics (Unites States), UPS (Marken) (United States), CEVA Logistics (Netherland), Expeditor International (United States), JB Hunt (United States), Dacher (Germany), Sinotrans (China), SNFC Geodils (France), Panalpina (Switzerland), FedEx (United States) and World Courier (United States).
Market Overview:
In November 2023, UPS Completes Acquisition of MNX Global Logistics. The acquisition of MNX expands UPS' capabilities of time-critical logistics, especially for healthcare customers in the US, Europe and Asia. MNX has a strong track record in providing reliable and timely delivery of critical goods. The company’s expertise in transporting radiopharmaceuticals and temperature-sensitive products will help UPS Healthcare and its clinical trial logistics subsidiary, Marken, meet the growing demand for these services in the healthcare industry. With MNX’ additional expertise, UPS will continue to offer industry-leading global service to customers who need time-critical, temperature-sensitive logistics solutions.
Major players in the rice milk market are Vitasoy International Holdings Limited, Alpro, Hain Celestial Group, Fine Japan Co., Ltd., and Pacific Foods of Oregon, LLC, among others. Key players are focusing on adopting developmental strategy like new product launch, expansions & investments for business development & growth. The focus is mainly on organic rice milk product offering.
Influencing Trend:
Consolidation in global pharmaceutical logistics market and Technological advancement to contribute to growth pharmaceutical logistics
Market Growth Drivers:
Growing pharmaceutical sales and Large and diverse population
Challenges:
Reduced price of generic drugs, Intense competition and Issues in serving the emerging markets
Restraints:
Highly regulated market and Increasing overall cost for pharmaceutical logistics
Opportunities:
Fastest market growth and Improving awareness about pharmaceutical market
Key highlights of the Global Pharmaceutical Logistics market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Pharmaceutical Logistics market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Pharmaceutical Logistics market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Pharmaceutical Logistics Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pharmaceutical Logistics market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Pharmaceutical Logistics market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Logistics Solution Providers, Consulting Firms, Government Agencies and Authorities, Original Equipment Manufacturers, Consultants and Consultancy/Advisory Firms, Training and Education Service Providers, Support and Maintenance Service Providers and Managed Service Providers.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.