Industry Background:
Pharmaceutical Warehousing is the physical movement of stocks, products or goods which includes storing and receiving of stocks. Warehousing is an important element in pharmaceutical companies or supply chain management. This pharmaceutical warehousing ensures that there is always the availability and flow of necessary medicines and quality health commodities which can be supplied in a timely and cost-efficient manner. Increase in production of pharmaceutical products will drive the market for Pharmaceutical Warehousing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Agility (Switzerland), DB Schenker (Germany), DHL (Germany), Kuehne+Nagel (Switzerland), UPS (United States), BDP International (United States), XPO Logistics (United States), FedEx Supply Chain (United States), GEODIS (France) and CEVA Logistics (Switzerland) |
According to AMA, the market for Pharmaceutical Warehousing is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Rapid Increase in Hospitals Globally, Increased Demand for Pharmaceutical Products and Increasing Rate of Chronic Diseases, Aging Population, And a Shift Toward Home-Based Treatment.
Globally, a noticeable market trend is evident Adoption of Warehouse Management Systems (WMS) In Pharmaceutical Warehousing Industry
Major Players, such as Agility (Switzerland), DB Schenker (Germany), DHL (Germany), Kuehne+Nagel (Switzerland), UPS (United States), BDP International (United States), XPO Logistics (United States), FedEx Supply Chain (United States), GEODIS (France) and CEVA Logistics (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global pharmaceutical warehousing market is highly fragmented and classified due to the presence of a large number of regional and international vendors. The competitive environment among the market players is intense and these vendors are progressively competing against each other based on factors such as price, delivery speed, reliability, supply chain capacity, and warehousing and distribution services.
Regulatory Insights:
According to Food and Drug Administration (FDA), Good Manufacturing Practice (CGMPs) related to warehousing include some regulations such as drugs must be stored to prevent contamination, and be positioned to allow for inspection and cleaning of the area, Each lot of drug products must be identified with a distinctive (and traceable) code, and the lot’s status must be identified (approved, quarantined, rejected) and written procedures must describe the distribution process for each drug.
Influencing Trend:
Adoption of Warehouse Management Systems (WMS) In Pharmaceutical Warehousing Industry and Acceptance of Energy-Efficient Warehouses
Market Growth Drivers:
Rapid Increase in Hospitals Globally, Increased Demand for Pharmaceutical Products and Increasing Rate of Chronic Diseases, Aging Population, And a Shift Toward Home-Based Treatment
Challenges:
Issues Related To Appropriate Storage Conditions of Pharmaceutical Warehouses
Restraints:
High Capital-Investment for Warehouses
Opportunities:
Growing Diseases, Rapid Urbanization, and Increasing Quality and Availability of Medicines in Countries Such As China and India
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Pharmaceutical Warehousing Market
- Analysis about New Entrants in Pharmaceutical Warehousing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Pharmaceutical Warehousing Study Sheds Light on
The Pharmaceutical Warehousing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Pharmaceutical Warehousing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pharmaceutical Warehousing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.