Pharmaceutical Logistics Market size was valued at USD 77.97 billion in 2019 and is poised to grow from USD 85.24 billion in 2023 to USD 170.17 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).
The Research report on Pharmaceutical Logistics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
- TypeCold chain logistics, non-cold chain logistics
- ComponentStorage, transportation, monitoring
Market Dynamics
Pharmaceutical Logistics Market Drivers
- Need to maintain cold chain integrity for pharmaceutical products while lowering distribution costs by creating a single source distribution channel is driving up demand for pharmaceutical logistics.
- One of the primary drivers for market growth is the increase in pharmaceutical demand. Global life expectancy has risen significantly in recent years. Global pharmaceutical sales are expected to rise during the forecast period as average life expectancy rises. End-user industries are utilizing cold chain logistics to meet the pharmaceutical industry's increasing demand.
- Growing importance of fast track assistance and rising demand for household healthcare products are other factors driving the pharmaceutical logistics market growth.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Agility Logistics• BDP International• CEVA Logistics• DHL Global Forwarding• FedEx Corporation• DB Schenker• Kuehne + Nagel• Penske Logistics• Cardinal Health• Marken• UPS Healthcare• Movianto• Panalpina World Transport• Rhenus Logistics• World Courier• XPO Logistics• Hellmann Worldwide Logistics• TNT Express• Expeditors International• Nippon Express
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The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Pharmaceutical Logistics Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Pharmaceutical Logistics Market?
• What are the prominent market trends influencing the development of the Pharmaceutical Logistics Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Pharmaceutical Logistics Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?