Pharmaceutical Logistics is defined as the logistics of pharmaceuticals, medical and surgical supplies, medical devices and equipment, and other products that are required for supporting doctors, nurses, and other health and dental care providers.
Analysis of Global Pharmaceutical Logistics Market report:
Global pharmaceutical logistics market is expected to rise to an estimated value of USD 98.19 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demand for more effective and efficient logistics service amid a rise in consumption of pharmaceutical products.
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· Increasing sales and consumption of pharmaceutical products which has been caused by an increased prevalence of chronic diseases; this factor is expected to drive the growth of the market
· Need for decreasing the overall cost of logistics service by adopting a unified distribution service; this factor is expected to enhance the growth of the market
· Enhanced verification and safety of services as it prevent counterfeit drugs being distributed through the supply chain; this factor is expected to flourish the growth of the market
· Increased demand for specialized value-added services such as temperature-controlled, cold chain storage; this factor is expected to add on to the growth of the market
· Requirement of a coordinated and interlinked logistics services with complete anonymity in the supply chain of pharmaceuticals; this factor is expected to restrain the growth of the market
· Requirement of complying with strict regulations that are varied according to the different regions of the world; this factor is expected to hinder the market growth
Leading Key players profiled in this report are:
Few of the major competitors currently working in the global pharmaceutical logistics market are Agility; Air Canada; PCI Pharma Services; Continental Cargo OÜ; CEVA Logistics; Schenker AG; Deutsche Post AG; FedEx; Kerry Logistics Network Limited; LifeConEx; Genco Shipping & Trading; AGRO Merchants Group; United Parcel Service of America, Inc.; DSV; VersaCold Logistics Services; AmerisourceBergen Corporation; KUEHNE + NAGEL; YUSEN LOGISTICS CO, LTD.; Stellar; SF Express; PANALPINA WORLD TRANSPORT (HOLDING) LTD. and C.H. Robinson Worldwide, Inc.
Global Pharmaceutical Logistics Market Segmentation:
· Cold Chain
· Non Cold Chain
o Sea Freight
o Rail Freight
o Retrieval Systems
o Handling Systems
· Chemical Pharma
· Specialized Pharma
· North America
· South America
Global pharmaceutical logistics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical logistics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Pharmaceutical Logistics Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Pharmaceutical Logistics Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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