Pharmaceutical Logistics Market to Grow at CAGR of 7.09% through 2029
Growing research and development are expected to drive
the Global Pharmaceutical Logistics Market in the forecast period 2025-2029
According to TechSci Research report, “Pharmaceutical
Logistics Market – Global Industry Size, Share, Trends, Competition,
Forecast & Opportunities, 2019-2029F”, the Global Pharmaceutical
Logistics Market was valued at USD 93.23 Billion in 2023 and is expected to
reach USD 140.83 Billion by 2029 with a CAGR of 7.09% during the forecast
period.
The growth of the global pharmaceutical logistics
market is intricately linked to its ability to navigate various disruptions,
including natural disasters, geopolitical events, and pandemics. These
disruptions pose significant challenges to the efficient and timely movement of
pharmaceutical products, impacting the sector’s overall growth. Natural
disasters like hurricanes, floods, and earthquakes can severely damage
transportation infrastructure, including roads, ports, and warehouses. Such
disruptions can cause significant delays in the supply chain, leading to
increased costs for rerouting shipments or repairing damaged goods,
particularly for temperature-sensitive medications that require strict storage
conditions.
Geopolitical events, including trade conflicts,
regulatory changes, and political instability, can further complicate the
global pharmaceutical supply chain. Trade barriers, tariffs, and sanctions can
restrict the flow of raw materials, active pharmaceutical ingredients (APIs),
and finished products across borders. Companies must navigate complex
regulatory environments and adapt to sudden changes in trade policies, which
can increase operational costs and lead to delays. For pharmaceutical logistics
providers, maintaining compliance with varying international standards while
ensuring seamless cross-border transportation is crucial for market growth.
The COVID-19 pandemic highlighted the sector's
vulnerability and underscored the importance of a resilient logistics
framework. During the pandemic, there was an unprecedented surge in demand for
medical supplies, vaccines, and essential medications. However, lockdowns,
border closures, and workforce shortages led to significant bottlenecks in the
supply chain. Companies had to quickly adapt by developing new routes, scaling
up cold chain logistics capabilities, and employing digital technologies for real-time
tracking and inventory management.
Despite these challenges, the global pharmaceutical
logistics market is growing, driven by increasing demand for biologics, personalized
medicine, and vaccines. To sustain this growth, companies are investing in
diversified supply networks, advanced technology, and strategic partnerships.
Building a robust and flexible logistics infrastructure is essential to
minimize disruptions and ensure the consistent supply of critical healthcare
products worldwide.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Pharmaceutical Logistics Market”
The Global Pharmaceutical Logistics Market is
segmented into type, component, regional distribution, and company
Based on component, the Transportation is the dominant
component in the Global Pharmaceutical Logistics Market, primarily due to its
critical role in ensuring the timely and secure delivery of pharmaceutical
products. The effectiveness of the entire supply chain depends on reliable
transportation, especially when it comes to temperature-sensitive goods such as
vaccines, biologics, and specialty drugs. These products require strict adherence
to specific temperature ranges during transit to maintain their efficacy,
making efficient and controlled transportation vital. As the demand for
biologics and specialty medicines increases, so does the need for advanced
transportation solutions that can handle complex cold chain requirements. Transportation
is essential in bridging the gap between manufacturers, distributors, and
end-users, ensuring that medicines reach hospitals, pharmacies, and clinics
without delay. This aspect is especially crucial in emergency situations, where
timely delivery can be a matter of life and death. With advancements in
logistics technology, real-time tracking and monitoring during transit have
also improved, enhancing the reliability of transportation services.
While storage and monitoring are also important, they
serve as supportive elements that facilitate smooth transportation. Effective
storage solutions and continuous monitoring systems complement the
transportation process by ensuring products are in optimal condition before and
after transit. However, the need for swift, reliable, and efficient delivery
makes transportation the most dominant component within the pharmaceutical
logistics ecosystem.
Based on region, Asia-Pacific region is the
fastest-growing market in the global pharmaceutical logistics sector, driven by
several key factors. One of the primary reasons is the rapid expansion of the
pharmaceutical industry within countries like China, India, Japan, and South
Korea. These nations have become major hubs for pharmaceutical manufacturing
due to lower production costs, a skilled workforce, and favorable government
policies that encourage investments in the healthcare sector. As a result, there
is a growing need for efficient logistics solutions to support the
manufacturing, storage, and distribution of pharmaceutical products across
domestic and international markets.
The rising prevalence of chronic diseases, an aging
population, and increasing healthcare awareness are driving demand for
medications in the region. To meet this growing demand, pharmaceutical
companies are investing in expanding their supply chain networks, which
includes developing robust cold chain logistics for temperature-sensitive drugs
like biologics and vaccines.
The Asia-Pacific region also benefits from substantial
improvements in infrastructure, particularly in logistics and transportation.
Governments are investing in modernizing ports, airports, and road networks,
which enhances the efficiency of the pharmaceutical supply chain. The rapid
adoption of digital technologies, including real-time tracking, automation, and
inventory management systems, is helping companies streamline their logistics
operations, making the region an attractive market for pharmaceutical logistics
growth.
Major companies operating in Global Pharmaceutical
Logistics Market are:
- Agility
- United Parcel Service of America, Inc.
- VersaCold Logistics Services
- CEVA Logistics
- Air Canada
- DB SCHENKER
- Deutsche Post AG
- FedEx
- LifeConEx
- Marken
Download Free Sample Report
Customers can also request for 10%
free customization on this report
“The growth of the pharmaceutical logistics market is
challenged by its vulnerability to disruptions from natural disasters,
geopolitical events, and pandemics. These disruptions can cause significant
delays, increase transportation and operational costs, and make it difficult to
maintain consistent inventory levels. Natural disasters can damage
infrastructure, leading to transport delays, while geopolitical tensions may
result in trade restrictions, complicating cross-border supply chains.
Additionally, pandemics can create sudden surges in demand, as seen during
COVID-19, straining existing logistics networks. To support market growth,
companies are focusing on building resilient supply chains, adopting advanced
technologies, and diversifying logistics solutions to mitigate these
disruptions” said Mr. Karan Chechi, Research Director, TechSci Research, a
research-based management consulting firm.
“Pharmaceutical Logistics Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Cold Chain
Logistics, Non-Cold Chain Logistics), By Component (Storage, Transportation,
Monitoring components), By Region and Competition, 2019-2029F”, has evaluated
the future growth potential of Global Pharmaceutical Logistics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Pharmaceutical Logistics Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com