As per Triton’s research report, the Global Pharmaceutical Logistics Market report is segmented by Component (Storage [Warehouse, Refrigerated Containers], Transportation [Sea Freight Logistics, Overland Logistics, Air Freight Logistics], Monitoring components [Software, Hardware (Telematics, RFID Devices, Sensors, Networking Devices)]), Pharma Type (Branded Drugs, Generic Drugs, OTC), Therapy Area (Oncology, Communicable Diseases, Diabetes, Cardiovascular Diseases, Autoimmune Diseases, Neurological Disorders, Pain Management, Respiratory Diseases, Other Therapy Areas), Logistics Type (Non-Cold Chain Logistics, Cold Chain Logistics), and Regional Outlook (Asia-Pacific, North America, Latin America, Middle East and Africa, Europe).
The report highlights the Market Summary, Industry Outlook, Impact Analysis, Porter’s Five Forces Analysis, Market Maturity Analysis, Supply Chain Analysis, Regulatory Framework, Key Buying Impact Analysis, Value Chain Analysis, Regulatory Outlook, Market Attractiveness Index, Key Market Strategies, Market Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
Triton’s research report states that the global pharmaceutical logistics market is expected to advance at a CAGR of 7.67% during the forecast period 2024-2032.
The pharmaceutical logistics sector has experienced substantial expansion driven by the rising need for its services. Major contributors to this market encompass pharmaceutical logistics firms and third-party logistics providers. These entities deliver essential services such as the transportation, storage, and distribution of pharmaceutical goods.
Factors such as escalating demand for temperature-regulated solutions, expanding ocean freight services, and increasing consumer inclination towards OTC drugs fuel the expansion of the pharmaceutical logistics market. The pharmaceutical industry depends significantly on maintaining controlled temperatures during both the manufacturing and distribution processes to guarantee the quality and potency of its products. To achieve this, companies use specialized transportation and storage systems designed to regulate temperature. These systems are essential because any variation in temperature can diminish the effectiveness of medications, posing risks to patients.
However, the necessity for real-time transparency and dependability and stringent regulatory mandates hampers the growth of the pharmaceutical logistics market.
The Asia-Pacific region is expected to witness fast growth over the forecast period. The region stands out with its rapidly aging population, a rise in chronic diseases, and increased healthcare expenditure, all of which drive the expansion of the pharmaceutical logistics market. Government investment in research and development, along with growing health awareness, particularly in emerging markets like China and India, significantly boosts the Asian healthcare sector. Consequently, there is a heightened demand for logistics providers to efficiently transport pharmaceuticals both domestically and internationally.
The key companies in the pharmaceutical logistics market are Agility Logistics, AP Moller–Maersk, Cardinal Health Inc, Cencora (AmerisourceBergen), CEVA Logistics, DB Schenker, Deutsche Post AG, DSV, FedEx Corporation, Kuehne + Nagel, Marken (Acquired by UPS), Medline Industries LP, SEKO Logistics, and United Parcel Service (UPS).
The global pharmaceutical logistics market is currently both highly competitive and fragmented, presenting substantial opportunities for new entrants. With the arrival of additional players, competition among the established companies is poised to intensify. The increasing demand for pharmaceuticals is anticipated to further enhance revenue potential within the market.
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