Pharmaceutical Logistics Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of thePharmaceutical Logistics Market?
The growth of the pharmaceutical logistics market is anticipated to be fuelled by an increase in the demand for pharmaceutical products. These products, governed by pharmaceutical legislation, are any medicines intended for human consumption in their finished dosage form. The orchestration of procurement, storage, and transportation of resources is facilitated by logistics serving these pharmaceutical products. To exemplify, an article from the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine (NLM), in July 2024 illustrated that there was a growth of 13.6% in overall pharmaceutical expenditures in the US in 2023 in comparison to 2022, totalling to $722.5 billion. Consequently, this heightened demand for pharmaceutical products instigates the expansion of the pharmaceutical logistics market.
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What is the Predicted Annual Growth Rate of thePharmaceutical Logistics Market Impact Industry Trends by 2034?
In recent years, the market size for pharmaceutical logistics has experienced swift expansion. It is predicted to increase from $125.6 billion in 2024 to $139.1 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. Factors such as stricter regulations, the globalization of the pharmaceutical trade, the need for temperature-controlled logistics, e-commerce blooming, and the overall growth of the healthcare industry have all contributed to the growth observed in the historic period.
The market size for pharmaceutical logistics is predicted to experience a significant surge in the coming years, escalating to a worth of $216.57 billion in 2029 with a compound annual growth rate (CAGR) of 11.7%. The expected growth over the forecast period could be the result of factors like market extension in developing nations, strategies for risk abatement, improvements in supply chain transparency, blossoming of the healthcare industry, and advances in cold chain logistics. Identifiable trends forecasted for the same period include increased attention to product security and integrity, a global optimization of supply chain networks, initiatives for green logistics, a rising demand for real-time surveillance, and regulatory mandate adherence.
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What Are the Latest Innovations Influencing thePharmaceutical Logistics Market?
The expansion of facilities has become a significant trend in the pharmaceutical logistics market. Market participants are making efforts to broaden their facilities in order to cater to the logistics demands in the healthcare field. For example, UPS Healthcare, a healthcare logistics company based in the United States, initiated an 8,700 m2 facility in West Singapore in May 2023. The extension offers additional services like packaging, labeling, return logistics, and local customs brokerage. Located in Gul Circle, with easy access to PSA Terminals, the manufacturing zone at Tuas Biomedical Park, and the forthcoming seaport at Tuas, the well-equipped facility measuring 8,700 square meters is ready to meet the current and anticipated logistics needs of the expanding healthcare sector in the nation. Importantly, it features climate-controlled storage capabilities, housing healthcare products within a spectrum of -80 degrees to 25 degrees Celsius.
Who Are the Major Industry Players Accelerating Growth in thePharmaceutical Logistics Market?
Major companies operating in the pharmaceutical logistics market include McKesson Corporation, AmerisourceBergen Corp, Cardinal Health Inc., Deutsche Post AG, FedEx Corp, Kuehne + Nagel International AG, SF Holding Co Ltd., CR Pharmaceutical Group Ltd., DSV Panalpina A/S, Schenker AG, C.H. Robinson Worldwide Inc., Alfresa Holdings Corp, Nippon Express Co Ltd., Air Canada Inc., Kerry Logistics Network Limited, Lineage Logistics Holding LLC., Flexport Inc., Nichirei Logistics Group Inc., Mainfreight Ltd., Americold Logistics LLC., NFI Industries Inc., Agility Public Warehousing Company K.S.C.P., Profarma Distribuidora de Produtos Farmaceuticos S.A., United States Cold Storage Inc., NewCold Advanced Cold Logistics BV, Cloverleaf Cold Storage Co, Kingworld Medicines Group Ltd, CEVA Logistics AG, Kloosterboer Group BV., MEDIPAL HOLDINGS Corp, B.C. Ice & Cold Storage Co
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Which Primary Segments of the Pharmaceutical Logistics Market Are Driving Growth and Industry Transformations?
The pharmaceutical logistics market covered in this report is segmented –
1) By Type: Cold Chain Logistics, Non-Cold Chain Logistics
2) By Component: Storage, Transportation, Monitoring Components
3) By Procedure: Picking, Storage, Retrieval Systems, Handling Systems
4) By Transportation: Sea Freight, Air Freight, Overland
5) By Application: Bio Pharma, Chemical Pharma, Specialty Pharma
Subsegments:
1) By Cold Chain Logistics: Refrigerated Transport, Temperature-Controlled Warehousing, Cold Chain Monitoring Systems, Packaging Solutions For Cold Chain
2) By Non-Cold Chain Logistics: Standard Transport Services, Ambient Warehousing, General Packaging Solutions, Supply Chain Management Services
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of thePharmaceutical Logistics Market?# Market?
North America was the largest region in the pharmaceutical logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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