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Global Pharmaceuticals Logistics Market Size and Forecast (2018-2029)

Published Jul 17, 2024
Length 349 Pages
SKU # MKRC20411891

Description

Executive Summary

Global pharmaceutical logistics market recorded growth rate of nearly ~6.0% in 2023 as compared to previous year. As of 2023, Europe leads the global pharmaceuticals logistics market driven by its advanced logistics infrastructure and strong regulatory frameworks, which enhance efficiency in pharmaceutical distribution. The global pharmaceutical logistics market has shown substantial growth, reaching a significant milestone in 2023. This growth, fueled by increased demand for medical supplies and advancements in logistics technology, reflects a trend of steady expansion that began during the pandemic. Reliable and efficient logistics networks have become essential in addressing global health challenges, including the distribution of vaccines, treatments, and personal protective equipment (PPE). The market's upward trajectory has continued, driven by rising global healthcare needs and technological progress.

Pharmaceutical companies and healthcare providers have prioritized strengthening their supply chains to meet these unprecedented challenges. Advances in technology and digitalization have enhanced supply chain visibility and efficiency, enabling better tracking and monitoring of pharmaceutical shipments.

Intense Competition in Global Pharmaceuticals Logistics Market

The market is experiencing intense competition among key players, such as Kuehne + Nagel, DHL, FedEx, DB Schenker, and UPS, who are employing innovative strategies and expanding their presence to meet evolving market demands. This competitive landscape is further shaped by numerous mergers, acquisitions, and strategic investments, which are redefining market dynamics. Major companies are engaging in mergers and acquisitions, while new startups are securing significant funding to compete effectively. These strategic moves are aimed at leveraging strengths, expanding market capabilities, and providing comprehensive solutions to consumers.

Shifts in the Pharmaceutical Logistics Market Segments

The pharmaceutical logistics market is undergoing notable changes across its segments. The patented drugs segment, which currently holds a substantial share, is anticipated to decline due to patent expirations and increasing competition from generics and biosimilars. The loss of exclusivity for several blockbuster drugs, such as Humira and Enbrel, will further intensify this competition.

Pharmaceutical Logistics and Market Performance in Germany

Bayer's Q1 2024 sales saw a slight decline, totaling around 13.8 billion euros. In contrast, STADA Arzneimittel experienced robust double-digit growth in sales and profits in 2023.

The German pharmaceutical logistics market is expected to expand significantly in 2024. Key factors contributing to this growth include an aging population, an increase in chronic diseases, advancements in healthcare infrastructure, and the growing demand for biologics and specialty pharmaceuticals. Additionally, the focus on patient-centric care is driving the need for efficient medication delivery systems.

Growth and Innovations in the U.S. Cold Chain Market

According to the Global Cold Chain Alliance (GCCA), as of 2021, the United States has approximately 4,600 temperature-controlled warehouses, with a combined capacity of around 1.6 billion square feet. The increasing demand for connected trucks, high-cube refrigerated trailers, and vehicles capable of transporting diverse products is driving the growth of cold chain services.

In response, U.S. cold storage service providers are enhancing efforts to protect temperature-controlled products from tampering or malicious actions, leading to a higher demand for monitoring components such as telematics and telemetry devices, sensors, data loggers, and networking devices.

Industry players are also utilizing RFID and Automatic Identification and Data Capture (AIDC) technologies to boost the efficiency of order fulfillment processes. The growing use of Bluetooth technology and RFID sensors in the logistics industry is expected to further accelerate the adoption of AIDC technologies.

Expansion and Enhancements in China's Pharmaceutical Logistics Market

In recent years, the Chinese pharmaceutical logistics market has experienced steady growth, with a notable surge during the COVID-19 pandemic. This market has shown a strong performance, achieving a compound annual growth rate of 6.31% from 2019 to 2023.

China has made substantial investments in improving pharmaceutical logistics, with a particular emphasis on cold chain logistics to enhance medical service access in rural and underserved areas. Moreover, regulatory reforms have streamlined drug approval processes and increased supply chain transparency, facilitating faster market entry for new drugs and more efficient logistics operations.

Japan the world's third-largest pharmaceutical market

Japan, the world's third-largest pharmaceutical market and a key export destination for U.S. pharmaceuticals, is promoting its healthcare industry as a vital growth engine. The country's cold chain logistics sector is experiencing remarkable growth, driven by the need for safe delivery of perishable goods, including pharmaceuticals. The rise in organized retail stores is further boosting demand for these logistics services.

India's Pharmaceutical Logistics Boom

India's pharmaceutical logistics sector is booming due to rising chronic diseases and increased healthcare spending. Strong infrastructure is attracting global pharmaceutical companies, but optimizing cold chain networks and reducing import reliance are crucial for sustained success.

India's pharmaceutical exports reached USD 25.39 billion in 2022-23, with the U.S. accounting for over 31%. The sector's robust export performance supports significant foreign investment, attracting USD 22.37 billion between 2020 and 2023.

Recent Developments in Global Logistics Acquisitions

• DHL Group has finalized the acquisition of shares in Danzas AEI Emirates, rebranding all facilities under the DHL name. This integration includes the transfer of 1,100 logistics professionals and ownership of over 20 facilities, leading to enhanced and more streamlined logistics services across the UAE, GCC, and MEA (Middle East and Africa) region.

• Global logistics provider CEVA Logistics has completed the acquisition of Stellar Value Chain as of November 20, 2023. CEVA has acquired a 96% stake in the Mumbai-based warehousing and transportation specialists from an affiliate of private equity firm Warburg Pincus and other shareholders.

• UPS, in 2023, announced the completion of its acquisition of MNX Global Logistics (MNX), a specialist in time-critical logistics. This acquisition expands UPS's capabilities in time-sensitive logistics, particularly for healthcare customers across the US, Europe, and Asia. MNX's expertise in transporting radiopharmaceuticals and temperature-sensitive products will enhance UPS Healthcare's service offerings.

Top 5 Companies in Air Freight Logistics:

1. Kuehne + Nagel

2. DHL

3. DSV

4. DB Schenker

5. UPS

Top 5 Companies in Contract Logistics

1. DHL

2. Kuehne + Nagel

3. Expeditors

4. DSV

5. DB Schenker

Scope of work

The report provides an in-depth analysis of major players in the global pharmaceutical logistics market, featuring prominent companies such as Cencora, Inc., DHL Group, DB Schenker, CEVA Logistics, United Parcel Service, FedEx, Kuehne Nagel, AP Moller Maersk, Singapore Post, and ABS Logistics. It includes a thorough examination of these companies, covering aspects like mergers and acquisitions, funding histories, and detailed company profiles.

Additionally, the report explores global, national, and state-level regulations affecting the pharmaceutical logistics sector, highlighting their impact on the industry. It addresses key logistical challenges, demographic trends, and significant factors influencing market dynamics, providing stakeholders and industry experts with valuable insights into this crucial and rapidly evolving sector.

Period of Study

§ 2018 - 2023: Past and Present Scenario

§ 2023: Base year of study

§ 2024 – 2029: Future Outlook

Regions and Countries Covered

§ Asia-Pacific (APAC):

China

Japan

South Korea

India

Australia

§ Europe:

Germany

France

UK

Italy

Spain

§ North America:

US

Canada

§ Latin America and Middle East & North Africa:

Brazil

Columbia

South Africa

Saudi Arabia

UAE

Qatar

§ Competitive Landscape

Mergers and Acquisitions

Funding Timeline

Company Profiles

§ Companies Covered

Cencora, Inc.

DHL Group

DB Schenker

CEVA Logistics

United Parcel Service

FedEx

Kuehne Nagel

AP Moller Maersk

Singapore Post

ABS Logistics

Key Questions Answered

1. How has the global pharmaceutical logistics market performed in the past?

2. Which are the leading countries in pharmaceutical logistics market worldwide?

3. Is North America leading in the pharmaceutical logistics market?

4. Which country is leading in Europe pharmaceutical supply chain?

5. How pharmaceuticals industry is performing worldwide?

6. Which drugs and therapies are most commonly transported within the global pharmaceutical logistics market?

7. What are the main factors affecting the cost structure of pharmaceutical logistics globally?

8. What are the future growth prospects and opportunities for the pharmaceutical logistics market in major countries across different continents?

Table of Contents

349 Pages
1. Research Methodology
1.1. Research Objective
1.2. Research Process
1.3. Research Design and Procedure
1.4. Analytical Framework
2. Global Macro Economic Overview
2.1. Global Economy: An Overview
2.1.1. Global Economic Growth and Inflation Metrics
2.1.2. Economic Growth Trends of Leading Global Countries
2.2. Global FDI by Different Regions
2.3. Worldwide Political Frameworks
2.4. Key Economies Logistics Performance Index (LPI) Ranking
2.5. Worldwide Innovation Ranking
2.6. Global Demographic and Economic Expansion Metrics
2.7. Worldwide Unemployment Statistics
2.8. Global Urban Population
3. Global Pharmaceutical Logistics Market
3.1. Global Pharmaceuticals Logistics Market: Key Facts
3.2. Global Pharmaceutical Logistics Market: Past and Present Performance
3.3. Global Pharmaceutical Logistics Market: by Regions
3.4. Global Pharmaceutical Logistics Market: by Temperature
3.5. Global Pharmaceutical Logistics Market: by Drug Type
3.6. Global Pharmaceutical Logistics Market: by Application (Small Molecules vs. Biologics)
3.7. Global Pharmaceutical Logistics Market: by Type of Services (Warehousing & Transportation)
3.8. Global Logistics Market: Transport
3.9. Global Pharmaceutical Logistics Market: by Mode of Transport
3.10. Global Pharmaceutical Logistics Market: by Therapy Area
3.10.1. Global Medicine Sales by Major Therapeutic Class
3.11. Global Pharmaceuticals Sales of Top 10 Countries
3.12. Global Pharmaceutical Logistic Market: Future Outlook
4. Europe Pharmaceutical Logistics Market
4.1. Europe Pharmaceutical Logistics Market: An Overview
4.1.1. Europe Logistics Performance Index
4.1.2. Europe Pharmaceuticals Market: Key Facts
4.1.3. Europe Pharmaceuticals Market: Medical and Pharmaceutical Products Exports
4.1.4. Europe Pharmaceutical Logistics Market: Past and Present Performance
4.1.5. Europe Prevalence of Diseases
4.1.6. Europe Pharmaceutical Logistics Market: by Drugs
4.1.6.1. Europe Pharmaceutical Drugs Market: by Generic and Biosimilar
4.1.7. Europe Pharmaceutical Drugs Market: VAT on Prescription Drugs
4.1.8. Europe Pharmaceuticals Logistics Market: by Type of Services (Transportation & Warehousing)
4.1.9. Europe Pharmaceutical Logistics Market: by Mode of Transport
4.2. Germany Pharmaceutical Market: An Overview
4.2.1. Germany Pharmaceutical: Production & Exports
4.2.2. Germany Biopharmaceuticals Market Revenue
4.2.3. Germany Pharmaceutical Logistics Market: Past and Present Performance
4.2.4. Germany Pharmaceutical Logistics Market: by Drug Type
4.2.5. Germany Pharmaceutical Logistics Market: Transport
4.3. UK Pharmaceuticals Logistics Market: An Overview
4.3.1. UK Pharmaceuticals Logistics Market: Past and Present Performance
4.3.2. UK Pharmaceuticals Logistics Market: by Storage
4.3.2.1. UK International vs. Domestic Freight
4.3.3. UK Digital Data Logger for Pharmaceutical Cold Storage
4.3.4. UK Major Illness Demographic Projection
4.4. Spain Pharmaceuticals Logistics Market: An Overview
4.4.1. Spain Pharmaceuticals Logistics Market: Past and Present Performance
4.4.2. Spain Pharmaceuticals Logistics Major Brands
4.4.3. Spain Pharmaceuticals: Major Start-ups
4.4.4. Spain Pharmaceuticals Logistics Market: by Distribution
4.4.5. Spain Pharmaceuticals Logistics Market: by Therapy
4.4.6. Spain Pharmaceuticals Logistics Market: by Transport
4.4.7. Spain Digital Data Loggers
4.5. Italy Pharmaceuticals Market: Past and Present Performance
4.5.1. Italy Prevalence of Diseases
4.5.2. Italy Pharmaceuticals Drugs Demand
4.5.3. Italy Pharmaceuticals Logistics Market: An Overview
4.5.4. Italy Pharmaceuticals Logistics Market: Past and Present Performance
4.5.5. Italy Pharmaceuticals Logistics Market: by Services
4.5.6. Italy Pharmaceuticals Logistics Market: by Transport
4.6. France Pharmaceuticals Market: An Overview
4.6.1. France Pharmaceuticals Logistics Market: Past and Present Performance
4.6.2. France Pharmaceuticals Logistics Market: Key Projects
4.6.3. France Pharmaceutical Logistics Market: by Temperature
4.6.4. France Pharmaceuticals Logistics Market: by Distribution
4.6.5. France Pharmaceuticals Logistics Market: by Transport
4.7. Europe Pharmaceuticals Logistics Market: Future Outlook
4.7.1. Germany Pharmaceuticals Logistics Market: Future Outlook
4.7.2. UK Pharmaceuticals Logistics Market: Future Outlook
4.7.3. France Pharmaceuticals Logistics Market: Future Outlook
4.7.4. Italy Pharmaceuticals Logistics Market: Future Outlook
4.7.5. Spain Pharmaceuticals Logistics Market: Future Outlook
5. North America Pharmaceuticals Logistics Market
5.1. North America Pharmaceuticals Logistics Market: An Overview
5.1.1. North America Pharmaceuticals Logistics Market: Past and Present Performance
5.1.2. North America Pharmaceutical Logistics & Major Outbreaks
5.2. North America Pharmaceuticals Logistics Market Segmentation: by Countries
5.2.1. North America Pharmaceuticals Logistics Market Segmentation: by Temperature
5.2.2. North America Pharmaceuticals Logistics Market Segmentation: by Drug
5.2.3. North America Pharmaceuticals Logistics Market Segmentation: by Application
5.2.4. North America Pharmaceuticals Logistics Market Segmentation: by Type of Service
5.2.5. North America Pharmaceuticals Logistics Market Segmentation: by Mode of Transport
5.2.6. North America Pharmaceuticals Logistics Market Segmentation: by Ailments
5.3. United States Pharmaceutical Logistics Market Shipments: by Mode of Transport
5.3.1. United States Mode of Shipments by Value: Marine
5.3.2. United States Mode of Shipments by Value: Air
5.3.3. United States Mode of Shipments by Value: Rail
5.3.4. United States Mode of Shipments by Value: Road
5.4. United States Pharmaceutical Logistics Market: Past & Present Performance
5.4.1. United States Pharmaceutical Logistics Market: by Drugs
5.4.2. United States Pharmaceutical Logistics Market: by Therapy
5.4.3. United States Pharmaceutical Logistics Market: Storage by Temperature
5.4.3.1. United States Pharmaceutical Logistics Market: Storage and Temperature Monitoring Device
5.4.4. United States Pharmaceutical Logistics Market: DDL Devices
5.4.5. United States Pharmaceutical Logistics Market: Distribution Channel
5.6. Canada Pharmaceuticals Logistics Market: An Overview
5.6.1. Canada Pharmaceuticals Logistics Market: Past and Present Performance
5.6.2. Canada Pharmaceuticals Logistics Market: by Products
5.6.3. Canada Pharmaceuticals Logistics Market: by Drugs
5.6.4. Canada Pharmaceuticals Logistics Market: by Therapy
5.6.5. Canada Pharmaceuticals Logistics Market: by Distribution Services
5.7. North America Pharmaceutical Logistics Market: Future Outlook
5.7.1. United States and Canada Pharmaceutical Logistics Market: Future Outlook
6. Asia-Pacific Pharmaceuticals Logistics Market Segmentation
6.1. Asia-Pacific Pharmaceutical Logistics Market: by Distribution
6.1.1. Asia-Pacific Pharmaceutical Logistics Market: by Sales
6.1.2. Asia-Pacific Pharmaceutical Logistics Market: by Clinical Trials
6.1.3. Asia-Pacific Pharmaceutical Logistics Market: by Temperature
6.1.4. Asia-Pacific Pharmaceuticals Logistics Market Segmentation: by Countries
6.1.5. Asia-Pacific Pharmaceutical Logistics Market: by Drugs
6.1.6. Asia-Pacific Pharmaceuticals Logistics Market Segmentation: by Type of Services
6.1.7. Asia-Pacific Pharmaceuticals Logistics Market Segmentation: by Mode of Transport
6.1.8. Asia-Pacific Pharmaceutical Logistics Market: by Therapy
6.2. China Pharmaceuticals Logistics Market: An Overview
6.2.1. China Pharmaceuticals Logistics Market: Past and Present Performance
6.2.2. China Pharmaceuticals Logistics Market: Exports to United States
6.2.3. China Number of Warehouses and Locations by State
6.2.4. China Pharmaceuticals Logistics Market: by Drugs
6.2.5. China Pharmaceuticals Logistics Market: by Therapy
6.2.6. China Pharmaceuticals Logistics Market: by Distribution
6.2.7. China Logistics Market Insights
6.3. Japan Pharmaceuticals Logistics Market: An Overview
6.3.1. Japan Pharmaceuticals Logistics Market: Past and Present Performance
6.3.2. Japan Pharmaceuticals Logistics Market: Imports
6.3.3. Japan Pharmaceuticals Logistics Market: by Drugs
6.3.4. Japan Pharmaceuticals Logistics Market: Major Airports
6.4. South Korea Pharmaceuticals Logistics Market: An Overview
6.4.1. South Korea Pharmaceuticals Logistics Market Past and Present Performance
6.4.2. South Korea Pharmaceuticals Logistics Market: by Drugs
6.4.3. South Korea Pharmaceuticals Logistics Market: by Therapy
6.4.4. South Korea Pharmaceuticals Logistics Market: by Transport
6.4.5. South Korea Container Traffic at Major Ports
6.4.6. South Korea Logistics Bases and Terminals
6.5. India Pharmaceutical Logistics Market: An Overview
6.5.1. India Pharmaceuticals Logistics Market Past and Present Performance
6.5.2. India Pharmaceutical Logistics Market: by Disease Spread
6.5.3. India Cold Chain Infrastructure
6.5.3.1. India Cold Storage Utilization by Sectors
6.6. Australia Pharmaceuticals Logistics Market: An Overview
6.6.1. Australia Pharmaceuticals Logistics Market: Past and Present Performance
6.6.2. Australia Pharmaceuticals Logistics Market: by Therapy
6.6.3. Australia Freight Transport
6.6.4. Australia Logistics Sector Performance
6.6.5. Australia Number of Warehouses and Locations by State
6.6.6. Australia Medicine Distribution Network
6.7. Asia-Pacific Pharmaceutical Logistics Market: Future Outlook
6.7.1. Japan Pharmaceutical Logistics Market: Future Outlook
6.7.2. China Pharmaceutical Logistics Market: Future Outlook
6.7.3. India Pharmaceutical Logistics Market: Future Outlook
6.7.4. South Korea Pharmaceutical Logistics Market: Future Outlook
6.7.5. Australia Pharmaceutical Logistics Market: Future Outlook
7. Latin America Pharmaceutical Logistics Market
7.1. Latin America Pharmaceutical Market: An Overview
7.1.1. Latin America Pharmaceutical Market: Key Facts
7.1.2. Latin America Pharmaceutical Trade Performance
7.1.3. Latin America Pharmaceutical Logistics Market: Past & Present Performance
7.1.4. Latin America Pharmaceutical Logistics Market: Recent Developments
7.2. Latin America Pharmaceutical Logistics Market: Future Outlook
8. Middle East & North Africa (MENA) Pharmaceutical Logistics Market
8.1. Middle East & North Africa Pharmaceutical Logistics Market: An Overview
8.1.1. Middle East & North Africa Pharmaceutical Market: Key Facts
8.1.2. Middle East & North Africa Prevalence of Diseases
8.1.3. Middle East & North Africa Pharmaceutical Logistics Market: Past and Present Performance
8.1.4. Qatar Pharmaceutical Logistics Market Performance
8.2. Qatar Pharmaceutical Logistics Market: Recent Developments
8.2.1. Qatar Pharmaceutical Logistics Market: Key Facts and Growth Drivers
8.2.2. Qatar Pharmaceutical Logistics Market: Demand & Supply Gap
8.2.3. Qatar Pharmaceutical Logistics Market: Opportunity
8.3. Saudi Arabia Pharmaceutical Logistics Market: An Overview
8.3.1. South Africa Pharmaceutical Logistics Market: An Overview
8.4. Middle East and North Africa Pharmaceutical Logistics Market: Future Outlook
9. Global Pharmaceuticals Logistics Market Competitive Landscape
9.1. Comparison of Global Logistics players
9.2. Comparison of Global Pharmaceuticals Logistics Players
9.3. Market Mergers &Acquisitions
9.4. Funding Timeline
10. Global Pharmaceuticals Logistics Market Company Profiles
10.1. Company Profile: Cencora, Inc.
10.2. Company Profile: DHL Group
10.3. Company Profile: DB Schenker
10.4. Company Profile: CEVA Logistics
10.5. Company Profile: United Parcel Service
10.6. Company Profile: FedEx
10.7. Company Profile: Kuehne Nagel
10.8. Company Profile: AP Moller Maersk
10.9. Company Profile: Singapore Post
10.10. Company Profile: ABS Logistics
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