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.
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.
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All the data and information gathered in the Pharmaceutical Logistics market document is studied and analysed with the demonstrated tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. This report has several aspects of marketing research and analysis for Healthcate industry which includes market size estimations, market dynamics, company and market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. The Pharmaceutical Logistics market document also studies the key developments in the market with respect to current scenario and the forthcoming advancements.
Market Definition: Global Pharmaceutical Logistics Market
Pharmaceutical logistics is a specialized branch of logistics services wherein service providers are focused on providing transporting, storage, proper handling and delivering the pharmaceutical products from the manufacturing location to the desired location. Pharmaceutical logistics require the services to be designated as per the regulations of products provided by the authorities.
Segmentation: Global Pharmaceutical Logistics Market
Pharmaceutical Logistics Market : By Type
- Cold Chain
- Non Cold Chain
Pharmaceutical Logistics Market : By Service
Pharmaceutical Logistics Market : By Application
- Chemical Pharma
- Specialized Pharma
Pharmaceutical Logistics Market : By Geography
- North America
- South America
- Middle East and Africa
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Pharmaceutical Logistics Market Drivers
- 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
Pharmaceutical Logistics Market Restraints
- 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
Competitive Analysis: Global Pharmaceutical Logistics Market
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.
Key questions answered in the report :-
- What are the challenges being faced by the new entrants?
- Which will be the Pharmaceutical Logistics Market application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the global Pharmaceutical Logistics market opportunity?
- How Pharmaceutical Logistics Market share advance vacillations their value from various assembling brands?
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