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Sep 11, 2020 7:49 AM ET

Global Pharmaceutical Logistics Market Set to Make Rapid Strides in 2020-2027

iCrowd Newswire - Sep 11, 2020

The Pharmaceutical Logistics market research in this report provided by Global Market Monitor includes historical and forecast market data, consumer demand, application segmentation details, and price trends. This report also provides a detailed overview and data analysis of major Pharmaceutical Logistics companies during the forecast period.

The global pharmaceutical logistics market is expected to reach USD 71 billion by 2026. North America dominates the market. This is attributed to the significant fragmentation in North America due to the presence of a large number of major industry players. Moreover, increasing M&A activities among pharmaceutical companies such as Bristol-Myers Squibb and AbbVie are likely to further boost the market in the region. Asia Pacific is expected to be the fastest-growing region owing to the rapid economic growth in emerging countries such as China and India. High demand for pharmaceuticals due to the increasing geriatric population is also expected to expand the market for pharmaceutical logistics in Asia Pacific. Moreover, the pharmaceutical industry is experiencing geographic changes in the manufacturing and distribution locations. Market players are finding lucrative opportunities in the developing economies of Asia and South America, which is expected to boost the market growth in these regions.

Pharmaceutical Logistics is the logistics of pharmaceuticals, medical and surgical supplies, medical devices and equipment, and other products needed to support doctors, nurses, and other health and dental care providers. Because it’s final customers are responsible for the lives and health of their patients, medical logistics is unique in that it seeks to optimize effectiveness rather than efficiency. Medical logistics functions comprise an important part of the health care system: after staff costs, medical supplies are the single most expensive component of health care. To drive costs out of the health-care sector, medical logistics providers are adopting supply chain management theories.

The short-term impact of COVID-19 on the market is a key factor in the rapid growth of pharmaceutical logistics globally. The market growth is also attributed to increased demand for over-the-counter (OTC) drugs such as vitamins, minerals, and supplements (VMS), common cough and cold remedies, gastrointestinal drugs, and dermatology products. Moreover, reducing distribution costs by establishing single-source distribution channels is further increasing the demand for pharmaceutical logistics. Many companies are making mergers and acquisitions to expand their geographies and proprietary knowledge. They are also working to reduce the overall packaging costs of their products. Biotech and pharmaceutical supply chains are particularly vulnerable to the risk of product adulteration during transportation and non-compliance with federal regulations, standards and guidelines. Hence, players are aggressively investing in latest technologies such as telematics and remote monitoring to provide safety and convenience during transportation operations, thereby driving the growth of the market. Maritime transportation of pharmaceuticals reduces transportation costs by 80.0% and reduces staffing requirements. Moreover, it saves packaging and storage requirements while reducing the carbon footprint of logistics operations. Increasing use of air cargo logistics for long distance and intercontinental distribution of valuable vaccines and pharmaceuticals is expected to further fuel this growth.

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Prime Competitors
The prominent players in the Pharmaceutical Logistics market include:
UPS (Marken)
Kerry Logistics
Deutsche Post DHL
World Courier
CH Robinson
DB Group
Nippon Express
Kuehne + Nagel
SF Express
Air Canada Cargo

Segmentation on the Basis of Application:

Type Outline:
Non-cold Chain Logistics
Cold Chain Logistics

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Pharmaceutical Logistics Market

2 Market Trends and Competitive Landscape
3 Segmentation of Pharmaceutical Logistics Market by Types
4 Segmentation of Pharmaceutical Logistics Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Pharmaceutical Logistics Market in Major Countries
7 North America Pharmaceutical Logistics Landscape Analysis
8 Europe Pharmaceutical Logistics Landscape Analysis
9 Asia Pacific Pharmaceutical Logistics Landscape Analysis
10 Latin America, Middle East & Africa Pharmaceutical Logistics Landscape Analysis
11 Major Players Profile

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Global Pharmaceutical Logistics market: regional segments
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Columbia)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

?Target Audience:
Pharmaceutical Logistics manufacturers
Distributors and resellers of Pharmaceutical Logistics
Pharmaceutical Logistics industry associations
Product managers, Pharmaceutical Logistics industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Pharmaceutical Logistics potential investors
Pharmaceutical Logistics key stakeholders
Pharmaceutical Logistics end-user sectors
Research and Development (R&D) companies

Key questions answered in the report
What will the market size and growth rate be in 2026?
What segment or region will drive or lead market growth and what are the reasons?
How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
What key strategies are used by top vendors to increase revenue?

About Global Market Monitor
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We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.

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