Digital Transformation to Offer Opportunity for Pharmaceutical Logistics Companies, Pharma Logistics Market to Witness $54 Billion Opportunity in the Next 6 Years – Arizton

According to Arizton’s latest research report, the global pharmaceutical logistics market will grow with an estimated CAGR of 7.96% during the forecast period. 

The report considers the present scenario of the pharmaceutical logistics market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market. 

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Increased usage of logistics optimization tools, AI, IoT, and intelligent logistics platforms are likely to contribute to the future growth of the pharmaceutical logistics market. North America region accounts for the highest revenue share of 38.70% in the global pharmaceutical logistics market in 2021 and holds the presence of most pharmaceutical suppliers. The US is the leading country worldwide with the highest share of pharmaceuticals. About five top pharmaceutical companies in 2020 were from the US. In the US, branded drugs accounted for around 83.9% of spending. In 2020, about 8.1% of worldwide drug and medicine shipments originated from North America. 

Cold chain logistics companies have made a huge footprint since the onset of the COVID-19 pandemic due to the growing demand for temperature-controlled biologics, especially vaccines. Since the beginning of 2020, adopting state-of-the-art technologies such as telematics and remote monitoring in cold chain logistics is making transportation in the pharmaceutical industry more efficient with better safety and connectivity. On average, a drug manufacturer can expect a damage rate of around 30% owing to the logistics constraints associated with a pharmaceutical product. Around 25% of vaccines that reach their destination deteriorate due to incorrect shipping, while around 20% of temperature-sensitive drugs experience broken cold chains. As a result, pharma & biotech companies are utilizing logistics from expert logistic providers who can seamlessly deliver drugs across the supply chain, thereby contributing to the market's overall growth. Third-party logistics companies are utilizing cloud computing solutions and installing IoT devices in refrigerated trucks and containers to facilitate real-time remote temperature monitoring while transporting temperature-sensitive drugs and vaccines. 

Why Should You Buy this Research Report?  

• In-depth data and analysis of the global pharmaceutical logistics market's growth over the ensuing six years. 
• Global pharmaceutical logistics extensions market size estimation and contribution in the market. 
• Predictions on upcoming trends and changes in consumer behavior. 
• Analysis of the market's competitive environment and exhaustive vendor information. 
• Detailed information on the variables posing challenges to vendors in the global pharmaceutical logistics market. 

Vendors Insights  

AmerisourceBergen, CEVA Logistics, Deutsch Post DHL, FedEx, Kuehne + Nagel, DB Schenker, and UPS are the key vendors in the pharmaceutical logistics market. These companies have a broad geographical footprint, a strong focus on innovation in logistics, and a diversified service portfolio. Upcoming new advanced technologies and increased demand for personalized medicines provide lucrative opportunities for stakeholders to take the companies to the next level. Technologies such as data mining, mobile cloud, time analytics, and blockchain are expected to create better app interfaces and cloud infrastructure, which will provide better growth opportunities in the post-pandemic pharmaceutical logistics market. 

In addition to technological advances, companies invest in inorganic growth methods such as acquisitions. For instance, on June 2, 2021, the leading company, AmerisourceBergen, completed the acquisition of most of Walgreens Boots Alliance’s Alliance Healthcare businesses for USD 6.27 billion cash which will help the company expand its reach and solutions in pharmaceutical distribution. Similarly, In August 2021, the leading company Deutsche Post DHL Group signed an agreement to acquire 100% of J.F. Hillebrand Group and its subsidiaries. 

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Key Vendors 

• AmerisourceBergen 
• CEVA Logistics 
• DB Group 
• Deutsche Post DHL 
• FedEx 
• Kuehne + Nagel 
• United Parcel Service 
• ABS Logistics 
• AWL India 
• Alloga 
• BOLLORÉ LOGISTICS 
• Cardinal Health 
• C.H. Robinson 
• Cold Chain Technologies 
• CRYOPDP 
• DPD 
• DSV 
• Farmasoft 
• Jeena & Company 
• Lufthansa Cargo 
• Maersk 
• Medline 
• Nippon Express 
• Noatum Logistics 
• Owens & Minor 
• Oximio 
• Pharma Logistics 
• PHOENIX Group 
• Parexel International 
• SEKO Logistics 
• Singapore Post 
• SINOTRANS 
• XPO Logistics 
• Yourway 
• YUSEN LOGISTICS 

Market Segmentation 

• Therapy Area: Communicable Diseases, Oncology, Diabetes, Cardiovascular Diseases, Autoimmune Diseases, Neurological Disorders, Pain Management, Respiratory Diseases, Others 
• Origin: Branded Drugs, Generic Drugs, and OTC 
• Product: Small Molecule Drugs and Biologics 
• Function: Transportation, Warehousing, and Others 
• Geography: North America, Europe, APAC, Latin America, and the Middle East & Africa  

Key Questions Answered in the Report 

• How big is the pharmaceutical logistics market? 
• What is the pharmaceutical logistics market growth? 
• What are the trends in the global pharmaceutical logistics market? 
• Which region holds the largest pharmaceutical logistics market share globally? 
• Which are the leading companies in the global pharmaceutical logistics market? 
• What is the leading product in the pharmaceutical logistics market? 

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Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/pharmaceutical-logistics-market?details=tableOfContents 

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