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 its 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 global pharmaceutical logistics market size was valued at USD 76.4 billion in 2018 and is expected to register a CAGR of 3.5% from 2019 to 2025.
This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Pharmaceutical Logistics Industry, thus enabling future investors to make well-informed decisions.
The Global Pharmaceutical Logistics market is segmented by Manufacturers, Types, Applications, and regions.
The top manufacturers dominating the market are Deutsche Post DHL, Kuehne + Nagel, UPS (Marken), DB Group, FedEx, Nippon Express, World Courier, SF Express, Panalpina, CEVA, Agility, DSV, Kerry Logistics, CH Robinson, VersaCold, and Air Canada Cargo.
In terms of types, the market is divided into Non-cold Chain Logistics and Cold Chain Logistics.
With respect to Applications, the market is split into Bio Pharma, Chemical Pharma, and Specially Pharma.
Geographically, the market spans key regions like North America, Europe and Asia-Pacific, South America, and the Middle East and Africa.
The report provides country-wise analysis of the key regions the market.
North America (USA, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, and Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The Asia Pacific region is expected to grow at a higher rate owing to high economic growth in the emerging economies such as India and China, leading to the formation of new health markets. Moreover, there is growth in the Indian pharmaceutical industry. In order to keep the industry growing at a high rate, the Indian drug manufacturers are determining high standards of goods manufacturing practices.
Increasing demand for the household healthcare products and rising importance of fast track assistance contribute to market growth. Furthermore, the need for decreasing the distribution cost by creating a single source distribution channel is further boosting the demand for pharmaceutical logistics which has advantages of reduced cost and greater visibility.
Large number of companies are entering into merger and acquisition to expand their geographical presence. They are focusing on reducing the overall packaging cost of their products. Also, economic reforms have led to the growth of the global market.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349