The Pharmaceuticals Logistics Market size was valued at USD 85 billion in 2022 and is expected to reach USD 169.36 billion by 2030 and grow at a CAGR of 9% over the forecast period of 2023-2030.
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The pharmaceuticals logistics market plays a crucial role in ensuring the safe and efficient transportation of pharmaceutical products from manufacturers to end-users. With the global pharmaceutical industry witnessing significant growth, the demand for reliable and secure logistics services has never been higher.
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One of the key factors driving the growth of the pharmaceuticals logistics market is the increasing complexity of supply chains. Pharmaceutical products often require specialized handling and storage conditions, such as temperature-controlled environments, to maintain their efficacy. This necessitates the use of advanced logistics solutions that can monitor and regulate temperature, humidity, and other environmental factors throughout the entire supply chain.
Moreover, stringent regulations imposed by regulatory authorities regarding product safety and quality further contribute to the need for robust logistics services. Pharmaceutical companies must comply with various guidelines, including Good Distribution Practices (GDP) and Good Manufacturing Practices (GMP), which mandate strict control over transportation processes. As a result, pharmaceuticals logistics providers must invest in advanced technologies and infrastructure to meet these regulatory requirements.
KEY MARKET SEGMENTS
By Type:
- Cold Chain logistics
- Non-Cold logistics
By Component outlook:
- Storage
- Transportation
- Monitoring Components
Major Players Listed in the Report are as Follows:
Agility, Air Canada, CEVA logistics, DB Schenker, Deutsche Post AG, FedEX, LifeCoEX, Marken, United Parcel Service of America, Inc, VersaCold Logistics Services, Other Players
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