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Pharmaceutical Logistics Market Share

Report ID: GMI8549
Published Date: Mar 2024
Report Format: PDF

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Pharmaceutical Logistics Market Share

UPS and FedEx dominate the market with around 10% of the market share. UPS makes significant investments in cutting-edge technology solutions such as real-time tracking & monitoring systems, IoT sensors, and blockchain-enabled platforms. These investments aim to ensure complete visibility, transparency, and security for pharmaceutical shipments across the supply chain.

FedEx offers thorough training initiatives and certifications for its workforce engaged in pharmaceutical logistics. These programs ensure adherence to industry regulations, proper handling practices, and safety protocols, offering service excellence and dependability.

Pharmaceutical Logistics Market Companies

Major companies operating in the pharmaceutical logistics industry are:

C.H. Robinson
CEVA Logistics
DB Schenker
DHL
DSV Global
FedEx
Kuehne + Nagel
Maersk
Nippon Express
UPS

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of pharmaceutical logistics reached USD 91.4 billion in 2023 and is set to witness 6% CAGR from 2024 to 2032, owing to the rising demand for pharmaceuticals, fueling the need for transporting and storing medications worldwide.

The non-cold chain segment is expected to register 59% share by 2032, due to a large percentage of medications not requiring rigorous temperature control during transit and storage.

North America market is poised to surpass USD 30.5 billion by 2032, attributed to a robust ecosystem of research institutions, pharmaceutical companies, and a high volume of drug development and manufacturing in the region.

C.H. Robinson, CEVA Logistics, DB Schenker, DHL, DSV Global, FedEx, Kuehne + Nagel, Maersk, Nippon Express, and UPS, are some of the major pharmaceutical logistics companies worldwide.