Pharmaceutical drugs and biologics
logistics' covers the physical movement of pharmaceutical and biologic drugs
from the manufacturer to the end-user. It includes the transportation,
warehousing, inventory management and other logistics functions. The market
consists of those pharmaceutical drugs and biologics logistics that are
outsourced to logistics companies instead of handled in-house by the
pharmaceutical companies.
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The global pharma logistics
market grew at a compound annual growth rate (CAGR) of 3.28% in 2017 and is
expected to grow at a CAGR of more than 4.5% by 2021. This growth can be
attributed to factors such as growing demand for and supply of
temperature-sensitive products, global economic growth, timely reliability and
reduced warehousing costs, and other such reasons mentioned in the report along
with restrains that might affect the market growth in each geography.
North America’s pharmaceutical
logistics market is the largest in the world. It currently accounts for almost
40% of the global logistics market. The pharmaceutical logistics market is
highly consolidated in North America owing to the presence of international and
national logistics firms. Some major competitors in the pharmaceutical
logistics market such as UPS and FedEx are headquartered in North America. The
market is the largest in the world owing to the largest shares of North America
in the pharmaceutical drugs and biologics markets.
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North America’s pharmaceutical
drugs and biologics logistics market grew at a compound annual growth rate
(CAGR) of 1.77%. The below-global average growth in the historic period can be
attributed to pharmaceutical logistics being well-established in countries of
this region. The market faces few distribution chain issues in recent times in
the region. Also market is expected to grow at a compound annual growth rate
(CAGR) of 3.57%. The growth in the forecast period is higher than that of the historic
period which can be attributed to the presence of top pharmaceutical companies
in this region and the growing demand for biologics, which require
temperature-controlled transportation.
The USA emerged as the largest
share-holding country in North America for the logistics industry, with a
market size of about $21 billion in 2017. Air transportation was the largest segment in the pharmaceutical drugs
and biologics logistics market accounting for 77.5% of the market.
Service providers included in the report are Deutsche Post
DHL, FedEx Corporation, Panalpina World Transport, UPS, Kuehne + Nagel and DB Schenker.
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