Expected to drive market expansion in the near future at a CAGR of 9.50% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Pharmaceutical Logistics Market” that contains information from 2018 to 2032. 

Pharmaceutical Logistics Market Highlights

The global pharmaceutical logistics market is accounted to register a CAGR of 9.50% during the forecast period and is estimated to reach USD 190.6 billion by 2032.

Pharmaceutical logistics is the coordination of information flow, material handling, manufacture, packaging, inventory, and chain management of prescription drugs. The two primary kinds of pharmaceutical logistics are cold chain logistics and non-cold chain logistics. "Cold chain logistics" refers to the tools and practices used for the safe movement of temperature-sensitive goods along the supply chain. Monitoring, storage, and transportation components are included in many aspects of pharmaceutical logistics.

The rising demand for over-the-counter (OTC) medications such as vitamins, minerals, and supplements (VMS), treatments for the common cold and cough, medications for the gastrointestinal tract, and dermatology products is another factor contributing to the market's expansion. The market for pharmaceutical logistics is also being driven by the escalating relevance of fast-track assistance in the healthcare industry. The need for pharmaceutical logistics is also increased by the creation of a single source distribution channel that lowers the cost of distribution.

Key players:

MRFR recognizes the following companies as the key players in the global pharmaceutical logistics market— Agility, Air Canada, CEVA Logistics, DB Schenker, Deutsche Post AG, FedEx, LifeConEx, Marken, United Parcel Service of America, Inc., VersaCold Logistics Services.

Segment Analysis

The global pharmaceutical logistics market has been segmented based type and component.

On the basis of type, the market is segmented into cold chain logistics, and non-cold chain logistics. The cold chain logistics segment was attributed to holding the largest market share in 2022.

Based on component, the global pharmaceutical logistics Market has been segmented into storage, transportation and monitoring components. The storage segment was expected to hold the largest market share in 2022.

Regional Analysis

The global pharmaceutical logistics market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe pharmaceutical logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The pharmaceutical logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World pharmaceutical logistics market comprises of Middle East, Africa, and Latin America.

In 2022, Europe held a market share of over 9.50% and is predicted to continue to rise quickly. The significant growth in the trade of pharmaceutical items among important European nations is the cause of the high market share. The majority of these nations are Germany, the U.K., France, the Nordic nations, and others. Also, increasing local production and demand for various pharmaceutical product categories, such as OTC medications, has further assisted the market in gaining a sizable market share.

Moreover, due to the booming economies of emerging nations like China and India, the Asia-Pacific area is predicted to grow at the quickest rate. The Asia Pacific market for pharmaceutical logistics is anticipated to grow as a result of the high demand for OTC medications among a sizable population. Also, the pharmaceutical sector is moving its production and sales facilities across the globe. Market participants are spotting profitable potential in South America's and Asia's emerging economies, which is projected to fuel market expansion in these areas.

Additionally, North America is home to some of the world's largest pharmaceutical companies, and the region has a highly developed healthcare infrastructure. The pharmaceutical industry in the region is highly advanced and innovative, with a significant focus on research and development. This has resulted in a high demand for efficient and reliable pharmaceutical logistics services to ensure the safe and timely delivery of pharmaceutical products.

Furthermore, the rest of the world's pharmaceutical logistics market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's increasing prevalence of chronic diseases, rising healthcare expenditure, and the growth of the e-commerce industry.Key Findings of the Study

• The global pharmaceutical logistics market is expected to reach USD 190.6 billion by 2032, at a CAGR of 9.50% during the forecast period.


• The North America region accounted for the fastest-growing global market due to the substantial growth in pharmaceutical products’ trades across key European countries.


• Based on type, the cold chain logistics segment was attributed to holding the largest market in 2022, with an approximate market share of 60.54%.


• Agility, Air Canada, CEVA Logistics, DB Schenker, Deutsche Post AG, FedEx, LifeConEx, Marken, United Parcel Service of America, Inc., VersaCold Logistics Services