Pharmaceutical Logistics Market Size, Share & Trends Report

Pharmaceutical Logistics Market Size, Share & Trends Analysis Report By Type (Cold Chain Logistics, Non-cold Chain Logistics), By Component (Storage, Transportation, Monitoring Components), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-829-9
  • Number of Pages: 115
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the pharmaceutical logistics market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for pharmaceutical logistics market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of pharmaceutical logistics market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Pharmaceutical Logistics Market Categorization:

The pharmaceutical logistics market was categorized into three segments, namely type (Cold Chain Logistics, Non-cold Chain Logistics), component (Storage, Transportation, Monitoring Components), and region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).

Segment Market Methodology:

The pharmaceutical logistics market was segmented into type, component, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The pharmaceutical logistics market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; China; Japan; India; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Pharmaceutical logistics market companies & financials:

The pharmaceutical logistics market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • FedEx - FedEx, a company based in the U.S., offers a wide range of services, including e-commerce, transportation, and business services. It operates through six main segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, FedEx Office, and FedEx Logistics. The FedEx Express segment provides domestic and international shipping services for package and freight delivery in the U.S. The FedEx Ground segment caters to the small package market across North America, focusing on delivering packages to both residential and business customers. The FedEx Freight segment provides Less Than Truckload (LTL) freight services using two products: FedEx Freight Priority and FedEx Freight Economy. The FedEx Services segment offers a variety of services to companies, including marketing, sales, communications, information technology, technical support, and customer service. The FedEx Office segment offers printing and shipping services to customers. The FedEx Logistics segment provides specialty solutions through its extensive international transportation network. On average, the company ships 18 million packages daily. It utilizes approximately 200,000 motorized vehicles to provide shipping services to its customers and operates around 680 aircraft. The company also has 1,950 express stations, 13 express hubs, 39 ground hubs, over 600 ground operating facilities, and approximately 370 freight service centers worldwide.

  • United Parcel Service, Inc. - United Parcel Service, Inc., a global leader in package delivery, operates in three main areas: International Package, U.S. Domestic Package, and Supply Chain & Freight. It utilizes its subsidiary, ‘UPS Express Critical and Marken’, for critical biopharma and clinical trial shipments. The company’s services span North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, offering a variety of services such as transportation, contract logistics, distribution, ocean freight, air freight, ground freight, and customs brokerage & insurance. With a fleet of over 250 aircraft, around 127,000 ground vehicles including package vans, cars, motorcycles, and tractors, and 58,000 containers for air cargo, UPS ensures efficient delivery. The company caters to nearly 11.8 million customers in over 220 countries worldwide. In 2020, UPS delivered an impressive 24.7 million packages daily, amounting to 6.3 billion packages throughout the year. Furthermore, UPS operates over 1000 distribution facilities globally, providing more than 25 million sq. ft. of distribution and warehouse space in over 120 countries.

  • Agility - Agility is a company that specializes in the construction, management, and leasing of various warehouse types. It offers a range of services, including the transportation, handling, distribution, and customs clearance of goods. The company’s operations are divided into two main segments: logistics & related services and infrastructure. Through its logistics and related services segment, Agility provides a suite of logistics solutions to its clients. These include freight forwarding, contract logistics, transportation, project logistics, and fairs & event logistics. The infrastructure segment offers a variety of other services. These encompass real estate, cargo & lounge management, airplane ground handling & cleaning services, customs operations & management, fuel logistics & waste recycling, and customs consulting. Agility operates in several regions worldwide, including Europe, the Middle East, Asia, America, and Africa. In 2020, the majority of its logistics revenue was generated from the Middle East region. The company is publicly traded and is listed on both the Boursa Kuwait and Dubai Stock Exchange.

  • Air Canada - Air Canada, the largest airline in Canada, provides scheduled passenger services within Canada, between Canada and the U.S., and internationally. Its division, Air Canada Cargo, offers air cargo services. The company’s main clientele consists of large freight forwarding companies and businesses with time-sensitive cargo shipping needs. Air Canada Cargo provides bespoke shipping solutions designed for specific goods and time frames. In 2020, the division began operating flights dedicated solely to cargo, with over 4,000 such flights taking place within the year. The company intends to continue this all-cargo flight operation throughout 2021.

  • Ceva Logistics - CEVA Logistics, a third-party logistics (3PL) company, specializes in the design, implementation, and operation of comprehensive contract logistics and freight management solutions. These services cater to both multinational corporations and small & medium-sized enterprises (SMEs) at local, regional, and global levels. Operating as a subsidiary of the CMA CGM Group, a provider of shipping and logistics services, CEVA Logistics primarily functions through two segments: freight management and contract logistics. The contract logistics segment offers a variety of services, including inbound logistics, outbound/distribution logistics, aftermarket/reverse logistics, and manufacturing support, among others. Furthermore, CEVA Logistics provides a range of solutions for all major healthcare sectors, such as pharmaceuticals & OTC, medical devices & equipment, vaccines & biotech, and medical disposables. These solutions encompass supply chain solutions, freight management, conditioned & cold chain solutions, global transportation services, distribution services & reverse logistics, customs & duty management, and warehousing, among several other services.

  • DB Schenker - DB Schenker, headquartered in Germany, specializes in logistics and mobility solutions. Their services include air and ocean freight, land transport, and contract & lead logistics, along with other specialized solutions. They operate in roughly 2,100 locations worldwide. In the realm of land, air, and ocean freight, DB Schenker has a presence in 430 locations and employs close to 21,500 people. They offer cost-effective and time-optimized services for partial, full, and general loads. They also operate about 1,200 chartered flights annually. For contract logistics, they have around 24,500 employees across 750 locations globally, delivering tailored solutions for trade and industry sectors. DB Schenker was established because of the merger between Deutsche Reichsbahn and Deutsche Bundesbahn. The company operates on three pillars: social, environmental, and economic. In the healthcare logistics sector, DB Schenker caters to various segments including biopharma, pharmaceuticals, animal health, medTech, and consumer health & nutrition.

  • Deutsche Post AG - Deutsche Post AG is a company that offers a broad spectrum of services, including the dispatch of letters & parcels, freight transport, express delivery, e-commerce, and supply chain management solutions. The company is structured into five main divisions: Post & Parcel Germany; Global Forwarding, Freight; Express; Supply Chain; and eCommerce Solutions. The Post & Parcel Germany division offers a variety of products and services, from physical & hybrid letters to merchandise products, catering to both private and business customers. The Express division is responsible for the door-to-door transport of urgent goods and documents. The Global Forwarding, Freight division offers air, land, and ocean freight forwarding services, including multimodal and sector-specific solutions. The Supply Chain division provides contract logistics solutions, helping customers manage their supply chains in over 150 countries. This division also encompasses warehousing and transport, along with other services like Lead Logistics Partner (LLP), e-fulfillment, and real estate solutions. Lastly, the eCommerce Solutions division offers last-mile domestic parcel delivery in the U.S., India, and selected countries in Europe and Asia Pacific.

  • LifeConEx - LifeConEx, a subsidiary of DHL Global Forwarding Inc., specializes in providing logistics services for temperature-sensitive products worldwide. The company was established in 2005 as a joint venture between Lufthansa Cargo and DHL Global Forwarding Inc. LifeConEx offers cold chain monitoring management services, leveraging proprietary technologies and the expertise of its advisors and analysts. The company caters to all temperature ranges, utilizing air, ground, and ocean transportation methods. Its clientele comprises life sciences organizations, testing laboratories, clinical trial enterprises, and companies in the vaccine, diagnostics, medical device, pharmaceutical, biopharmaceutical, and biotechnology sectors.

  • MARKEN - Marken, a fully owned subsidiary of the UPS Healthcare Division, was acquired in 2016 to serve as UPS’s clinical supply chain subsidiary. The company specializes in shipping biological samples and offers direct-to-patient (DTP) and Home Healthcare (HHC) services across 56 global locations, specifically for the storage of clinical trial products. Marken offers flexible supply chain solutions and is capable of shipping materials at all temperature ranges directly to depots, investigator sites, and even patients’ homes. Furthermore, Marken provides shipment tracking systems, allowing customers to monitor the progress of their shipments.

  • VersaCold Logistics Services - VersaCold Logistics Services, a Canadian company, provides comprehensive supply chain solutions with a special emphasis on temperature-sensitive products. Their services encompass warehouse services, 3PL, transportation services, 4PL, distribution services, and cross-border services, catering to a wide range of clients including manufacturers, retailers, cold store product distributors, and the food service industry. They have developed a unique Power2 (P2) Warehouse Management System (WMS) that facilitates inventory control & management, product rotation, and order detail tracking based on customer needs. The company has also recently invested USD 28 million in enhancing its Transportation Management Software (TMS), Warehouse Management Software (WMS), and Labour Management Software (LMS), and integrating these platforms with their ERP systems. VersaCold Logistics Services is committed to growth through inorganic strategies such as mergers and acquisitions, continually expanding its range of services.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Pharmaceutical Logistics Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Pharmaceutical Logistics Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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