Logistics deals with procurement, planning, and implementation of activities in the forward and reverse chain of organizations. The pharmaceutical industry uses logistics for the storage and transportation of pharmaceuticals to end users. The use of logistics ensures a continuous supply of drugs, equipment, and devices to suppliers and distributors in different locations. Outsourcing logistics is cost-effective and helps an organization focus on core activities.
Technavio's analysts forecast the pharmaceutical logistic market in North America to grow at a Compound Annual Growth Rate of 8.38% in terms of revenue over the period 2014-2019.
This report, "Pharmaceutical Logistics Market in North America 2015-2019," covers the present scenario and the growth prospects of the pharmaceutical logistics market in North America for the period 2015-2019. To calculate the market size, it considers revenue generated by third-party logistics service providers.
Technavio's report was prepared based on an in-depth market analysis with inputs from industry experts. The report covers the pharmaceutical logistics market landscape in North America and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market, which include CEVA Logistics, DB Schenker, FedEx, Kuehne and Nagel, and United Parcel Service of America.
Market drivers, challenges, trends, and opportunities and are also discussed in the report, available through Reportlinker.