Pharmaceutical Logistics Market Shows Fragmentation

As products evolve, international and domestic companies, cold chain and cloud-based supply chain functions are all part of a more complex market.

As products evolve, international and domestic companies, cold chain and cloud-based supply chain functions all work to serve more complex market needs.
As products evolve, international and domestic companies, cold chain and cloud-based supply chain functions all work to serve more complex market needs.

Although pharmaceutical product evolution offers patients and the healthcare community advanced treatment options, it also adds complexity for logistics and supply chain functions.

That is evident in Pharmaceutical Logistics Market in North America 2018-2022, a new Research And Markets report.

A report analyst says, “The latest trend gaining momentum in the market is [an] increasing number of consolidations. The pharma logistics market is highly fragmented and several large pharmaceutical logistics companies are entering into consolidation to extend their geographical presence and proprietary knowledge. Large firms acquire new technologies and expertise, while providing the smaller vendors with adequate financial and infrastructural support.”According to the report, one of the major drivers for this market is increasing adoption of sea-based pharmaceutical logistics. Behind this move are rising air freight rates and cold chain security in air freight, causing pharmaceutical companies to adopt alternative transportation routes such as land and ocean.

Research And Markets says the pharmaceutical logistics market in North America “is significantly fragmented due to the presence of several international and regional pharmaceutical logistics companies. The companies are competing intensely to offer secured supply chain functions and cloud-based supply chain solutions. The continuous evolution of pharmaceutical products is encouraging the manufacturers to focus on enhancing their product portfolio.”

It segments the North American pharmaceutical logistics market into cold chain and non-cold chain segments, noting that the non-cold chain is more widely used and is expected to have a higher market share during the forecast period of 2018-2022. In all, the analysts forecast the pharmaceutical logistics market in North America to grow at a CAGR of 4.51% during this time period. The report is divided into U.S., Canada and Mexico geographically, prepared based on in-depth market analysis with inputs from industry experts.

Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report
Researched List: Blister Machines for Life Sciences
Need a blister machine for life sciences packaging? Our curated list features companies serving pharmaceutical, medical device, nutraceutical, and cosmetic industries. Download to access company names, locations, machine specifications, descriptions, and more.
Download Now
Researched List: Blister Machines for Life Sciences