China Pharmaceutical Warehousing Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 13.25 Billion |
| Market Size (2029) | USD 19.62 Billion |
| CAGR (2024 - 2029) | 8.16 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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China Pharmaceutical Warehousing Market Analysis
The China Pharmaceutical Warehousing Market size is estimated at USD 13.25 billion in 2024, and is expected to reach USD 19.62 billion by 2029, growing at a CAGR of 8.16% during the forecast period (2024-2029).
The market is seeing the emergence of new technologies such as the Internet of Things (IoT), blockchain, and data analytics to improve visibility, traceability, and overall supply chain performance.
Pharmaceutical warehousing in China is vital to China’s rapidly expanding healthcare and pharmaceutical industry. As the country’s healthcare market continues to grow and pharmaceutical demand continues to grow, the need for efficient warehousing, distribution, and supply chain management has become increasingly important.
China’s rapidly expanding healthcare sector paved the way for China’s transformation from a pharmaceutical manufacturing base into a strategic research and development (R&D) center. As a result of this transformation, China established itself as a key player in the international pharmaceutical market, not only as a consumer market but also as a platform for advancing R&D.
The market’s development is dependent on several factors, including an increase in the outsourcing of pharmaceutical warehousing and a heightened emphasis on product sensitivity and quality in the pharmaceutical industry. It also includes automation in warehouses to improve productivity and accuracy.
In June 2023, the FDA was planning to let online pharmacies sell prescription drugs, which could open up the market for e-commerce platforms like Alibaba and JD. There's been talk of a new policy since the middle of last year, and if it's approved, it could open up a huge market worth over CNY 1 trillion (about USD 161 billion) as sales move away from hospitals and online pharmacies. It could also help reform a market that's been dominated by state-run hospitals and distributors.
China Pharmaceutical Warehousing Market Trends
Increase In Population is driving the market
In 2022, China had a population of over 1.43 billion. The healthcare sector in China is one of the biggest and fastest-growing industries in China. The increasing demand for high-quality healthcare and services led to rapid growth in various healthcare sectors. Improving health outcomes is one of the top priorities of the Chinese government for many years. The government currently needs to address major challenges, including an aging population and uneven access to healthcare across different regions. To address these challenges, the government will need to invest heavily in expanding and enhancing healthcare resources and capacities. It presents huge growth opportunities for domestic and foreign companies.
The policy programs outlined in China's 14th Five-Year Plan and the Healthy China 2030 initiative both emphasize the significance of healthcare reforms, including the reduction of inequalities in insurance coverage ranges and the enhancement of public services. Reform initiatives within the industry also focus on expanding access to medicinal products, making them more accessible. It provided silver economy products to meet the needs of China's aging population.
China is the world’s second-largest medical device market after the United States. Over the next decade, China’s government will continue to expand healthcare budgets as the country’s aging and growing population strains healthcare systems and infrastructure. These are the main reasons for the growth of the warehousing market.
Technological Advancement is driving the market
Artificial intelligence and the Internet of Things (IoT) are enabling automated cold chain technologies to progressively become more intelligent and automated. For instance, IoT sensors can be used to monitor and track food in real-time, thus enhancing quality and safety. Cold supply chain management is undergoing a period of rapid growth due to the emergence of intelligent, information-driven, and digitized technologies. The Internet of Things (IoT) and big data analysis are both contributing to the improvement of cold chain logistics efficiency and quality. An example of this is the establishment of a smart cold supply chain management (CSCM) platform for a leading Chinese food enterprise (Jingdong Logistics) in 2022.
This platform enabled the Chinese food enterprise to effectively monitor its products from start to finish and allocate delivery vehicles accordingly. Additionally, automation is being employed in the supply of fresh food, medicinal products, and express delivery services. For instance, the leading Chinese unmanned instant delivery platform, Dada Group (Dada Group), launched its unmanned delivery Open Platform (Dada) in 2021. This platform utilizes unmanned vehicles to facilitate the logistics services of supermarkets to consumers.
China Pharmaceutical Warehousing Industry Overview
China’s pharmaceutical warehousing market is one of the most competitive and fastest-growing in the world. It is due to the country’s growing healthcare sector, growing pharmaceutical manufacturing, and changing distribution strategies. As the pharmaceutical industry in China continues to grow, companies that can provide seamless warehousing, effective distribution, and cutting-edge solutions will gain a competitive advantage in this highly competitive market. The market is highly fragmented, with many local and International players operating in the market, such as Sinopharm Logistics, DHL, CJ Rokin Logistics, etc.
China Pharmaceutical Warehousing Market Leaders
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Sinopharm Logistics
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S F Express
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DHL
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Kerry Logistics
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Yunda Holdings
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CJ Rokin Logistics
*Disclaimer: Major Players sorted in no particular order
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China Pharmaceutical Warehousing Market News
- July 2023: JD set up a warehouse in the Shenyang area of Liaoning to handle the growing demand for pharmaceutical products. It's 10,000 sq m and offers 3PL (3rd party logistics) services for medicine, medical equipment, and medical supplies. It's got different temperature levels for different drugs, like cool, room, fridge, and frozen.
- October 2022: China donated a high-tech pharmaceutical warehouse worth USD 1 million to the government of Zimbabwe. It is to increase the country’s drug storage capacity and enhance its healthcare delivery system.
China Pharmaceutical WarehousingMarket Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview (Current Market Scenario of Market and Economy)
- 4.2 Government Regulations and Initiatives
- 4.3 Technological Trends
- 4.4 Impact of Covid-19 on the market
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4.5 Market Dynamics
- 4.5.1 Market Drivers
- 4.5.1.1 Rapidly Expanding Pharmaceutical Industry
- 4.5.1.2 Population Growth is one of the main drivers for the warehousing market
- 4.5.2 Market Restraints/ Challenges
- 4.5.2.1 Supply Chain Disruptions
- 4.5.2.2 Temperature Controlled and Cold Chain Management
- 4.5.3 Market Opportunities
- 4.5.3.1 Technological Innovations
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4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Powers of Buyers/Consumers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 BY Type
- 5.1.1 Cold Chain Warehouse
- 5.1.2 Non-Cold Chain Warehouse
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5.2 By Application
- 5.2.1 Pharmaceutical Factory
- 5.2.2 Pharmacy
- 5.2.3 Hospital
- 5.2.4 Others
6. COMPETITIVE LANDSCAPE
7. Overview (Market Concentration and Major Players)
8. Company Profiles
- 8.1 Sinopharm Logistics
- 8.2 SF Express
- 8.3 Kerry Logistics
- 8.4 Yunda Holding
- 8.5 CJ Rokin Logistics
- 8.6 DHL Supply Chain
- 8.7 DB Schenker
- 8.8 Nippon Express
- 8.9 Yamato Holdings
- 8.10 CJ Rokin Logistics
- 8.11 SF Express
- 8.12 JD Logistics*
9. *List Not Exhaustive
10. MARKET OPPORTUNITIES AND FUTURE OF THE MARKET
11. APPENDIX
12. DISCLAIMER
China Pharmaceutical Warehousing Industry Segmentation
Pharmaceutical warehousing refers to the systematic storing of medicinal products and related items. Pharmaceutical warehousing is used in the pharmaceutical industry to store active ingredients and other volatile substances that need to be stored in a controlled environment in order to be safe and effective.
The report provides a comprehensive background analysis of the China Pharmaceutical Warehousing Market market. It covers the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. Additionally, the COVID-19 impact is incorporated and considered during the study. The China Pharmaceutical Warehousing Market is segmented By type (cold chain warehouses and non-cold chain warehouses) and application (pharmaceutical factory, pharmacy, hospital, and others). The report offers market size and forecasts for the China Pharmaceutical Warehousing Market in value (USD) for all the above segments.
| BY Type | Cold Chain Warehouse |
| Non-Cold Chain Warehouse | |
| By Application | Pharmaceutical Factory |
| Pharmacy | |
| Hospital | |
| Others |
China Pharmaceutical WarehousingMarket Research FAQs
How big is the China Pharmaceutical Warehousing Market?
The China Pharmaceutical Warehousing Market size is expected to reach USD 13.25 billion in 2024 and grow at a CAGR of 8.16% to reach USD 19.62 billion by 2029.
What is the current China Pharmaceutical Warehousing Market size?
In 2024, the China Pharmaceutical Warehousing Market size is expected to reach USD 13.25 billion.
Who are the key players in China Pharmaceutical Warehousing Market?
Sinopharm Logistics, S F Express, DHL, Kerry Logistics, Yunda Holdings and CJ Rokin Logistics are the major companies operating in the China Pharmaceutical Warehousing Market.
What years does this China Pharmaceutical Warehousing Market cover, and what was the market size in 2023?
In 2023, the China Pharmaceutical Warehousing Market size was estimated at USD 12.25 billion. The report covers the China Pharmaceutical Warehousing Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Pharmaceutical Warehousing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Pharmaceutical WarehousingIndustry Report
Statistics for the 2024 China Pharmaceutical Warehousing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Pharmaceutical Warehousing analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
