Market Size of Europe Pharmaceutical Logistics Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 86.89 Billion |
Market Size (2029) | USD 105.31 Billion |
CAGR (2024 - 2029) | 3.92 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Pharmaceutical Logistics Market Analysis
The Europe Pharmaceutical Logistics Market size is estimated at USD 86.89 billion in 2024, and is expected to reach USD 105.31 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).
The demand for pharmaceutical logistics in Europe is mainly driven by the increasing demand for drugs and vaccines, fueled by the COVID-19 pandemic and increasing investments by leading pharmaceutical firms. In order to restore economic growth in Europe and ensure the continued competitiveness of an increasingly competitive world economy, the R&D pharmaceutical sector plays a vital role. Europe invested EUR 44,500 million (USD 48,434 million) in research and development in 2022. It also directly employs about 865,000 people and indirectly generates about three times as many jobs as it now does, upstream and downstream.
Increasing demand for cellular therapies, vaccines, and blood products in the pharmaceutical industry is driving the growth of the region's pharmaceutical logistics market. The increase in demand for reverse logistics in the pharmaceutical sector, the rise in demand for temperature-sensitive pharmaceutical drugs, and the increase in the use of RFID technologies for pharmaceutical logistics are upcoming trends in the European pharmaceutical logistics market.
The growing pharmaceutical sales are expected to propel the growth of the healthcare logistics market. Increasing sales of pharmaceuticals are expected to boost the demand for logistics as the pharmaceutical products or drugs should be stored and transported to pharmacies, drug stores, and others, thus increasing the demand for transportation or healthcare logistics.
Europe Pharmaceutical Logistics Industry Segmentation
Pharmaceutical logistics is related to the handling, transport, and chain management of multiple and varied products that require specific standards in their logistic treatment. Pharmaceutical products range from medicines and all their typologies, healthcare products, and medical and surgical instruments to cosmetic and perfume products, raw materials, biotechnological materials, and biopharmaceuticals.
A complete background analysis of the European pharmaceutical logistics market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the segments, market dynamics, geographical trends, and COVID-19 impact, is covered in the report.
The European pharmaceutical logistics market is segmented by product (generic drugs and branded drugs), operation (cold chain transport and non-cold chain transport), application (biopharma and chemical pharma), transport (airways, railways, roadways, and seaways), and geography (Germany, the United Kingdom, the Netherlands, France, Italy, Spain, Poland, Belgium, Sweden, and Rest of Europe). The report offers market sizes and forecasts for all the above segments in value (USD).
By Product | |
Generic Drugs | |
Branded Drugs |
By Operation | |
Cold Chain Transport | |
Non-cold Chain Transport |
By Application | |
Biopharma | |
Chemical Pharma |
By Transportation | |
Airways | |
Railways | |
Roadways | |
Seaways |
By Geography | |
Germany | |
United Kingdom | |
The Netherlands | |
France | |
Italy | |
Spain | |
Poland | |
Belgium | |
Sweden | |
Rest of Europe |
Europe Pharmaceutical Logistics Market Size Summary
The European pharmaceutical logistics market is poised for significant growth, driven by the increasing demand for drugs and vaccines, particularly in the wake of the COVID-19 pandemic. This demand is further bolstered by substantial investments from leading pharmaceutical companies and the critical role of the R&D sector in restoring economic growth and maintaining competitiveness in the global economy. The market is characterized by a rising need for cellular therapies, vaccines, and blood products, which are propelling the growth of logistics services in the region. Additionally, the demand for temperature-sensitive pharmaceutical drugs and the adoption of RFID technologies are emerging trends that are shaping the market landscape. The healthcare logistics sector is expected to expand as pharmaceutical sales increase, necessitating efficient storage and transportation solutions to pharmacies and drug stores.
Germany stands out as the largest pharmaceutical market in Europe, with a robust infrastructure supporting pharmaceutical production and a skilled labor force that enables the development of complex products like biosimilars. The country's strategic position is further enhanced by its significant export and import activities in the pharmaceutical sector. The European pharmaceutical logistics market is highly competitive and fragmented, with both regional and international players such as DHL Supply Chain, FedEx, and Kuehne + Nagel International AG leading the charge. These companies are leveraging advanced technologies like automation, AI, and blockchain to enhance supply chain efficiency and reduce costs. Recent developments, such as Nippon Express obtaining CEIV Pharma certification and UPS Healthcare launching new reverse logistics services, highlight the ongoing efforts to meet the evolving needs of the pharmaceutical logistics sector in Europe.
Europe Pharmaceutical Logistics Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Government Regulations and Initiatives
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1.3 Technological Trends in the Industry
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1.4 Impact of COVID-19 on the Market
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1.5 Value Chain / Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Generic Drugs
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2.1.2 Branded Drugs
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2.2 By Operation
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2.2.1 Cold Chain Transport
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2.2.2 Non-cold Chain Transport
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2.3 By Application
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2.3.1 Biopharma
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2.3.2 Chemical Pharma
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2.4 By Transportation
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2.4.1 Airways
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2.4.2 Railways
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2.4.3 Roadways
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2.4.4 Seaways
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2.5 By Geography
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2.5.1 Germany
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2.5.2 United Kingdom
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2.5.3 The Netherlands
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2.5.4 France
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2.5.5 Italy
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2.5.6 Spain
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2.5.7 Poland
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2.5.8 Belgium
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2.5.9 Sweden
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2.5.10 Rest of Europe
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Europe Pharmaceutical Logistics Market Size FAQs
How big is the Europe Pharmaceutical Logistics Market?
The Europe Pharmaceutical Logistics Market size is expected to reach USD 86.89 billion in 2024 and grow at a CAGR of 3.92% to reach USD 105.31 billion by 2029.
What is the current Europe Pharmaceutical Logistics Market size?
In 2024, the Europe Pharmaceutical Logistics Market size is expected to reach USD 86.89 billion.