Market Size of North America Pharmaceutical Logistics Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 3.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Pharmaceutical Logistics Market Analysis
The North American Pharmaceutical Logistics Market is expected to witness a CAGR of around 3% during the forecast period.
- The whole US pharmaceutical supply chain for medication development and production is connected by North America. The platform for the event covers APIs, contract services, the manufacture of bespoke chemicals, pharmaceutical packaging, machinery, biopharmaceuticals, final dosages, and formulations.
- Manufacturing pharmaceutical medications to diagnose, cure, treat, or prevent diseases is how the pharmaceutical sector is best recognized. The pharmaceutical industry is a sizable one, with a global market worth more than one trillion dollars - Pfizer, Merck, and Johnson & Johnson from the United States, Novartis and Roche from Switzerland, Sanofi from France, and others are the most well-known top global pharmaceutical corporations. The pharmaceutical logistics business is growing quickly due to the rising global demand for pharmaceutical medications. One of the major worldwide submarkets for pharmaceuticals is found in North America and Europe.
- Travel restrictions, quarantines, and aircraft cancellations were brought on by the COVID-19 pandemic. The protracted lockdown hindered logistics operations across the world and affected the supply chain. Contrary to large companies that were faltering as a result of the pandemic, sectors including pharmaceuticals, e-commerce, and necessities saw development. E-commerce and internet services expanded, enhancing the B2B logistics sector. Drugs and equipment were imported and exported widely during the pandemic, which supported the market's expansion.
North America Pharmaceutical Logistics Industry Segmentation
Pharmaceutical logistics entails the procedures and actions of the product acquisition, storage, inventory control, and transportation while ensuring consistency in medicine quality throughout inventory control and delivery.
The North American Pharmaceutical Logistics market is segmented by Product (Generic Drugs and Branded Drugs), Mode of Operation (Cold Chain Transport and Non-Cold Chain Transport), Application (Bio Pharma, Chemical Pharma, and Specialized Pharma), Mode of Transport (Air Shipping, Rail Shipping, Road Shipping, and Sea Shipping), and Geography (United States, Canada, and Mexico). The report offers the market size and forecasts in value (USD billion) for all the above segments.
By Product | |
Generic Drugs | |
Branded Drugs |
By Mode of Operation | |
Cold Chain Transport | |
Non-Cold Chain Transport |
By Application | |
Bio Pharma | |
Chemical Pharma | |
Specialized Pharma |
By Mode of Transport | |
Air Shipping | |
Rail Shipping | |
Road Shipping | |
Sea Shipping |
By Country | |
United States | |
Canada | |
Mexico |
North America Pharmaceutical Logistics Market Size Summary
The North American pharmaceutical logistics market is a crucial component of the global pharmaceutical supply chain, connecting various elements such as APIs, contract services, and biopharmaceuticals. This market is experiencing growth driven by the increasing global demand for pharmaceutical medications. North America, particularly the United States, plays a significant role in the global pharmaceutical industry, with major companies like Pfizer, Merck, and Johnson & Johnson leading the market. The COVID-19 pandemic initially disrupted logistics operations, but sectors like pharmaceuticals and e-commerce saw growth as they adapted to new demands. The US pharmaceutical market is robust, supported by strong production and sales, and is expected to continue expanding due to factors like an aging population and ongoing immunization campaigns.
The pharmaceutical logistics market in North America is characterized by a fragmented and competitive landscape, with numerous players such as Deutsche Post DHL, FedEx, and Kuehne + Nagel International AG. The demand for logistics service providers has risen alongside pharmaceutical sales, and this trend is anticipated to continue. Recent strategic acquisitions, such as GlaxoSmithKline's purchase of Sierra Oncology and Biohaven Pharmaceutical's acquisition of Channel Biosciences, highlight the dynamic nature of the market. Investments in expanding logistics capabilities, like DHL's development of its Life Sciences & Healthcare Campus, further underscore the market's growth potential. These developments indicate a promising outlook for the pharmaceutical logistics sector in North America.
North America Pharmaceutical Logistics Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Pharmaceutical Value Chain / Supply Chain Analysis
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1.3 Technological Trends
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1.4 Investment Scenarios
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1.5 Government Regulations and Initiatives
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1.6 Insights on 3PL market in North America (Market Size and Forecast)
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1.7 Impact of Covid-19 on Pharmaceutical Logistics Market
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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 Mode of 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 Bio Pharma
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2.3.2 Chemical Pharma
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2.3.3 Specialized Pharma
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2.4 By Mode of Transport
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2.4.1 Air Shipping
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2.4.2 Rail Shipping
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2.4.3 Road Shipping
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2.4.4 Sea Shipping
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2.5 By Country
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2.5.1 United States
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2.5.2 Canada
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2.5.3 Mexico
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North America Pharmaceutical Logistics Market Size FAQs
What is the current North America Pharmaceutical Logistics Market size?
The North America Pharmaceutical Logistics Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in North America Pharmaceutical Logistics Market?
Deutsche Post DHL, FedEx, Kuehne + Nagel International AG, United Parcel Service and C. H. Robinson are the major companies operating in the North America Pharmaceutical Logistics Market.