Spain Pharmaceutical Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Pharmaceutical Logistics Market Analysis
The Spain Pharmaceutical Logistics Market is valued at USD 3.5 Billion and is expected to register a CAGR of more than 6% during the forecast period.
- 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. The COVID-19 pandemic increased the trade of conventional and over-the-counter (OTC) drugs in Europe. Enhancement in the production rate of biologics, hormone medications, vaccines, complex proteins, and temperature-specific byproducts requiring cold chain shipment also witnessed significant growth in the European pharmaceutical logistics market. There is a strong and competitive pharmaceutical industry in Europe.
- The pharmaceutical business is likewise highly productive, with a gross value added per employee that exceeds the norm for the Spanish economy and the manufacturing industry as a whole. This high productivity is due to several factors, including (i) a high proportion of qualified personnel, with 62% of its employees holding higher degrees (the average for Spain is 45%); (ii) the valuable leverage provided by the sector's extensive investment in R&D; and (iii) a significant share of large companies, with the sector having the second highest percentage of companies with over 250 employees (18% compared to 1% for the economy as a whole).
- Moreover, 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
Spain Pharmaceutical Logistics Market Trends
Increase in Pharmaceutical Sales
When transporting temperature-sensitive medicines like vaccines, capsules, and tablets, it's critical to protect them from shocks, jostling, harsh handling, bad weather, and other uncontrollable circumstances while maintaining a consistent temperature range. As a result, pharmaceutical, biotech, and medical device businesses must assure the stability, adequate packing, and proper delivery of their products.
Pharmaceutical companies are increasingly concerned with product quality and sensitivity. Factors such as the creation of complicated biological-based medications and the dispatch of hormone therapies, vaccinations, and complex proteins necessitate specialized transportation and warehousing. Temperature-controlled transportation of pharmaceuticals and medical devices is a rapidly expanding segment of the healthcare logistics sector.
Furthermore, the pharmaceutical industry's cold chain supply chain and logistics are becoming more strategic and dependable. These high-value pharmaceutical items are generally supplied via cold chain solutions throughout the whole distribution network, fueling the market growth.
Although Spain's pharmaceutical industry is the fifth largest in the eurozone, after Germany, France, Belgium, and Italy, its relative weight in the national economy (0.6% of GVA) is close to but below the eurozone average (0.7%), as shown in the chart below, and it is far from the outstanding cases of Belgium (2.5%) and Slovenia (2.9%), both of which benefit from head offices being located in their respective countries.
Increasing Popularity of Online Pharmacies to Support the Market Growth
In recent years, online pharmacies have grown in popularity due to the rising internet penetration and the increasing prevalence of chronic diseases in developing countries. Due to the availability of high-speed internet and the rising awareness of online over-the-counter benefits, in Spain.
Online pharmacy is one of Europe's most popular advancements in both emerging and established countries. The Online pharmacy sector benefitted from the COVID-19 pandemic. Customers flocked in droves and began to exhibit a keen interest in online drug transactions.
The retail pharmacy market in Spain is a well-established market, with over 24,000 pharmacies operating in the country. The market is primarily composed of independent pharmacies, which account for the majority of the total market share. Spain has a large number of small pharmacies, which are typically family-owned and operated.
The Spanish government has a substantial influence on the retail pharmacy business through its reimbursement rules and regulations. The government sets the prices of drugs and sets reimbursement rates for pharmacies, which can impact their profitability. The government also regulates the number of pharmacies that can operate in a given area to ensure fair competition among pharmacies and prevent oversupply.
Spain Pharmaceutical Logistics Industry Overview
Spain's pharmaceutical Logistics industry is competitive and dynamic, but it still has a considerable margin to achieve a more relevant role in the national economy. A few existing major players in the market include DHL Supply Chain, FedEx, Kuehne + Nagel International AG, United Parcel Service, and CH Robinson. These companies are implementing next-generation logistics solution technologies into their services, such as automation, artificial intelligence, machine learning (AI and ML), blockchain, transportation management systems, and others, to increase supply chain productivity, reduce costs, and avoid errors.
Spain Pharmaceutical Logistics Market Leaders
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DHL
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FedEx
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Kuehne + Nagel International AG
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United Parcel Service
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C. H. Robinson
*Disclaimer: Major Players sorted in no particular order
Spain Pharmaceutical Logistics Market News
- August 2022: Lineage Logistics, LLC ('Lineage' or the 'Company'), one of the world's leading temperature-controlled industrial REIT and logistics solutions providers, announced its intention to acquire Grupo Fuentes, a major operator of transport and cold storage facilities, headquartered in Murcia, Spain. Grupo Fuentes has a cold storage warehouse in Murcia with 60,000 pallet positions and plans to expand the site with an additional 40,000 pallet positions.
- January 2022: MOVIANTO, a pharmaceutical logistics provider in Spain, invested 38 million euros (USD 41.88 million) in a new center in Numancia de la Sagra (Toledo). The new space will have an area of 40,000 m2 and a capacity for more than 35,000 pallets at a controlled temperature, which will double, and even triple, the company's capacity in Spain.
Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Market Drivers
- 4.3 Marrket Restraints
- 4.4 Market Opportunities
- 4.5 Industry Supply Chain/Value Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Consumers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Government Initiatives and Regulations in the Market
- 4.8 Pharmaceutical Logistics Market in Spain
- 4.9 Technological Trends in the Market
- 4.10 Insights Into The 3PL Market in Spain
- 4.11 Impact of COVID-19 on Market
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Generic Drugs
- 5.1.2 Branded Drugs
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5.2 By Mode of Operation
- 5.2.1 Cold Chain Logistics
- 5.2.2 Non-cold Chain Logistics
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5.3 By Application
- 5.3.1 Bio Pharma
- 5.3.2 Chemical Pharma
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5.4 By Mode Of Transport
- 5.4.1 Air Shipping
- 5.4.2 Rail Shipping
- 5.4.3 Road Shipping
- 5.4.4 Sea Shipping
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 DHL
- 6.2.2 FedEx
- 6.2.3 Kuehne+Nagel International AG
- 6.2.4 United Parcel Service
- 6.2.5 C.H. Robinson
- 6.2.6 CEVA Logistics
- 6.2.7 DB Schenker
- 6.2.8 Movianto
- 6.2.9 Agility Logistics
- 6.2.10 Eurotranspharma
- 6.2.11 CSP*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
** Subject To AvailablitySpain Pharmaceutical Logistics Industry Segmentation
Pharmaceutical logistics is concerned with the production, processing, and transportation of materials, as well as the resources and activities associated with the handling of manufactured items by their consumers. Logistics businesses are critical to the operation of any pharmaceutical company.
A comprehensive background analysis of the Spain Pharmaceutical Logistics Market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study.
Spain's Pharmaceutical Logistics Market is segmented By Product(Generic Drugs, Branded Drugs), By Mode of Operation (Cold Chain Logistics, Non-Cold Chain Logistics), By Application (Bio-pharma, Chemical Pharma), and By Mode Of Transport (Air Shipping, Rail Shipping, Road Shipping, Sea Shipping). The report offers market size and forecasts for the Spain Pharmaceutical Logistics Market in value (USD billion) for all the above segments.
| By Product | Generic Drugs |
| Branded Drugs | |
| By Mode of Operation | Cold Chain Logistics |
| Non-cold Chain Logistics | |
| By Application | Bio Pharma |
| Chemical Pharma | |
| By Mode Of Transport | Air Shipping |
| Rail Shipping | |
| Road Shipping | |
| Sea Shipping |
Frequently Asked Questions
What is the current Spain Pharmaceutical Logistics Market size?
The Spain Pharmaceutical Logistics Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Spain Pharmaceutical Logistics Market?
DHL, FedEx, Kuehne + Nagel International AG, United Parcel Service and C. H. Robinson are the major companies operating in the Spain Pharmaceutical Logistics Market.
What years does this Spain Pharmaceutical Logistics Market cover?
The report covers the Spain Pharmaceutical Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Spain Pharmaceutical Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Pharmaceutical Logistics Industry Report
Statistics for the 2024 Spain Pharmaceutical Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Pharmaceutical Logistics 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.
