Hyderabad, July 05, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Europe Pharmaceutical Logistics Market Report (2023-2028)," the market is estimated at USD 83.61 billion in 2023. It is expected to register a CAGR of 3.92% during the forecast period.
Pharmaceutical logistics refers to chain management, transportation, and handling of multiple different products, which requires a specific level of logistic treatment. Pharmaceutical products can range from medicines to all its different types, medical and surgical instruments, and healthcare products.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 83.61 billion |
| Market Size (2028) | USD 101.34 billion |
| CAGR (2023-2028) | 3.92% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | Growth in the demand for cellular therapies. |
| Rise in the demand for drugs and vaccines after the COVID-19 pandemic. |
Who are the Top Companies in the Europe Pharmaceutical Logistics Market?
The European pharmaceutical logistics market is fragmented and highly competitive. It has established international and regional market players who have made substantial investments in its products and manufacturing plants.
The most notable players in the European pharmaceutical logistics market are:
- DHL
- FedEx
- Kuehne+Nagel International AG
- United Parcel Service
- C.H. Robinson
- CEVA Logistics
- DB Schenker
- Agility Logistics
- Eurotranspharma
- CSP
Other Reports That Might Be of Your Interest:
- North America Pharmaceutical Logistics Market Report - The North American pharmaceutical logistics market is expected to register a CAGR of 3.00% during the forecast period (2023-2028).
- Asia-Pacific Pharmaceutical Logistics Market Report - The Asia-Pacific Pharmaceutical logistics market size is estimated at USD 143.22 billion in 2023. It is expected to reach USD 197.94 billion by 2028, registering a CAGR of 6.68% during the forecast period (2023-2028).
Key Highlights from the Europe Pharmaceutical Logistics Market Report:
Boost in the Overall Sales of European Pharmaceutical Products
- Europe is the second-largest biopharmaceutical market in the entire world. The market is ever-expanding because of the rise in population and the persistence of sicknesses.
- To encourage and ensure a supply of safe and affordable medicines to patients, The European Commission (EC) launched a public input on its pharmaceutical strategy for Europe.
Rise in the Exports from Germany
- Germany constitutes the biggest in Europe and the fourth-biggest pharmaceutical market in the world. The high-skilled labor in Germany helps in ramping up production and maintaining quality at the same time.
- In 2021, the German pharmaceutical market generated revenues of around 62.28 billion, which turned it into the leading pharmaceutical market in Europe.
What are the Latest Developments in the Europe Pharmaceutical Logistics Market?
- In January 2022, a pharmaceutical logistics provider in Spain, MOVIANTO, invested around 41.88 million in a new center in Numancia de la Sagra (Toledo), which is expected to almost the company’s capacity in Spain.
- In August 2022, UPS announced the acquisition of a top healthcare logistics provider in Italy, BomiGroup. This acquisition was expected to invoke the addition of temperature-controlled facilities in 14 countries.
Mordor Intelligence has Segmented the Europe Pharmaceutical Logistics Market Based on Product, Operation, Application, Transportation and Geography:
- By Product (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Generic Drugs
- Branded Drugs
- By Operation (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Cold Chain Transport
- Non-cold Chain Transport
- By Application (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Biopharma
- Chemical Pharma
- By Transportation (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Airways
- Railways
- Roadways
- Seaways
- By Geography (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Germany
- United Kingdom
- Netherlands
- France
- Italy
- Spain
- Poland
- Belgium
- Sweden
- Rest of Europe
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Europe Pharmaceutical Logistics Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
- Europe Chemical Logistics Market Report - The European chemical logistics market size is estimated at USD 58.58 billion in 2023. It is expected to reach USD 78.62 billion by 2028, registering a CAGR of 6.06% during the forecast period (2023-2028).
- Philippines Freight and Logistics Market Report - The Philippine freight and logistics market size is estimated at USD 18.03 billion in 2023. It is expected to reach USD 25.38 billion by 2028, registering a CAGR of 7.08% during the forecast period (2023-2028).
- Turkey Cold Chain Logistics Market Report - The Turkish cold chain logistics market size is estimated at USD 1.81 billion in 2023. It is expected to reach USD 2.54 billion by 2028, with a CAGR of 7.03% during the forecast period (2023-2028).
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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