Pharmaceutical Logistics Industry Forecast and Size Analysis 2019-2025
Global Pharmaceutical Logistics Industry was valued at USD 82.3 Billion in the year 2017. Global Pharmaceutical Logistics Industry is further estimated to grow at a CAGR of 4.83% from 2019 to reach USD 120.24 Billion by the year 2025. The Asia Pacific region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecasted period owing to high economic growth in the emerging economies. At country level China, Australia, India, and Japan is the major industries in Asia Pacific region and holds a substantial Industry share in 2017 and it is projected to grow at a gradual pace in the coming years. Major market players in Pharmaceutical Logistics Industry are FedEx, Deutsche Post DHL, Biotec Services International, World Courier, Kerry Logistics, LifeConEx, Nordic Cold Storage, Agility, UTi Pharma, CEVA, and 10 more companies brief information is provided in the report. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Pharmaceutical Logistics Industry: Strength: Growing pharmaceutical sales Increasing demand of the pharmaceutical industry