Pharma Logistics Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Pharma Logistics Market Worth $97.6 Billion By 2025 | CAGR: 3.5%�
The global pharmaceutical logistics market size is anticipated to reach USD 97.6 billion by 2025 expanding at a CAGR of 3.5%, according to a new report by Grand View Research, Inc. The market development can be attributed to the rising demand for a variety of drugs as a result of increasing cases of chronic and lifestylerelated diseases. Pharmaceutical logistics is an important part of the healthcare system, as careful handling and transporting of pharmaceutical products is of utmost importance, therefore equipment and staff services involved in the pharma supply chain are highly expensive. Consolidations among the pharma companies, to expand their business and global presence, is the latest trend gaining momentum in the market. Technological advancements, such as cloud-based supply chain functions and blockchain technology, which provide accurate and real-time data of operations will also have a positive impact on the pharma logistics market growth. Additionally, these technologies also offer predictive analytics to identify demand and supply chain optimization and risk management. Identifying risk and preventing them helps companies increase productivity, efficiency, and process optimization of their businesses. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/pharmaceutical-logisticsmarket
The North America regional market accounted for the largest market share in 2018 and is expected to maintain its dominance over the forecast period. The market in Asia Pacific is projected to exhibit the highest CAGR from 2019 to 2025 owing to increasing financial budget for the healthcare sector in several emerging countries of the region. Some of the key market participants include F edEx Corp.; DB
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