MarketResearchNest.com adds “Global Pharmaceutical Logistics Market 2017-2021” new report to its research database. The report spread across 77 pages with table and figures in it.
Research analysts forecast the global pharmaceutical logistics market to grow at a CAGR of 5.02% during the period 2017-2021.
About Pharmaceutical Logistics
Pharmaceutical logistics is involved in the planning and execution of the complete pharmaceutical supply chain functions. These supply chain functions include transportation, warehousing, inventory management, and other related logistics functions. As some of the pharmaceutical products are temperature sensitive, cold storage is required throughout the supply chain to maintain the quality of the products. Pharmaceutical manufacturers, the only customer segment of this market, outsource their logistics functions in order to reduce the cost and concentrate on their core businesses. Outsourcing of pharmaceutical logistics functions is trending since 2000.
Covered in this report
The report covers the present scenario and the growth prospects of the global pharmaceutical logistics market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors by pharmaceutical logistics services.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-pharmaceutical-logistics-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Pharmaceutical Logistics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Pharmaceutical Logistics Market 2017-2021
Technavio recognizes the following companies as the key players in the global pharmaceutical logistics market: Deutsche Post DHL, FedEx, SF Express, UPS, and World Courier.
Other Prominent Vendors in the market are: Agility, BDP International, CEVA Logistics, DB Schenker, DSV, Kerry Logistics, Kuehne + Nagel, Penske, SINOTRANS & CSC, and XPO Logistics.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Consolidation in global pharmaceutical logistics market. The market is highly fragmented with a large number of players. The fragmentation cause difficulties for big players to enter into some countries across the world. To break the entry barrier, the big players are accepting consolidation as a tool to enter into the market. More than an entry, consolidation helps the players to adopt modern technologies from the regional or small players and make them expand their market presence. Consolidation also supports the small vendors to attain profitability in the competitive market.”
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According to the report, one of the major drivers for this market is Growing pharmaceutical sales. It was accounted that the global pharmaceutical market witnessed a remarkable growth rate of around 9.5% between 2005 and 2015. This growth is expected to continue for next few years. In 2016, the US alone contributed around 45% to the growth of the global pharmaceutical market. Followed by the US, Japan and China are the other major growth contributors to the market. The increasing healthcare reforms in developed and developing countries are also triggering the growth of the global pharmaceutical market.
Further, the report states that one of the major factors hindering the growth of this market is Reduced price of generic drugs in Europe. Unlike the US, Japan, and China, Europe has a higher percentage of share in generic drugs than innovator drugs. For instance, around 62% of the pharmaceutical market in the UK is acquired by generic drugs, whereas the pharmaceutical market in the US holds only around 43% for generic drugs. Generic drugs are the bioequivalent imitations of branded drugs with the same chemical formula and slight variations in coloring and flavoring. The cost of production is less for license holder generic drug manufacturers because the market for the drug already exists. The lower cost of production makes licensed generic drug manufacturers sell the drugs at a lower price than the originator. In addition, one-third of the European pharmaceutical manufacturers deal in generic drugs and cause supply demand mismatch. All these factors have been reducing the generic drugs prices in Europe since the past five years.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain