LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global pharmaceutical logistics market report. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
The patent expiration of many innovative drugs by the end of 2017 is one of the market drivers for pharmaceutical logistics. This will increase the volume of pharmaceutical products as a large number of biopharma replica of these drugs will come into the market. The rise in volume of pharmaceutical products will positively affect the revenue for the pharmaceutical logistics players as the charge of transportation is decided based on the volume of goods and distance traveled.
Competitive vendor landscape
The global pharmaceutical logistics market is highly fragmented with a substantial number of small and big players. These players are competing in terms of providing secure pharmaceutical supply chain functions and cloud-based supply chain solutions. The pharmaceutical manufacturers segment is the only customer segment for this market. The global pharmaceutical manufacturers segment is also equally fragmented as the global pharmaceutical logistics market.
“The growing population and economic conditions in some parts of the world will increase the end-user consumption of pharmaceutical products, which, in turn, will boost the growth of both the global pharmaceutical market and the global pharmaceutical logistics market. The developed countries, such as the US and the UK, are matured markets for pharmaceutical logistics players,” says Raj Kumar, a lead logistics research analyst from Technavio.
The product diversification of pharmaceutical players is the major concern for 3PL logistics players. As the pharmaceutical products are constantly evolving, these evaluations will repeatedly change the product portfolio of pharmaceutical players. The frequent changes in the product portfolio will affect the efficiency of the 3PL players as each product requires a separate type of transportation and storage.
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Top five pharmaceutical logistics market vendors
Deutsche Post DHL Group
Deutsche Post DHL Group has been offering a wide range of temperature controlled logistics solutions, such as transportation, storage, end-to-end supply chain solutions for two industries, namely life sciences and healthcare, and food and perishables.
FedEx
FedEx Express has been offering solutions for the healthcare and life science industry. FedEx offerings for healthcare and life science industry include products, such as medical devices, pharmaceutical and biotech, diagnostics, equipment, and clinical trials.
SF Express
SF Express provides international and domestic express delivery solutions to a wide range of customers. It has a fleet of more than 30 cargo aircraft, out of which 13 are owned by the company’s subsidiary, SF Airlines. In 2016, the company opened more than 500 online shopping service community stores across China except Qinghai and Tibet.
UPS
UPS offers logistics solutions to various industries. The pharmaceutical logistics comes under the healthcare industry. In pharmaceutical logistics, it offers complete logistics services. UPS offers warehousing, distribution, transportation, and tracking or visibility services to pharmaceutical manufacturers.
World Courier
World Courier is a part of AmerisourceBergan Corporation. The company is a global pharmaceutical and healthcare logistics service provider. Also, it specializes in the transport of time- and temperature-sensitive shipments for goods and various components across different industries, such as automotive, oil and gas, agrochemicals, and food.
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