Europe Pharmaceutical Logistics Market Size (2024 - 2029)

Europe Pharmaceutical Logistics Market Analysis

The Europe Pharmaceutical Logistics Market size is estimated at USD 86.89 billion in 2024, and is expected to reach USD 105.31 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).

The demand for pharmaceutical logistics in Europe is mainly driven by the increasing demand for drugs and vaccines, fueled by the COVID-19 pandemic and increasing investments by leading pharmaceutical firms. In order to restore economic growth in Europe and ensure the continued competitiveness of an increasingly competitive world economy, the R&D pharmaceutical sector plays a vital role. Europe invested EUR 44,500 million (USD 48,434 million) in research and development in 2022. It also directly employs about 865,000 people and indirectly generates about three times as many jobs as it now does, upstream and downstream.

Increasing demand for cellular therapies, vaccines, and blood products in the pharmaceutical industry is driving the growth of the region's pharmaceutical logistics market. The increase in demand for reverse logistics in the pharmaceutical sector, the rise in demand for temperature-sensitive pharmaceutical drugs, and the increase in the use of RFID technologies for pharmaceutical logistics are upcoming trends in the European pharmaceutical logistics market.

The growing pharmaceutical sales are expected to propel the growth of the healthcare logistics market. Increasing sales of pharmaceuticals are expected to boost the demand for logistics as the pharmaceutical products or drugs should be stored and transported to pharmacies, drug stores, and others, thus increasing the demand for transportation or healthcare logistics.

Europe Pharmaceutical Logistics Industry Segmentation

Pharmaceutical logistics is related to the handling, transport, and chain management of multiple and varied products that require specific standards in their logistic treatment. Pharmaceutical products range from medicines and all their typologies, healthcare products, and medical and surgical instruments to cosmetic and perfume products, raw materials, biotechnological materials, and biopharmaceuticals.

A complete background analysis of the European pharmaceutical logistics market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the segments, market dynamics, geographical trends, and COVID-19 impact, is covered in the report.

The European pharmaceutical logistics market is segmented by product (generic drugs and branded drugs), operation (cold chain transport and non-cold chain transport), application (biopharma and chemical pharma), transport (airways, railways, roadways, and seaways), and geography (Germany, the United Kingdom, the Netherlands, France, Italy, Spain, Poland, Belgium, Sweden, and Rest of Europe). The report offers market sizes and forecasts for all the above segments in value (USD).