U.S. Pharmaceutical Third-party Logistics Services Market Growth & Trends
The U.S. pharmaceutical third-party logistics services market size is expected to reach USD 75.41 billion by 2030 and it is anticipated to grow at a CAGR of 8.90% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is driven due to the growing demand for efficient and secure supply chain solutions, increasing complexity in pharmaceutical distribution, and the need for compliance with stringent regulatory standards. Moreover, the rise in demand for temperature-sensitive and specialty drugs, such as biologics and vaccines, has heightened the importance of cold chain logistics, prompting pharmaceutical companies to rely on 3PL providers for advanced storage and transportation solutions.
Furthermore, is the development of advanced technologies to improve the efficiency and security of drug distribution is also contributing to the market growth. As pharmaceutical logistics operations become more complex, there is a growing reliance on automated data reporting systems to streamline compliance and performance monitoring. Automated reporting solutions help pharmaceutical 3PL providers generate real-time, accurate reports on key performance indicators (KPIs) such as on-time delivery rates, product condition, and regulatory compliance. These systems also automate the generation of reports required by regulatory bodies, reducing manual effort and ensuring that all necessary documentation is submitted on time.
In addition, the growing demand for temperature-sensitive pharmaceuticals and biopharmaceuticals is significantly fueling the expansion of the cold chain logistics market. Growing demand for the safe storage and transportation of these delicate products has led the companies to innovative cold chain solutions that safeguard product quality and efficacy. Moreover, increasing technological advancements by integrating artificial intelligence is further boosting the demand for cold chain logistics in the pharmaceutical sector. According to an article published by Pharmaceutical Commerce in October 2024, artificial intelligence (AI) has the potential to revolutionize the logistics of temperature-sensitive pharmaceuticals shipped through the cold chain in several transformative ways. AI can enhance the supply chain's efficiency and reliability through predictive analytics, real-time monitoring, and optimization of routes and resources.
Some of the key players in the market are Cencora Corporation, Kuehne+Nagel, Kerry Logistics Network Limited, Cardinal Health, McKesson Corporation, Thermo Fisher Scientific, among others. Market players are adopting key strategic initiatives to boost their market presence and expand their business. For instance, in April 2023, Kuehne+Nagel announced a 400,000 sq. ft. contract logistics fulfillment center near Dallas/Fort Worth International Airport. Positioned three miles from the terminals, the facility highlighted the company's strategic investment in healthcare logistics, designed to serve multiple clients with state-of-the-art capabilities.
U.S. Pharmaceutical Third-party Logistics Services Market Report Highlights
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