INDIA PHARMACEUTICAL LOGISTICS MARKET FORECAST 2024-2032

Additionally, monitoring pharmaceutical logistics operations has become a focus area in India. With the complexity of supply chains and the critical nature of pharmaceutical products, monitoring is crucial for ensuring transparency, reducing risks, and optimizing logistics processes. Companies are investing in technologies such as real-time tracking systems, IoT sensors, and data analytics to enhance visibility, traceability, and compliance across their logistics operations. This emphasis on monitoring reflects a broader industry trend toward digitalization and data-driven decision-making in pharmaceutical logistics, driving improvements in efficiency and reliability.

The India pharmaceutical logistics market segmentation incorporates the market by product, therapy area, type, and component. The component segment is further divided into storage, transportation, and monitoring components. The storage component of pharmaceutical logistics encompasses facilities and infrastructure dedicated to storing pharmaceutical products. This includes warehouses, cold storage facilities, and temperature-controlled environments. The storage component is crucial for maintaining the integrity and efficacy of pharmaceuticals, especially those that are temperature-sensitive or require specific storage conditions. Proper storage facilities ensure that pharmaceutical products remain stable and safe until they are ready for distribution and use.

On the other hand, pharmaceutical logistics’s transportation component focuses on the movement of products from manufacturing facilities to distribution centers, pharmacies, hospitals, and other points of delivery. This includes various modes of transportation such as road, air, sea, and rail. Efficient transportation is essential for timely deliveries, minimizing transit times, reducing logistics costs, and ensuring that pharmaceutical products reach their destination in optimal condition.

The monitoring components in pharmaceutical logistics integrate hardware like sensors, telematics, and data loggers with advanced software solutions to track parameters such as temperature and location in real time. This technology ensures product integrity by continuously monitoring storage conditions, enabling immediate corrective actions if deviations occur. It also facilitates regulatory compliance through detailed data recording and analysis, contributing to efficient logistics operations and supply chain management. Hence, effective management of these components is essential for ensuring the safe, timely, and reliable distribution of pharmaceutical products in India. 

Some of the leading players in the India pharmaceutical logistics market include DSV, Agility Logistics, DB Schenker, Deutsche Post AG, FedEx, Kuehne + Nagel, etc. 

Agility, headquartered in Sulaibiya, Kuwait, is involved in warehouse construction, management, and leasing and offers transportation, distribution, and customs services. Its logistics segment covers freight forwarding, contract logistics, transportation, and event logistics. The infrastructure segment includes real estate, ground handling, customs operations, and waste recycling. Agility operates globally, with a substantial logistics revenue share from the Middle East and listings on the Boursa Kuwait and Dubai Stock Exchange.