Top 5 EU’s Largest Pharmaceutical Markets with USD 42 Billion Revenue in German Market – Exclusive Report by Mordor Intelligence
Europe Pharmaceutical Logistics Market Overview
The European pharmaceutical logistics market is expected to record a CAGR of more than 4% during the forecast period. Increasing demand for cellular therapies, vaccines, and blood products in the pharmaceutical industry is driving the growth of the European pharmaceutical logistics market. Enhancement in the production rate of biologics, hormone medications, vaccines, complex proteins, and temperature-specific byproducts requiring cold chain shipment also witnessed significant growth in the European pharmaceutical logistics market.
There is a strong and competitive pharmaceutical industry in Europe. The European pharmaceutical logistics market is highly competitive and fragmented. Some of the existing major players in the market include DHL Supply Chain, FedEx, Kuehne + Nagel International AG, United Parcel Service, and CH Robinson. Some of the major domestic players include Eurotranspharma, Centre Specialties Pharmaceutiques, PostNL Pharma & Care, and Trans-o-Flex Schnell-Lieferdienst GmbH.
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Europe Pharmaceutical Logistics Market – Geographical Overview
With over 40 countries, Europe boasts of one of the most diverse logistics sectors globally, with goods transported within and around 45 land borders by air, road, sea, and rail. The logistics sector in Europe is dominated by Germany, the UK, and France. In terms of sea freight, European ports represent vital parts of global supply chains, with ports such as Hamburg, Rotterdam, and Antwerp handling roughly between 118 and 450 million tons of cargo each year.
Germany was the leading pharmaceutical market in Europe, with total revenue of over EUR 42.5 billion in 2020. France and Italy followed with revenues of EUR 31.7 billion and EUR 28 billion, respectively. Spain and Poland rounded off the top five largest EU markets. When the German pharmaceutical market’s revenue is broken down, prescription drugs account for the majority of the revenue. Prescription medication accounted for approximately EUR 32 billion in revenue in 2020. Over fifteen years, the value of pharmaceutical exports from Germany has skyrocketed. The leading destination for these exports is the US, with an export value of over EUR 16 billion, followed by the Netherlands, with a value of over EUR 8 billion.
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Mordor Intelligence has segmented the Europe Pharmaceutical Logistics Market based on product, mode of operation, application, mode of transport, and geography:
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