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The Global Pharmaceutical Logistics Market was valued at USD 109.96 Billion in 2019 and is projected to reach USD 230.12 Billion by 2027, growing at a CAGR of 9.67% from 2020 to 2027.
Manufacturers these days are increasingly required to ship large volumes of pharmaceutical materials over long distances. These goods can be extremely sensitive and are valuable. Through the use of Pharmaceutical Logistics in medicine, constant refrigeration of the products from the time of its production, through its transportation, handling, and storage to its delivery is possible. The increase in the market for temperature-sensitive drugs and biological medical products as well as the growing awareness among pharmaceutical and logistics companies alike are leading to the growth of the scope for temperature-controlled pharmaceutical logistics, thereby benefitting the growth of the overa