Pharmaceutical wholesales and distribution involves storage as well as delivery of pharmaceutical products from manufacturing unit to wholesalers, hospitals, clinics or patients. Pharmaceutical distribution is a critical process and the companies carrying out pharmaceutical distribution need to comply with stringent regulations considering the drugs need to reach patients in usable form. Most of the pharmaceutical manufacturers prefer to outsource their distribution process for the purpose of convenience and cost effectiveness.
Robust supply chain is required to meet the demand of growing pharmaceutical market. Logistics is an integral part of supply chain management and it ensures continuous supply of drugs and medical devices to suppliers and distributors in different locations. Pharmaceutical products such as blood plasma, tissues and chemicals are heat sensitive, hence cold chain logistics becomes significant for storage and transportation of these temperature sensitive drugs. Cold chain logistics uses refrigeration enabled vehicles such as refrigerated trucks, reefer cars and reefer ship containers for its purpose. Rising demand for cost effective and quality drugs in various countries with varying climatic conditions are the key drivers for cold chain logistics market.
Industry also uses pharmacy automation for various functions such as storage and retrieval system, automated packaging and labelling systems, automated medication dispensing system, etc. Automation also helps to meet one of the major challenges of the industry by getting right amount of drug to the right person at the right time.
Increase in demand for prescription drugs, ageing population, development of new drugs, attempt to reduce packaging cost and increase in mergers and acquisition activities are the major drivers for the pharmaceuticals wholesale and distribution market. On the other hand, in view of uncertain global economy the industry is subject to budgetary cuts.
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