At present, the pharmaceutical logistics services market in India is growing immensely in size due to a rapid growth in the sector of pharmaceuticals and rising demands in the healthcare sector. India’s pharmaceutical industry has come a long way, and as its needs mature, it has become necessary to have dedicated logistics service geared for such products, particularly the temperature sensitive ones. It is also closely related to the country’s position as a global hub in pharmaceutical production and India being a leading exporter of medicines around the world. The increasing demand of the cold chain logistics is one of the key drivers of this market expansion. Also, pharmaceuticals, which include vaccines, biologics and other temperature sensitive drugs, need to be operated in controlled environments in order for them to remain effective. The Indian healthcare industry is witnessing growing demand for more sophisticated and diverse mode of treatment, and therefore the demand for highly reliable as well as sophisticated logistics is on the rise. Today, companies are spending huge amounts in setting up state-of-the-art refrigerated storage, transportation system and real time product tracking systems to avoid the loss of product integrity in the supply chain.

Additionally, the growing number of chronic diseases, growing pharmaceutical export market and increased e-commerce platforms of pharmaceutical products are boosting the market growth. Significant to the growth of pharmaceutical logistics services is also the Indian government’s favorable policies, leading to increase in planned infrastructure development and promotion of manufacturing. Moreover, technology has progressed in the form of AI, IoT, and blockchain which also helps in monitoring, transparency, and efficiency better in the logistics area. These innovations are enabling businesses to decrease operational costs, increase quality and speed of deliveries effectively.

Keeping tabs on this market, India Pharma Outlook has shortlisted the select few companies in this field that have exhibited an unrelenting pursuit of excellence. By proving their dedication to fulfilling customer expectations and contributing to the market’s evolution through their innovative disposition, these firms are blazing a trail.

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