PHARMACEUTICALS
he global market for pharmaceuticals is so large that not even a Google search of Chat GPT will put a figure on it.
Suffice to say, though, that it would not be wrong to put the number of tablets taken globally per year in the trillions.
Modern high-speed tablet presses can produce between 250,000 and 1.7 million tablets per hour per machine, while leading pharmaceutical manufacturers individually produce tens of billions of tablets annually. Do the math – if you can.
There is a long way between machine and mouth, though. And that is where logistics companies come in.
In recent months, both DHL and UPS Healthcare have made significant investments in their healthcare logistics arms – for a very good reason.
That is that in 2023, the market was valued at US $ 185.8bn, while by 2029, it is expected to climb to US $ 290.7bn.
The reasons include:
• Rising demand for temperaturesensitive biologics and personalised medicines
• Growth in e‐commerce and direct-to‐patient delivery
• Increased regulatory and quality demands across global supply chains
• Innovations in AI, blockchain, eco‐packaging and tracking technologies.
healthcare-digital. com 113