Market Size of US Pharmaceutical Warehousing Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 45.96 Billion |
| Market Size (2029) | USD 58.51 Billion |
| CAGR (2024 - 2029) | > 4.95 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Pharmaceutical Warehousing Market Analysis
The US Pharmaceutical Warehousing Market size is estimated at USD 45.96 billion in 2024, and is expected to reach USD 58.51 billion by 2029, growing at a CAGR of greater than 4.95% during the forecast period (2024-2029).
The primary parameter causing a surge in the performance of the market is the growth of the pharmaceutical industry. Furthermore, the escalating demand for efficient and secure storage of medicines and other healthcare products is another crucial parameter enhancing the performance of the market.
The US accounts for about 45% of the global pharmaceutical market and 22% of global production. US pharmaceutical output and sales remained robust in 2022, driven by the ongoing global vaccination rollout and pent-up demand for essential and non-essential medical treatments.
While vaccinations will mainly drive sector growth in 2022 and 2023, the aging population will spur drug demand in the mid and long term.
The increasing prevalence of diseases in the United States, aging populations, and increasing healthcare expenditure are some of the major factors driving the growth of the pharmaceutical market in the country.
A large number of population preders doorstep delivery of medical products due to unavailability of products in local retail drug stores.
In addition, the increasing penetration and literacy regarding internet usage are anticipated to boost the overall market in the region.
