- April 2020 |
- Healthcare & Pharmaceutical / Biotechnology
Global Bio-pharmaceutical Logistics Market, By Logistics Type (Cold-chain Transport, and Non Cold-chain Transport), By Product Type (Generic Drugs, and Branded Drugs), By Mode of Transportation (Air Shipping, Road Shipping, Sea Shipping, and Rail Shipping) By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2015-2025
Global Bio-pharmaceutical Logistics Market Forecast and Trends
Global market size of Biopharmaceutical Logistics Market is anticipated to reach USD 122.2 Billion with a decent CAGR of 6.7% within the forecast period from 2015 to 2025. In 2015, the global biopharmaceutical logistics market was valued around USD 72.3 Billion. This presents an incremental value of Biopharmaceutical Logistic market provide a decent opportunity for growth amidst the players in the market, both regional and global.
Growing upsurge in the production of biologics, hormone medications, vaccine and complex proteins that require cold chain shipment has additionally propelled the growth of biopharmaceutical logistic market. As follows, conveyance and transportation of pharmaceutical products that require a specific temperature witnessed a considerable growth of biopharmaceutical logistics market.
Global Bio-pharmaceutical Logistics Market: Overview
Logistics is a key segment in the biopharmaceutical supply chain. In an organization, logistics management with the procurement, planning, and implementation of process activities in the forward and turn around transportation of goods from one spot on to the next. Biopharmaceutical Logistics is the logistics of biopharmaceutical, surgical and medical supplies, and other products needed to support health specialist, nurses, and dental care providers.
The rising number of biosimilar endorsements around the globe, developing trend of outsourcing logistics and development in pharmaceutical distribution network owing...