Bio-pharmaceutical logistics Market is Expected to Grow at CAGR 6.7% during the forecast period 2019-2025

Published | 13 September 2019

According to BlueWeave Consulting, the Biopharmaceutical Logistics Market is anticipated to reach USD xx Million with a significant CAGR of 6.7% in the forecast period of 2015-25.  The global Bio-pharmaceutical logistics market is basically segmented into cold chain logistics and non-cold chain logistics. A large share of global health segment growth in the past century can be attributed to innovative Bio-pharmaceutical products. To improve the patient’s daily lives the pharmaceutical companies invest more in the research and development segment which is the key growth driven factor for the export-import of Bio-pharmaceutical products in the Bio-pharmaceutical logistics market.

The increasing use of biologics and the demand for Cold chain logistics is expected to witness significant growth during the forecast period 2019-25. Enhancement in the production rate of biologics, hormone medications, vaccines, complex proteins, and temperature specific bio products that require cold chain shipment has additionally witnessed significant growth in the Bio-pharmaceutical logistics market.

“Cold chain logistics holds the largest market share of Bio-pharmaceutical logistics.”

Expansion in the demand for cellular therapies, vaccines, and blood products in the Bio-pharmaceutical industry drive the growth of the Bio-pharmaceutical logistics market across the globe. The extension of the cold chain logistics via air transportation is the fastest way of shipping pharmaceutical products with negligible product damage, which is highly desired for transporting temperature-sensitive biologic drugs and vaccines. In comparison with other modes of cold logistics transportation, the largest share is marked by air transportation with all the required precision in transportation. In the overall Bio-pharmaceutical logistic market, the mode of air logistics is anticipated to highly expand in the forecasted duration. Countries across the globe are securing their rules and regulations to ensure the proper transportation of pharmaceutical shipments. This has constrained key players to explore innovative technologies to pace up with international standards and guidelines and drive the growth of the global Bio-pharmaceutical logistics market.

“Investment & high sales value of innovative drugs is the growth driving factor for Bio-pharmaceutical logistics market.”

In the overall pharma market, a substantial share is secured by the Bio-pharmaceuticals industry which generates a global revenue of USD Million. The efficacy and safety of Bio-pharmaceutical products, allow pharma companies to regulate high sales for innovative drugs in the global market. High sales drive the demand for global export-import of Bio-pharmaceutical products in the Bio-pharmaceutical logistics market. The investment rate in the R&D segment of the Bio-pharmaceutical industry reflects significant growth in the past years, simultaneously there is much research in-process across the globe. Expansion in the cold chain the logistic model is one of the key growth reflecting factors for the Bio-pharmaceutical logistics market in the forecast period. North America entered the global Bio-pharmaceutical market with growth driven factors such as technology advancement, the advancement of warehousing and transportation in the supply chain, and anticipated to expand North America Bio-pharmaceutical logistics market in the upcoming years.

The major industry players are Deutsche Post DHL, Kuehne + Nagel, DB Schenker FedEx, AmerisourceBergen, UPS (Marken), XPO Logistics, Panalpina, VersaCold, Agility, DSV, and other prominent players.

Browse Detailed Analysis with TOC, “Global Bio-pharmaceutical Logistics Market (Transport - Cold-chain Transport, and Non-Cold-chain Transport; Product Type - Generic Drugs, and Branded Drugs; 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”

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Bio-pharmaceutical Logistics Market size & forecast. The report promises to provide state-of-the-art technology of Bio-pharmaceutical Logistics and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges and competitive dynamics of the market.