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”
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.
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