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Pharmaceutical Drugs and Biologics Logistics Market Size, Share 2020 | Competitor Strategies, Trends and Forecast
Pharmaceutical Drugs And Biologics Logistics Market
The global pharmaceutical drugs and biologics logistics market reached a value of nearly $79.9 billion in 2017, having grown at a compound annual growth rate (CAGR) of more than 3.3% since 2013. Growth will result from increasing demand for drugs in general and in particular for temperature-sensitive biopharmaceutical products such as vaccines and blood plasma products. The pharmaceutical drugs and biologics logistics market has benefitted from rising pharmaceutical sales.
The Key drivers of the Pharmaceutical Drugs and Biologics Logistics Market include:-
Healthcare Reforms - Healthcare reforms in both developed and developing countries triggered the growth of the pharmaceutical industry. The American Health Care Act (AHCA) was introduced in the US in 2017. China and the World Bank launched the China Health Reform Program-for-Results to improve the quality of healthcare services in the country. India also launched a new National Health Policy in 2017. All these reforms and policies were aimed at improving the efficiency of healthcare systems, thus driving the demand for pharmaceutical products and their logistics.
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Pharmaceutical Drugs and Biologics Logistics Market Segmentation:-
By Service Type - The pharmaceutical drugs and biologics logistics market is segmented by service type into
a) Non Cold Chain Logistics
b) Cold Chain Logistics
Cold chain logistics had the highest growth rate of nearly 6.8% during the historic period.
By Mode Of Transport - The pharmaceutical drugs and biologics logistics market is segmented by mode of transport into
a) Air Transportation
b) Ocean Transportation
c) Land Transportation
By Type Of Pharmaceutical - The pharmaceutical drugs and biologics logistics market is segmented by type of pharmaceutical into
a) Pharmaceutical Drugs
b) Biologics
By Therapeutic Area - The pharmaceutical drugs and biologics logistics market is segmented by type of therapeutic area into
a) Musculoskeletal
b) Cardiovascular
c) Oncology
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By Geography - The pharmaceutical drugs and biologics logistics market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in the pharmaceutical drugs and biologics logistics market are
1.Deutsche Post DHL
2.FedEx Corporation
3.Panalpina World Transport
4.UPS
5.Kuehne + Nagel
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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