Biopharmaceutical Logistics Market is expected to reach USD 131,554.1 million by 2026 from USD 82,564.8 million in 2018 at a CAGR of 6.2% during the forecast period 2021–2026.

Biopharmaceutical Logistics Market 2021

Notable growth in the sales of pharmaceutical products and the trend of outsourcing logistics operations are driving the demand for logistics services globally. As per IQVIA’s report on Global Use of Medicines, the global pharmaceutical market was estimated at USD 1.2 trillion in 2018, around USD 100 billion more than 2017. The market is projected to grow at a CAGR of about 5% to reach USD 1.5 trillion by 2023. Global shipping processes are complex and require intensive management. Outsourcing logistics operations is advantageous for pharmaceutical manufacturers in terms of cost-effectiveness, harmonizing distribution process, and managing cold chains for the distribution of temperature-sensitive pharmaceutical products.

Stringent controls are required over the supply chain to tackle the issues of falsified drugs. Regulatory authorities globally have led the guidelines specifying clear identification, monitoring, and tracking of the pharmaceuticals. Management of these networks and processes require a high degree of IT competence and huge investments. Thus, the regulatory requirement for serialization and data aggregation issues for falsified products is further driving the trend of outsourcing logistics. As per the 22nd Annual Third-Party Logistics Study, out of the total respondents, 92% of third-party providers and 73% of third-party users agreed that third-party logistics enable innovations and new ways in improving the effectiveness of logistics services.

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The Major Manufacturers Covered in this Report:
DHL International GmbH., United Parcel Service of America, Inc, SF Express, DB Schenker, AmerisourceBergen Corporation, Kerry logistics Network Limited, Kuehne and Nagel, and Agility. and more...

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Supply Chain

Cold chain
Non cold chain

By Type of Services

Transportation
Air
Sea
Overland
Warehousing
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Additionally, the analysis also delivers a comprehensive review of the crucial players on the Biopharmaceutical Logistics Market along with their company profiles, SWOT analysis, latest advancement and business plans.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Biopharmaceutical Logistics Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Biopharmaceutical Logistics Market sub-markets, depending on key regions (various vital states).
To analyze the Global Biopharmaceutical Logistics Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Biopharmaceutical Logistics Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Biopharmaceutical Logistics Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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