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Biopharmaceutical Third-Party Logistics Market Outlook - Estimated Market Size And Growth Rate
Biopharmaceutical Third-Party Logistics
The Business Research Company's Biopharmaceutical Third-Party Logistics Global Market Report 2023 outsourcing logistics as the major driver for the Biopharmaceutical Third-Party Logistics market's growth in the forecast period. Outsourcing logistics involves engaging a third party to handle all or a portion of a company's logistical activities. Outsourcing logistics is used in biopharmaceutical third-party logistics for outsourcing cryogenic supply chain management to logistics partners.
the global biopharmaceutical third party logistics market is expected to grow from $122.36 billion in 2022 to $131.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The biopharmaceutical third party logistics market is expected to reach $170.26 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the Biopharmaceutical Third-Party Logistics market are McKesson Corporation, AmerisourceBergen Corporation, United Parcel Service of America Inc., FedEx Corporation, DHL International GmbH, Kuehne + Nagel International AG, SF Express Co Ltd.
Technological advancements are a key trend gaining popularity in the biopharmaceutical third-party logistics market. Major companies operating in the biopharmaceutical third-party logistics market are focused on launching new products to strengthen their position and gain a competitive advantage. For instance, in November 2022, Celcius Logistics Solutions Pvt Ltd., an India-based provider of logistics services, launched Hyper-Local temperature-controlled delivery services for food and pharma orders. The company offers its last-mile solution, which includes a service suitable for smaller quantities. This service is available in nine cities throughout the country. By implementing a hyperlocal approach, the company guarantees the optimal quality of transported materials by continuously monitoring temperature in real time at each stage of the delivery process.
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The Biopharmaceutical Third-Party Logistics market is segmented -
• By Treatment: Medication, Surgery, Other Treatments
• By Indication: Systemic Biopharmaceutical Third-Party Logistics , Localized Biopharmaceutical Third-Party Logistics
• By End User: Hospital, Pharmaceutical Stores, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biopharmaceutical Third-Party Logistics market.
The Business Research Company's "Global Biopharmaceutical Third-Party Logistics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Biopharmaceutical Third-Party Logistics Market Include:
1. Biopharmaceutical Third-Party Logistics Market Executive Summary
2. Biopharmaceutical Third-Party Logistics Market Segments
3. Biopharmaceutical Third-Party Logistics Market Size And Biopharmaceutical Third-Party Logistics Market Growth Rate
4. Key Biopharmaceutical Third-Party Logistics Market Trends
5. Major Biopharmaceutical Third-Party Logistics Market Drivers
……
25. Key Mergers And Acquisitions In The Biopharmaceutical Third-Party Logistics Market
26. Top Biopharmaceutical Third-Party Logistics Companies
27. Biopharmaceutical Third-Party Logistics Market Opportunities And Strategies
28. Biopharmaceutical Third-Party Logistics Market, Conclusions And Recommendations
29. Appendix
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