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2024 Global Bio-Pharmaceutical Logistics Market Size, Share, Trends And Growth Analysis Report | Kuehne + Nagel International AG, FedEx Corporation, SF Express Co. Ltd., Dalsey Hillblom and Lynn
Bio-Pharmaceutical Logistics Global Market Report 2024
Bio-Pharmaceutical Logistics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $215.69 billion In 2028 At A CAGR Of 10.3%.
The bio-pharmaceutical logistics market size has grown rapidly in recent years. It will grow from $131.79 billion in 2023 to $145.69 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to rise in clinical trials, globalization of pharmaceutical supply chains, increase in personalized medicine, temperature-sensitive clinical materials, focus on patient-centric logistics, pharmaceutical serialization initiatives..
The bio-pharmaceutical logistics market size is expected to see rapid growth in the next few years. It will grow to $215.69 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to gene and cell therapies market growth, sustainable logistics practices, rise in orphan drug development, adoption of autonomous vehicles, demand for biologics and biosimilars, precision medicine logistics.. Major trends in the forecast period include technology integration in logistics, digitalization of supply chains, risk mitigation and contingency planning, strategic partnerships and collaborations, patient-centric distribution models..
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Bio-Pharmaceutical Logistics Market Major Segments
The bio-pharmaceutical logistics market covered in this report is segmented -
1) By Type: Cold Chain Logistics, Non-Cold Chain Logistics
2) By Service: Transportation, Warehousing And Distribution, Value Added Services
3) By Retail Format: Specialty Stores, Hyper Markets, Departmental Stores
4) By Application: Ground Shipping, Sea Shipping, Air Shipping
5) By End Users: Pharmaceuticals, Biopharmaceuticals, Pharmacies, Hospitals, Clinics, Supermarkets, Other End Users
Key Driver - Rising Demand For Biologics Propels Growth In Bio-Pharmaceutical Logistics Market
The increasing use of biologics is expected to propel the bio-pharmaceutical logistics market going forward. Biologics refers to powerful medication products that are produced from living organisms or contain components of living organisms. It is possible for biological drugs to interact with containers or packaging components due to their sensitivity, thus requiring cold or even cryogenic storage. Biopharmaceutical logistics provides services for handling biopharmaceuticals such as plasma, and temperature-sensitive products that enable access to life-saving healthcare products such as biologics, medicines, and vaccines. For instance, in 2021, according to the Academy of Health Information Professionals, a US-based national association, revenues from biological drugs ($17 billion) in 2021, were twice as high as compared to those from non-biologic drugs ($8 billion) in the USA. Therefore, the increasing use of biologics is driving the bio-pharmaceutical logistics market.
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Prominent Trend - The Role Of Technological Advancements In Shaping The Future Of Bio-Pharmaceutical Logistics Market
Technological advancement is a key trend gaining popularity in the bio-pharmaceutical logistics market. Major companies operating in the market are advancing toward innovative technologies to sustain their position in the market. For instance, in September 2022, CubeWorks, a US-based company providing breakthrough smart sensing solutions launched CubiSens XT1, a next-generation visibility solution for cold chain logistics. As the first temperature tracker of its kind, the XT1 monitors biopharma products throughout their entire lifecycle to ensure temperature compliance and quality assurance. It contained the world's smallest temperature tracker as well as ultra-small IoT sensing technology solutions for temperature-sensitive biopharma products. Cold chain logistics challenges today include fragmented temperature monitoring, data aggregation challenges, and incomplete tracking across the supply chain due to outdated temperature data loggers which can be addressed by CubiSens XT1. Powering the CubiSens XT1 is CubeWorks' patented ultra-low power system-on-chip solution. It reduces the number of components in IoT devices by 10 times, making it highly scalable and cost-effective.
Bio-Pharmaceutical Logistics Market Players
Major companies operating in the bio-pharmaceutical logistics market report are Kuehne + Nagel International AG, FedEx Corporation, SF Express Co. Ltd., Dalsey Hillblom and Lynn, Kerry Logistics Network Limited, AmerisourceBergen Corporation, United Parcel Service of America Inc., DB Schenker, Agility Public Warehousing Company K.S.C.P., C.H. Robinson Worldwide Inc., Ceva Logistics, Dansk Supermarked A/S., Nippon Express, GEODIS S.A., Air Canada Cargo, World Courier Inc., QuickSTAT Global Life Science Logistics Inc., Marken, Biocair, Almac Group, PCI Pharma Services Holdings LLC, Cryoport Inc., MNX Global Logistics LLC., Movianto, Clinical Trial Logistics, Thermo Fisher Scientific, World Courier Management Inc., Cardinal Health Inc., Parexel International Corporation, Selvita S.A. .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the bio-pharmaceutical logistics market share in 2023. The regions covered in the bio-pharmaceutical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bio-Pharmaceutical Logistics Market Report Structure
3. Bio-Pharmaceutical Logistics Market Trends And Strategies
4. Bio-Pharmaceutical Logistics Market - Macro Economic Scenario
5. Bio-Pharmaceutical Logistics Market Size And Growth
…..
27. Bio-Pharmaceutical Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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