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Bio-Pharmaceutical Logistics Market Surges to $157.61 Billion by 2025 with 10.1% CAGR: Driven by Clinical Trials, Pharmaceutical Supply Chain Globalization, and Personalized Medicine
Bio-Pharmaceutical Logistics Market
What Is The Projected Market Size Of The Global Bio-Pharmaceutical Logistics Market And Its Growth Rate?
- The bio-pharmaceutical logistics market is segmented by type into Cold Chain Logistics and Non-Cold Chain Logistics.
- The services provided include Transportation, Warehousing And Distribution, and Value Added Services.
- The retail format ranges from Specialty Stores, Hypermarkets to Departmental Stores.
- It has various applications such as Ground Shipping, Sea Shipping, and Air Shipping.
- The end users of this market are Pharmaceuticals, Biopharmaceuticals, Pharmacies, Hospitals, Clinics, Supermarkets, and Other End Users.
- The market size is expected to grow rapidly from $143.19 billion in 2024 to $157.61 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%.
What Is Driving The Growth In The Bio-Pharmaceutical Logistics Market?
The inherent rising demand for biologics is propelling growth in the bio-pharmaceutical logistics market. Evolving healthcare needs require effective medical treatments that are based on individual patient genes, proteins, or environment. Biologics, derived from humans, animals, and microorganisms, cater to these unique requirements. The proliferation of such personalized treatment approaches results in a heightened need for specific logistic solutions, thus contributing to the market's rapid growth.
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Who Are the Key Players Driving Bio-Pharmaceutical Logistics Market Growth?
- The increasing demand for personalized medicine is expected to propel the growth of the bio-pharmaceutical logistics market.
- Personalized medicine refers to the customization of medical decisions, practices, interventions, and drug therapies to the individual patient.
- Bio-pharmaceutical logistics tailored to the unique needs of personalized medicine enhance the overall effectiveness, safety, and accessibility of individualized treatments.
- For instance, in October 2022, according to reports published by STAT, a US-based health-oriented news company, there were more than 75,000 genetic testing products and 300 personalized medicines.
What Are The Key Trends In The Bio-Pharmaceutical Logistics Market?
- Rapid growth in clinical trials
- Globalization of pharmaceutical supply chains
- Increase in personalized medicines
- Surge in temperature-sensitive clinical materials
- Focus on patient-centric logistics
- Advancements in pharmaceutical serialization initiatives
What Are The Segments Of The Global Bio-Pharmaceutical Logistics Market?
- Types: Cold Chain Logistics and Non-Cold Chain Logistics.
- Services: Transportation, Warehousing and Distribution, and Value Added Services.
- Retail Formats: Specialty Stores, Hypermarkets, Departmental Stores.
- Applications: Ground Shipping, Sea Shipping, Air Shipping.
- End Users: Pharmaceuticals, Biopharmaceuticals, Pharmacies, Hospitals, Clinics, Supermarkets, Others.
Which Region Leads The Bio-Pharmaceutical Logistics Market?
In August 2022, CRYOPDP, a France-based company providing innovative temperature-controlled logistics solutions to clinical research, acquired Polar Express for an undisclosed amount. This acquisition showcases an expansion pattern, primarily in Europe, to provide robust logistics solutions to both global and local customers. Given the increasing demand for temperature-controlled shipping for bio-pharmaceutical and biological commodities, Spain-based Polar Express provides a compelling foothold for the company's expansion in the region.
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What Is Covered In The Bio-Pharmaceutical Logistics Market Global Market Report?
- Market Size Analysis: Analyze the Bio-Pharmaceutical Logistics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bio-Pharmaceutical Logistics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bio-Pharmaceutical Logistics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bio-Pharmaceutical Logistics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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