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Global Biopharmaceutical Third-Party Logistics Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Biopharmaceutical Third-Party Logistics
How Big Is the Biopharmaceutical Third-Party Logistics Market Size Expected to Be by 2034?
The Biopharmaceutical Third-Party Logistics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Biopharmaceutical Third-Party Logistics Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Biopharmaceutical Third-Party Logistics Market?
The biopharmaceutical third-party logistics market covered in this report is segmented -
1) By Supply Chain: Cold Chain, Non-Cold Chain
2) By Service: Transportation, Warehousing And Storage, Other Services
3) By End-User: Pharmaceutical And Biopharmaceutical Companies, Medical Device Companies, Hospitals And Clinics, Other End-Users
Subsegments:
1) By Cold Chain: Refrigerated Transport, Temperature-Controlled Storage, Specialized Packaging
2) By Non-Cold Chain: Ambient Transport, Standard Storage Solutions, General Packaging Methods
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What Long-Term Drivers Are Shaping Biopharmaceutical Third-Party Logistics Market Trends?
The growth in the biopharmaceutical third-party logistics market is anticipated to be fueled by the increasing tendency to outsource logistics. This involves commissioning a third party to oversee some or all of a corporation's logistical undertakings. In the biopharmaceutical third-party logistics sector, outsourcing logistics is used, for instance, to delegate the management of the cryogenic supply chain to logistics partners. For example, as per the US Department of Transportation's Bureau of Transportation Statistics, in February 2024, for-hire freight shipments grew by 1.8% in December 2023, in comparison with December 2022. Meanwhile, the Freight Transportation Services Index went up from 136.6 in December 2022 to 139.1 in December 2023. Hence, the burgeoning trend of outsourcing logistics is set to boost the growth of the biopharmaceutical third-party logistics market.
Who Are the Top Competitors in Key Biopharmaceutical Third-Party Logistics Market Segments?
Major companies operating in the biopharmaceutical third-party logistics market include McKesson Corporation, AmerisourceBergen Corporation, United Parcel Service of America Inc., FedEx Corporation, DHL International GmbH, Kuehne + Nagel International AG, SF Express Co Ltd., DB Schenker, CH Robinson Worldwide Inc., Nippon Express Group, Expeditors International of Washington Inc., Sinotrans Limited, XPO Logistics Inc., Kerry Logistics Network Limited, Bollore Logistics, Catalent Inc., Almac Group, VersaCold Logistics Services, Cryoport Inc., Agility Logistics Corp, Fisher Clinical Services, CEVA Logistics Inc., LifeScience Logistics, Cold Chain Technologies LLC, Langham Logistics, Airpharm Logistics, Express Courier International, Bio Pharma Logistics, PCI Pharma Services
What Biopharmaceutical Third-Party Logistics Market Trends Are Gaining Traction Across Different Segments?
The rise of technological innovation is a primary trend dominating the biopharmaceutical third-party logistics market. To enhance their market position and competitive edge, leading companies in this market are introducing new products. For example, in November 2022, Celsius Logistics Solutions Pvt Ltd., a logistics service provider based in India, initiated Hyper-Local temperature-regulated delivery services for food and pharma supplies. The firm's last-mile solution is designed to cater to small quantities and is accessible in nine cities across the nation. With the application of a hyperlocal strategy, the business ensures the highest quality of transported goods by constantly tracking temperature in real time throughout the delivery journey.
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Which Regions Are Becoming Hubs for Biopharmaceutical Third-Party Logistics Market Innovation?
North America was the largest region in the biopharmaceutical third party logistics market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biopharmaceutical third-party logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biopharmaceutical Third-Party Logistics Market?
2. What is the CAGR expected in the Biopharmaceutical Third-Party Logistics Market?
3. What Are the Key Innovations Transforming the Biopharmaceutical Third-Party Logistics Industry?
4. Which Region Is Leading the Biopharmaceutical Third-Party Logistics Market?
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