Press release
Bio-Pharmaceutical Logistics Industry Growth Outlook: 10.7% CAGR and $235.69 Billion by 2029
Bio Pharmaceutical Logistics Market
What Is the Long-Term Growth Forecast for the Bio-Pharmaceutical Logistics Market Size 2025?
In recent times, the bio-pharmaceutical logistics market has experienced significant growth. Its size is projected to increase from $143.19 billion in 2024 to $156.9 billion in 2025, translating to a compound annual growth rate (CAGR) of 9.6%. The historical growth can be linked to factors such as the expansion in clinical trials, the internationalization of pharmaceutical supply networks, the growth in personalized medicine, the sensitiveness of clinical materials to temperature, the emphasis on patient-centric logistics and initiatives to serialize pharmaceuticals.
What CAGR is Forecasted for the Bio-Pharmaceutical Logistics Market Through 2029?
Forecasting indicates a swift expansion in the bio-pharmaceutical logistics market, with predictions it will inflate to $235.69 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.7%. Factors contributing to this growth throughout the projected period include an expanding gene and cell therapies market, the adoption of sustainable logistical practices, an increase in orphan drug development, utilisation of autonomous vehicles, and a surge in demand for biologics and biosimilars, coupled with precision medicine logistics. Other notable trends throughout this forecast period encompass the integration of technology within logistics, digital transformation within supply chains, risk mitigation and contingency planning, strategic partnerships and alliances, and the wider use of patient-centric distribution models.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/bio-pharmaceutical-logistics-global-market-report
What Are the Critical Factors Driving Bio-Pharmaceutical Logistics Market Development?
The bio-pharmaceutical logistics market is predicted to be boosted by the increasing application of biologics. Biologics are potent medicinal products that are derived from or contain parts of living organisms. Due to their sensitivity, these biological drugs can interact with storage containers or packing elements and often require cold or even cryogenic storage facilities. Biopharmaceutical logistics ensure the correct handling of biopharmaceutical entities such as plasma, and temperature-sensitive products, enabling the availability of crucial healthcare products like biologics, medicines, and vaccines. For example, a study by IQV, a pharma clinical research company, in January 2024 stated that there was a 14% global increase in medicine use over the last five years. It also forecasted a further 12% rise through 2028, estimating the annual usage to reach 3.8 trillion defined daily doses. Thus, the surging application of biologics is fueling the growth of the bio-pharmaceutical logistics market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8947&type=smp
How Does the Bio-Pharmaceutical Logistics Market Break Down Across 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, Super markets, Other End Users
Subsegments:
1) By Cold Chain Logistics: Refrigerated Transport, Temperature-Controlled Warehousing, Packaging Solutions, Monitoring Systems
2) By Non-Cold Chain Logistics: Ambient Transport, Standard Warehousing, General Packaging Solutions
What Are the Major Trends Transforming the Bio-Pharmaceutical Logistics Industry?
One prevalent trend in the bio-pharmaceutical logistics market is the progression towards technological innovation. To maintain their standings in the market, major companies are adopting cutting-edge technologies. For instance, in September 2022, CubeWorks, a US-based firm known for providing state-of-the-art smart sensing solutions, rolled out the CubiSens XT1, a revolutionary visibility solution for cold chain logistics. This first-of-its-kind temperature tracker monitors biopharma products across their complete lifecycle, assuring temperature compliance and quality control. It boasts the smallest temperature tracker globally, featuring ultra-compact IoT sensing technology for temperature-sensitive biopharma goods. The CubiSens XT1 can solve contemporary cold chain logistics issues - fragmented temperature monitoring, data compilations troubles, and insufficient tracking across the supply chain due to outmoded temperature data loggers. CubeWorks' patented ultra-low power system-on-chip solution powers the CubiSens XT1. It decreases the quantity of components in IoT gadgets by tenfold, making it extremely scalable and cost-efficient.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=8947&type=smp
Which Players Are Driving Innovation in the Bio-Pharmaceutical Logistics Market?
Major companies operating in the bio-pharmaceutical logistics market include 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, 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.
Which Regions Are Driving Global Bio-Pharmaceutical Logistics Market Expansion?
North America was the largest region in the bio-pharmaceutical logistics market share in 2024. The regions covered in the bio-pharmaceutical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bio-Pharmaceutical Logistics Industry Growth Outlook: 10.7% CAGR and $235.69 Billion by 2029 here
News-ID: 4256066 • Views: …
More Releases from The Business Research Company
Emerging Trends to Drive Animal Microchip Implant Market Growth at 8.1% CAGR Thr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Animal Microchip Implant Market Size Growth Forecast: What to Expect by 2025?
The market for animal microchip implants has seen robust expansion in the past few years. From $1.07 billion in 2024, the market's expected to surge to $1.16 billion in 2025, registering a compound annual growth rate (CAGR)…
Global Floating Production Storage And Offloading Market Size, Share, and Foreca …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Floating Production Storage And Offloading Market Size Forecast for 2025?
In recent times, the market size for floating production storage and offloading has seen robust growth. It is anticipated to escalate from $21.2 billion in 2024 to $22.7 billion in 2025, marking a compound annual growth rate…
Alternate Transportation Market Size to Reach $470.95 Billion by 2029 | Growth a …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Alternate Transportation Industry?
The market size of alternative transportation has seen a swift expansion in the past few years. The growth is anticipated to rise from $261.27 billion in 2024 to $293.83 billion in 2025, growing at a Compound Annual Growth Rate (CAGR)…
Parabolic Flight Tourism Market on Path to Hit $160.95 Billion by 2029 at 37.4% …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Parabolic Flight Tourism Market Outlook: What Size And CAGR Are Anticipated By 2025?
Recent years have witnessed an explosive growth in the size of the parabolic flight tourism market. It is expected to scale up from a valuation of $33.73 billion in 2024 to a substantial $45.2 billion in 2025,…
More Releases for Logistics
Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is…
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,…
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database
The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.…
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with…
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026.
The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.…
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s.
The study objectives of this report are:
To analyze global Third-Party Logistics status, future forecast,…
