Global Biopharmaceutical Logistics Market Anticipated to Witness Strong Growth at a CAGR of 6.2% through 2024

Published on : Jun 07, 2017

Albany, New York, June 7, 2017: An increasing number of biopharmaceutical companies are moving their business away from traditional wholesale and distributor models to a direct delivery model. The direct delivery market is growing fast, and as a result, the structure of the supply chain is changing rapidly. Logistics allows the pharmaceutical companies to establish consistency as well as efficiency through the international supply chain market. Considering this fact, Market Research Hub (MRH) has recently announced the addition of a new market report to its vast online repository with the title “Biopharmaceutical Logistics Market- Global Industry Analysis, Size, Growth, Share, Trends and Forecast 2016 - 2024”. This research study is a combination of primary and secondary research which presents a comprehensive analysis of the current state as well as the future opportunities in the global biopharmaceutical logistics market.

Logistics market is gaining popularity due to fast track execution and better communication, even this market is in constant process to reduce packaging costs. The pharmaceutical sector chooses logistics for a complete management of obtaining, storing and moving the resources to the end users as per their needs. As per the findings, the global biopharmaceutical logistics market is forecast to exhibit a CAGR of 6.2% during 2016-2024. At this pace, the market will reach a maximum value of US$120.7 bn by 2024 from US$70.9 bn in 2015.

At first, the report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. Detailed qualitative analysis of factors responsible for driving and confining market growth as well as opportunities has been provided in the market overview section. In terms of geography, the market has been analyzed in some prime regions, such as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Logistics provides a constant supply of biopharmaceutical products like vaccines, somatic cells antibodies and other biomolecules from sellers and traders in different places. It also allows the transport of pharmaceutical drugs which do not require cold chain control. The market for biopharmaceutical logistics is expected to gain profitable growth by some crucial factors such as logistics providers having local contacts and know-how, innovation in packaging and increased manufacture and use of biologic drugs. The research finds that, biopharma logistics is expected to gain considerable growth in the emerging countries in Asia compared to North America and Europe.

By modes of transportation, biopharmaceutical logistics mainly includes air shipping, sea shipping, road shipping and rail shipping. Based on type, the global biopharmaceutical logistics market has been segmented into cold chain logistics and non-cold chain logistics. Among these, the market for cold chain is perceiving a higher growth rate owing to the rise in manufacture and transport of biologic drugs and those drugs which require temperature controlled shipping.

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Key companies profiled in the report include FedEx Corporation, Ceva Logistics LLC, United Parcel Service, Inc., Amerisource Bergen Corporation, XPO Logistics, Inc., Panalpina Group, Kuehne + Nagel International AG, Deutsche Post DHL Group, DB Schenker and C.H. Robinson Worldwide, Inc.

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