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Biopharmaceutical Third-party Logistics Market Size & Share, By Supply Chain (Cold Chain, Non-cold Chain), Service Type (Transportation, Warehousing & Storage), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 5865

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Published Date: Aug-2024

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Format : PDF, Excel

التوقعات السوقية:

Biopharmaceutical Third-party Logistics Market surpassed USD 133.72 Billion in 2023 and is expected to exceed USD 227.84 Billion by end of the year 2032, observing around 6.1% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 133.72 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

6.1%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 227.84 Billion

19-23 x.x %
24-32 x.x %
Biopharmaceutical Third-party Logistics Market

Historical Data Period

2019-2023

Biopharmaceutical Third-party Logistics Market

Largest Region

North America

Biopharmaceutical Third-party Logistics Market

Forecast Period

2024-2032

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سوق الديناميكية:

Growth Drivers & Opportunity:

One of the primary growth drivers for the Biopharmaceutical Third-party Logistics Market is the increasing demand for biopharmaceutical products. As the healthcare industry shifts towards biologics and biosimilars due to their efficacy in treating various diseases, there is a corresponding rise in the need for efficient logistics solutions. Third-party logistics providers can streamline the supply chain management of these sensitive products by ensuring proper handling, storage, and transportation conditions are met, thus facilitating their distribution to healthcare providers and patients swiftly and safely.

Another significant growth driver is the advancement of technology in logistics services. The integration of real-time tracking systems, temperature-controlled transportation, and automation in warehouses enhances the overall efficiency of the supply chain. This technological progression allows companies to monitor their biopharmaceutical products closely throughout the logistics process, minimizing the risks of spoilage and ensuring compliance with stringent regulatory requirements. As biopharmaceutical companies seek to optimize their operations and reduce costs, the adoption of innovative logistics solutions becomes increasingly appealing.

The globalization of healthcare markets also represents a substantial opportunity for the Biopharmaceutical Third-party Logistics Market. As biopharmaceutical firms expand their reach to international markets, they require logistics partners with expertise in navigating the complexities of international shipping, customs regulations, and distribution networks. Third-party logistics providers that can offer these capabilities not only strengthen their market position but also help biopharmaceutical companies tap into new customer bases, ultimately driving growth in the sector.

Report Scope

Report CoverageDetails
Segments CoveredSupply Chain, Service Type
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledDHL International., SF Express, United Parcel Service of America,, AmerisourceBergen, DB Schenker, Kuehne and Nagel, Kerry Logistics Network., Agility

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Industry Restraints:

A significant restraint within the Biopharmaceutical Third-party Logistics Market is the stringent regulatory framework governing the transportation and storage of biopharmaceutical products. Regulatory bodies impose rigorous guidelines to ensure product safety, quality, and efficacy, which can complicate logistics operations. This complexity requires third-party logistics providers to maintain high compliance standards, invest in specialized training, and implement sophisticated tracking systems. The cost and effort associated with adhering to these regulations can deter some logistics providers from entering the market or expanding their services.

Another critical restraint is the sensitivity of biopharmaceutical products to environmental conditions. Many biopharmaceuticals must be stored and transported within specific temperature ranges to maintain their integrity. This requirement necessitates significant investment in specialized equipment and infrastructure, such as refrigerated transport and climate-controlled warehouses. The high capital expenditure associated with these technologies can be a barrier for smaller logistics companies, limiting competition and potentially affecting the overall growth of the market.

التوقعات الإقليمية:

Biopharmaceutical Third-party Logistics Market

Largest Region

North America

42% Market Share in 2023

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North America:

The biopharmaceutical third-party logistics market size in North America, specifically the United States and Canada, is expected to witness significant growth due to the increasing demand for biopharmaceutical products in the region. The presence of major biopharmaceutical companies and advancements in technology are driving the growth of the market. Additionally, the increasing focus on outsourcing logistics services to third-party providers is also expected to contribute to the market growth in North America.

Asia Pacific:

In Asia Pacific, particularly in countries like China, Japan, and South Korea, the biopharmaceutical third-party logistics market is expected to grow at a rapid pace. The increasing investments in the healthcare sector, along with the rising demand for biopharmaceutical products, are driving the market growth in the region. Moreover, the presence of a large population base and a growing incidence of chronic diseases are expected to further fuel the demand for biopharmaceutical third-party logistics services in Asia Pacific.

Europe:

In Europe, including countries like the United Kingdom, Germany, and France, the biopharmaceutical third-party logistics market is witnessing substantial growth. The presence of established biopharmaceutical companies, along with the increasing adoption of advanced logistics technologies, is driving the market growth in the region. Additionally, the growing focus on reducing operational costs and improving efficiency is also expected to boost the demand for third-party logistics services in the biopharmaceutical industry in Europe.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Biopharmaceutical Third-party Logistics Market
Biopharmaceutical Third-party Logistics Market

تحليل التجزئة:

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In terms of segmentation, the global Biopharmaceutical Third-party Logistics market is analyzed on the basis of Supply Chain, Service Type.

Biopharmaceutical Third-party Logistics Market

Cold Chain Supply Chain

The cold chain segment of the biopharmaceutical third-party logistics market size is anticipated to witness significant growth due to the increasing demand for temperature-sensitive pharmaceutical products. These products require specialized storage and transportation to maintain their efficacy and quality throughout the supply chain. Companies offering cold chain services play a critical role in ensuring that these biopharmaceutical products reach their destination in optimal condition, thereby driving the growth of this segment.

Non-cold Chain Supply Chain

The non-cold chain supply chain segment of the biopharmaceutical third-party logistics market is also expected to experience steady growth. Many pharmaceutical products do not require strict temperature control, making non-cold chain logistics a cost-effective solution for companies in the biopharmaceutical industry. Services such as transportation and warehousing are essential for the efficient distribution of non-cold chain products, contributing to the overall growth of this segment.

Transportation Service Type

Transportation services are a crucial component of the biopharmaceutical third-party logistics market, facilitating the movement of pharmaceutical products from manufacturing facilities to distribution centers and ultimately to the end consumer. The transportation segment includes air, ocean, road, and rail transportation, with each mode offering unique advantages based on the specific requirements of the biopharmaceutical industry. Companies specializing in transportation services play a vital role in ensuring timely and secure delivery of biopharmaceutical products, driving the growth of this service type.

Warehousing & Storage Service Type

Warehousing and storage services are essential for the efficient management of inventory in the biopharmaceutical third-party logistics market. These services involve the storage of pharmaceutical products in designated facilities, ensuring proper inventory management and distribution to meet the demand of the market. Companies offering warehousing and storage services play a critical role in maintaining the quality and integrity of biopharmaceutical products, contributing to the growth of this service type.

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مشهد تنافسي:

The competitive landscape in the Biopharmaceutical Third-party Logistics Market is characterized by the presence of a mix of global and regional players who are strategically positioning themselves to cater to the complex distribution needs of biopharmaceutical products. Companies in this sector are focusing on technological innovations, operational efficiency, and compliance with stringent regulatory standards to ensure the safe and timely delivery of temperature-sensitive medications. The increasing demand for biologics and biosimilars is pushing providers to enhance their logistics capabilities, including specialized storage and transportation solutions. Partnerships with biopharmaceutical companies for integrated supply chain solutions and advancements in tracking and monitoring technologies are becoming common strategies for maintaining a competitive edge. Furthermore, the rise of e-commerce and digital supply chain solutions is transforming traditional logistics models, presenting both challenges and opportunities for market participants.

Top Market Players

- DHL Supply Chain

- FedEx Corporation

- UPS Healthcare

- XPO Logistics

- Thermo Fisher Scientific

- Kuehne + Nagel

- Cardinal Health

- DB Schenker

- Cegelec

- KINACOUSTIC

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Biopharmaceutical Third-party Logistics Market Siz...

RD Code : 24