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Global Bio-Pharmaceutical Logistics Market Size By Service Type, By Transportation Mode, By Product Type, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Bio-Pharmaceutical Logistics Market Size By Service Type, By Transportation Mode, By Product Type, By Geographic Scope And Forecast

Bio-Pharmaceutical Logistics Market Size And Forecast

Bio-Pharmaceutical Logistics Market size was valued at USD 88.47 Billion in 2023 and is projected to reach USD 136.54 Billion by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030.

Global Bio-Pharmaceutical Logistics Market Drivers

The market drivers for the Bio-Pharmaceutical Logistics Market can be influenced by various factors. These may include

  • Global Biopharmaceutical Industry Growth Specialised logistics services are in high demand due to the biopharmaceutical and pharmaceutical industries’ sustained global growth. The logistics market is growing as a result of increased biopharmaceutical product production and distribution.
  • Tight Regulating Guidelines Specialised logistics solutions are required in the biopharmaceutical business due to stringent regulatory regulations and compliance standards. Businesses in the industry need logistics partners who can follow legal requirements and guarantee product integrity all the way through the supply chain.
  • Products Sensitive to Temperature Gene treatments, vaccines, and biologics are just a few of the biopharmaceutical products that are extremely sensitive to temperature changes. The market for biopharmaceutical logistics is mostly driven by the requirement for temperature-controlled storage and transit options, or “cold chain logistics.”
  • Increased Product Launches and R&D in Biopharmaceuticals Enhancing R&D endeavours in the biopharmaceutical industry, in addition to the introduction of novel products, augment the need for effective logistics solutions. It is essential that newly approved medications and trial materials are transported in a timely and secure manner.
  • Global Clinical Trials Industry Clinical trial supplies and biological samples must be transported across international boundaries with efficiency and dependability due to the biopharmaceutical industry’s globalisation of clinical trials.
  • Increasing Biologs’ Adoption The need for specialised logistics services is fueled by the expanding use of biologics, which are complex medicinal proteins made from live cells. For biologics to continue to be effective, careful handling and storage are frequently necessary.
  • Online shopping Healthcare Trends The need for sophisticated logistical skills is fueled by the growth of e-commerce in the healthcare industry, which includes the direct delivery of medications to patients. Logistics companies specialising in biopharmaceuticals are essential in guaranteeing the prompt and secure delivery of goods to final consumers.
  • The rise of customised healthcare Personalised medicine, which entails creating and promoting customised treatments for each patient, has increased in complexity, which in turn has affected the logistics of the biopharmaceutical business. Personalised medical items demand specialised logistics solutions for handling.
  • Pay Attention to Track-and-Trace Technology The biopharmaceutical logistics industry is driven by the use of cutting-edge track-and-trace technology in the logistics process. By improving supply chain visibility and transparency, these solutions allay worries about product integrity.
  • Distribution of Vaccines and Pandemic Preparedness Worldwide occurrences like the COVID-19 pandemic underscore the significance of prompt and effective vaccination campaigns. In these situations, there is a critical need for logistical services that can manage the widespread distribution of vaccines while maintaining the integrity of the cold chain.

Global Bio-Pharmaceutical Logistics Market Restraints

Several factors can act as restraints or challenges for the Bio-Pharmaceutical Logistics Market. These may include

  • The storage and delivery of biopharmaceutical products need specialised settings due to their extreme sensitivity to temperature. This presents challenges for the cold chain. It is difficult to keep the cold chain intact during the transportation process, and any hiccups can affect the items’ effectiveness and safety.
  • Strict Regulatory Compliance When it comes to the storage and transportation of pharmaceutical items, the biopharmaceutical sector must adhere to stringent regulations. Logistics suppliers may find it difficult, expensive, and time-consuming to comply with these rules, which could limit their ability to operate in the market.
  • Security problems Security problems are a major constraint because of the high value and sensitivity of biopharmaceutical goods. Logistics providers need to make significant investments in strong security systems to safeguard shipments against theft, tampering, and other security threats.
  • Supply Chain Complexity The supply chain for biopharmaceuticals is complicated since it involves a number of parties, regulatory compliance inspections, and several ways of transportation. Advanced logistical solutions are needed to manage this complexity, and any inefficiencies or disruptions could act as constraints.
  • Global Distribution Challenges Customs clearance, differing national laws, and the requirement for international coordination are just a few of the obstacles that biopharmaceutical logistics frequently face. These issues can limit the effectiveness of the logistics process.
  • Cost pressures Handling biopharmaceuticals requires certain needs, such as temperature-controlled storage and shipping, which might raise the cost of logistics. Logistics companies may face constraints due to cost concerns and the requirement to strike a balance between efficiency and compliance.
  • Risk of Product Spoilage If the recommended storage conditions are not followed, there is a risk that the product will deteriorate or spoil, which could result in large losses. One major barrier to growth in the biopharmaceutical logistics market is the possibility of product spoiling.
  • Restricted Shelf Life A lot of biopharmaceutical goods have a short shelf life, thus in order to prevent expiration, the logistics procedure needs to guarantee prompt delivery. This restriction might be a constraint and puts additional strain on the logistical schedule.
  • Technological Advancements and Integration Some logistics providers may be constrained by the need for large investments and integration efforts associated with the adoption of new technologies, such as the Internet of Things (IoT) for real-time monitoring and blockchain for transparent and secure supply chain management.

Global Bio-Pharmaceutical Logistics Market Segmentation Analysis

The Global Bio-Pharmaceutical Logistics Market is Segmented on the basis of Service Type, Transportation Mode, Product Type, And Geography.

Bio-Pharmaceutical Logistics Market, By Service Type

  • Transportation Services Involves the movement of bio-pharmaceutical products from manufacturing facilities to distribution centers, wholesalers, and end-users. Includes air freight, ocean freight, road transportation, and rail transportation.
  • Cold Chain Logistics Specialized logistics services that maintain a specific temperature range throughout the supply chain to preserve the integrity of temperature-sensitive bio-pharmaceutical products.
  • Warehousing Services Storage and management of bio-pharmaceutical products in warehouses, including temperature-controlled storage facilities.
  • Courier, Express, and Parcel (CEP) Services Time-sensitive and express delivery services for bio-pharmaceutical products.

Bio-Pharmaceutical Logistics Market, By Transportation Mode

  • Air Transportation Involves the use of air cargo services for transporting bio-pharmaceutical products quickly and efficiently.
  • Ocean Transportation Shipping bio-pharmaceutical products via ocean freight, often in temperature-controlled containers.
  • Road Transportation Ground transportation using trucks and vehicles equipped with temperature-control systems.
  • Rail Transportation Transportation of bio-pharmaceutical products by rail, suitable for certain regional and intercontinental routes.

Bio-Pharmaceutical Logistics Market, By Product Type

  • Biopharmaceuticals Includes various biological drugs, vaccines, and other biologically derived pharmaceutical products.
  • Cold Chain Pharmaceuticals Temperature-sensitive pharmaceuticals that require specific storage and transportation conditions.
  • Generic Drugs Bioequivalent versions of brand-name pharmaceuticals, transported within the supply chain.
  • Vaccines Transportation of vaccines, including those with strict cold chain requirements.
  • Clinical Trial Materials Logistics services for transporting materials related to clinical trials, including investigational drugs and supplies.

Bio-Pharmaceutical Logistics Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Bio-Pharmaceutical Logistics Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Bio-Pharmaceutical Logistics Market are

  • Deutsche Post DHL Group
  • Kuehne + Nagel
  • UPS (Marken)
  • FedEx
  • DB Schenker
  • AmerisourceBergen
  • XPO Logistics
  • Panalpina
  • Nippon Express
  • GEODIS
  • VersaCold
  • Agility
  • DSV
  • Sinotrans
  • Kerry Logistics

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Deutsche Post DHL Group, Kuehne + Nagel, UPS (Marken), FedEx, DB Schenker, XPO Logistics, Panalpina, Nippon Express

SEGMENTS COVERED

By Service Type, By Transportation Mode, By Product Type, And By Geography.

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