A recent report published by Infinium Global Research on bio-pharmaceutical logistics market provides in-depth analysis of segments and sub-segments in the global as well as regional bio-pharmaceutical logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bio-pharmaceutical logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bio-pharmaceutical logistics market. According to the report, the global bio-pharmaceutical logistics market is projected to grow at a CAGR of 7.8% over the forecast period of 2019-2025.
In an organization, logistics deals with the procurement, planning, and implementation of process activities in the forward and reverse transportation of goods from one place to another. Temperature control, regulatory compliance, security, safety and chain of custody are the key obstacles for the biopharmaceutical manufacturers at every turn from the manufacturing stage to distribution. As a remedy, the strategic supply chain management will help the manufacturers to overcome these obstacles. Logistics is the key integral part of supply chain management, which deals with procurement, planning, and implementation of all the logistics activities in an organization. The pharmaceutical industry utilizes logistic services for the complete administration of the distribution of medicinal products and devices to different end users where they are required. These logistics services help the biopharmaceutical companies have a continuous supply of drugs, and other components from suppliers and distributors of various locations.
The strong biopharmaceutical sales coupled with a rapidly growing biopharmaceutical industry is the primary factor that drives the growth of biopharmaceutical logistics market. The top players in the pharmaceutical market are investing heavily in biopharmaceutical innovations and advancements. Thus, this is anticipated to escalate the growth of biopharmaceutical logistics market worldwide. Additionally, increasing bio-similar launches are contributing to the growth of the biopharmaceutical logistics market. The introduction of mobile cloud solutions, robotics, real-time monitoring and other advanced technologies in the biopharmaceutical logistics are boosting the growth of biopharmaceutical logistics market. Moreover, ongoing innovations in the logistics and interactions of cloud computing and software are projected to create several growth opportunities in the biopharmaceutical logistics market in the near future.
Among the geographies, North America holds the maximum market share in the biopharmaceutical logistics market followed by Europe. North America is anticipated to dominate the growth of biopharmaceutical logistics market over the forecast period. High adoption of cloud-based solution in the biopharmaceutical logistics is the key factor that drives the growth of North America biopharmaceutical logistics market. Furthermore, Asia Pacific is the fastest growing region in the biopharmaceutical logistics market. The growing demand for the cold chain transport coupled with rapidly developing biopharmaceutical accountable for the growth of biopharmaceutical logistics market in the Asia Pacific.
The report on global bio-pharmaceutical logistics market covers segments such as transport, product type, and mode of transportation. On the basis of transport, the sub-markets include cold-chain transport, and non cold-chain transport. On the basis of product type, the sub-markets include generic drugs, and branded drugs. On the basis of mode of transportation, the sub-markets include air shipping, sea shipping, road shipping, and rail shipping.
The report provides profiles of the companies in the market such as Fedex Corporation, Deutsche Post DHL Group, Panalpina World Transport Ltd, United Parcel Service, Inc., Ceva Logistics LLC, Amerisource Bergen Corporation, Panalpina Group, Kuehne + Nagel International AG, C.H. Robinson Worldwide, Inc., XPO Logistics, Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bio-pharmaceutical logistics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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