What Are The Key Growth Metrics And Projections For The Global Bio-Pharmaceutical Logistics Market?
The bio-pharmaceutical logistics market size has grown significantly in recent years and is poised to grow further. From $143.19 billion in 2024, it is set to expand to $157.61 billion in 2025, representing a compound annual growth rate (CAGR) of 10.1%. This growth in the historic period can be primarily attributed to a rise in clinical trials, globalization of pharmaceutical supply chains, increased focus on personalized medicine and patient-centric logistics, and current initiatives around pharmaceutical serialization. The market size is expected to show rapid growth in the coming years, reaching $238.06 billion in 2029 at a CAGR of 10.9%. This future growth is projected with expectations of gene and cell therapies market growth, rise in orphan drug development, adoption of autonomous vehicles, and increasing demand for biologics and biosimilars.
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What Factors Are Fueling The Growth Of The Bio-Pharmaceutical Logistics Market?
A key growth driver for the bio-pharmaceutical logistics market is the increasing use of biologics. Biologics are powerful medication products produced from living organisms or contain components of living organisms. Due to their sensitivity, these biological drugs can interact with containers or packaging components, thus necessitating cold or even cryogenic storage. Bio-pharmaceutical logistics provides services for handling such biopharmaceuticals, facilitating access to life-saving healthcare products like biologics, medicines, and vaccines. With global use of medicines expected to increase by 12% through 2028, the need for efficient and robust bio-pharmaceutical logistics is critical.
How Is The Bio-Pharmaceutical Logistics Market 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
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What Are The Major Players In The Bio-Pharmaceutical Logistics Market?
Leading companies 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, and World Courier Inc.
Which Trends Are Emerging In The Bio-Pharmaceutical Logistics Market?
Technological advancement is a key trend gaining popularity in the bio-pharmaceutical logistics market. Companies are leveraging innovative technologies to maintain their market position. For instance, CubeWorks, a US-based company, launched CubiSens XT1, a next-generation visibility solution for cold chain logistics. This cutting-edge temperature tracker monitors biopharma products throughout their lifecycle to assure temperature compliance and quality.
Which Region Holds The Largest Share In The Bio-Pharmaceutical Logistics Market?
In 2024, North America held the largest share in the bio-pharmaceutical logistics market. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Will You Gain From The Bio-Pharmaceutical Logistics Market Report 2025?
The Bio-Pharmaceutical Logistics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Biopharmaceutical logistics encompasses the transportation, warehousing, packing, and shipping, as well as inventory management of biopharmaceuticals.
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