Categories: Healthcare

Biopharmaceutical Third-Party Logistics Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Biopharmaceutical Third-Party Logistics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Biopharmaceutical Third-Party Logistics Market:

https://www.thebusinessresearchcompany.com/report/biopharmaceutical-third-party-logistics-global-market-report

According to The Business Research Company’s Biopharmaceutical Third-Party Logistics Global Market Report 2024, The biopharmaceutical third-party logistics market size has grown strongly in recent years. It will grow from $131.23 billion in 2023 to $140.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%.  The  growth in the historic period can be attributed to globalization of pharma supply chains, stringent regulatory requirements, rise in biopharmaceuticals, focus on cold chain logistics.

The biopharmaceutical third-party logistics market size is expected to see strong growth in the next few years. It will grow to $184.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.  The growth in the forecast period can be attributed to personalized medicine growth, biologics and biosimilars expansion, supply chain digitalization, regulatory compliance complexity, covid-19 impact. Major trends in the forecast period include on-demand logistics solutions, sustainability in logistics, last-mile delivery solutions, pharma serialization and traceability, autonomous logistics.

The rising trend of outsourcing logistics is expected to drive the growth of the biopharmaceutical third-party logistics market. Outsourcing logistics involves engaging a third party to handle all or a portion of a company’s logistical activities. Outsourcing logistics is used in biopharmaceutical third-party logistics for outsourcing cryogenic supply chain management to logistics partners. For instance, in December 2021, according to the survey conducted by Gartner Inc., a US-based provider of technological research and consulting, in 2021, out of 298 supply chain professionals in the US around 66% of logistics leaders augmented their budget allocated to logistics outsourcing, and a projected 74% foresee a further increase within the next two years. Therefore, the rising trend of outsourcing logistics is expected to propel the growth of the biopharmaceutical third-party logistics market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=12616&type=smp

The biopharmaceutical third-party logistics market covered in this report is segmented –

1) By Supply Chain: Cold Chain, Non-Cold Chain

2) By Service: Transportation, Warehousing And Storage, Other Services

3) By End-User: Pharmaceutical And Biopharmaceutical Companies, Medical Device Companies, Hospitals And Clinics, Other End-Users

Technological advancements are a key trend gaining popularity in the biopharmaceutical third-party logistics market. Major companies operating in the biopharmaceutical third-party logistics market are focused on launching new products to strengthen their position and gain a competitive advantage. For instance, in November 2022, Celcius Logistics Solutions Pvt Ltd., an India-based provider of logistics services, launched Hyper-Local temperature-controlled delivery services for food and pharma orders. The company offers its last-mile solution, which includes a service suitable for smaller quantities. This service is available in nine cities throughout the country. By implementing a hyperlocal approach, the company guarantees the optimal quality of transported materials by continuously monitoring temperature in real time at each stage of the delivery process.

The biopharmaceutical third-party logistics market report table of contents includes:

 

 

  1. Executive Summary
  2. Biopharmaceutical Third-Party Logistics Market Characteristics
  3. Biopharmaceutical Third-Party Logistics Market Trends And Strategies
  4. Biopharmaceutical Third-Party Logistics Market – Macro Economic Scenario
  5. Global Biopharmaceutical Third-Party Logistics Market Size and Growth

.

.

.

  1. Global Biopharmaceutical Third-Party Logistics Market Competitive Benchmarking
  2. Global Biopharmaceutical Third-Party Logistics Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Biopharmaceutical Third-Party Logistics Market
  4. Biopharmaceutical Third-Party Logistics Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • McKesson Corporation
  • AmerisourceBergen Corporation
  • United Parcel Service of America Inc
  • FedEx Corporation
  • DHL International GmbH

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info  

Facebook: https://www.facebook.com/TheBusinessResearchCompany  

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/  

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model  

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

16 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

16 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

16 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

17 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

17 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

17 hours ago