Global Biopharmaceutical Third-party Logistics Market Size study & Forecast, by Supply Chain (Cold chain, Non-cold chain), by Service Type (Transportation, Warehousing and storage, Others) and Regional Analysis, 2022-2029

Global Biopharmaceutical Third-party Logistics Market Size study & Forecast, by Supply Chain (Cold chain, Non-cold chain), by Service Type (Transportation, Warehousing and storage, Others) and Regional Analysis, 2022-2029

Global Biopharmaceutical Third-party Logistics Market is valued at approximately USD 119.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2022-2029. Biopharmaceutical Third-party Logistics is referred to as a facility that helps in delivering precise therapies on time to medical clinics, pharmacies, hospitals, and physician practices. They also provide support to various companies such as pharmaceutical, biotech, and medical device along with carefully coordinating the fulfillment and distribution of the required products on time. The growing trend of outsourcing logistics, favorable government initiatives, and increasing technological developments are primary factors that are fostering the growth of the global market.

The flourishing development of the biopharmaceutical industry is directly associated with the growth of the Biopharmaceutical Third-party Logistics Market. According to a Statista analysis, in 2018 the global biopharmaceutical industry was estimated to be worth around USD 5.28 trillion and in 2021, the amount rises to USD 7.15 trillion. Consequentially, the development of the biopharmaceutical industry is positively influencing the growth of Biopharmaceutical Third-party Logistics Market across the globe. Moreover, the rising globalization and trade activities and a rise in the demand for cold chain logistics are anticipated to act as catalyzing factors for the market demand during the forecast period. However, the dearth of logistics professionals and lack of control of shippers on logistics services impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Biopharmaceutical Third-party Logistics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the high expenditure on healthcare services and presence of major players. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing demand for medicines among the aging population, and rising proliferation of technologically advanced services in the market space.

Major market players included in this report are:
DHL International GmbH
SF Express
United Parcel Service of America, Inc
AmerisourceBergen Corporation
DB Schenker
Kuehne and Nagel
Kerry Logistics Network Ltd.
Agility Logistics
McKesson Corporation
FedEx Corporation

Recent Developments in the Market:
 In August 2020, United Parcel Service of America, Inc. declared that the company is developing its two big freezer farms competent for super-cooling lakhs COVID-19 vaccine doses to pre-prepare for the day medicine is needed to be delivered at high speed worldwide.

Global Biopharmaceutical Third-party Logistics Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Supply Chain, Service Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Supply Chain:
Cold chain
Non-cold chain

By Service Type:
Transportation
Warehousing and storage
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

DHL International GmbH
SF Express
United Parcel Service of America, Inc
AmerisourceBergen Corporation
DB Schenker
Kuehne and Nagel
Kerry Logistics Network Ltd.
Agility Logistics
McKesson Corporation
FedEx Corporation

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