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Apr 11, 2020 Xherald — Global Bio-pharmaceutical Logistics Market, By Logistics Type (Cold-chain Transport, and Non Cold-chain Transport), By Product Type (Generic Drugs, and Branded Drugs), By Mode of Transportation (Air Shipping, Road Shipping, Sea Shipping, and Rail Shipping) By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast to 2025
The Global Biopharmaceutical Logistics Market is expected to grow at a CAGR of 6.7% during the forecast period 2015-2025. As per the analysis, the global market was valued $72.3 billion in the year 2015 and is anticipated to reach $122.2 billion by the end of the year 2025.
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Biopharmaceutical Logistics is a platform that offers logistics for medical supplies, surgical supplies, biopharmaceutical and other products that are required to support dental care providers, nurses and health specialist.
The biopharmaceutical logistics market growth is driven by various drivers that include growth in the production of biologics, complex and vaccine proteins and hormone medications that require cold chain shipment. Moreover, transportation and conveyance of pharmaceutical products also require specific temperature that witness a considerable growth of the global biopharmaceutical logistics market.
Almost every industry around the world is impacted by coronavirus, as major countries have imposed the lockdown and sieged their borders that are shared with any other foreign countries to limit the entry or exit of any person. Hence, these restrictions are impacting the local as well as global business. Biopharmaceutical logistics industry is a majorly impacted among those industries, as China is a major manufacturing hub for the world and is responsible for producing ~40% of the active pharmaceutical ingredients (APIs) for the global pharma industries. Moreover, China also supplies ~80% of key starting materials (KSM's)–chemicals that are used in APIs, to India, which represents ~70% of all APIs globally. This shows that the world is highly dependent upon China considering the pharma industry, and disruption due to outbreak of Coronavirus in the region and afterwards its spread to different parts of the globe, the biopharmaceutical logistics would witness negative impact for the future period.
Segmentation Overview of the Global Biopharmaceutical Logistics Market
The global biopharmaceutical logistics market is segmented on the basis of Logistic Type, Product Type, Mode of Transportation and Retail Format. These market segments are further categorized into various sub-segments to study the market in detail.
The Logistic Type Segment of the Global Bio-Pharmaceutical Logistics Market is Sub-Segmented into:
- Cold Chain Logistics
- Non-Cold Chain Logistics
The Product Type Segment of the Global Bio-Pharmaceutical Logistics Market is Sub-Segmented into:
- Generic Drugs
- Branded Drugs
The Mode of Transportation Segment of the Global Bio-Pharmaceutical Logistics Market is Sub-Segmented into:
- Air Shipping
- Sea Shipping
- Road Shipping
- Rail Shipping
The Retail Format Segment of the Global Bio-Pharmaceutical Logistics Market is Sub-Segmented into:
- Specialty stores
- Hyper markets
- Departmental Stores
- Other Retailers
Geographical Overview of the Global Biopharmaceutical Logistics Market
On the basis of geographical segmentation, the global biopharmaceutical logistics market is bifurcated as U.S., Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia under the head of various regions such as North America, Europe, Asia-Pacific and Rest of the World.
As per the analysis, North America region is expected to dominate the global market considering the market value which is followed by Europe over the forecast period. The regional dominance is attributed to various factors such as large number of import and export of pharmaceuticals products and innovations related to advanced technologies for the advancement of transportation and warehousing in the supply chain.
Whereas, the Asia Pacific region is expected to witness lucrative growth opportunities during the forecast period. The regional growth is due to increasing demand for medicines among geriatric population and increasing prevalence of various chronic diseases. Hence, these factors cumulatively contribute to the increasing demand for biologics and pharmaceuticals and that in turn will influence the growth of the biopharmaceutical logistics market. Moreover, the billion dollar cold chain market in countries of the APAC region is also boosting the biopharmaceutical logistic market during the forecast period.
Key Players Insights
SF Express, Kerry Logistics, Sinotrans, GEODIS, Nippon Express, DSV, Agility, VersaCold, Panalpina, XPO Logistics, UPS (Marken), AmerisourceBergen, FedEx, DB Schenker, Kuehne + Nagel, Deutsche Post DHL and other prominent players are included in the research study of the global biopharmaceutical logistics market. The market players are adopting various strategies to withhold the majority of the market share in the long-term. Some of the strategical developments are product launches, partnerships, collaborations and many more.
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COMTEX_364431496/2649/2020-04-11T15:58:07
The MarketWatch News Department was not involved in the creation of the content.
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