The Biopharmaceutical Third-Party Logistics Global Market Report 2023, provides comprehensive information on the biopharmaceutical third-party logistics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Biopharmaceutical Third-Party Logistics Market’s Growth:
The global biopharmaceutical third party logistics market is expected to grow from $122.36 billion in 2022 to $131.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The biopharmaceutical third party logistics market is expected to reach $170.26 billion in 2027 at a CAGR of 6.7%.
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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 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
North America was the largest region in the biopharmaceutical third-party logistics market in 2022.
The table of contents in TBRC’s biopharmaceutical third-party logistics market report includes:
- Executive Summary
- Biopharmaceutical Third-Party Logistics Market Characteristics
- Biopharmaceutical Third-Party Logistics Market Trends And Strategies
- Biopharmaceutical Third-Party Logistics Market – Macro Economic Scenario
- Global Biopharmaceutical Third-Party Logistics Market Size and Growth.
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- Global Biopharmaceutical Third-Party Logistics Market Competitive Benchmarking
- Global Biopharmaceutical Third-Party Logistics Market Competitive Dashboard
- Key Mergers And Acquisitions In The Biopharmaceutical Third-Party Logistics Market
- Biopharmaceutical Third-Party Logistics Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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