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Bio-Pharmaceutical Logistics Industry Growth Outlook: 10.7% CAGR and $235.69 Billion by 2029
Bio Pharmaceutical Logistics Market
What Is the Long-Term Growth Forecast for the Bio-Pharmaceutical Logistics Market Size 2025?
In recent times, the bio-pharmaceutical logistics market has experienced significant growth. Its size is projected to increase from $143.19 billion in 2024 to $156.9 billion in 2025, translating to a compound annual growth rate (CAGR) of 9.6%. The historical growth can be linked to factors such as the expansion in clinical trials, the internationalization of pharmaceutical supply networks, the growth in personalized medicine, the sensitiveness of clinical materials to temperature, the emphasis on patient-centric logistics and initiatives to serialize pharmaceuticals.
What CAGR is Forecasted for the Bio-Pharmaceutical Logistics Market Through 2029?
Forecasting indicates a swift expansion in the bio-pharmaceutical logistics market, with predictions it will inflate to $235.69 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.7%. Factors contributing to this growth throughout the projected period include an expanding gene and cell therapies market, the adoption of sustainable logistical practices, an increase in orphan drug development, utilisation of autonomous vehicles, and a surge in demand for biologics and biosimilars, coupled with precision medicine logistics. Other notable trends throughout this forecast period encompass the integration of technology within logistics, digital transformation within supply chains, risk mitigation and contingency planning, strategic partnerships and alliances, and the wider use of patient-centric distribution models.
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What Are the Critical Factors Driving Bio-Pharmaceutical Logistics Market Development?
The bio-pharmaceutical logistics market is predicted to be boosted by the increasing application of biologics. Biologics are potent medicinal products that are derived from or contain parts of living organisms. Due to their sensitivity, these biological drugs can interact with storage containers or packing elements and often require cold or even cryogenic storage facilities. Biopharmaceutical logistics ensure the correct handling of biopharmaceutical entities such as plasma, and temperature-sensitive products, enabling the availability of crucial healthcare products like biologics, medicines, and vaccines. For example, a study by IQV, a pharma clinical research company, in January 2024 stated that there was a 14% global increase in medicine use over the last five years. It also forecasted a further 12% rise through 2028, estimating the annual usage to reach 3.8 trillion defined daily doses. Thus, the surging application of biologics is fueling the growth of the bio-pharmaceutical logistics market.
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How Does the Bio-Pharmaceutical Logistics Market Break Down Across Major Segments?
The bio-pharmaceutical logistics market covered in this report is 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
Subsegments:
1) By Cold Chain Logistics: Refrigerated Transport, Temperature-Controlled Warehousing, Packaging Solutions, Monitoring Systems
2) By Non-Cold Chain Logistics: Ambient Transport, Standard Warehousing, General Packaging Solutions
What Are the Major Trends Transforming the Bio-Pharmaceutical Logistics Industry?
One prevalent trend in the bio-pharmaceutical logistics market is the progression towards technological innovation. To maintain their standings in the market, major companies are adopting cutting-edge technologies. For instance, in September 2022, CubeWorks, a US-based firm known for providing state-of-the-art smart sensing solutions, rolled out the CubiSens XT1, a revolutionary visibility solution for cold chain logistics. This first-of-its-kind temperature tracker monitors biopharma products across their complete lifecycle, assuring temperature compliance and quality control. It boasts the smallest temperature tracker globally, featuring ultra-compact IoT sensing technology for temperature-sensitive biopharma goods. The CubiSens XT1 can solve contemporary cold chain logistics issues - fragmented temperature monitoring, data compilations troubles, and insufficient tracking across the supply chain due to outmoded temperature data loggers. CubeWorks' patented ultra-low power system-on-chip solution powers the CubiSens XT1. It decreases the quantity of components in IoT gadgets by tenfold, making it extremely scalable and cost-efficient.
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Which Players Are Driving Innovation in the Bio-Pharmaceutical Logistics Market?
Major companies operating 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, World Courier Inc., QuickSTAT Global Life Science Logistics Inc., Marken, Biocair, Almac Group, PCI Pharma Services Holdings LLC, Cryoport Inc., MNX Global Logistics LLC., Movianto, Clinical Trial Logistics, Thermo Fisher Scientific, World Courier Management Inc., Cardinal Health Inc., Parexel International Corporation, Selvita S.A.
Which Regions Are Driving Global Bio-Pharmaceutical Logistics Market Expansion?
North America was the largest region in the bio-pharmaceutical logistics market share in 2024. The regions covered in the bio-pharmaceutical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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