Biopharmaceutical Logistics Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2024

Logistics is an essential segment of supply chain management. Logistics allows the pharmaceutical companies to establish consistency as well as efficiency through the international supply chain market. The pharmaceutical sector opts logistics for a complete management of acquiring, storing and moving the resources to the end users as per their needs. Logistics provides a continuous supply of bio pharmaceutical products like vaccines, anti-bodies, somatic cells and other biomolecules from sellers and traders in different places. It also allows the transport of pharmaceutical drugs which do not require cold chain control. Nowadays, the pharmaceutical companies have even started to outsource the logistics domain of the company to the third parties. Logistics market is gaining popularity due to fast track execution and better communication, even this market is in constant process to reduce packaging costs. The market has also witnessed rapid growth due to mergers and acquisitions by the existing players. The market for biopharmaceutical logistics shall be driven by factors such as logistics providers having local contacts and know-how, innovation in packaging and increased manufacture and use of biologic drugs.

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Global Biopharmaceutical Logistics Market, by Type
Cold Chain Logistics
Non-cold Chain Logistics

Global Biopharmaceutical Logistics Market, by Mode of Transportation
Air Shipping
Sea Shipping
Road Shipping
Rail Shipping

Global Biopharmaceutical Logistics Market, by Service
Transportation
Warehousing

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Global Biopharmaceutical Logistics Market: Segmentation

Based on type, the global biopharmaceutical logistics market has been segmented into cold chain logistics and non-cold chain logistics. Although the overall pharmaceutical market has more products requiring non-cold chain based logistics transport, the market for cold chain is witnessing a higher growth rate owing to the rise in manufacture and transport of biologic drugs and those drugs which require temperature controlled shipping.

The principal modes of transportation for biopharmaceutical logistics include air shipping, sea shipping, road shipping and rail shipping. New regulations in the U.S., the European Union, and elsewhere, has radically lengthened the list of drugs requiring temperature-controlled handling. Specifically, new rules for handling products that fall into the controlled ambient (15 to 25 degrees C) category has upsurged the demand for temperature controlled handling. This has led to many pharmaceutical companies resorting to air shipping for such critical products. However, concerns over cost containment has led to the trend of increased preference for transporting pharmaceuticals by sea and road, wherever possible.

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