Bio-Pharmaceutical Logistics Market to Reach $235.69 Billion by 2029 at 10.7% CAGR
For organizations targeting expansion, this report delivers actionable intelligence on how the bio-pharmaceutical logistics industry is evolving.
What Is The Projected Market Size & Growth Rate Of The Bio-Pharmaceutical Logistics Market?
The bio-pharmaceutical logistics market size has grown strongly in recent years. It will grow from $143.19 billion in 2024 to $156.9 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rise in clinical trials, globalization of pharmaceutical supply chains, increase in personalized medicine, temperature-sensitive clinical materials, focus on patient-centric logistics, pharmaceutical serialization initiatives.
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What Is The Crucial Factor Driving The Global Bio-Pharmaceutical Logistics Market?
The increasing use of biologics is expected to propel the bio-pharmaceutical logistics market going forward. Biologics refers to powerful medication products that are produced from living organisms or contain components of living organisms. It is possible for biological drugs to interact with containers or packaging components due to their sensitivity, thus requiring cold or even cryogenic storage. Biopharmaceutical logistics provides services for handling biopharmaceuticals such as plasma, and temperature-sensitive products that enable access to life-saving healthcare products such as biologics, medicines, and vaccines.For instance, in January 2024, according to the IQV, a pharma clinical research company, a US-based company, global use of medicines grew by 14% over the past five years, and a further 12% increase is expected through 2028, bringing annual use to 3.8 trillion defined daily doses. Therefore, the increasing use of biologics is driving the bio-pharmaceutical logistics market.
Segment Covered In The Bio-Pharmaceutical Logistics Market Report
The bio-pharmaceutical logisticsmarket 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, Supermarkets, 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
Key Trends Driving Growth In The Bio-Pharmaceutical Logistics Market
Technological advancement is a key trend gaining popularity in the bio-pharmaceutical logistics market. Major companies operating in the market are advancing toward innovative technologies to sustain their position in the market. For instance, in September 2022, CubeWorks, a US-based company providing breakthrough smart sensing solutions launched CubiSens XT1, a next-generation visibility solution for cold chain logistics. As the first temperature tracker of its kind, the XT1 monitors biopharma products throughout their entire lifecycle to ensure temperature compliance and quality assurance. It contained the world’s smallest temperature tracker as well as ultra-small IoT sensing technology solutions for temperature-sensitive biopharma products. Cold chain logistics challenges today include fragmented temperature monitoring, data aggregation challenges, and incomplete tracking across the supply chain due to outdated temperature data loggers which can be addressed by CubiSens XT1. Powering the CubiSens XT1 is CubeWorks’ patented ultra-low power system-on-chip solution. It reduces the number of components in IoT devices by 10 times, making it highly scalable and cost-effective.
Key Player 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.
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Global Bio-Pharmaceutical Logistics Market — Regional Insights:
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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