The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global bio-pharmaceutical logistics market is on a robust growth path, with expectations to surge from $119.84 billion in 2022 to $132.48 billion in 2023, at an impressive Compound Annual Growth Rate (CAGR) of 10.5%. Looking ahead, the market is projected to reach $192.67 billion by 2027, maintaining a strong CAGR of 9.8%.

• Driving Force: Surge in Biologics Usage
  • Biologics, potent medications derived from living organisms, are driving the bio-pharmaceutical logistics market.
  • These drugs, including plasma and temperature-sensitive products, necessitate specialized handling, often requiring cold or cryogenic storage.
  • In 2020, the US FDA approved 53 new molecular entities (NMEs), 13 of which were biologics, underlining the significance of these medicines.
  • Revenues from biological drugs in the USA were double those from non-biologic drugs in 2021, reaching $17 billion.

Market Leaders Steering the Course

Major players in the bio-pharmaceutical logistics market play a pivotal role in shaping the industry’s dynamics. Notable entities include Kuehne + Nagel International AG, FedEx Corporation, SF Express (Group) Co Ltd., DHL, 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, DSV A/S, Nippon Express, GEODIS, and Air Canada Cargo.

Technological Marvels Transforming Logistics

Technological advancement emerges as a key trend in the bio-pharmaceutical logistics market, with major companies at the forefront of innovation. Noteworthy advancements include CubeWorks’ CubiSens XT1, a groundbreaking visibility solution for cold chain logistics.

• Innovative Technology Integration:
  • CubiSens XT1, launched in September 2022, is a next-gen temperature tracker for cold chain logistics.
  • The XT1 monitors biopharma products throughout their lifecycle, ensuring temperature compliance and quality assurance.
  • Featuring the world’s smallest temperature tracker and ultra-small IoT sensing technology, it addresses challenges like fragmented temperature monitoring and incomplete tracking.
  • Powered by CubeWorks’ patented ultra-low power system-on-chip solution, it offers scalability and cost-effectiveness.

Market Segmentation: A Deeper Dive

The global bio-pharmaceutical logistics market unfolds its complexity through comprehensive segmentation, providing insights into various aspects of this evolving industry.

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

Regional Dominance: North America Takes the Lead

As of 2022, North America has emerged as the forerunner in the bio-pharmaceutical logistics market, securing the largest share. This regional dominance is a testament to the region’s significant role in shaping the trajectory of the industry.

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The Bio-Pharmaceutical Logistics Global Market Report 2023 provides an overviewof the bio-pharmaceutical logistics market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The bio-pharmaceutical logistics market forecast analyzes bio-pharmaceutical logisticsmarket size, bio-pharmaceutical logistics market share,leading competitor and their market positions.

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