Europe and North America to Lead Global
Biopharmaceutical Logistics Market
Among the key regional segments, North America and Europe are
anticipated to witness high growth throughout the forecast period. The high
growth of these regions can be attributed to the increasing number of imports
and exports for biopharmaceuticals. In addition, these two regions are the
first ones to offer advanced technologies for the enhancement of warehousing
and transportation in the supply chain. The presence of leading players in
these regions and the willingness to adopt technological developments are some
of the other key factors that are anticipated to encourage the growth of the
biopharmaceutical logistics market throughout the forecast period.
On the basis of mode of transport, the global market for
biopharmaceutical logistics has been classified into air shipping, sea
shipping, rail shipping, and road shipping. Among these, the air shipping
segment is anticipated to register a healthy growth in the forecast period. The
high growth of this segment can be attributed to the fast delivery offered by
air shipping. On the other hand, the limitations on the volume of
transportation by air shipping, the growth opportunities for road shipping, sea
shipping, and rail shipping have increased significantly.
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Growing Need to Offer Safe and Fast Transportation
to Drive Market
The rising demand among biotechnology and biopharmaceutical companies to
enhance their services and supply chain and further minimize temperature
excursions is one of the major factor estimated to encourage the growth of the
overall market in the next few years. The advent of advanced refrigeration and
packaging has encouraged several logistics organizations to ensure safe
transportation of goods. The increased adoption of technologies is estimated to
generate promising growth opportunities for the global biopharmaceutical
logistics market throughout the forecast period.
On the other hand, the high cost of transportation of high-temperature
and sensitive biopharmaceuticals is estimated to restrict the growth of the
global biopharmaceutical logistics market in the next few years. Nonetheless,
the rising production of drugs and targeted therapies is likely to offer
potential growth opportunities for the players operating in the market.
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This information is based on the findings of a research report published
by Transparency Market Research (TMR), titled “Biopharmaceutical Logistics
Market (Type - Cold Chain Logistics and Non-cold Chain Logistics; Mode of
Transportation - Air Shipping, Sea Shipping, Road Shipping, and Rail Shipping;
Service - Transportation and Warehousing) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024.”
Key Takeaways:
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The biopharmaceutical logistics market has been segmented as below:
Global Biopharmaceutical Logistics Market, by Type
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Global Biopharmaceutical Logistics Market, by Mode of Transportation
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Global Biopharmaceutical Logistics Market, by Service
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Global Biopharmaceutical Logistics Market, by Geography
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