IMARC Group, a leading market research company, has released a report titled “Biopharmaceutical Third Party Logistics (3PL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global biopharmaceutical third party logistics (3PL) market size reached US$ 116.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 161.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Biopharmaceutical third party logistics (3PL) refers to the transportation of medicines using advanced vehicles. These vehicles are specially designed to automate temperature and reduce the possibility of human errors during transportation. Biopharmaceutical 3PL helps carry various medical products, maintain inventory of the goods and fulfill orders. It also minimizes overhead expenses, ensures uninterrupted product supply and improves the transportation services of an organization.
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The rising demand for effective logistics systems to safely transport temperature-sensitive medicines is one of the key factors driving the growth of the global biopharmaceutical 3PL market. Furthermore, the emerging trend of outsourcing logistics by medical organizations to optimize their distribution network is propelling market growth. As coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for 3PL logistics to minimize drug supply disruptions and prioritize the availability of critical care drugs. Moreover, various technological advancements and growing environmental concerns among pharmaceutical companies to reduce carbon footprint are creating a positive outlook for the market.
- Agility Logistics
- AmerisourceBergen Corporation
- DB Schenker (Deutsche Bahn)
- DHL International GmbH (Deutsche Post)
- FedEx Corporation
- Kerry Logistics Network Limited
- Kuehne + Nagel International AG
- McKesson Corporation
- SF Express Co. Ltd.
- United Parcel Service of America Inc.
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The report has segmented the market on the basis of Product Type, Distribution Channel, Packaging Type and Region.
Breakup by Supply Chain:
- Cold Chain
- Non-Cold Chain
Breakup by Service Type:
- Air Freight
- Sea Freight
- Warehousing and Storage
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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