PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579895
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579895
The Global Biopharmaceutical Logistics Market is set to experience robust of USD 125.47 billion and it is projected to grow at the CAGR of 5.93% during the forecast period 2024-2032, driven by the increasing adoption of temperature-regulated transportation for critical drugs and therapeutics. The market is bolstered by the rising need for efficient supply chains, advanced cold chain infrastructure, and next-generation technologies, all of which support the production and distribution of biologics, vaccines, and other temperature-sensitive products. According to a study by EY-FICCI, the growing burden of diseases such as cancer is expected to fuel the demand for efficient diagnostics and therapeutics, further emphasizing the need for robust logistics solutions to maintain the integrity of these treatments during transportation.
As the biopharmaceutical landscape evolves, the complexities associated with handling biologics, hormone medications, and temperature-specific byproducts are leading to a surge in demand for specialized cold chain logistics. Additionally, the increased focus on time-sensitive deliveries and efficient last-mile services reflects the commitment of logistics providers to meet healthcare demands promptly and maintain patient welfare. Furthermore, the market benefits from rising investments in cold chain infrastructure, especially since the onset of the COVID-19 pandemic, as well as advancements in digital technologies for tracking and monitoring. However, the industry faces challenges in the form of stringent regulatory compliance, rising operational costs, and the need to maintain uninterrupted supply chains amid global disruptions.
The cold chain logistics segment is expected to see a significant boost through 2032, driven by the rising production of temperature-controlled biologics and pharmaceutical products. The integration of telematics and other advanced technologies in cold chain logistics is enhancing safety and efficiency across the biopharmaceutical supply chain.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Additionally, the Asia-Pacific region is forecasted to witness notable growth due to the rising geriatric population and the solid presence of pharmaceutical giants in countries such as China and India.