Biopharmaceutical 3PL Market Size, Share, Trend, Growth, and Forecast to 2028

Biopharmaceutical 3PL Market Size

The global Biopharmaceutical 3PL market, which was estimated at about  93.1 (USD Billion) in 2019 and is predicted to accrue earnings worth  119.5(USD Billion) by 2026, is set to record a CAGR of nearly 5.8% during 2020-2026. The report offers a valuation and analysis of the Biopharmaceutical 3PL market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Biopharmaceutical 3PL Market: Overview

Biopharmaceutical 3PL are the services that are outsourced by pharma firms through third-party vendors. It includes receipt of medicines, biologics, and vaccines in the warehouse and fulfillment of inventory orders. Additionally, BioPharma third-party logistics helps the pharma & healthcare organizations for maintaining logistics to effectively deliver medicines for patient treatment. It also assists in reducing drug costs through the minimization of overhead expenses along with seamless product supply. BioPharma 3PL facilitates the enhancement of transport services, thereby raising organizational efficiency.

Precisely, BioPharma 3PL includes activities such as medicine transport by using efficient modes of transport as well as advanced vehicles in which temperature controlling facility is available.

Biopharmaceutical 3PL Market: Growth Dynamics

Escalating preference for outsourcing logistics and the huge focus of giant pharma firms on expanding their distribution networks with huge product sales will steer the biopharmaceutical 3PL market surge over 2020-2026. In addition to this, an increase in new biosimilar launches will embellish market trends. Moreover, the advent of the spectrum of biosimilars, generic medicines, and biologics will favorably leverage biopharmaceutical 3PL industry growth in the years ahead. Apart from this, rising ecological awareness among the pharma firms and means adopted by these firms for reducing GHG emissions as a part of corporate social responsibility will prompt the market size.

Furthermore, huge funding of research activities and need for creating value-added services will steer the growth of the biopharmaceutical 3PL industry over the upcoming years. The Discovery of various kinds of precision medicines, as well as regenerative drugs, will bolster the expansion of the biopharmaceutical 3PL industry over the ensuing years. Breakthroughs in biotechnology and the introduction of new vaccines as well as novel methods of biomarker testing will create new growth avenues for the biopharmaceutical 3PL industry over the forecast timeline.

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Regional Landscape

North America Biopharmaceutical 3PL Market Size To Hit Scalable Heights By 2026

The growth of the regional market during 2020-2026 is due to rise in the imports & exports of biopharmaceutical drugs. Apart from this, humungous healthcare spending along with massive improvements in transport & warehousing as well as logistics activities will steer the size of the biopharmaceutical industry in North America over the years ahead.

Biopharmaceutical 3PL Market: Report Scope

Competitive Landscape

Key participants profiled in the study are

• FedEx, DB Schenker
• SF Express
• DHL International GmbH
• United Parcel Service of America, Inc.
• Kerry Logistics Network Limited
• AmerisourceBergen Corporation
• KUEHNE + NAGEL.

The global Biopharmaceutical 3PL Market is segmented as follows:

By Service Type:

• Warehousing
• Transportation
• Storage

By Supply Chain:

• Cold Chain 
• Non-Cold Chain

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa