Biologics Logistics Market Statistics & Facts – TBRC

Posted by praneeth on April 9th, 2019

The pharmaceutical drugs logistics market involves establishments dealing in the logistics of pharmaceutical and biologic drugs from the manufacturer to the end-user. It includes transportation, warehousing, inventory management and other logistics functions. The pharmaceutical industry utilizes logistics services to distribute medicinal products to different end-users.

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The global pharmaceutical drugs logistics market is expected to reach billion by 2021, growing at a CAGR less than 5% in the forecast period. This is mainly due to the growth in the pharmaceutical drugs logistics market is mainly attributed to the global economic growth, increasing pharmaceutical sales, growing healthcare reforms, and outsourcing trends in the pharmaceutical industry.

 However, the global pharmaceutical drugs logistics market is expected to face restraints from several factors such as stringent regulations in drug distribution, poor infrastructure for cold chain logistics and skill shortages in the market.

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 Pharmaceutical Drugs And Biologics Logistics Market Trends - Several trends witnessed in the global pharmaceutical and biologics logistics industry include increasing consolidation in the industry, shift towards ocean shipments and integration of advanced technologies such as Block chain and IoT in pharmaceutical logistics.

 Pharmaceutical Drugs And Biologics Logistics Market Potential Opportunities - With growing demand of distribution of pharmaceuticals and biologics in emerging economies, rising pharmaceutical sales and outsourcing trends witnessed in the pharmaceutical industry, the scope and potential for the global pharmaceutical and biologics logistics industry is expected to significantly increase in the forecast period.

 

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praneeth

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praneeth
Joined: June 6th, 2018
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