LONDON, April 26, 2019 (GLOBE NEWSWIRE) -- A report from The Business Research Company shows that the pharmaceutical drugs and biologics logistics market is expected to grow from around $80 billion in 2017 to above $97 billion in 2021 at a growth rate of less than 5%.
Growth will result from increasing demand for drugs in general and in particular for temperature-sensitive biopharmaceutical products such as vaccines and blood plasma products. The pharmaceutical drugs and biologics logistics market has benefitted from rising pharmaceutical sales. Governments across the globe are continuously establishing new healthcare reforms triggering the growth of the pharmaceutical market, and rising income levels and urbanization in emerging economies fuel its growth. The advantages to pharmaceutical manufacturers of outsourcing to logistics service providers are another driver. Low cost and greater visibility in the drug distribution chain are the main advantages of outsourcing logistics services and these are becoming an integral part of pharmaceutical companies' business strategy.
Factors that could hinder the growth of this market include poor infrastructure for cold chain logistics, skills shortages in the industry and unstable regulatory environments in emerging countries.
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Pharmaceutical Drugs And Biologics Logistics Global Market Opportunities And Strategies To 2022 is one of a series of new reports from The Business Research Company that provides pharmaceutical drugs and biologics logistics market overviews, analyzes and forecasts pharmaceutical drugs market size and growth for the global pharmaceutical drugs market, pharmaceutical drugs market share, pharmaceutical drugs market players, pharmaceutical drugs market size, pharmaceutical drugs market segments and geographies, pharmaceutical drugs and biologics logistics market trends, pharmaceutical drugs and biologics logistics market drivers and pharmaceutical drugs market restraints, pharmaceutical drugs market’s leading competitors’ revenues, profiles and market shares. The Pharmaceutical Drugs And Biologics Logistics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches. The Business Research Company has over 300 industry reports, covering over 2400 market segments and 56 geographies.
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