Biopharmaceutical Third-party Logistics Market Historical Data & Forecasts 2030
Biopharmaceutical Third-party Logistics Industry Overview The global biopharmaceutical third-party logistics market size was estimated at USD 119.8 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 5.9% over the forecast period. The rising trend of outsourcing logistics, the focus of pharmaceutical players on their distribution network owing to its strong sales numbers, and a rise in the number of biosimilar launches are some of the key factors driving the market. In 2020, the coronavirus pandemic disrupted the biopharmaceutical industry’s supply chain. During the development of the COVID-19 vaccine, the pharmaceutical and cold chain sectors were pushed to innovate, creating temperature-controlled packages to meet the needs of new deep-frozen COVID-19 vaccine storage and increased demand for existing supplies. Gather more insights about the market drivers, restrains and growth of the Global Biopharmaceutical Third-party Logistics Market Th...