Freelancer Global Market Research Report Bio-pharmaceuticals market forecasts repotrt 2018
Bio-pharmaceuticals Logistics Market Analysis to 2025
The pharmaceutical industry utilizes logistics services for the complete administration of the
distribution of medicinal products and devices to different end users where they are required. These
logistics services help the pharmaceutical companies have a continuous supply of drugs, devices and
equipment from suppliers and distributors of various locations. The global prescription drug sales
have more than doubled in the past ten years and is expected to surpass one trillion in terms of
sales value by the end of 2020. Moreover, patent rights for several leading drugs are set to expire,
indicates that large portion of sales will shift from original brand manufacturer to generic
manufacturers. Similarly, other sectors, the pharmaceutical industry are also undergoing the
geographic shift in its production facilities and sales markets. Markets like Asia, Latin America,
Middle East, China, etc. are becoming increasingly attractive to these pharmaceutical companies,
however, these markets are considered as the most challenging in terms of supply chain regulations.
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Pharmaceutical logistics aids in handling transport issues such as, temperature control, regulatory
compliance, security, safety and chain of custody are for bio-pharmaceutical manufacturers at every
turn. In every organization, logistics is the key integral part of the supply chain management, which
deals with procurement, planning and implementation of all the logistics activities. The effective
logistics management will help the pharmaceutical companies to have a constant supply of drugs,
devices and equipment from various dealers and distributors in different locations. Increasing
number of patents and rise in global pharmaceutical industry are expected to be the key factors for
the growth of bio-pharmaceutical market in the coming years. In the coming few years, patent
rights for several leading drugs are set to expire, indicating shift of large portion of sales from
original brand manufacturer to generic manufacturers. Similar to other sectors, the pharmaceutical
industry is also undergoing the geographic shift in its production facilities and sales markets. Markets
like Asia, Latin America, Middle East, China are becoming increasingly attractive to these
pharmaceutical companies. However, these markets are considered as the most challenging in terms
of supply chain regulations.
Top Players:-
FedEx Corporation
Panalpina World Transport Ltd.
United Parcel Services
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Logistics-Market-Analysis-to-2025
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