- The key vendors in the global bio pharma logistics market 2015-2019 are DB Schenker, FedEx, Kuehne+Nagel and UPS.
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global bio pharma logistics market 2015-2019. Outsourcing of labeling and packaging for bio pharma products is a growing trend in the global bio pharma logistics market. It not only reduces the time required for the new product to hit the market, but also enables the firm to focus on its core competencies, reducing in-house regulatory burdens and offloading packaging at peak production periods. The global bio pharma logistics market is expected to grow at a CAGR of 3.91% during 2014-2019.
Many bio pharma logistics companies are focusing on the expansion of their services and product portfolio to meet the global demand for home healthcare. Patients can use portable devices to check their blood pressure, glucose levels, and other vital signs at home. This helps doctors monitor their patients continually. This growth of the home healthcare segment has been a key factor in initiating several business and supply chain changes, and is expected to drive the growth of bio pharma logistics over the next 10 years.
“Bio pharma vendors in the market are investing heavily in the R&D of novel biologic components to improve their efficacy in the treatment of different diseases like cancer, diabetes, rheumatoid arthritis, and growth disorders, and infections like hepatitis A, hepatitis B, and other viral infections,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Bio Pharma Logistics Market 2015-2019, please send an e-mail to media@TechNavio.com
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