The 2023 report on the “Pharmaceutical 3PL Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Pharmaceutical 3PL Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. A Pharmaceutical 3PL refers to the efficient and safe delivery of pharmaceutical drug products to benefit patient health. It includes cold chain and non-cold chain supply chain. The Pharmaceutical 3PL market is expanding because of factors such as the rising pharmaceutical industry and growing demand from the healthcare sector.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
According to Statista in 2021, the global pharma sector generates revenue of around USD 1.27 trillion in 2020. It includes production, development, and research activities. In 2022, the pharmaceutical market is anticipated to generate revenue of around USD 1,109.0 billion and expected to grow with CAGR of around 5.23 %. Whereas rising technological advancement services and growing R&D activities by market players are creating lucrative opportunities for the market. However, the threat of substitutes hampers the market growth in the forecast period.
The key regions considered for the Global Pharmaceutical 3PL Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising demand for biopharmaceutical third-party logistics, growing biologics and pharmaceutical drugs, and increasing import and export of pharmaceuticals, etc. Whereas the Asia Pacific is expected to grow with fastest growth rate with the highest CAGR owing to the rising technological advanced services and rising economic conditions
Major market players included in this report are:
DHL
FedEx
UPS
Kuehne + Nagel
DB Schenker
Nippon Express
Ceva Logistics
Kerry Logistics
Agility
XPO Logistics
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Recent Developments in the Market:
In February 2022: DHL Supply Chain (the global and North American contract logistics leader) announced a USD 400 million investment in its Life Sciences and Healthcare (LSHC) sector to increase its pharmaceutical and medical device distribution network footprint by 27%, with 3 million additional square feet. This investment includes the establishment of six new US locations by the end of 2022.
January 2021: XPO Logistics Inc. has completed its previously announced acquisition of the majority of Kuehne + Nagel’s contract logistics operations in the United Kingdom and Ireland, as part of its strategy to consolidate third-party logistics (3PL) services.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Function:
Domestic Transportation Management,
International Transportation Management,
Value-added Warehousing and Distribution
By Supply Chain:
Cold Chain
Non-cold Chain
By Region:
North America
U.S.
Canada
Europe
UK
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Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
Market dimension: What is the size of the market at the regional and country level?
Drivers, restraints, opportunities, and challenges: What are the key factors influencing the market and how are they expected to impact it?
International revenue, manufacturing value, consumption value, import and export: What is the economic value and trade dynamics of the market across different regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?
Key producers and their working state of affairs: Who are the leading manufacturers in the market industry and what is their current capacity, production, sales, pricing, costs, gross, and revenue?
Possibilities and threats for market carriers: What opportunities and challenges are faced by the vendors in the global market industry?
Incremental growth prospects for application/end-users and product types: Which specific applications or product types are expected to experience growth opportunities? What is the market share of each type and application?
Targeted strategies and constraints: What strategies are being implemented and what constraints are affecting the market?
Sales, marketing, and distribution channels: What are the different channels used for sales, marketing, and distribution in the global industry?
Upstream raw materials, production equipment, and manufacturing process: What are the raw materials, production equipment, and manufacturing processes involved in the market?
Key market trends: What are the significant trends impacting the growth of the market?
Economic impact and development trends: How does the market industry impact the economy, and what are the development trends within the market?
Overall, the report provides comprehensive insights into the market’s size, drivers, challenges, key players, opportunities, trends, and economic impact, offering a holistic understanding of the market industry.
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