Global Biopharmaceutical Logistic Revenue Is Nearly 68 Billion USD In 2016
Friday, 09 Nov, 2018
Biopharmaceutical Logistics is the logistics of Biopharmaceutical, medical and surgical supplies, and other products needed to support doctors, nurses, and other health and dental care providers. Because it’s final customers are responsible for the lives and health of their patients, medical logistics is unique in that it seeks to optimize effectiveness rather than efficiency. Medical logistics functions comprise an important part of the health care system: after staff costs, medical supplies are the single most expensive component of health care. To drive costs out of the health-care sector, medical logistics providers are adopting supply chain management theories.
In the last several years, global market of Biopharmaceutical Logistic developed smoothly, with an average growth rate of 4%. In 2016, global revenue of Biopharmaceutical Logistic is nearly 68 billion USD.
Biopharmaceutical Logistic are broken down to Ground Shipping, Sea Shipping, Air Shipping according to shipping mode. The most proportion of shipping mode is Air Shipping, and the proportion is about 45% in 2016.
Air shipping is set to dominate the biopharmaceutical logistics market. The expansion of the air shipping segment is attributed to air freight being the fastest way of transporting pharmaceutical products with negligible damage or product deterioration, which is desired for transporting temperature-sensitive vaccines and critical biologic drugs. However, air shipping has a limitation of volume which can be transferred, so sea shipping and ground shipping will outpace air shipping in volume growth during the forecast period.
North America is the largest consumption place, with a consumption market share nearly 34.5% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 30%.
Market competition is intense. Deutsche Post DHL, Kuehne + Nagel, FedEx, AmerisourceBergen, UPS (Marken), DB Schenker etc. are the leaders of the industry, and they hold key technologies, with high-end customers; have been formed in the monopoly position in the industry.