Report ID: UCMIG35A2259
Report ID:
UCMIG35A2259 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The estimated market size of the global biopharmaceutical third-party logistics was USD 119.8 billion in 2021, and it is expected to grow at a CAGR of 5.9% during the forecast period. The market growth is driven by various factors such as the increasing trend of outsourcing logistics services by biopharmaceutical companies, the focus of pharmaceutical players on optimizing their distribution networks due to strong sales performance, and the rising number of biosimilar launches in the market. These factors collectively contribute to the expansion of the biopharmaceutical third-party logistics market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2259