Biopharmaceuticals Third Party Logistics 3pl Market Size, Share, Growth Analysis, By Supply chain(cold chain and non-cold chain), By Service type(transportation, warehousing and storage), By Region - Industry Forecast 2024-2031

North America's market was the most profitable and held the largest share in 2021, accounting for more than 42.0% of total revenue generated worldwide. This is primarily due to the region's dominance in the biologics and pharmaceutical medication markets, as well as an increase in the number of biopharmaceuticals shipped out of and brought into the region. Furthermore, due to the high cost of medical treatment, the region has a relatively high rate of adoption of various cutting-edge technologies.

The Asia-Pacific region's fastest growth is due to a few factors, including an increasing need for pharmaceuticals among an ageing population, the adoption of technologically enhanced services, and the developing economic conditions in emerging countries such as China and India. Furthermore, the fact that an increasing number of patents will expire in the coming years indicates that there will be a significant shift in the market share of medicine sales away from the original brand manufacturer and toward generic ones. This aspect is expected to increase pharmaceutical sales, as well as import and export. The prevalence of a growing number of diseases is driving up demand for pharmaceuticals and biologics. Because of the high prevalence of type 2 diabetes patients in Asia-Pacific, for example, there is a greater need for insulin in those regions.