DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h7cz3g/pharmaceutical) has announced the addition of the "Pharmaceutical Logistics Market in North America 2015-2019" report to their offering.
The pharmaceutical logistic market in North America to grow at a CAGR of 8.38% in terms of revenue over the period 2014-2019
This report covers the present scenario and the growth prospects of the pharmaceutical logistics market in North America for the period 2015-2019. To calculate the market size, it considers revenue generated by third party logistics service providers.
Pharmaceutical logistics vendors in North America have found new opportunities in the biological drugs market, which can increase their revenue and market share. The biological drug market is growing due to increased usage of biological drugs for the treatment of many chronic diseases. Many patients are now choosing biological drugs as they cause fewer side effects and are also effective in the treatment of diseases such as cancer, diabetes, rheumatoid arthritis, growth disorders, and infections such as hepatitis A, hepatitis B, and other viral infections. Biological drugs provide considerable growth opportunities to vendors because of the increasing demand for biopharmaceuticals. As a result, vendors in the market are investing heavily in R&D to develop novel biological components to treat different diseases.
According to the report, the demand for the outsourcing of logistics activities to global and local vendors has increased over the years. Vendors in North America are outsourcing their logistics functions and activities to logistics companies to cut costs and increase margins. Many companies in North America manage some of their logistics supply chain functions in-house. However, logistics functions such as customs clearance and transportation are being outsourced to other parties because of the difficulties maintaining trucks and achieving optimum levels of resource utilization. Hence, transportation management in North America provides huge scope for logistics providers.
Further, the report states that one of the major challenges faced by the pharmaceutical logistics market in North America is the growing regulatory pressures and tougher standards imposed by governments.
- CEVA Logistics
- DB Schenker
- Kuehne and Nagel
- United Parcel Service of America
Other Prominent Vendors
- Air Canada Cargo
- Cold Chain Technologies
- CSafe Global
- L&M Transportation Services
- Nordic Cold Storage
- TNT Express
- UTi Transport Solutions
- World Courier Management
For more information visit http://www.researchandmarkets.com/research/h7cz3g/pharmaceutical