Market Highlights:
The report published by Market Research Future (MRFR) on the Global Healthcare Cold Chain Logistics Market 2020 offers indispensable insights on its growth dynamics. The introduction of new temperature sensitive healthcare products is creating the demand for effective cold chain packaging transportation solutions. This is observed to generate numerous growth scope for logistics service providers. In recent times, the expansion of pharma logistics market due to the growing cold chain requirements is also noted. The upscaling demand for dependent logistics operations along with the causes are expected to promote the market in the near future. However, the lack of implementation of techniques that facilitate the maintenance of cold chain logistics can hinder the market rise in the forthcoming years.
The global Healthcare Cold Chain Logistics Market Share is expected to register a CAGR of 7.89% during the forecast period and is expected to hit USD 22,024.66 million by 2027.
The surge in medicine imports from different countries is predicted to stimulate the expansion of the healthcare cold chain logistic market share in the upcoming period. The improvement in the logistic chain with augmented transportation capabilities is likely to spur the healthcare cold chain logistic market.
List of Key Companies Covered in this Report:
- Cardinal Health
- Amerisource Bergen
- Envirotainer
- Thermoking
- FedEx
- Sonoco Thermosafe
- Phoenix Group
- B Medical Systems
- Agility
- Dokasch
- VRR
- Lec Medical
- Stirling Ultracold
- Walden Group
- Omega Logistics
- Fiege
- Coldtainer
- Almac Group
- Coldman Logistics
- Cavalier Logistics
Segment Analysis:
The global healthcare cold chain logistics market has been divided based on product, services, mode of delivery, temperature range, storage techniques range, and end user.
The healthcare cold chain logistics market, based on product, has been segregated into vaccines, biopharmaceuticals, clinical trial materials, and others. On the basis of services, the global market is divided into transportation, storage, packaging, labeling, and others. Based on mode of delivery, the global market is bifurcated into last-mile delivery and hubs-to-distributor. On the basis of temperature range, the global market is segmented into ambient, refrigerated, frozen, and cryogenic. By storage techniques range, the global market is segmented into electrical refrigeration, dry ice, gel packs, liquid nitrogen, and others. Based on end user, the global market is divided into hospitals & clinics, pharmaceutical, biopharmaceutical, & biotechnology companies, and others.
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Regional Analysis:
The growing demand for cold chain logistics due to the emerging trend of personalized drugs can support expansion of North America. The rise in requirement of personalized, temperature sensitive drugs, among the expanding patient pool and geriatric population can contribute significantly to the rise of the regional global healthcare cold chain logistics market in the near future. The extensive research taking place in the field of molecular biotechnology and stem cell induce need for cold chain logistics that can aid the regional healthcare cold chain logistics market to rise at decent pace.
In Europe, the rise in export trading of pharmaceuticals as government and non-government organizations focus on offering effective healthcare facilities can support expansion of the market in the near future. Initiatives, such as; mass immunization, which requires temperature-controlled chambers for storage are creating the need for cold chain logistics for interrupted transportation. Thus, the R&D segment can foster considerable revenue for EU healthcare cold chain logistics market in the near future.
The rise in number of clinical trials for the development of COVID 19 vaccine and the increase in need for new treatment methods for temperature-sensitive blood and tissue samples to design various types of drugs can support expansion of APAC market. The rise in utility of cold chain logistics to ensure safe delivery and distribution of thermolabile products can add to the rise of the regional market.
Key Findings of the Study:
- The global healthcare cold chain logistics market was valued at USD 10,669.18 million in 2019 and is projected to register a 7.89% CAGR during the assessment period.
- The Americas accounted for the largest share of the global market due to the well-developed healthcare sector and the presence of leading players.
- Based on product, the vaccines segment accounted for the largest market share of 36.8% in 2019.
- On the basis of services, the storage segment is expected to register the fastest growth at a CAGR of 8.78% during the forecast period.
- Based on mode of delivery, the hubs-to-distributor segment accounted for the largest market share with a value of USD 7,255.53 million in 2019.
- By end user, the pharmaceutical, biopharmaceutical, and biotechnology companies segment accounted for the largest market share in 2019.
- Sterling Ultracold (US), FedEx (US), Phoenix Group (UK), Sonoco Thermosafe (US), and B Medical Systems (Luxembourg) are the key market players.
Browse Detailed TOC with COVID-19 Impact Analysis at:
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Market Overview:As per the latest report published by Market Research Future (MRFR), the Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 7.54% between 2018 and 2023.
Unbroken cold chain services the gaining popularity in the healthcare sector.
Market opportunities for cold chain in healthcare is expected to increase in the years to come.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/6550Development of novel biopharmaceutical products that require uninterrupted refrigeration is also auguring well for service providers.
Hence increasing preference for personalized drugs by the large patient pool and rapidly increasing geriatric population is resulting in the significant growth of the global healthcare cold chain logistics market.
With increasing research in the field of molecular biotechnology and extensive stem cell research are inducing high demand for cold chain logistics in the healthcare sector, resulting in the rapid expansion of the global healthcare cold chain logistics market.The export of pharmaceuticals has increased in the last few years as the governmental and non-governmental organizations are focusing on providing healthcare facilities in the underdeveloped regions.
Initiatives such as mass immunization, which requires vaccines stored in temperature-controlled chambers, in various developing and underdeveloped regions are generating demand for cold chain logistics for the transportation of temperature-sensitive medications, leading to the expansion of the global healthcare cold chain logistics market.However, the improper implementation of techniques and technologies required for maintaining the consistency across the process is likely to pose a threat for the expansion of the global healthcare cold chain logistics market in the forthcoming years.Market Segmentation:The report includes a detailed segmental analysis of the market based on product type, storage techniques, end user and services.
Cold Chain Logistics Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cold chain logistics market include AmeriCold Logistics, LLC, Lineage Logistics Holdings, LLC, VersaCold Logistics Services, AGRO Merchants Group, LLC, Nichirei Logistics Group Inc., Preferred Freezer Services, Congebec Logistics Inc., Burris Logistics Inc., Conestoga Cold Storage, Tippmann Group.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cold Chain Logistics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cold-chain-logistics-market/download-sampleMarket DynamicsThe global cold chain logistics market is witnessing an uptrend with worldwide trade and supply chains growth.
Growing e-commerce of food and pharmaceuticals products and expanding shipping and import & export of food and drugs & pharmaceuticals products primarily drive the global cold chain logistics market.
The growing need to transport perishable and temperature sensitive products safely over long distances and technological advancement is accelerating demand for cold chain logistics.
