Healthcare cold chain logistics Market Overview
Increasing export, advancing biomedical facilities, growing investment in the stem cell research departments and advancements made in personalized drugs sector are factors that can trigger the growth of the healthcare cold chain logistics market. All these areas require a controlled atmosphere which is increasing the demand for such extensive services. However, lack of expert technicians to handle such cutting-edge devices can pose challenges for the healthcare cold chain logistics market growth during the forecast period.
The latest report on the Healthcare cold chain logistics Market, published by Market Research Future (MRFR), reveals a possibility for the global market to achieve a 7.89% CAGR during the forecast period. It can pick up a valuation of USD 16588.3 million by the end of 2027. Cold chain logistics is profoundly impacting the healthcare sector as its applicational reach varies right from manufacturing to distribution. Diverse pharmaceutical products need controlled ambience to increase the shelf-life of the products. Hence, the need for such technology is on the rise.
However, cold chain logistics are penetrating the healthcare sector at a moderate rate due to the sophisticated and elaborate process; especially in developing countries. Other factors obstructing the growth of the global healthcare cold chain logistics market include a lack of infrastructure and a proper regulatory framework in underdeveloped countries although governments in some emerging economies are also taking corrective action to augment healthcare cold chain logistics services, fueling market growth.
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Healthcare cold chain logistics Market Segmentation
- The MRFR report includes a detailed segmentalanalysis of the market based on product type, storage techniques, end user and services.
- Based on product type, the healthcare cold chain logistics market is segmented into clinical trial materials, vaccines, biopharmaceuticals, and others.
- Based on product type, the market has been segmented into clinical trial materials, vaccines, biopharmaceuticals, and others. The vaccine segment is expected to propel the market growth owing to its significant contribution to the pharmaceutical market to generate revenues for the industry. Considering the popularization of biopharmaceuticalproducts among people the biopharmaceutical segment is likely to experience significant growth in the upcoming years.
- Based on services, the market has been segmented into packaging, transportation, storage and others. Cold chain transportation services form a crucial part of the entire healthcare cold chain logistics and the transportation segment is likely to contribute majorly in the market proliferation
- Based on storage techniques, the market has been segmented into liquid nitrogen, electrical refrigeration, gel packs, dry ice and others. The electric refrigeration segment is expected to scale up to USD 4,700 Mn valuation by 2023 end
- Based on end user, the market has been segmented into research institutes, hospitals and clinics, biopharmaceuticalcompanies, and others. The biopharmaceutical segment is expected to grow with the highest CAGR during the forthcoming period.
Healthcare cold chain logistics Market Regional Analysis
Based on the region, the healthcare cold chain logistics market been segmented into Latin America, North America, Europe, Asia Pacific, Europe, and the Middle East Asia and Africa.
In North and Latin America, the healthcare cold chain logistics market is expected to lead in the global market over the assessment period. Europe, followed by Asia Pacific, the regions are likely to hold a significant share of the market. Factors like the existence of powerful pharmaceutical companies and the increase in number of mergers and acquisitions among them are fueling the healthcare cold chain logistics market growth in these regions.
Healthcare cold chain logistics Market Players
- Cardinal Health
- Amerisource Bergen
- Envirotainer
- Thermoking
- FedEx
- Sonoco Thermosafe
- Phoenix Group
- B Medical Systems
- Agility
- Dokasch
- Others
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