HealthcareCold Chain Logistics Market Information by Product type (Biopharmaceuticals,Vaccines, Clinical Trial Materials and Others), Services (Storage,Transportation, Packaging and Others), Storage Techniques (Electricalrefrigeration, Dry Ice, Gel Packs, Liquid nitrogen and Others), By Region(North America, Europe, Asia Pacific, The Middle East & Africa (MEA) andLatin America) – Global Forecast by 2027
MarketDrivers and Restraints:
Coldchain logistics plays a vital role in maintaining the efficacy of personalizeddrugs. Hence increasing preference for personalized drugs by the large patientpool and rapidly increasing geriatric population is resulting in thesignificant growth of the global healthcare cold chain logistics market. Withincreasing research in the field of molecular biotechnology and extensive stemcell research are inducing high demand for cold chain logistics in thehealthcare sector, resulting in the rapid expansion of the global healthcarecold chain logistics market.
HealthcareCold Chain Logistics Market Segmentation
The MRFRstudy has extensively covered the worldwide healthcare cold chain logisticsmarket, on the basis of a few key segments, namely product type, storagetechniques, end user and services.
Theproduct types mentioned in the healthcare cold chain logistics market reportare biopharmaceuticals, clinical trial materials, vaccines, and more. Thevaccines segment has remained on the top since 2017, as it crossed a valuationof USD 3,800 Mn that year. Vaccines make for a substantial percentage of thecomplete pharmaceutical items produced worldwide, which support segmentalgrowth. MRFR confirms strong growth possibilities for the biopharmaceuticalsegment as well as high chances of it potentially outperforming the vaccinesegment in the years ahead. This is possible owing to the fast growingpopularity of targeted therapies.
ByServices, healthcare cold chain logistics market is segmented into arepackaging, transportation, storage, and more. By the end of the assessmentperiod, the overall services segment can potentially obtain more than USD 7,200Mn.
Storagetechniques listed are dry ice, electrical refrigeration, liquid nitrogen, gelpacks, and others. The electric refrigeration segment currently accounts forthe highest healthcare cold chain logistics market share and the trend islikely to continue throughout the assessment period. In 2017, the segmentcrossed a valuation of more than USD 4,700 Mn.
HealthcareCold Chain Logistics Market Regional Insight
Healthcare cold chain logistics Market Growth hasbeen covered across regions such as Latin America, North America, Asia Pacific(APAC), Europe and the Middles East and Africa (MEA).
NorthAmerica remains one of the most lucrative healthcare cold chain logisticsmarket, thanks to the massive surge in lifestyle diseases and the consequentrise in the use of diverse cold chain tools. A well-developed healthcareindustry and the escalating trend of automation discarding any scope of humanerrors within the cold chain have been favorable for the regional market. Inaddition to this, a number of cold chain transportation and logistics vendorssuch as FedEx and AmerisourceBergen have contributed significantly to themarket growth here. Some other essential growth enhancers in the market includethe frequent technological advancements and the increasing awareness amongconsumers with regard to healthcare cold chain products.
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APAC, atpresent, is the fastest advancing healthcare cold chain logistics market, withtremendous contribution from emerging countries like India, South Korea andChina. Over the years, these countries have become prominent hubs in termsof outsourcing of clinical trials along with pathology testing and drugmanufacturing. Sensing the brimming opportunities in the region, severalinternational players are trying to gain leverage and safely distributetemperature-sensitive products like biopharmaceuticals.
HealthcareCold Chain Logistics Market Companies
Significantcompanies listed in the MRFR healthcare cold chain logistics market study areCavalier Logistics, Inc., DHL international GmbH, FedEx, Marken, KUEHNE +NAGEL, American Airlines, DB Schenker, AmerisourceBergen Corporation, tomention a few.
NOTE: Ourteam of researchers are studying Covid19 and its impact on various industryverticals and wherever required we will be considering covid19 footprints for abetter analysis of markets and industries. Cordially get in touch for moredetails.
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