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 7.54% CAGR during the forecast period. It can pick up a valuation of USD 16588.3 million by the end.
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 Size. 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 Size growth during the forecast period.
Leading companies to make a mark in the Healthcare cold chain logistics Market Size are American Airlines, Inc., AmerisourceBergen Corporation, Marken, DB Schenker, FedEx, KUEHNE + NAGEL, Cavalier Logistics, and DHL International GmbH. MRFR in their report on the said market published a brief yet comprehensive research on these companies for a better understanding of the competitive landscape.
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Segmental Analysis:
MRFR’s report on the global Healthcare cold chain logistics Market Size is detailed, and it includes segments such as product type, storage techniques, end-user, and services.
By Product Type
- Clinical Trial Materials
- Vaccines
- Biopharmaceuticals
- Others
By Services
- Packaging
- Transportation
- Storage
- Others
By Storage Techniques
- Liquid Nitrogen
- Electrical Refrigeration
- Gel Packs
- Dry Ice
- Others
By End-user
- Research Institutes
- Hospitals and Clinics
- Biopharmaceutical Companies
- Others
In February 2019, FedEx introduced its new technology SenseAware for customers in healthcare, where the prime concern is time and environment sensitive. The technology is guided well by web-based applications and help customers to stay connected with high-value shipments. It has the unique ability to provide data on barometric pressure readings, current location, precise temperature, relative humidity, light exposure & shock events, and near real-time updates.
Regional Analysis:
MRFR in the regional analysis section included namely Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA) for a volume-wise and value-wise discussion of the entire market.
Latin America and North America, together, are holding the reins of the global Healthcare cold chain logistics Market Size. Presence of a number of service providers in the region and the existence of an infrastructurally superior pharmaceutical manufacturing sector is backing the growth of these two regional markets. The factors are proving vital more for North America as the U.S., alone, is creating more opportunities than most of the regions collectively can do.
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Europe is the second largest market, and it can attribute the growth to its features that are quite similar to that of North America. The APAC market is all set to score substantially owing to its emerging nations and evolution as a medical tourism destination for many.
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