Healthcare Cold Chain Logistics Market Information by Product type (Biopharmaceuticals, Vaccines, Clinical Trial Materials and Others), Services (Storage, Transportation, Packaging and Others), Storage Techniques (Electrical refrigeration, Dry Ice, Gel Packs, Liquid nitrogen and Others), By Region (North America, Europe, Asia Pacific, The Middle East & Africa (MEA) and Latin America) – Global Forecast by 2027
Market Drivers and Restraints:
Cold chain logistics plays a vital role in maintaining the efficacy of personalized drugs. 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.
Healthcare Cold Chain Logistics Market Segmentation
The MRFR study has extensively covered the worldwide healthcare cold chain logistics market, on the basis of a few key segments, namely product type, storage techniques, end user and services.
The product types mentioned in the healthcare cold chain logistics market report are biopharmaceuticals, clinical trial materials, vaccines, and more. The vaccines segment has remained on the top since 2017, as it crossed a valuation of USD 3,800 Mn that year. Vaccines make for a substantial percentage of the complete pharmaceutical items produced worldwide, which support segmental growth. MRFR confirms strong growth possibilities for the biopharmaceutical segment as well as high chances of it potentially outperforming the vaccine segment in the years ahead. This is possible owing to the fast growing popularity of targeted therapies.
By Services, healthcare cold chain logistics market is segmented into are packaging, transportation, storage, and more. By the end of the assessment period, the overall services segment can potentially obtain more than USD 7,200 Mn.
Storage techniques listed are dry ice, electrical refrigeration, liquid nitrogen, gel packs, and others. The electric refrigeration segment currently accounts for the highest healthcare cold chain logistics market share and the trend is likely to continue throughout the assessment period. In 2017, the segment crossed a valuation of more than USD 4,700 Mn.
Healthcare Cold Chain Logistics Market Regional Insight
Healthcare cold chain logistics Market Growth has been covered across regions such as Latin America, North America, Asia Pacific (APAC), Europe and the Middles East and Africa (MEA).
North America remains one of the most lucrative healthcare cold chain logistics market, thanks to the massive surge in lifestyle diseases and the consequent rise in the use of diverse cold chain tools. A well-developed healthcare industry and the escalating trend of automation discarding any scope of human errors within the cold chain have been favorable for the regional market. In addition to this, a number of cold chain transportation and logistics vendors such as FedEx and AmerisourceBergen have contributed significantly to the market growth here. Some other essential growth enhancers in the market include the frequent technological advancements and the increasing awareness among consumers with regard to healthcare cold chain products.
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APAC, at present, is the fastest advancing healthcare cold chain logistics market, with tremendous contribution from emerging countries like India, South Korea and China. Over the years, these countries have become prominent hubs in terms of outsourcing of clinical trials along with pathology testing and drug manufacturing. Sensing the brimming opportunities in the region, several international players are trying to gain leverage and safely distribute temperature-sensitive products like biopharmaceuticals.
Healthcare Cold Chain Logistics Market Companies
Significant companies listed in the MRFR healthcare cold chain logistics market study are Cavalier Logistics, Inc., DHL international GmbH, FedEx, Marken, KUEHNE + NAGEL, American Airlines, DB Schenker, AmerisourceBergen Corporation, to mention a few.
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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