Global healthcare cold chain logistics market size is expected to grow at a compound annual rate of 6.61% in the forecast period 2021 to 2028 and is likely to reach USD 18,696.18 million by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of healthcare cold chain logistics market in the forecast period of 2021 to 2028.
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Healthcare cold chain logistics is the service which enables temperature-controlled packaging, proper storage and transportation for the protection of temperature-sensitive products especially in pharmaceutical sector. It helps in preserving efficacy and maintaining the shelf life of the products such as medicines, vaccines, bio pharmaceuticals, samples and other products.
The different types of healthcare products require massive amount of preservation and safety thus, the development in pharmaceutical industriesis expected to heighten the growth ofhealthcare cold chain logistics market over the forecast period of 2021 to 2028. The demand for perishable foods such as dairy products, vegetables and fruits and non-veg will drive the market’s growth. However, the lack of appropriate resources or the technology for good quality cold chain facilities is projected to act as a restraint towards the growth of the market.
North America is estimated to lead the healthcare cold chain logistics market due to the well- developed healthcare infrastructure and surge of diseases which requires healthcare products with proper storage and transportation. Asia Pacific are expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to developing healthcare.
The major players covered in the healthcare cold chain logistics market report are AmerisourceBergen Corporation., CAVALIER LOGISITICS, Continental Carbon Company, DHL International GmbH., FedEx, Kuehne+Nagel, Deutsche Post AG, LifeConEx, American Airlines Cargo, Air Charter Service India Pvt Ltd, A.P. Moller – Maersk, Agility, VersaCold Logistics Services, DelhiveryPvt Ltd, YUSEN LOGISTICS CO., LTD., V-Xpress., FulfillmentHubUSA, and Prompt Brazil Logistics among other domestic and global players.
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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.
