Healthcare Cold Chain Logistics Market Analysis by Product (Vaccines, Biopharmaceuticals and Clinical Trial Materials), Services (Transportation, Storage, Packaging, and Labeling), Mode of Delivery (Last-Mile-Delivery and Hubs-to-Distributor), Temperature Range (Ambient, Refrigerated, Frozen, and Cryogenic), Storage Techniques Range, End User and Region, Forecast till 2027
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Healthcare Cold Chain Logistics Market Overview
The rapid growth of biopharmaceuticals and vaccines that need cold chains and stronger government rules for the effective handling of temperature-sensitive pharmaceutical items are driving the expansion of the healthcare cold chain logistics market. At a 7.89 % CAGR, the worldwide healthcare cold chain logistics market will reach USD 22,024.66 million by 2027, says Market Research Future (MRFR).
In addition, the booming pharmaceutical industry is driving up demand for healthcare cold chain logistics to meet the needs of the world’s rising population. However, cold chain penetration is limited, particularly in developing countries, because it is a complex and elaborate procedure.
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Healthcare Cold Chain Logistics Market Segmental Analysis
Based on end users, the healthcare cold chain logistics market is divided into biopharmaceutical, hospitals & clinics, biotechnology companies, and pharmaceutical. Based on the product type, the market is divided into clinical trial materials, biopharmaceuticals, and vaccines. Based on the mode of delivery, the market is segmented into hubs-to-distributor and last-mile delivery. The healthcare cold chain logistics market is categorized into dry ice, gel packs, liquid nitrogen, and electrical refrigeration by storage techniques range. By services, the market is segmented into storage, packaging, labeling, and transportation. The healthcare cold chain logistics market is segmented into ambient, refrigerated, frozen, and cryogenic based on the temperature range.
Healthcare Cold Chain Logistics Market Regional Analysis
The Americas are predicted to have the highest share of the market. The healthcare cold chain logistics market is likely to be dominated by North America. Cold chain logistics is a well-developed industry in the United States, thanks to increased investments in recent years in response to the rising demand for high-quality pharmaceutical products. Many US-based companies are increasing their services in Europe in response to the rising demand for pharmaceutical transportation. Clinical trials, drug production, and pathology testing are becoming popular outsourcing options in the region. Furthermore, third-party cold chain logistics firms are increasing their operations in India, China, and Singapore. The healthcare cold chain logistics market may be hampered by a lack of cold chain logistics infrastructure. The conveyance of vaccinations to remote communities in Africa is hampered by frequent power failures and inadequate cold chain equipment and data monitoring.
Healthcare Cold Chain Logistics Market Competitive Analysis
The stimulating influence of analytics on corporate value is expected to drive creativity and more strategic strategies before long. Incorporating digitalized processes into organizations is expected to boost the industry shortly. In light of the current circumstances produced by the worldwide pandemic, organizations can intensify their responsiveness and crisis response significantly in the next years. The healthcare cold chain logistics market is also expected to make substantial advancements in sectors like A.I. design and distributed cloud, where major digital expenditures are expected. Unique socio-economic issues are expected to impact the global market during the projected period. The market is expected to enter a resurgent era of growth soon. In the future years, the influence of automation is expected to trickle down to practically every aspect of business operations, fostering the global market growth. The market players’ future strategies are expected to benefit from the consistent increase in bottom-line performance.
The promising companies in the healthcare cold chain logistics market are Phoenix Group (U.K.), Sonoco Thermosafe (U.S.), B Medical Systems (Luxembourg), Sterling Ultracold (U.S.), Cavalier Logistics (U.S.), FedEx (U.S.), Cardinal Health (U.S.) Amerisource Bergen (U.K.), Envirotainer (Sweden), and Thermoking (U.S.).
Healthcare Cold Chain Logistics Industry News
A new digital shipping box created by Ember Technologies, Inc. (Ember®) and Cardinal Health has the potential to reduce waste in the pharmaceutical supply chain while maintaining product integrity for temperature-sensitive biologics at 2 to 8°C for 48 to 72 hours. This technology ensures the integrity and security of temperature-sensitive goods like never before. Furthermore, the Ember Cube’s return-to-sender technology enables each Ember Cube to be recycled hundreds of times, obviating the need for single-use packaging and possibly millions of tons of landfill garbage.
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