Healthcare Cold Chain Logistics Market is expected to reach USD 1307.88 billion by 2030
Global Healthcare Cold Chain Logistics Market report brings into focus public demands, competencies and the constant growth of the working industry, vibrant reporting, or high data protection services while analysing market information. Furthermore, drivers and restraints of the market assessed in this report makes aware about how the product is getting utilized in the recent market environment and also provide estimations about the future practice. It highlights a wide-ranging evaluation of the market’s growth prospects and restrictions. Global Healthcare Cold Chain Logistics Market document is of huge importance in many aspects for better understanding of the market which lead to sky-scraping business growth.
Data Bridge Market Research analyses that the healthcare cold chain logistics market which is USD 970.49 billion in 2022, is expected to reach USD 1307.88 billion by 2030, at a CAGR of 3.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Healthcare cold chain logistics are increasingly being used to preserve healthcare products around the world. This, along with the expanding pharmaceutical industry, is one of the key factors driving the market. Furthermore, there is an increase in the need for proper drug storage and transportation in the healthcare sector without compromising drug efficiency. This is accelerating the market’s growth along with a number of advantages offered by healthcare cold chain logistics, including the seamless integration of operations during shipping and distribution. Furthermore, the rising demand for biopharmaceuticals, vaccines, and clinical trial materials as a result of the increasing prevalence of numerous diseases is positively influencing the market.
Market Definition
Healthcare cold chain logistics is a service that allows for temperature-controlled packaging, proper storage, and transportation of temperature-sensitive products, particularly in the pharmaceutical sector. It aids in preserving efficacy and extending the shelf life of products such as medicines, vaccines, biopharmaceuticals, samples, and other items.
Drivers
- Rising need for healthcare cold chain logistics
The need for healthcare cold chain logistics is primarily felt in three major segments: biopharmaceuticals, vaccines and clinical trials. Biopharmaceuticals are generally complex protein molecules and their efficacy requires temperature-specific logistics. Any abrupt temperature change may lead to loss of chemical activity and make biopharmaceuticals harmful for human body. Moreover, an increasing number of clinical trials employing temperature sensitive materials such as blood sample, tissue sample and certain drugs, has stimulated the market growth.
- Increasing pharmaceutical and healthcare industries
The pharmaceutical and healthcare industries are expanding rapidly and developing novel drugs with increased efficacy. These medications require proper storage and refrigeration. This requirement has expanded the scope of healthcare cold chain logistics. Furthermore, pharmaceutical exports are rapidly increasing as a result of several countries’ governments’ emphasis on providing advanced healthcare facilities to their citizens. In the near future, the need for a well-equipped healthcare setup is expected to pave the way for new avenues in the healthcare cold chain logistics market.
Recent Developments
- In 2021, Varcode, a provider of automated time and temperature sensitive supply chain systems, announced a strategic alliance with PL Developments (PLD), a manufacturer, packager, and distributor of healthcare devices, to broaden the reach and scope of Varcode’s cold chain control technologies.
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Some of the major players operating in the healthcare cold chain logistics market are:
- AmerisourceBergen Corporation (U.S.)
- CAVALIER LOGISITICS (U.S.)
- Continental Carbon Company (U.S.)
- DHL International GmbH (Germany)
- FedEx (U.S.)
- Kuehne+Nagel (Germany)
- Deutsche Post AG (Germany)
- LifeConEx (U.S.)
- American Airlines Inc. (U.S.)
- Air Charter Service (India)
- Agility Public Warehousing Company (U.S.)
- VersaCold Logistics Services (Canada)
- Delhivery Limited (India)
- YUSEN LOGISTICS CO., LTD. (India)
- V-Xpress (India)
- FulfillmentHubUSA (U.S.)
- Prompt Brazil Logistics (Brazil)
Healthcare Cold Chain Logistics Market Scope
Type
- Biopharmaceuticals
- Vaccines
- Clinical Trial Materials
- Others
Services
- Storage
- Transportation
- Packaging
- Others
Storage Techniques
- Electrical refrigeration
- Dry Ice
- Gel Packs
- Liquid Nitrogen
- Others
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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