Healthcare Cold Chain Logistics Market Share, Trends, Key Drivers, Demand, Opportunities and Competitive Outlook

PRESS RELEASE
Published November 13, 2023

A wide ranging Global Healthcare Cold Chain Logistics Market research report involves major parameters namely market analysis, market definition, market segmention, key developments in the market, competitive analysis, and research methodology. Depending on client’s requirements, massive business, product and market related information is brought together via this report that eventually helps businesses create better strategies. The report has across-the-board and comprehensive market insights which are based on business intelligence. No stone is left unturned while researching and analysing data to prepare market research report like this one and the others. The persuasive Global Healthcare Cold Chain Logistics Market report helps unearth the general market conditions, existing trends and tendencies. An excellent Healthcare Cold Chain Logistics Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of HEALTHCARE industry.

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 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.

Opportunities

  • Rise in demand of vaccines

The demand for vaccines has increased, owing to the mass immunization programmes conducted by various government and non-government organizations. Vaccines are also temperature sensitive  as biopharmaceuticals, and their potency may reduce on exposure to temperature variations. Driven by the increasing outsourcing trends in the pharmaceutical and biopharmaceutical industry, the cold chain logistics demand for drugs, vaccines and clinical trial materials is expected to increase significantly.

Restraints/Challenges

  • Lack of standardization

The quality and adaptability of available cold warehouse space are key problems for the cold chain industry due to a lack of standards and accreditations. Companies frequently need to make additional investments to bring the space and its specifications up to the requirements required by the various industry segments. Pressure on developers is increased by the standards created by the policymakers. Therefore, it is projected that a lack of uniformity in cold chain logistics will restrain the market expansion.

This healthcare cold chain logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare cold chain logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Investing in this study would grant you access to valuable information, including:

  • Comprehensive coverage of the Industry, both globally and broken down by region.
  • Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
  • Country-specific market size splits for the most important countries with major market shares.
  • Market share and revenue/sales data for the industry’s leading players.
  • Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
  • Detailed market size data, including breakdowns by application/industry verticals.
  • Projections and forecasts for the market’s future growth and development.

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)

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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.

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

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Key Advantages of the Report: 

  • This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
  • The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
  • The report quantitatively assesses the current market, shedding light on its growth prospects.
  • A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
  • The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

What to Anticipate from the Report – A 7-Point Guide:

  • The report delves into the holistic strategy and innovation within the market ecosystem.
  • It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
  • The report evaluates various implementation models and examines numerous use cases.
  • Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
  • Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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