Healthcare Cold Chain Logistics Market Size Is Estimated to Grow at a CAGR of 7.54% By 2023 | Share Analysis, Future Trends and Growth Insights
Research Reports
Dec 29, 2020
Healthcare Cold Chain Logistics Market Overview
Market Research Future (MRFR) analysed the Global Healthcare Cold Chain Logistics Market 2020 across the assessment period till 2023. As per MRFR study, the healthcare cold chain logistics can rise at 7.54% CAGR across the review period between 2018 and 2023. The increase in popularity of unbroken cold chain services in the healthcare sector can support expansion of the market. The surge of the healthcare cold chain logistics can be credited to the introduction of different pharmaceutical products that required controlled environment packaging and transport solution.
Cold chain services can offer long-term solution for potency issues of drug and their preservation. It facilitates the transportation of medical specimens and temperature-sensitive drugs, creating several market opportunities, thus can favor healthcare cold chain market in the years to come. The development of novel biopharmaceutical products demanding the need for uninterrupted refrigeration can promote expansion of the market in the near future. Fluctuating regulatory standards associated with cold chain logistics in the healthcare sector and lack of effective regulatory guidelines can impede the market rise.
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Healthcare Cold Chain Logistics Market Segmentation
The segment assessment for the healthcare cold chain logistics market is done by end user, services, product type, and storage techniques.
The product type-based segments of the healthcare cold chain logistics market are biopharmaceuticals, clinical trial materials, and vaccines among others. The vaccines segment can holds decent market share. The segment can earn above USD 3,800 Mn to the market. The vaccines segment account for significant share of the overall market. Rise in the need for a variety of pharmaceutical products can support market surge.
The services-based segments of the healthcare cold chain logistics market are storage, packaging, and transportation others. The increase in demand for cold chain transportation services can favor expansion of the market in the near future.
The storage techniques-based segments of the healthcare cold chain logistics market are electrical refrigeration, liquid nitrogen, dry ice, and gel packs among others. The electric refrigeration segment can win about USD 4,700 Mn for the market.
The end user-based segments of the healthcare cold chain logistics market are biopharmaceutical companies, research institutes, and hospitals and clinics among others. The biopharmaceutical segment can rise at decent pace in the years to come. The dry ice segment can rise at high CAGR by 2023.
Healthcare Cold Chain Logistics Market Regional Analysis
In Latin and North America, the Healthcare Cold Chain Logistics market can dominate due to several factors, such as the existence of different service providers and large number of pharmaceutical manufacturers. In Europe, the market of healthcare cold chain logistics can be critical to keeping the efficacy of personalized drugs. The increase in preference for different personalized drugs due to considerably high number of patient and increase in aging populace can result in expansion of the regional market. North America is expected to favor the market rise in the years to come. The rise in funding offered by non-governmental and governmental organizations that focusing on several healthcare facilities can promote expansion of the North America market in the assessment period. The significant rise of Asia Pacific healthcare cold chain logistics market can be attributed to rise in research in molecular biotechnology and extensive research on stem cells. The growing demand for cold chain logistics across the booming healthcare sector can result in rise of APAC market.
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Healthcare Cold Chain Logistics Market Key players
American Airlines, Inc., KUEHNE + NAGEL, DB Schenker, AmerisourceBergen Corporation, FedEx, Cavalier Logistics, Marken, and DHL international GmbH are some well-known marketers for healthcare cold chain as listed by MRFR.
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