SHERIDAN, WYOMING, USA, April 21, 2022 /EINPresswire.com/ — According to IMARC Group’s new report, “Global Healthcare Cold Chain Logistics Market Report & Forecast 2022-2027”, the global cold chain logistics market healthcare cold chain reached a value of US$16.5 billion in 2021. Market growth can be attributed to strong growth in sales of products requiring cold chain logistics and regulations more stringent government regulations regarding the efficient storage, handling and transportation of temperature-sensitive materials. Looking ahead, IMARC Group expects the market to reach US$20.3 billion by 2027, growing at a CAGR of 3.4% over the period 2022-2027.
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We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Global Healthcare Cold Chain Logistics Market Highlights:
Vaccines represent the largest sector requiring cold chain logistics for healthcare.
Cold chain transportation services dominated the market, followed by packaging and instrumentation.
North America is the largest market for cold chain healthcare logistics.
The need for cold chain logistics for healthcare is mainly felt in three major segments: biopharmaceuticals, vaccines and clinical trials. Biopharmaceuticals are typically complex protein molecules and their effectiveness requires temperature-specific logistics. Any sudden change in temperature can lead to a loss of chemical activity and make biopharmaceuticals harmful to the human body. Additionally, the growing number of clinical trials using temperature-sensitive materials such as blood samples, tissue samples, and certain drugs, has boosted the growth of the market. In addition, the demand for vaccines has increased, due to mass vaccination programs carried out by various governmental and non-governmental organizations. Like biopharmaceuticals, vaccines are also temperature sensitive and their potency may decrease when exposed to temperature changes. Driven by the growing outsourcing trends in the pharmaceutical and biopharmaceutical industry, the demand for cold chain logistics for drugs, vaccines, and clinical trial materials is expected to increase significantly.
Based on product, vaccines are driving the demand for the healthcare cold chain logistics market, followed by clinical trials and biopharmaceuticals. Based on segment, transportation accounts for more than half of global cold chain logistics services. Other major segments are packaging and instrumentation. Based on region, North America is the largest market, followed by Asia-Pacific, Europe and others. Asia-Pacific is the fastest growing region, with the developing economies of China, India and South Korea emerging as major destinations for clinical trial outsourcing, drug manufacturing and pathology testing. Some of the major players operating in this market are World Courier, DHL, FedEx, United Parcel Service, Kuehne and Nagel, Cavalier Logistics, DB Schenker, Life ConEx, American Airlines Cargo, Continental Air Cargo, and Marken.
The IMARC Group report examined the global healthcare cold chain logistics market based on:
Key Market Segmentation:
IMARC Group provides analysis of key trends in each sub-segment of the global Healthcare Cold Chain Logistics market, as well as forecasts at global and regional levels from 2022 to 2027. Our report ranked the market by product and segment.
Competitive Landscape:
AmerisourceBergen Corporation (World Courier)
Deutsche Post DHL Group
FedEx Corporation Services, Inc.
United Parcel Service of America, Inc.
Kuehne + Nagel International AG
Rider Logistics, Inc.
DB Schenker
LifeConEx
American Airlines Freight
Continental Group
marken ltd.
Breakdown by product:
Clinical trial material
Vaccines
Biopharmaceuticals
Breakdown by segment:
Transportation
Packaging
Instrumentation
Breakdown by region:
North America
Europe
Asia Pacific
Rest of the world
Explore Full Report with Table of Contents and List of Figures: https://www.imarcgroup.com/healthcare-cold-chain-logistics-market
Note: We are updating our reports. If you want to get the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape etc. Click on request a free sample report, the published report will be delivered to you in PDF format by e-mail within 24 to 48 hours.
Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market trends
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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