Healthcare Cold Chain Logistics Market 2022 Growth Drivers, Regional Outlook, Competitive Landscape and Forecast to 2027

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Healthcare Cold Chain Logistics Market: Information by Product (Vaccines, Biopharmaceuticals and Clinical Trial Materials), Temperature Range (Ambient, Refrigerated, Frozen and Cryogenic), Range of Storage Techniques (Refrigeration electric, dry ice, gel packs and liquid nitrogen) – Forecast to 2027

Healthcare Cold Chain Logistics Market Overview

According to analysis conducted by Market Research Future (MRFR), the global healthcare cold chain logistics market is expected to reach a market value of USD 16,588.3 million by 2023.

Growing preference for personalized drugs by the expanding patient pool is expected to be a significant factor likely to grow the market over the forecast period. Rising demand for biopharmaceuticals and vaccines and stringent rules and regulations for efficient handling of temperature-sensitive pharmaceuticals are other prominent causes that may grow the market during the analysis period.

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Also, increasing clinical trials that may use temperature-sensitive materials such as blood samples, tissue samples, and certain drugs may drive the demand for healthcare cold chain logistics. On the contrary, unstable regulatory standards for cold chain in the healthcare sector are likely to negatively impact the market during the forecast period. In addition to this, careless implementation of necessary techniques to maintain consistency throughout the process is expected to be another factor likely to hinder the global healthcare cold chain logistics market in the period to to come.

Market segmentation

The global healthcare cold chain logistics market can be segmented on the basis of end-user, product type, storage techniques, and services.

The end-user segments of the global healthcare cold chain logistics market are hospitals and clinics, research institutes, biopharmaceutical companies, and others. Among all, the biopharmaceutical segment is likely to gain momentum during the forecast period. In contrast, the dry ice segment may show the maximum CAGR by 2023.

The product type segments of the global healthcare cold chain logistics market are clinical trial materials, vaccines, biopharmaceuticals and others. Among all, the vaccines segment is expected to dominate the market over the analysis period.

The storage techniques segments of the global healthcare cold chain logistics market are electric refrigeration, liquid nitrogen, gel packs, dry ice and others.

The service segments of the global healthcare cold chain logistics market are transport, packaging, storage and others.

Regional analysis

According to the assessment conducted by MRFR, the global healthcare cold chain logistics market is expected to be dominated by North America during the analysis period. The presence of a large number of service providers is expected to be a significant factor that is likely to increase the market over the forecast period. In addition to this, the rapid expansion of the pharmaceutical manufacturing sector is likely to be another salient cause that can sustain the growth of the market over the assessment period. On the other hand, APAC is expected to provide substantial market value over the forecast period. The demand for cold chain logistics is accelerating in growth-oriented countries as regulations for transporting heat-sensitive pharmaceuticals are put in place. Furthermore, organization of mass vaccination programs in developing countries by governmental and non-governmental organizations is expected to be another significant cause that is likely to drive the market in the region during the forecast period. Europe is expected to acquire the second position in the market over the forecast period. The expansion of the region can be attributed to the increasing number of cold storages and the strong expansion of the pharmaceutical sector during the period of analysis. Countries like Germany and UK are expected to make a notable contribution to the regional market growth in the coming period.

Key players

Some of the renowned players in the global healthcare cold chain logistics market are AmerisourceBergen Corporation DB Schenker, American Airlines, InMarken, Cavalier Logistics, FedEx, KUEHNE+NAGEL, and DHL International GmbH.

Industry News

February 2021 – FedEx Crop donates $1 million to Tennessee State University to help students complete their education and prepare for the job market. FedEx pledged a total of $5 million to help four historically black colleges and universities. The other three are LeMoyne-Owen College, Mississippi Valley State University, and Jackson State University. The funds are also intended to help and support those who have been affected by the coronavirus.

February 2021 – FedEx Corp’s announced the layoff of between 5,500 and 6,300 employees in Europe as it nears completion of the network integration of its TNT Express unit.

February 2021 – FedEx Express was recently recognized by Frost & Sullivan with the 2020 Malaysia Customer Value Leadership Award. The recognition was based on a recent analysis of the Malaysian Express International courier services market undertaken by Frost & Sullivan.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers around the world. Market Research Future has the distinct objective of providing clients with top quality research and granular research. Our market research by products, services, technologies, applications, end users and market players for global, regional and country market segments enables our clients to see more, know more and do more , which helps answer your most important questions. questions.

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