The latest report by IMARC Group, titled “Healthcare Cold Chain Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global healthcare cold chain logistics market reached a value of US$ 16.5 Billion in 2021. Healthcare cold chain logistics refers to a system that enables temperature-controlled packaging, proper storage, and transportation of temperature-sensitive products. It is an integral part of the pharmaceutical sector, which requires a controlled environment to maintain the potency of its products. Healthcare cold chain logistics utilizes a temperature-controlled warehouse for storage and cold insulated transport vehicles, including refrigerated trucks, railcars, cargo, and air cargo, to preserve the efficacy and maintain the shelf life of various vaccines, medicines, biopharmaceuticals, and samples.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Healthcare Cold Chain Logistics Market Trends:
The market is primarily driven by the significant development of the pharmaceutical industry. Healthcare cold chain logistics systems have evolved with temperature standards to accommodate temperature-sensitive products. The process includes insulated boxes with dry ice or gel packs, rolling containers, liquid nitrogen, and reefers that are used along with a powered refrigeration unit. Besides this, various disease outbreaks have increased the demand for biopharmaceuticals, vaccines, and clinical trial materials, that require cold chain logistics. Due to this, governments across various countries are implementing stricter regulations for the efficient handling of temperature-sensitive pharma products, resulting in the setup of healthcare cold chain logistics solutions worldwide. Furthermore, several technological innovations and the growing number of acquisitions among key players are positively influencing the market growth. Looking forward, the market is expected to grow at a CAGR of 3.4% during the forecast period (2022-2027).
- Based on the product, the market has been segmented biopharmaceuticals, vaccines, and clinical trials.
- On the basis of the segment, the market has been classified into transportation, packaging, and instrumentation.
- Region-wise, the market has been divided into North America, Asia Pacific, Europe, and Rest of the World.
- The competitive landscape of the market has been examined, with some of the key players being Amerisource Bergen Corporation (World Courier), Deutsche Post AG (DHL), FedEx Corporation Services, Inc., United Parcel Service of America, Inc., Kuehne + Nagel International AG, Cavalier Logistics, Inc., DB Schenker, Life ConEx, American Airlines Cargo, Continental Air Cargo and Marken.
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