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Global Pharmaceutical Cold Chain Logistics Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Pharmaceutical Cold Chain Logistics Market
Global pharmaceutical cold chain logistics market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Pharmaceutical Cold Chain Logistics Market
The cold chain logistics refers to the transportation of temperature sensitive products under controlled temperature from the place of manufacture to consumer, which needs a process of refrigeration, packaging and storage which is associated with equipment that maintains a temperature range. The demand of cold chain logistics is growing due to advantages like improvising the quality and shelf life of the products. The healthcare cold chain logistics play a vital role in the pharmaceutical industry. Many biopharmaceutical products and vaccines which require cold chains. The biopharmaceutical’s efficacy is majorly dependent on the temperature.
Market Dynamics: Pharmaceutical Cold Chain Logistics Market
Increase in R&D investments in biopharmaceutical industry, sales of temperature sensitive pharma and biopharma products are drive the growth of pharmaceutical cold chain logistics market. The stringent government regulations to maintain the desired storage conditions are expected to increase the pharmaceutical cold chain logistics market. The increased import and export activities between the countries expected to play a key role in the development of the market. The advancements in the technology in case of packaging is expected to boost the pharmaceutical cold chain logistics market. However, the high cost involved in the transportation, temperature fluctuations in the refrigerated transportation is expected to hinder the growth of the pharmaceutical cold chain logistics market.
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Market Scope: Pharmaceutical Cold Chain Logistics Market
Pharmaceutical cold chain logistics market is segmented based on the product and service
Based on the product, the market is segmented into the following:
• Pharmaceuticals
• Biopharmaceuticals
• Others
Based on the service, the market is segmented into the following:
• Transportation
o Road Transportation
o Railway Transportation
o Waterway Transportation
• Packaging
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Regional Analysis: Pharmaceutical Cold Chain Logistics Market
Geographically, global pharmaceutical cold chain logistics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America cold chain logistics market is expected to dominate the market due to adoption of advanced equipment in cold chain logistics. The developing countries are implementing regulations on the safety and health. India is focused on the improvement of storage infrastructure after increase in FDI limit by the government. The technological advancements in the developing countries are expected to offer enormous opportunities to the vendors in the Asia Pacific. The advanced healthcare infrastructure enables increase imports and exports using the pharmaceutical cold chain logistics.
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Competition Assessment: Pharmaceutical Cold Chain Logistics Market
Some of the players in the global pharmaceutical cold chain logistics market include:
• DB Schenker (Germany)
• Swire Group (U.K)
• FedEx (U.S)
• Kuehne + Nagel (Switzerland)
• VersaCold Logistics Services (Canada)
• Lineage Logistics (U.S)
• Americold Logistics (U.S)
Notable Market Developments: Pharmaceutical Cold Chain Logistics Market
In January 2018, DB Schenker collaborates with Ciscoo to reveal the internet of things
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