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Healthcare Cold Chain Monitoring Market Size, Share, Swot Analysis including Top Players - Carrier, Berlinger, Testo SE, Signatrol, Temptime Corporation

02-15-2024 11:18 AM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Healthcare Cold Chain Monitoring Market

Healthcare Cold Chain Monitoring Market

The SNS Insider report indicates that the Healthcare Cold Chain Monitoring Market was valued at USD 3.40 billion in 2022, and is expected to reach market size of USD 8.74 billion by 2030, with a compound annual growth rate (CAGR) of 12.5% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, by using Internet of Things sensors and devices to monitor temperature and humidity continuously, proactive control of temperatures is possible as well as reducing the risk of product degradation.

Market Report Scope -

Multiple research channels, including Primary Research, Secondary Research and Subject Specific Expert Advice, are used for the adoption of a research methodology. With regard to the healthcare cold chain monitoring market, estimates are made on the basis of existing market dynamics as well as a number of different macroeconomic, societal and political factors. The market data are defined by different regulations, government spending and R&D development growth.

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The Major Key Players In Cold Chain Monitoring Market

→Carrier,
→Berlinger,
→Testo SE,
→Signatrol,
→Temptime Corporation,
→Monnit Corporation,
→Emerson Electric,
→KGaA,
→Haier Biomedical and Cold Chain Technologies and
→other players.

Cold Chain Monitoring Market Opportunities -

Rise in Warehouse Automation Requirements for Cold Chain Storage
Global demand for cold chain products is growing rapidly. As global demand for perishable goods grows, it is crucial to strengthen cooperation and swift action in order to effectively manage the cold chain. Some of this expansion is a result of emerging nations. Life quality around the world is getting better, despite the downturn. Consumers with more money are more likely to buy vegetables, fruits, and protein-based foods, increasing their global demand for these products. The cold chain, where manual and mechanical processes have to be developed and maintained at the same time, is one of the most difficult areas for business.

Cold Chain Monitoring Segmentation Analysis -

BY PRODUCT
→Biopharmaceuticals
→Vaccines
→Clinical Trial Materials

BY COMPONENT
→Hardware
→Software

BY TEMPERATURE
→Chilled
→Frozen

BY END USER
→Hospital & Clinics
→Biopharmaceutical Companies
→Research Institutes

The global healthcare cold chain monitoring market is divided into vaccines, biopharmaceutics, clinical trial materials and others on the basis of product. Vaccines are the largest contributor to the market and are expected to grow at a compound annual growth rate of 12.20% over the forecast period. Vaccines are biological products and if exposed to extreme temperatures or cold, they could lose their effectiveness. In addition, it is more important for vaccine producers, supply chain providers, logistics and other intermediate handlers to keep an eye on temperature due to variations in the sensitivity of some vaccines to cold or heat. The data acquired make prompt decisions to avoid vaccine wastage and possible financial losses. Therefore, a system of cold chain monitoring from the point of dispatch to the end of use is required.

The healthcare cold chain monitoring market is divided into biopharma companies, hospitals and clinics or other players on the basis of end users. The largest contributor to the market is biopharma companies, which are expected to grow at a compound annual growth rate of 13.50% during the period considered. Biopharmaceutical companies use living animals and cells that have undergone advanced biotechnological techniques to produce complex pharmaceutical products. Due to the growing demand for new treatments and medicinal products derived from these living cells and organisms, the requirement of cold chain monitoring has been increasing in order to regulate and maintain efficacy and quality.

Cold Chain MonitoringKey Regional Development -

In the forecast period, North America will be a major revenue contributor and is expected to grow at a high compound annual growth rate. This is due to the increasing emphasis on business flexibility between regional companies, as well as a growing need for specialised storage and transport in order to ensure that healthcare products function effectively. The fact that this technology has become the global standard of technical excellence is why it's so widely used in North America. The US dominates the healthcare Cold Chain Monitoring market because of its position as an economically advanced country and a high demand from different end users, e.g. biopharma companies, hospitals and nursing homes etc.

The European economy is expected to show the highest compound annual growth rate During the forecast period. The segments of the European market are as follows: United Kingdom, Germany, France, Italy, Spain, Russia, Netherlands, Finland, Belgium, Poland and Rest of Europe. The need for cold chain monitoring in the European healthcare sector is expected to increase due to the adoption of solutions by the midsize health care industry. In addition, companies are increasingly focusing on finding ways to reduce the cost of pharmaceutical logistics across global resources in order to meet the growing demands of the industry.

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Key Takeaway from Healthcare Cold Chain Monitoring Market Study-

In depth analysis of the global healthcare cold chain monitoring market, market size, and compound annual growth rate CAGR for the forecast period is provided in this report.

The monitoring and protection of packages from damage caused by temperature changes is facilitated through the supply chain logistics in the healthcare industry. The monitoring of the cold chain is vital to health care because it guarantees that medicinal products are kept at optimal temperatures, which have been expected to raise market growth and drive a specific compound annual growth rate up to 2030 from 2023.

Recent Development Related to Healthcare Cold Chain Monitoring Market -

In January 2023, Constellation Cold Logistics announces to acquire ACS&T- Constellation Cold Logistics ("Constellation"), through its wholly-owned subsidiary HSH Cold Stores Ltd ("HSH"), announced agreement for the acquisition of Associated Cold Stores & Transport Limited (ACS&T Logistics), a subsidiary of Camellia Plc. The transaction is expected to result in an increase and strengthening of HSH's footprint and its service offering for existing and new customers, which will be completed on January 2023.

In August 2022, UPS Healthcare launches active cold chain transport in Benelux in 2022, UPS Healthcare will continue to invest in the Benelux region and will launch a new cold chain ground transport service across the market with a sorting centre in both the Netherlands and Belgium.

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Table of Contents
1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4.Impact Analysis
5.Value Chain Analysis
6.Porter's 5 forces model
7.PEST Analysis
8. Healthcare Cold Chain Monitoring Market Segmentation, by product
8.1Introduction
8.2 Biopharmaceuticals
8.3 Vaccines
8.4 Clinical Trial Materials
9. Healthcare Cold Chain Monitoring Market Segmentation, by component
9.1Introduction
9.2 Hardware
9.3 Software
10. Healthcare Cold Chain Monitoring Market Segmentation, by temperature
10.1 Introduction
10.2 Chilled
10.3 Frozen
11. Healthcare Cold Chain Monitoring Market Segmentation, by end user
11.1 Introduction
11.2 Hospital & Clinics
11.3 Biopharmaceutical Companies
11.4 Research Institutes
12. Regional Analysis
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 The Middle East & Africa
12.5 Latin America
13.Company Profiles
13.1.Berlinger
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3.SWOT Analysis
13.1.4.The SNS view
13.2 Carrier
13.3.Testo SE
13.4.continued
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
Continued

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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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