Press release
Healthcare Cold Chain Logistics Market Insights Report Projects the Industry to Depict an Impressive CAGR of 7.89% To Reach USD 23.65 billion by 2030
Market Overview:The healthcare cold chain logistics market is experiencing significant growth driven by several key factors. These include the expanding distribution networks of biopharmaceutical companies to enhance sales, the increased adoption of automated retrieval and storage systems in emerging markets, and a shift from small molecule drugs to biosimilars, particularly vaccines and biologic drugs. Healthcare cold chain logistics involve the transportation and storage of temperature-sensitive pharmaceuticals, biologics, and vaccines to maintain their efficacy and potency. This system comprises various components, such as refrigeration equipment, packaging materials, monitoring devices, and transportation services. The market is primarily boosted by the growing demand for biopharmaceutical products, a focus on quality assurance, and the rising adoption of home healthcare services.
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According to a thorough research report by Market Research Future (MRFR) titled "Healthcare Cold Chain Logistics Market Information by Product, Services, Mode of Delivery, Temperature Range, End-User, Distribution Channel, and Region - Forecast till 2030," the market's value was USD 13.9 billion in 2022 and is anticipated to rise from USD 14.99 billion in 2023 to USD 23.65 billion by 2030, displaying a Compound Annual Growth Rate (CAGR) of 7.89% during the forecast period (2023 - 2030).
Market Scope:
The report provides comprehensive insights into the market, including a forecasted value of USD 23.65 billion by 2030, with a CAGR of 7.89% from 2023 to 2030. It covers various segments such as product, services, mode of delivery, temperature range, end-user, and distribution channel across regions including North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Healthcare Cold Chain Logistics Market Competitive Landscape:
The affluent companies in the Healthcare Cold Chain Logistics industry include
Cardinal Health
Amerisource Bergen
Envirotainer
Thermoking, FedEx,
Sonoco Thermosafe
Phoenix Group
B Medical Systems
Agility
Dokasch
These companies aim to improve e-commerce capabilities and enhance cold chain logistics for biopharmaceutical products' timely delivery.
Browse In-depth Market Research Report (202 Pages) on Healthcare Cold Chain Logistics: https://www.marketresearchfuture.com/reports/healthcare-cold-chain-logistics-market-6550
Healthcare Cold Chain Logistics Market Trends:
Market Drivers:
The market is primarily driven by the growing demand for biopharmaceutical products, including vaccines, gene therapies, and cell-based therapies, which are highly sensitive to temperature variations. This necessitates stringent temperature-controlled transportation and storage solutions throughout the supply chain to maintain product efficacy.
Market Restraints:
Stringent regulatory requirements and guidelines, such as Good Distribution Practices (GDP) and Good Manufacturing Practices (GMP), pose challenges for logistics providers in ensuring compliance. Non-compliance can lead to fines and penalties, thereby restraining market growth.
Market Segmentation:
The market is segmented by product (vaccines, biopharmaceuticals, clinical trial materials, others), services (transportation, storage, packaging, labeling, others), mode of delivery (last-mile delivery, hubs-to-distributor), temperature range (ambient, refrigerated, frozen, cryogenic), and end-user (hospitals & clinics, pharmaceutical, biopharmaceutical, biotechnology companies, others).
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Regional Insights:
In North America, the US leads the market due to its advanced healthcare infrastructure and the presence of major pharmaceutical companies. Europe's market is driven by leading pharmaceutical companies and the growing demand for personalized medicines. In Asia-Pacific, increasing healthcare spending and the adoption of telehealth services contribute to market growth.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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