Vaccine Cold Chain Logistics : Market Size, Share , Economic Growth, Segment, Current Scenario, Massive CAGR Development, Business Strategies and Regional Study , Forecast By 2031

According to the latest market research report The Vaccine Cold Chain Logistics Market Size is estimated to be 3272.9 Million in 2022 and is expected to increase to 4902.7 Million by 2030, with a compound annual growth rate (CAGR) of 5.2 percent during the forecast period of 2023-2030.

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To preserve the efficacy of vaccines and medications, it is imperative to have a well-defined cold chain infrastructure and established vaccine supply networks. Cold supply chain logistics is a critical component of the temperature-controlled shipping and storage of pharmaceutical products, including vaccines, in the healthcare sector. It is capable of ensuring the quality and safety of vaccines. Recent technological advancements facilitate the innovation and development of vaccine cold chain logistics services.

Various factors, including the increasing demand for mRNA-based vaccines, the growing need for effective cold chain logistics services to maintain the quality of products, the high demand for infectious diseases vaccines, the growing awareness of health and wellness among the general public, advancements in packaging and transportation technologies, the rise in healthcare expenditure, and the increasing R&D investments in developing vaccine storage facilities, have contributed to the growth of the Vaccine cold chain logistics market. The COVID-19 pandemic has substantially augmented the demand for vaccine storage services. Consequently, pharmaceutical companies have allocated resources to develop cold chain logistics. Consequently, the vaccine cold chain logistics market is expected to experience new growth opportunities in the coming years as a result of the increasing number of research and development initiatives. Nevertheless, the market expansion is anticipated to be impeded by the high operational costs and the absence of standardized protocols for maintaining cold chain transportation during the forecast years.

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The prominent players in the Vaccine Cold Chain Logistics industry include:

• DB Schenker
• CSafe
• CEVA Logistics
• FedEx Corporation
• Sofrigam
• Sartorius AG
• Intelsius
• Lynden International Logistics
• PAREXEL
• United Parcel Service
• Q1 Scientific
• Envirotainer
• Coldman Logistics
• B Medical Systems
• AmeriCold Logistics LLC
• Yusen Logistics

The market players operating in the vaccine cold supply chain logistics market will have the opportunity to capitalize on promising growth opportunities resulting from the increasing investments by players in vaccine development programs, the expansion of the pharmaceutical sector, the development of cold supply chain services, and the increasing government support for COVID-19 vaccines.

Key Industry Developments from Leading Players:

• In October 2021, Marken, the clinical trial logistics operation with UPS Healthcare (U.S.), expanded its global network to meet the increasing demand for its clinical drug supply chain services, particularly for cell and gene clinical trials.

• In July 2021, PAREXEL (U.S.), a prominent global biopharmaceutical services provider, merged with the EQT IX fund and private business within Goldman Sachs Asset Management for US$8.5 billion. The transaction was facilitated by the company's robust growth trajectory.

• In May 2021, UPS Healthcare, an Atlanta-based organization, consolidated all of its cold-chain logistics and delivery services into a specialized global operation.

• In February 2021, Renergen, a South African producer of natural gas and helium, began production of helium-powered ultra-cold mobile refrigerators for the storage of the Covid vaccine.

Vaccine Cold Chain Logistics Market Regional Analysis: In 2021, North America's burgeoning government initiatives for logistics infrastructure and the increasing demand for cold chain storage systems significantly influenced the vaccine cold chain logistics market. The Asia Pacific region is anticipated to experience rapid growth during the forecast period (2022-2030) due to the growing demand for vaccines, the development of R&D investments in the pharmaceutical industry, and the well-developed healthcare infrastructures. The pharmaceutical sector's increasing innovation, the high demand for cold chain systems, and the technological advancements in the storage and packaging of pharma products have all contributed to China's status as a leading market for cold chain logistics.

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The Global Vaccine Cold Chain Logistics Market Segments

The Global Vaccine Cold Chain Logistics Market by Services
• Packaging
• Storage
• Transportation

The Global Vaccine Cold Chain Logistics Market by Packaging Methods
• Liquid Nitrogen
• Dry Ice
• Gel Packs

The Global Vaccine Cold Chain Logistics Market by Mode of Transportation
• Ocean
• Ground
• Air

The Global Vaccine Cold Chain Logistics Market by Holding Temperature Range
• Vaccines Requiring Cryogenic Temperature
• Vaccines Requiring Refrigerated Temperature
• Vaccines Requiring Frozen Temperature

The Global Vaccine Cold Chain Logistics Market by Container
• Passive Containers
• Active Containers

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The Global Vaccine Cold Chain Logistics Market by Region
• Europe
• North America
• Latin America
• Asia Pacific
• Middle East & Africa

North America Vaccine Cold Chain Logistics Market
• U.S.
• Canada

Europe Vaccine Cold Chain Logistics Market
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Vaccine Cold Chain Logistics Market
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Vaccine Cold Chain Logistics Market
• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa Vaccine Cold Chain Logistics Market
• GCC Countries
• South Africa
• Rest of the Middle East & Africa

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This release was published on openPR.