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Vaccine Cold Chain Logistics Market Top Players - Cryoport (U.S.), DHL Express (Germany), GAC (Dubai), Lynden International Logistics (Canada), PAREXEL (U.S.),
Vaccine Cold Chain Logistics Market worth $4.59 billion by 2028 - Exclusive Report by InsightAce AnalyticInsightAce Analytic Pvt. Ltd. announces the release of a market research report on "Vaccine Cold Chain Logistics Market- By Services (Storage, Packaging, and Transportation), By Packaging Methods (Dry Ice, Liquid Nitrogen, Gel Packs), Industry Competition Analysis, COVID-19 Impact Analysis, Revenue (US$ Billions) and Forecast Till 2028."
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According to the most recent market research analysis, the size of the worldwide vaccine cold chain logistics market was estimated at US$ 3.12 billion in 2021 and is projected to growat a promising compound annual growth rate (CAGR) of 5.2% from 2022 to 2028, reaching US$ 4.59 billion.
Maintaining the Effectiveness of vaccines and medications requires well-defined cold chain infrastructure and established vaccine supply networks. One of the key components of temperature-controlled transportation and storageof pharmaceutical items, including vaccines, in the healthcare sector is cold supply chain logistics, which can preserve the safety and quality of vaccines. Innovation and development of vaccine cold chain logistics services are facilitated by recent technical developments.
Numerous factors have contributed to the growth of the vaccine cold chain logistics market, including the rising demand for mRNA-based vaccines, the growing need for effective cold chain logistics services to maintain product quality, the high demand for vaccines against infectious diseases, the rise in public awareness of health and wellness, improvements in packaging and transportation technologies, rising healthcare costs, and increased R&D investments to build vaccine storage facilities. Since the Need for vaccine storage services has grown dramatically as a result of the COVID-19 pandemic, pharmaceutical companies have been investing in cold chain logistics. The market for vaccine cold chain logistics will therefore probably see new growth prospects in the next years as a result of the increased R&D efforts. However, during the forecast years, the market expansion is anticipated to be impeded by the high operational expenses and the absence of standardised standards for managing cold chain transportation.
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The prominent players in the Vaccine Cold Chain Logistics industry include:
Cryoport (U.S.), DHL Express (Germany), GAC (Dubai), Lynden International Logistics (Canada), PAREXEL (U.S.), United Parcel Service (UPS Healthcare U.S.), DB Schenker (Germany), Yusen Logistics (U.S.), DB Schenker, CEVA Logistics, Q1 Scientific, Marken Ltd., AmeriCold Logistics LLC, FedEx Corporation, Yamato Logistics, and Other Prominent Players.
The increasing investments by players in vaccine development programs, expanding pharmaceutical sector, developing cold supply chain services, and the rising government efforts to establish COVID-19 vaccines will offer promising growth opportunities for the market players operating in the vaccine cold supply chain logistics market.
Key Industry Developments from Leading Players:
• In Octo 2021, Marken, the clinical trial logistics operation with UPS Healthcare (U.S.), expanded its global network to support rising demand for its clinical drug supply chain services, specifically for cell & gene clinical trials.
• In Jul 2021, PAREXEL (U.S.), a leading global biopharmaceutical services provider, merged with EQT IX fund and private business within Goldman Sachs Asset Management for US$8.5 billion based on the company's strong growth trajectory.
• In May 2021, United Parcel Service (U.S.) consolidated all its cold-chain logistics and delivery services into a dedicated global operation that falls under the Atlanta-based company's UPS Healthcare umbrella.
• In Feb 2021, Renergen, South African natural gas and helium producer, started producing helium-powered ultra-cold mobile freezers to store the Covid Vaccine.
Vaccine Cold Chain Logistics Market Regional Analysis: Due to the increasing government initiatives for logistics infrastructure and the rising needfor cold chain storage systems, North America played a significant role in the vaccinecold chain logistics market in 2021. Over the projection period (2022-2030), Asia Pacific is anticipated to grow rapidly due to the region's well-developed healthcare infrastructures, growing R&D spending for pharmaceutical sector advancements, and rising vaccination demand. China is becoming a leading market for cold chain logistics due to a number of factors, including the expanding advances in the pharmaceutical industry, the strong demand for cold chain systems, and technological advancements in the storage and packaging of pharmaceutical products.
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The Vaccine Cold Chain Logistics Market Segments
The Global Vaccine Cold Chain Logistics Market Estimates (Value US$ Million) & Forecasts and Trend Analyses, 2019 to 2028 by Services
• Storage
• Packaging
• Transportation
The Vaccine Cold Chain Logistics Market Estimates (Value US$ Million) & Forecasts and Trend Analyses, 2019 to 2028 by Packaging Methods
• Dry Ice
• Liquid Nitrogen
• Gel Packs
The Vaccine Cold Chain Logistics Market Estimates (Value US$ Million) & Forecasts and Trend Analyses, 2019 to 2028 by Mode of Transportation
• Ground
• Air
• Ocean
The Vaccine Cold Chain Logistics Market Estimates (Value US$ Million) & Forecasts and Trend Analyses, 2019 to 2028 by Holding Temperature Range
• Vaccines Requiring Refrigerated Temperature
• Vaccines Requiring Frozen Temperature
• Vaccines Requiring Cryogenic Temperature
The Vaccine Cold Chain Logistics Market Estimates (Value US$ Million) & Forecasts and Trend Analyses, 2019 to 2028 by Container
• Active Containers
• Passive Containers
The Vaccine Cold Chain Logistics Market Estimates (Value US$ Million) & Forecasts and Trend Analyses, 2019 to 2028 by Region
• Europe
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
North America Vaccine Cold Chain Logistics Market Estimates Revenue (US$ Million) by Country, 2019 to 2028
• U.S.
• Canada
Europe Vaccine Cold Chain Logistics Market Estimates Revenue (US$ Million) by Country, 2019 to 2028
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Vaccine Cold Chain Logistics Market Estimates Revenue (US$ Million) by Country, 2019 to 2028
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Vaccine Cold Chain Logistics Market Estimates Revenue (US$ Million) by Country, 2019 to 2028
• Brazil
• Mexico
• Rest of Latin America
The Middle East & Africa Vaccine Cold Chain Logistics Market Estimates Revenue (US$ Million) by Country, 2019 to 2028
• GCC Countries
• South Africa
• Rest of the Middle East & Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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