Cold Chain Monitoring Market Continues Impressive Growth with CAGR of 10% | Cold Chain Monitoring Indsutry

Market Highlights:

The strict regulatory environment in the pharmaceutical industry is boosting the cold chain monitoring market. The major factor driving the market of cold chain monitoring is effective management of the pharmaceutical products and increase in food and pharmaceutical industry. As the demand for frozen products are increasing, companies are deploying cold chain monitoring system in their process in order to make the supply chain more efficient. According to a recent study report published by the Market Research Future, The global market of cold chain monitoring is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

The key trend in the cold chain monitoring market is the emergence of therapies such as regenerative therapies; gene therapies as well as a shift toward temperature-managed shipments are currently aiding the market growth.

Other factors such as the Drug Supply Chain Security Act (DSCSA), along with FDA 21 CFR GMP and GDP requirements, have turned a limelight on the value of these intelligent temperature-controlled materials requiring better transportation solutions in the market in recent years.

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Major Key Players

ORBCOMM (U.S.),
NXP Semiconductors N.V. (Netherlands),
Berlinger & Co. AG (Switzerland),
Sensitech, Inc. (U.S.),
NEC Corp. (Japan),
Controlant EHF (Iceland),
Infratab Inc. (U.S.),
Monnit Corporation (U.S.),
Zest Labs, Inc. (U.S.),
Sensitech Inc. (U.S.)

Industry News

25 July 17 - Semtech Corporation a prominent player in Cold Chain Monitoring Market, has designed TS51223 a fully-integrated cold chain monitoring for low-power, wearable applications that require a low-cost and space-saving solution. The TS51223 can operate by itself as a single-chip cold chain monitoring in proprietary applications.

19 January 17 - Berlinger & Co. AG a prominent player in cold chain monitoring market has published a white paper that addresses the problems associated with the monitoring of drugs during ‘Last Mile’ transportation.

Aug 08, 2017- KORE partner to provide uninterrupted real-time cold chain management. announced an expanded partnership with Cooltrax, the leader for real-time cold chain management of fixed, mobile, and product-level assets. KORE’s reliable, seamless network coupled with Cooltrax’s cold chain management solutions help provide real-time information for cold chain fleets, as well as fixed assets, allowing for less food waste and increased food safety.

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Competitive Analysis

The Market of Cold Chain Monitoring appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Intended Audience
• Logistics Company
• Distributors
• Pharmaceutical Distributors
• Food processing units
• Government organizations
• Sensor Manufacturers & Distributors
• Fisheries

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This release was published on openPR.