Cold Chain Monitoring Market | Growing Phenomenally By 2022 With A Whooping CAGR

Market Highlights:

Market Research Future published a Half Cooked research report on “Global Cold Chain Monitoring Market Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022

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.) are some of the prominent players at the forefront of competition in the Global Cold Chain Monitoring Market and are profiled in MRFR Analysis.

Market is expected to show a double digit growth rate in coming five years (2016-2022). The growth is majorly driven by need of effective monitoring activities in the pharmaceutical and healthcare sectors that reduces wastage by prolonging shelf live.

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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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.

Cold Chain Monitoring Global Market - Segmentation
The cold chain monitoring market is segmented in to four key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Components: Sensors, Radio frequency devices, telematics device, and software and others.
Segmentation by Application: Pharmaceutical, Chemicals, Foods & Beverages and others.
Segmentation by Logistics: Warehousing and Transportation
Segmentation by Region: North America, Europe, Asia Pacific and rest of the world.

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Regional Analysis

North America is dominating the global cold chain monitoring market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022. High standard of living and high consumption of meat products is driving the market in the North America. Cold Chain Monitoring Market in Asia Pacific market is expected to witness a fastest growing CAGR during forecast period, due to the growing chemical industry. China stands as one of the biggest market of chemicals and pharmaceutical which is giving Asia Pacific a competitive advantage over other regions. The increasing demand for quality regulation the food industry to incorporate is boosting the cold chain monitoring solutions in its supply chainis one of the significant factor strengthening the growth of cold chain monitoring market in the European region.

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

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