Cold Chain Monitoring Global Market, Growing Phenomenally By 2022 With A Whooping CAGR; Asserts MRFR

Cold Chain Monitoring Global Market - Overview

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 factors responsible for the increase in the cold chain monitoring market is the focus on quality and product sensitivity, growth in organized retail, increase in refrigerated warehouses, government changing policies and regulations, and growth in pharmaceutical sector. However, the factor such as lack of standardization and high operational cost slow down the growth of cold chain monitoring market.

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.

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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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Major Topics Covered in Table of Content

1 Market Introduction
2 Research Methodology
3 Global Cold Chain Monitoring Market: Overview
4 Global Cold Chain Monitoring Market, Competitive Landscape
5 Market Overview
6 Global Cold Chain Monitoring Market, By Components
7 Global Cold Chain Monitoring Market, By Application
8 Global Cold Chain Monitoring Market, By Logistics
9 Global Cold Chain Monitoring Market, By Geography
10 Company Profiles

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