Press release
Healthcare Cold Chain Logistics Market Share, Revenue, Growth Factors, Trends, Key Companies, Forecast To 2030
The market research made on the healthcare cold chain logistics shows a potential growth at the CAGR of 7.89% with a valuation of USD 22,024.66 million during the forecast timeline of 2027.There is a wide range of modern pharmaceutical products that needs a controlled environment so the potency could be maintained. This is one reason that makes the cold chain extremely crucial. But being an elaborated yet sophisticated process, the penetration of the cold chain is moderate, especially in developing regions. There are factors like poor framework regulation and lack of good infrastructure in the rest of the world which is affected the market potential growth. The government also in some of the fast developing countries are now starting up the cold chain logistics services improvement
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The healthcare old chain logistics market growth is attributed to the increase the vaccines and biopharmaceuticals demand which need the cold chain and also the strict regulations of the government for effective temperature-sensitive pharma products handling. The pharmaceutical sector is slowly flourishing which serves the healthcare requirements that the growing population across the world has set. These further fuel up the healthcare cold chain logistics demand.
There are many pharmaceutical products that need to be maintained at different temperature levels. This way their integrity throughout the transpiration can be maintained. The cold chain logistics industry has evolved to a great extent with a certain standard of temperature that is set to accommodate more products.
The Healthcare cold chain logistics that are a part of the movement, storage, and goods flow got quite influenced due to the Covid-19 impact. Such logistics firms offer trade and commerce and also support the business to deliver the product to the customer. It plays an important role in the overall money distribution. There are daily operations in the cold chain logistic field that requires high consumption of electricity. That is why the cold chain service providers are finding it challenging to lessen their operational price because of the increased energy value during the Covid-19 outbreak.
Market Segmentation:
As per the Product: The market is segmented into-
Biopharmaceuticals
Vaccines
Clinical trial materials
As per the Product Services: The market is segmented into-
Labeling
Storage
Transportation
Packaging
As per the Mode of Delivery:
The market is segmented into-
Hubs-to-Distributor
Last-Mile-Delivery
As per the Temperature Range:
The market is segmented into-
Refrigerated
Cryogenic
Frozen
Ambient
As per the Storage Techniques:
The market is segmented into-
Electrical Refrigeration
Gel Packs
Liquid Nitrogen
Dry Ice
As per the End User:
The market is segmented into-
Biopharmaceutical companies
Biotechnology companies
Hospitals & Clinics
As per the Region:
The market is segmented into-
North America
Europe
Asia-Pacific
Middle East & Africa
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Regional Classification:
The regional analysis made on the healthcare cold chain logistics shows that North America is presently the leading market with a major number of shares because of the increased high-quality pharmaceutical products demand.
Competitive Landscape
Sterling Ultracold (US) is likely to be the top player in the global healthcare cold chain logistics market due to its strong product offering and availability of products globally. FedEx (US) is the second major player, followed by Phoenix Group (Germany). Other key players contributing to the market growth include Sonoco (US), Cardinal Health (US), Amerisource Bergen (UK), Envirotainer (Sweden), and Thermoking (US).
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