Primary Boosters and Main Barriers

The COVID-19 outbreak has disrupted the product demand and the supply chain of almost every industry worldwide. The industrial sector’s key focus has shifted from profits to survival in the face of the pandemic and the resultant financial crunch as well as the drop in the product demand. The market growth can plummet due to the falling demand for non-essential products and services. Also, the evolving buying behavior of consumers as a result of the uncertainty brought on by xSARS-CoV-2 can affect the growth scope of the overall market.

The global healthcare cold chain logistics market outlook report expects the industry to cross USD 22,024.66 million by 2027 at a 7.89% CAGR

However, since the onset of the novel coronavirus, cold chain has emerged as an essential component in the battle against the pandemic. Healthcare has turned out to be the top end-user of cold chain logistics, with vaccines, and biopharmaceutical products witnessing unwavering demand worldwide. Despite the lockdown, leading manufacturers, cold storage warehouses and distribution centers are still working in order to ensure continuous flow of fresh products, which can favor the market growth to some extent. Pharmaceuticals constantly need efficient cold chain monitoring systems and can effectively spur the market demand in the coming period.

The rising adoption of advanced cold chain technologies such as RFID, cloud WMS, AGVs, sensor tags, mobile racking and IOT has led to more efficient warehouse operations, enhanced productivity of the cold chain monitoring systems. A mounting number of cold chain firms are embracing digitization and automation to bring down the overall costs and enhance the business efficiency. Automation has emerged as the most critical weapon in tackling with challenges posed by SARS-CoV-2. Also, partnerships and mergers seem to be the top favored growth strategies being adopted by the renowned vendors to elevate their market position.

Market Segmentation              

The key segments covered in the MRFR study of the healthcare cold chain logistics industry include product type, storage techniques, services, and end-users.

The different product types considered in the report are vaccines, clinical trial materials, biopharmaceuticals, and many more. The leading spot has been secured by the vaccines segment, as a large number of these products require proper temperature control that is offered primarily by cold chain.

The healthcare cold chain logistics market, with respect to storage techniques, caters to electrical refrigeration, dry ice, gel packs, liquid nitrogen, and more. The most commonly deployed technique is electrical refrigeration as it is used extensively for preserving a variety of pharmaceutical products.

The services outlined in the report are packaging, storage, transportation, and many more. The transportation category will note the highest demand in the years ahead and garner a solid valuation.

Major end-users of healthcare cold chain logistics are research institutes, biopharmaceutical companies, hospitals and clinics, and others. The biopharmaceutical companies currently as the leading end-users in the healthcare cold chain logistics.

Regional Insight

The five key geographies considered in the market study are Europe, Latin America, the Middle East & Africa/MEA) APAC/Asia Pacific along with North America.

The APAC market is the currently the leader and is the top consumer of healthcare cold chain logistics. Thanks to the rapid economic growth, rising trade of temperature-sensitive pharma items, escalating industrialization rate, and the extensive rollout of warehouse and transportation networks, particularly in India and China, the market attractiveness is bound to grow further in the coming years. Another important growth inducer can be the rising innovations in connected devices technologies including IoT/Internet of Things and RFID/ Radio Frequency Identification combined with the soaring demand for intelligent sensors.

North America is another important market, thanks to the massive investments that go in cold chain services and solutions along with the rising demand for vaccines and biopharmaceutical products. Also, the high requirement for refrigeration across the pharmaceutical industry could benefit the North American market. The United States heads the regional market, as a result of the well-developed pharmaceutical industry and the growth in the different types of drugs that need controlled room temperature.

Top Market Firms

FedEx, Cavalier Logistics, American Airlines, Inc., Marken, KUEHNE + NAGEL, DB Schenker, AmerisourceBergen Corporation, DHL international GmbH, are the well-known Companies mentioned in the healthcare cold chain logistics market insights report.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com