Healthcare Cold Chain Logistics Market Latest Updated Report 2024-2031

Healthcare Cold Chain Logistics Market to reach over USD 1357.60 billion by the year 2024- 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Healthcare Cold Chain Logistics Market Size, Share & Trends Analysis Report By Type (Biopharmaceuticals, Vaccines, Clinical Trial Materials, Others), Services (Storage, Transportation, Packaging, Others), Storage Techniques (Electrical refrigeration, Dry Ice, Gel Packs, Liquid Nitrogen, Others), Region, Market Outlook And Industry Analysis 2024-2031"

The global healthcare cold chain logistics market is estimated to reach over USD 1357.60 billion by 2024-2031, exhibiting a CAGR of 4.2% during the forecast period.

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Packing, storing, and transporting temperature-sensitive items in a way that keeps them at the proper temperature is made possible by healthcare cold chain logistics services, especially for the pharmaceutical sector. Many nations use cold chain logistics in healthcare to maintain the freshness of medical goods. When combined with the expanding pharmaceutical industry, this is one of the primary drivers of the market.

Furthermore, the healthcare sector is in greater need of safe medical storage and transportation without compromising the efficacy of the medications. The healthcare cold chain logistics market is expanding faster because of this and other advantages it offers, like the smooth integration of processes throughout shipment and distribution. Additionally, because of the rising prevalence of diseases, there is an increasing need for vaccinations, biopharmaceuticals, and clinical trial materials.

Moreover, the primary factors driving the expansion of the healthcare cold chain logistics industry are the growing costs associated with research and development (R&D) to generate novel drugs and treatments, the ever increasing demand for vaccines and generic drugs, and clinical trial supplies.

List of Prominent Players in the Healthcare Cold Chain Logistics Market:

• AmerisourceBergen Corporation (U.S.)
• CAVALIER LOGISITICS (U.S.)
• Continental Carbon Company (U.S.)
• DHL International GmbH (Germany
• FedEx (U.S.)
• Kuehne+Nagel (Germany)
• Deutsche Post AG (Germany)
• LifeConEx (U.S.)
• American Airlines Inc. (U.S.)
• Air Charter Service (India)
• Agility Public Warehousing Company (U.S.
• VersaCold Logistics Services (Canada),
• Delhivery Limited (India)
• YUSEN LOGISTICS CO., LTD. (India)
• V-Xpress (India)
• FulfillmentHubUSA (U.S.)
• Prompt Brazil Logistics (Brazil)

Market Dynamics:

Drivers-

Clinical trials, biopharmaceuticals, and vaccines are the three main areas where the demand for healthcare cold chain logistics is felt the most. The effectiveness of biopharmaceuticals, which are often complex protein molecules, depends on temperature-specific logistics. Biopharmaceuticals may become toxic to the human body when their chemical activity is abruptly lost due to a temperature shift., The rise in clinical trials using temperature-sensitive substances, including blood samples, tissue samples, and specific medications, has fueled market expansion.

Additionally, governments in various nations are prioritizing providing their residents with cutting-edge healthcare facilities, which is causing a significant rise in pharmaceutical exports. The demand for a well-equipped healthcare facility is anticipated to open up new opportunities in the healthcare cold chain logistics market shortly.

Furthermore, the widespread immunization campaigns by numerous government and non-governmental groups have boosted the need for vaccines. In the same way, as biopharmaceuticals are temperature-sensitive, vaccines may lose some of their potency when exposed to temperature changes. Due to the pharmaceutical and biopharmaceutical industries ' rising outsourcing trends, the need for pharmaceuticals, vaccines, and clinical trial materials in cold chain logistics is anticipated to rise significantly over the coming years.

Challenges:
Due to a lack of standards and accreditations, the quality and adaptability of available cold warehouse space are major issues for the cold chain business. Companies need to regularly upgrade the area and its characteristics to meet the standards set by the various industry segments. The policy's standards put more pressure on developers. Therefore, the need for more homogeneity in cold chain logistics is anticipated to limit industry growth.

Regional Trends:
The North American regional healthcare cold chain logistics market is projected to register a major market share. Increased investment in clinical trials, R&D operations to produce new pharmaceuticals, and the presence of top leading pharmaceutical companies all contribute to the higher proportion. As a result, R&D investments are rising due to the demand for biologics, such as vaccines and monoclonal antibodies. These are the main forces influencing the market for healthcare cold chain logistics. Besides, Asia Pacific had a substantial share of the market. The rising demand for biologics, including vaccines, spurred by the COVID-19 pandemic and expanding investments from top pharmaceutical companies are driving the demand for pharmaceutical logistics in Europe.

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Recent Developments:

• In Nov 2022, FedEx Express, a subsidiary of FedEx Corp, has announced the seventh edition of 'SME Connect' on 'Emerging Possibilities for SME's in Pharma, Healthcare, and Life Science.This installment of the FedEx SME Connect series concentrates on business insights from industry leaders on pharma and healthcare trends, opportunities, and challenges.

• In Feb 2019, Cavalier Logistics has continued to expand in order to meet the transportation and storage requirements of the temperature-controlled biopharma market. With facilities throughout the United States and an international office in London, as well as strict adherence to cGMP compliance standards and periodic retraining, clients can rest assured that their products are in good hands. Cavalier's controlled ambient facilities offer a variety of storage options for Biopharma products, including 2-8 oC cold rooms and -20 oC and -40 oC refrigerators.

Segmentation of Healthcare Cold Chain Logistics Market-
Healthcare Cold Chain Logistics Market By Type

• Biopharmaceuticals
• Vaccines
• Clinical Trial Materials
• Others

Healthcare Cold Chain Logistics Market By Services

• Storage
• Transportation
• Packaging
• Others

Healthcare Cold Chain Logistics Market By Storage Techniques

• Electrical refrigeration
• Dry Ice
• Gel Packs
• Liquid Nitrogen
• Others

Healthcare Cold Chain Logistics Market By Region-
North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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