Market Research Future (MRFR) Conducted an Elaborate Study on the Global Healthcare Cold Chain Logistics Market that predicts the growth of the market with a substantial Growth during the forecast period of 2019-2023. Covered All the Segments and Sub Segments, Along With Top Industry Players and Geological Region.
The Global Healthcare Cold Chain Logistics Market is on track to witness high growth during the upcoming assessment period. This projection has been made by Market Research Future in its latest report. Healthcare has been receiving increasing focus on a global scale, and the growth of the healthcare sector has directly influenced the growth of healthcare cold chain logistics.
Across the globe, particularly in emerging economies, the healthcare sector has been growing at a considerable rate. Ongoing intensive research & development activities, as well as the growth of the biomedical field and drug discovery, has increased the demand for biopharmaceuticals and vaccines. Proper storage for these necessary to maintain quality and shelf life, thus driving the growth of healthcare cold chain logistics. Notably, the rising demand and promise of personalized medicine heavily rely on cold chain logistics for efficiency. Moreover, the pharmaceutical sector is focusing on drug discovery which is increasingly making use of small molecules as well as the use of temperature-sensitive pharmaceutical ingredients which drive the growth of the market. Moreover, government bodies across the world are setting up standards with regards to temperature and transport of pharmaceuticals and strict regulations have been passed for the same.
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The market is expected to witness growth opportunities from emerging economies during the forecast period. Developing countries such as India have tropical climates which require cold chain logistics to maintain efficacy of transported materials.
MRFR’s profiling of prominent competitors in the healthcare cold chain logistics market includes DB Schenker Inc., FedEx Corporation, Kuehne & Nagel International AG, World Courier Group Inc., LifeConEx LLC, Continental Air Cargo, United Parcel Service Inc., and DHL International GmbH among others.
Segmentation of the market in MRFR’s report has been conducted on the basis of product, storage techniques, services, and region. Products commonly shipped using healthcare cold chain logistics include vaccines, biopharmaceuticals, clinical trials materials, and others. These materials are often temperature sensitive and require the use of proper storage techniques to maintain efficacy.
Storage techniques used by healthcare cold chain logistics providers include liquid nitrogen, gel packs, and dry ice.
Services offered by healthcare cold chain logistics providers include packaging, instrumentation, and transportation.
The market is also divided into key regions in the report for comprehensive analysis and includes Europe, Asia Pacific, North America, and the Rest of the World.
North America is a key market for healthcare cold chain logistics, due to the presence of a well-developed healthcare sector in the region. Several key players in the region are instrumental in driving growth of the market. Moreover, the region has a high prevalence of chronic diseases for which there is ongoing development of efficient pharmaceuticals, many of which are temperature sensitive.
The Asia Pacific represents a region of immense opportunity for the healthcare cold chain logistics market. The region has several emerging economies which have naturally tropical climates which are too hot for efficient storage of temperature sensitive pharmaceuticals without the use of cold chain logistics. Moreover, the healthcare sector in the region is undergoing reform, and increasing investments are being made toward the development of the healthcare sector. The presence of a massive patient population in the region has attracted significant market players to offer their services here.
Europe is another significant market in the global healthcare cold chain logistics market. The region has a strict regulatory framework surrounding the transport of temperature-sensitive pharmaceutical materials. The region also has a high affinity toward the adoption of technologically advanced healthcare solutions which is propelling growth for the European market.
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