The latest published report by Polaris Market Research “Biopharma Cold Chain Logistics Market Share, Size, Trends, Industry Analysis Report, By Component (Storage [Warehouse, Refrigerated Container], Transportation [Sea Freight Logistics, Air Freight Logistics, Overland Logistics], Monitoring Components); By Regions; Segment Forecast, 2020 – 2027” it gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market Analysis:
The global biopharma cold chain logistics market was valued at USD 15.6 billion in 2019 and size is expected to reach USD 26.8 Billion by 2027 to grow at a CAGR of 7.1% during 2020 – 2027. according to a new study by Polaris Market Research. The global market is anticipated to grow owing to the necessity of cold chain infrastructure in the supply chain network for the temperature sensitive vaccines and drugs, cost containment measures, and technology enabled services for real time monitoring. Moreover, government’s positive initiatives to reduce the wastage and enhancement of services at the local level is also expected to boost the investments in the concerned market.
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Segment Highlight
- The storage segment accounted for the largest revenue share in 2019 and is expected to continue its dominance over the forecast period on account of the growing demand for temperature-sensitive pharmaceuticals.
- Monitoring components segment is expected to witness significant growth over the projected period on account of the increasing need to maintain safety and integrity of the biopharmaceuticals
- North America accounted for the largest revenue share in 2019 owing to the growing demand for biopharma cold chain logistics and presence of several market players operating in the U.S. and Canada
The market is fragmented based on type, component, and region. In terms of type, the market is segmented into cold and non-cold. Based on component, the biopharma cold chain logistics market is bifurcated as storage, transportation, and monitoring components. Storage segment is further segmented as warehouse, and refrigerated container. Transportation is further segregated as sea freight logistics, air freight logistics, and overland logistics. Monitoring components is bifurcated as hardware and software.
List of Key Players
- Air Canada
- DB Schenker
- Kuehne+ Nagel
- United Parcel Service of America, Inc.
- Deutsche Post AG
- Deutsche Post DHL
- LifeConEx
- VersaCold Logistics Services
- Panalpina World Transport
- Marken
- FedEx
- CEVA Logistics
- others
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Regional Analysis:
From a regional perspective, North America led the market for biopharma cold chain logistics, owing to increasing demand for cold chain logistics in developed countries in the region. Stringent regulations regarding the transportation of temperature-sensitive pharmaceuticals are also driving growth for the market. Public-private sector organizations from developing economies in the Asia Pacific region are conducting mass immunization programs, fueling demand for reliable logistics services for making such initiatives successful. A surge in demand for vaccines and drugs in Asian countries shaping the regional healthcare industry. It is turning out to be a major growth booster for biopharma logistics firms to take maximum advantage of operating in a region having the largest population.
Table of Contents
Introduction
Executive Summary
Research Methodology
Biopharma Cold Chain Logistics Market Insights
Biopharma Cold Chain Logistics Market Assessment by Component
- Storage
- Warehouse
- Refrigerated Container
- Transportation
- Sea Freight Logistics
- Air Freight Logistics
- Overland Logistics
- Monitoring Components
- Hardware
- Sensors
- RFID Devices
- Telematics
- Networking Devices
- Software
- Hardware
Biopharma Cold Chain Logistics Market Assessment by Geography
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Competitive Landscape
Company Profiles
Continued…
List of Tables
Table 1 Global Biopharma Cold Chain Logistics Market, By Component, 2016 – 2027 (USD Million)
Table 2 Biopharma Cold Chain Logistics Market Assessment, By Geography, 2016 – 2027 (USD Million)
Table 3 North America: Biopharma Cold Chain Logistics Market, By Component, 2016 – 2027 (USD Million)
Continued…
List of Figures
Figure 1 Market Highlights (2019, Revenue)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top Down & Bottom Up Approach
Continued…
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The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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