Automation is prevailing in the supply chain field, which alongside improvements in healthcare policy reforms and increasing healthcare consumerism, substantiates the market revenues. Also, increasing complexities in the already fragmented healthcare supply chains, growing populations, rapid urbanization, and economic rise worldwide influence the market size.
Acknowledging the vast growth the market is currently witnessing, Market Research Future (MRFR) asserts that the healthcare cold chain monitoring market is poised to gain revenues worth USD 5,345.6 MN by 2027, posting a 12.2% CAGR throughout the anticipated period (2020-2027)
Dominant Key Players on Healthcare Cold Chain Monitoring Market Covered are:
- Monnit Corporation (US)
- Emerson (US)
- Carrier (US)
- Berlinger & Co. AG (Switzerland)
- Testo SE & Co. KGaA (Germany)
- Temptime Corporation (US)
- Signatrol (UK)
- Haier Biomedical (Shandong)
- Spotsee (US)
- Cold Chain Technologies (US)
- Dickson (US)
- Controlant (Iceland)
- Rotronic (Switzerland)
- Elpro (Switzerland)
- Tive (US)
- Roambee Corporation (California)
- OnAsset Intelligence Inc. (US)
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Market USP Exclusively Encompassed:
The healthcare cold chain monitoring market is growing pervasively. Factors such as the growing pressure to enhance healthcare supply chains and R&D investments to develop cold chain monitoring solutions drive the market growth. Besides, the burgeoning healthcare sector and large technological advances boost market revenues, impacting the healthcare supply chain a great deal.
Segmentation of Market Covered in the Research:
The MRFR analysis is segmented into product, component, temperature type, end-user, and region. The product segment is sub-segmented into biopharmaceuticals, vaccines, clinical trial materials, and others. The component segment is sub-segmented into software (cloud-based and on-premises) and hardware (sensors, data loggers, real-time monitoring devices, RFID devices, resistance temperature detectors, others).
The temperature type segment is divided into frozen and chilled. Similarly, the end-user segment is sub-segmented into hospitals & clinics, biopharmaceutical companies, research institutes, and others. Further, the region segment is bifurcated into the Asia Pacific, Americas, MEA, Europe, and rest-of-the-world.
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North America region dominates the global healthcare cold chain monitoring market accounting for the largest market share. Factors such as high uptake of advanced technologies and accessibility to products & services delivering cost-effective services foster the market growth in the region.
Additionally, the continually rising demand for healthcare cold chain monitoring solutions substantiates the region’s market shares. Organizations in the region on improving business agility and rising developments of active & intelligent healthcare storage drive the market growth. North America is further expected to continue its dominance during the forecast period, followed by Europe and the APAC region, respectively.
Europe is another lucrative market for healthcare cold chain monitoring solutions globally. Besides, the increasing need for customized storage and transportation to ensure the effectiveness of healthcare products boosts the market size. The strong presence of key industry players holding a substantial market share in the region influences market revenues.
The UK, Germany, and France, backed by the adoption of advanced technologies, increasing buying power, and concerns over the cost of health care, hold sizable shares in the healthcare cold chain monitoring market in the region.
However, the healthcare cold chain monitoring market in the Asia Pacific region has emerged as a promising market globally. Growing markets in China, Japan, and India, are expected to support the APAC market to turn the tables globally.
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The market appears highly competitive and fragmented, characterized by the presence of numerous players. To gain a larger competitive advantage in the market, industry players incorporate strategic partnerships, acquisitions, collaborations, expansions, and technology launches. To achieve their goals, market players make substantial investments in R&D to develop unique technologies with innovative designs and features that are completely on a different level than their competition.
Dec. 15, 2021 — CSafe Global, a leading provider of temperature-controlled container solutions, announced the acquisition of Softbox Systems, a leading passive temperature-controlled packaging solutions provider. The acquisition would position CSafe as the global leader in temperature-controlled shipping solutions, significantly enhancing its passive product portfolio.
CSafe and Softbox cater to pharmaceutical, life science and cold chain logistics industries. Together, these companies would provide a comprehensive suite of thermal shipping solutions and meet all pharmaceutical cold chain shipping needs, enabling delivery of critical temperature-sensitive products, such as next-generation biologics, cell & gene therapy, and mRNA therapies, including the COVID-19 vaccine.
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