Global Healthcare Cold Chain Logistics Market, By Type (Biopharmaceuticals, Vaccines, Clinical Trial Materials, Others), Services (Storage, Transportation, Packaging, Others), Storage Techniques (Electrical refrigeration, Dry Ice, Gel Packs, Liquid Nitrogen, Others) – Industry Trends and Forecast to 2030.
Healthcare Cold Chain Logistics Market Analysis and Size
Healthcare cold chain logistics are increasingly being used to preserve healthcare products around the world. This, along with the expanding pharmaceutical industry, is one of the key factors driving the market. Furthermore, there is an increase in the need for proper drug storage and transportation in the healthcare sector without compromising drug efficiency. This is accelerating the market's growth along with a number of advantages offered by healthcare cold chain logistics, including the seamless integration of operations during shipping and distribution. Furthermore, the rising demand for biopharmaceuticals, vaccines, and clinical trial materials as a result of the increasing prevalence of numerous diseases is positively influencing the market.
Data Bridge Market Research analyses that the healthcare cold chain logistics market which is USD 970.49 billion in 2022, is expected to reach USD 1307.88 billion by 2030, at a CAGR of 3.8% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Healthcare Cold Chain Logistics Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Biopharmaceuticals, Vaccines, Clinical Trial Materials, Others), Services (Storage, Transportation, Packaging, Others), Storage Techniques (Electrical refrigeration, Dry Ice, Gel Packs, Liquid Nitrogen, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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)
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Market Opportunities
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Market Definition
Healthcare cold chain logistics is a service that allows for temperature-controlled packaging, proper storage, and transportation of temperature-sensitive products, particularly in the pharmaceutical sector. It aids in preserving efficacy and extending the shelf life of products such as medicines, vaccines, biopharmaceuticals, samples, and other items.
Healthcare Cold Chain Logistics Market Dynamics
Drivers
- Rising need for healthcare cold chain logistics
The need for healthcare cold chain logistics is primarily felt in three major segments: biopharmaceuticals, vaccines and clinical trials. Biopharmaceuticals are generally complex protein molecules and their efficacy requires temperature-specific logistics. Any abrupt temperature change may lead to loss of chemical activity and make biopharmaceuticals harmful for human body. Moreover, an increasing number of clinical trials employing temperature sensitive materials such as blood sample, tissue sample and certain drugs, has stimulated the market growth.
- Increasing pharmaceutical and healthcare industries
The pharmaceutical and healthcare industries are expanding rapidly and developing novel drugs with increased efficacy. These medications require proper storage and refrigeration. This requirement has expanded the scope of healthcare cold chain logistics. Furthermore, pharmaceutical exports are rapidly increasing as a result of several countries' governments' emphasis on providing advanced healthcare facilities to their citizens. In the near future, the need for a well-equipped healthcare setup is expected to pave the way for new avenues in the healthcare cold chain logistics market.
Opportunities
- Rise in demand of vaccines
The demand for vaccines has increased, owing to the mass immunization programmes conducted by various government and non-government organizations. Vaccines are also temperature sensitive as biopharmaceuticals, and their potency may reduce on exposure to temperature variations. Driven by the increasing outsourcing trends in the pharmaceutical and biopharmaceutical industry, the cold chain logistics demand for drugs, vaccines and clinical trial materials is expected to increase significantly.
Restraints/Challenges
- Lack of standardization
The quality and adaptability of available cold warehouse space are key problems for the cold chain industry due to a lack of standards and accreditations. Companies frequently need to make additional investments to bring the space and its specifications up to the requirements required by the various industry segments. Pressure on developers is increased by the standards created by the policymakers. Therefore, it is projected that a lack of uniformity in cold chain logistics will restrain the market expansion.
This healthcare cold chain logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare cold chain logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Healthcare Cold Chain Logistics Market
The onset of COVID-19 vaccination disrupted all supply chains, but healthcare logistics were not hampered due to the ongoing need for drug supplies. Furthermore, vaccination drives in all countries around the world increased demand for the healthcare cold chain logistics market, as vaccines must be stored at controlled temperatures. These factors have contributed to the growth of the healthcare cold chain logistics market.
Recent Developments
- In 2021, Varcode, a provider of automated time and temperature sensitive supply chain systems, announced a strategic alliance with PL Developments (PLD), a manufacturer, packager, and distributor of healthcare devices, to broaden the reach and scope of Varcode's cold chain control technologies.
Global Healthcare Cold Chain Logistics Market Scope
The healthcare cold chain logistics market is segmented on the basis of type, services, and storage techniques. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Biopharmaceuticals
- Vaccines
- Clinical Trial Materials
- Others
Services
- Storage
- Transportation
- Packaging
- Others
Storage Techniques
- Electrical refrigeration
- Dry Ice
- Gel Packs
- Liquid Nitrogen
- Others
Healthcare Cold Chain Logistics Market Regional Analysis/Insights
The healthcare cold chain logistics market is analyzed and market size insights and trends are provided by country, type, services, and storage techniques as referenced above.
The countries covered in the healthcare cold chain logistics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare cold chain logistics market because of well-developed healthcare infrastructure and an increase in diseases necessitating healthcare products with proper storage and transportation.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to developing healthcare.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The healthcare cold chain logistics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare cold chain logistics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare cold chain logistics market. The data is available for historic period 2011-2021.
Competitive Landscape and Healthcare Cold Chain Logistics Market Share Analysis
The healthcare cold chain logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare cold chain logistics market.
Some of the major players operating in the healthcare cold chain logistics market are:
- 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)
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