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|The healthcare cold chain logistics market size was worth USD 13.5 billion in 2020 recording a CAGR of 7.3% to reach USD 20.0 million by 2027 during the foreseen period.
Industry Overview
Healthcare cold chain logistics is the service that allows proper storage and transportation for protecting temperature-sensitive products and temperature-controlled packaging over the dc. The cold chain logistics helps in conserving effectiveness and maintaining the shelf-life of the products like vaccines, medicines, and 50.
A cold chain is the incorporation of temperature-controlled surface transport and supply chain. Also, it refers to the freezing solutions intended to maintain the quality and shelf life of the products like seafood, fresh agricultural produce, chemicals, frozen food, photographic film, and pharmaceutical drugs.
Cold chain logistics play a crucial role in decreasing the waste of the perishable products and commodities supplying profitable prices to the farmers.
Market Drivers
The demand for growth in the sales of temperature-sensitive healthcare products with increasing demand for cold chain logistics services propels the market with robust growth during the period. The demand for refrigerated warehouses is surging and the growth in the pharmaceutical and food industries is likely to foster the global market.
The acceptance of the product is rising and the significance of personalized drugs is inflating the patient pool is scheduled to be grown at a quicker rate throughout the period. Vaccines and biopharmaceuticals demand is surging and strict rules and regulations for efficient handling of temperature-sensitive pharma products are causing remunerative growth in for healthcare cold chain logistics market growth. Cold chain logistics plays a crucial role in the pharmaceutical sector in raising the efficiency of the drug throughout the supply chain to the end consumers.
The number of chronic and lifestyle changes and related diseases has spurred market growth due to the accelerating demand for various kinds of drugs to help fight the diseases. These factors accentuate the growing demand for cold chain logistics in healthcare.
Market Restrains
Inversely, insecure regulatory standards for the cold chain in the healthcare sector are said to affect the market negatively. Along with this, the irresponsible execution of procedures required to maintain density over the process is hindering the market. The dearth of standardization and high operational costs obstruct the market growth during the period.
Recent Market Developments
Segment Analysis
The global healthcare cold chain logistics market is categorized based on the product type, and services.
Based on the Product
The vaccine segment is dominating the global healthcare cold chain logistics market. The demand for COVID-19 vaccine is rising in recent times as the number of cases is increasing resulting in the growth in demand for cold chain logistics.
As vaccines have a huge demand as a huge number of products need appropriate temperature control provided by the cold chain.
For the time being, the segment that is growing with the highest CAGR growth rate is biopharmaceuticals. Opportunities in biopharmaceutical products are created via the growth in familiarity for aimed diseases.
Based on the Services
The transportation services act crucially. The transportation services demand is very high.
The storage segment is anticipated to grow swiftly over 2023. The segment is said to grow with the highest CAGR rate during the foreseen period.
Regional Analysis
North America pioneers the healthcare cold chain logistics market with the largest share. The regions involve the presence of a large number of pharma companies with an immense network of suppliers. The pharmaceutical manufacturers are focusing on product sensitivity and quality. The U.S and Canada contribute a major share in the global healthcare cold chain logistics market. The market in the United States owes to the growing online grocery purchase and the need for cold storage is surging.
Europe stands second in place in the healthcare cold chain logistics market throughout the foreseen period. The region's expansion owes to the rising number of refrigerated warehouses and the strong extension in the pharmaceutical sector.
Germany and UK are expected to make a remarkable contribution in raising the market growth over the upcoming years.
Vietnam is anticipated to have a quick growth over the coming years. It owes to the rising middle-class population with the growing food processing industry.
However, Asia-Pacific is estimated to experience the quickest growth rate during the foretold period. In Australia, China, and India, the quick adoption of RFID technology in the cold chain market due to the rising food and beverages retail industry assists the market growth.
Latin America and the Middle East and African regions are growing at a tremendous growth rate in the market. The occurrence of a large number of pharmaceutical manufacturing industries upgrades the market growth.
Top key players in Healthcare Cold Chain Logistics Market
1. AmerisourceBergen Corporation
2. CAVALIER LOGISTICS
3.Continental Carbon Company
4.DHL International GmbH
5.FedEx
6. Kuehne+Nagel
7. Deutsche Post AG
8. LifeConEx
9.American Airlines Cargo
10. Air Charter Service India Pvt Ltd
11. A.P. Moller – Maersk
12. Agility, VersaCold Logistics Services
13. DelhiveryPvt Ltd
14. YUSEN LOGISTICS CO., LTD.,
15.V-Xpress
16. FulfillmentHubUSA
17. Prompt Brazil Logistics
Chapter 1. Global Healthcare Cold Chain Logistics Market – Scope & Methodology
1.1. Market Segmentation
1.2. Assumptions
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Global Healthcare Cold Chain Logistics Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2027) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2022 - 2027
2.3.2. Impact on Supply – Demand
Chapter 3. Global Healthcare Cold Chain Logistics Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Global Healthcare Cold Chain Logistics Market
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Global Healthcare Cold Chain Logistics Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Global Healthcare Cold Chain Logistics Market – By Product
6.1. Biopharmaceuticals
6.2. Vaccines
6.3. Clinical trials
Chapter 7. Global Healthcare Cold Chain Logistics Market – By Organization Size
7.1. Large Enterprises
7.2. Small and Medium Enterprises
Chapter 8. Global Healthcare Cold Chain Logistics Market – By Services
8.1. Transportation
8.2. Packaging
8.3. Instrumentation
8.4. Storage
Chapter 9. Global Healthcare Cold Chain Logistics Market - Market Size, Forecast, Trends & Insights
9.1. North America
9.1.1. U.S.A
9.1.2. Canada
9.1.3. Mexico
9.2. Europe
9.2.1. Italy
9.2.2. Spain
9.2.3. Russia
9.2.4. Germany
9.2.5. UK
9.2.6. France
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.1. Japan
9.3.2. South Korea
9.3.3. China
9.3.4. India
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.2. Africa
9.4.3. South America
Chapter 10. Global Healthcare Cold Chain Logistics Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5 Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
Primary & Secondary Sources to Collect & Validate Data
Utilization of Both Top Down & Bottom Up Approach
Holistic Research Methodology
Scope & Introductory Research
In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.
Data Collection
Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders.
Data Fusion
At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.
Data Analysis
At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.
Verification
Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report.
Quality Assurance & Report Preparation
Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.
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