The global healthcare cold chain logistics market is expected to reach US$ 20.9 billion by 2028, growing at a CAGR of 7.1% over the forecast period. Cold Chain Logistics is gaining rapid traction from production to distribution in healthcare. In healthcare sector, the manufacturing and supply chain has always remained a key focus field, as production costs spiral upwards the need for efficient logistics and supply chain is needed. Over the next few years, the cold chain healthcare market will show strong growth. A number of modern pharmaceutical products need a regulated environment which makes the cold chain extremely significant, however cold chain penetration is moderate particularly in developing regions. Corrective measures are being taken by governments in some of the fast-developing countries to improve logistics services for the cold chain.
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There is an increase in the demand for vaccines and biopharmaceutical products that require cold chain solutions for the efficient handling of temperature-sensitive pharma products, the need of healthcare cold chain logistics market has expanded significantly. These biopharmaceutical products are complex protein molecules, the effectiveness of these products depends on the temperature controlled logistic services. The accessibility of personalized medicine is expected to benefit from the healthcare cold chain logistics market; cold chain logistics plays an essential role in the efficacy of personalized drugs. QuickSTAT Company a leading provider of cold chain logistics in the healthcare sector has integrated technologies such as GPS alerts for the real time information of the product. Many drugs, biological products and clinical trial samples are very sensitive to moisture, heat and other conditions. Over $35 billion in annual losses due to mishandling of medical products are faced every year; this is creating a substantial demand for healthcare cold chain logistics in the medical sector. Driven by ageing demographics in developed countries and rising wealth levels in developing countries, the global pharmaceutical market is forecast to grow to grow significantly over the years. Given these growth trends, losses can also be expected to increase unless preventive logistic processes are introduced during both shipping and storage to protect the goods.
Improving existing supply chains to ensure a focus on accurate temperature monitoring, cold chain monitoring, and data logging can help to maintain the integrity of the product, save money and provide patients with better treatment. At every step of the process, implementing cold chain logistics can help ensure temperature monitoring and management. Regulatory requirements for the cold chain vary by region for example, in the European region all medication packages must have a unique serial number and identifier. Given the complex regulatory landscape it is important to check with the governing body to ensure compliance with cold chain procedures. As the healthcare industry continues to evolve, technological advances will spread beyond the R&D phase to ensure that production and distribution can keep up with the products cutting-edge nature. Temperature monitoring and data logging cold chain solutions have remarkable potential for preserving of healthcare products, these solutions also aid in saving money, reducing waste and improve the health and safety. Since many of the products require temperature-controlled storage and distribution to maintain their efficacy and other properties, the issue of temperature maintenance is crucial for the pharmaceutical industry.
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The share of cold-chain logistics in the pharmaceutical industry is likely to increase in terms of revenue. In temperature sensors, data loggers, telematics and cloud computing solutions, the cold chain segment is making great strides, all of which allow track and trace and real-time remote temperature monitoring-safety aspects that are important to the pharmaceutical industry.
The value of the industry will become even more important when a vaccine is eventually developed for COVID-19. As there is uncertainty of vaccine production but the protocols and facilities for distributing the vaccine are already in place. The COVID-19 pandemic has increased the number of development programs for vaccines significantly raising the demand for cold chain service providers in the future. In order to cope with increased inflow of patients, countries are preparing for sustainable cold chain logistics to supply COVID-19 vaccine to different parts of globe. For the healthcare sector since the pandemic, cold chain logistics has emerged as a game changer ensuring the consistency of lifesaving medications and medicines. The demand for different types of vaccines has risen in recent years due to the growth in government and non-government agency programs worldwide. Also the demand for cold chain logistics for vaccines, clinical trial materials and medicines has increased significantly.
The market for cold chain logistics is developing at a very fast rate in emerging nations, as there are various government regulations for the transport of temperature sensitive pharmaceutical products the need for cold chain logistics is growing. This created ample opportunities for vendors in developing countries to capitalize on this situation and focus on developing solutions to meet the government demands. Mass immunization campaigns coordinated by governmental and non-governmental organizations in these countries are also fueling the need for reliable cold chain logistics.
The detailed research study provides qualitative and quantitative analysis of healthcare cold chain logistics market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- The transport and distribution of temperature-controlled pharmaceutical products and medical equipment is experiencing a substantial increase in the overall growth of healthcare cold chain logistics
- Over the forecast era, sales of biopharmaceuticals and vaccines in Asia Pacific region are increasing at a rapid rate. The market for healthcare cold chain logistics is on the rise in countries like India, China, Japan and other countries in Asia Pacific region.
- The major players operating in the market include American Airlines, Inc., AmerisourceBergen Corporation, Cardinal Health., CAVALIER LOGISITICS, DB Schenker, DHL International GmbH, FedEx, GLOBAL COLD CHAIN SOLUTIONS PTY LTD, KUEHNE + NAGEL, PAREXEL International Corporation., Quick International Courier, United Parcel Service of America, Inc., Unsworth, Virgin Atlantic Airways Ltd., YUSEN LOGISTICS CO, LTD and Other Market Participants.
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Healthcare Cold Chain Logistics Market:
- By Product
- Vaccines
- Pharmaceuticals
- High Value Specialities
- Biosimilars
- Small molecule innovative drugs
- Generic
- OTC Products
- Others
- APIs
- Controlled Drugs
- Biopharmaceuticals
- Clinical Trials
- Others (First Aid etc.)
- By Temperature
- 15-25°C controlled
- Refrigerated 2-8°C
- Frozen -24°C
- Cryogenic -170°C
- Others
- By Services
- End-to-End Cold Chain Distribution
- Time and Temperature-Sensitive
- Shipments
- Temperature-Controlled GDP
- Vehicles
- Packaging
- Warehousing
- Transportation
- Container Solutions
- Thermal Pallet Covers and MultiUse Insulation Blankets
- Reverse Logistics for Product
- Recalls, Returned, and Salvaged
- Products
- GDP Compliant Distribution
- Specialized SOP’s
- Others
- By Application
- Regional distributors
- Multi-nationals
- Others
- By Storage Techniques
- Electrical refrigeration
- Dry Ice
- Gel Packs
- Liquid nitrogen
- Others
- By End Users
- Hospitals/Clinics
- Research Laboratories
- Pharmacies
- Ambulatory Care Units
- Others
- By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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