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Current & Future Growth of Cold Chain Logistics in Healthcare Market in Healthcare
By Sumaiya on April 30 2019 | 499 Views
Market Research Future (MRFR) has Thoroughly Studied the Trends and Patterns in the Global Homeopathy Market. The Report offers insights into the Leading Market Players and Presents an Assessment of t
Healthcare Cold Chain Logistics Market – Overview
The progress in the pharmaceutical sector has amplified the reliance on a cold chain for healthcare to ensure deeper penetration of the drugs manufactured to the affected end users. Market reports connected with healthcare industry have been offered by Market Research Future which creates reports on other industry verticals that intends to analyze the current market scenarios better. The market is projected to achieve earnings valued at USD 16, 588.3 Mn while growing at a 7.54% CAGR in the forecast period.
A majority of pharmaceutical and healthcare related products need to be stored and transported in a manner which doesn’t reduce their efficacy. The increased investment in the creation of an effective fleet has motivated the development of the healthcare cold chain logistics market to a great extent. Seamless level of integration of the activities involving the transportation of products involving their handling, storage, and delivery is expected to create favorable aspects for the progress of the healthcare cold chain logistics market in the coming years.
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Competitive Analysis
The current implementation of strategies is expected to motivate the market in the impending years. The development of a strong value chain is moreover motivating the expansion of the market. The vertical additions and product tactics of the market are enhancing the potential of the market companies. Substantial cutbacks in administrative budgets are bringing further development of the market. The augmented conformity of market players to new clients and market trend predispositions are advancing the growth curve of the market and will continue in the forecast period. The calculated goals envisioned for the market are buoyed due to useful product differentiation supported by market contestants. The expansion of the market is moving in a favorable direction due to original product introductions or escalating gross revenue of the players in the market.
The significant contenders in the global healthcare cold chain logistics market are American Airlines, Inc., Cavalier Logistics, DHL international GmbH, AmerisourceBergen Corporation, FedEx, DB Schenker, KUEHNE + NAGEL and Marken.
Industry Updates:
Dec 2018 Cryoport, Inc. which is a leading global temperature-controlled logistics company announced the closing of a $25 million investment from Petrichor Healthcare Capital Management. This financing is estimated to cover the further expansion of the solutions offered by the company in rapidly developing cell therapy markets and life sciences industry at large. Cryoport has an exclusive position as the logistical backbone to the cell therapy industry, where they play a progressively significant and important role.
Segmental Analysis
The segmentation of the healthcare cold chain logistics market is carried out on the basis of product type, storage techniques, services, and end user. On the basis of product type, the healthcare cold chain logistics market consists of vaccines, biopharmaceuticals, clinical trial materials, and others. On the basis of services, the healthcare cold chain logistics market has been segmented into transportation, storage, packaging, and others. On the basis of storage techniques, the healthcare cold chain logistics market has been segmented into gel packs, dry ice, electrical refrigeration, liquid nitrogen, and others. On the basis of end user, the healthcare cold chain logistics market has been segmented into hospitals and clinics, biopharmaceutical companies, research institutes, and others. The regions included in the healthcare cold chain logistics market are Asia Pacific, Europe, the Americas, and the Middle East and Africa.
Detailed Regional Analysis
The regional analysis of the healthcare cold chain logistics market has been segmented into Asia Pacific, Americas, Europe, and the Middle East and Africa. The North American and the European regions have a high number of service suppliers especially in the US, Canada, and quite a few European countries. The presence of strong market players has fortified the strong position of the Americas and the European region in the global healthcare cold chain logistics market. Furthermore, the presence of an enormous pharmaceutical and biotechnology sector also offers motivation to the market in these regions. These two regions will present appealing growth prospects to market players during the forecast period. The APAC market follows the North America and European regions. The market in the APAC region is anticipated to display the highest CAGR between 2018 and 2023.
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