The latest report on the healthcare cold chain logistics market, published by Market Research Future (MRFR), reveals a possibility for the global market to achieve a 7.54% CAGR during the forecast period (2018-2023). It can pick up a valuation of USD 16588.3 million by the end of 2023. Cold chain logistics is profoundly impacting the healthcare sector as its applicational reach varies right from manufacturing to distribution. Diverse pharmaceutical products need controlled ambience to increase the shelf-life of the products. Hence, the need for such technology is on the rise.

Increasing export, advancing biomedical facilities, growing investment in the stem cell research departments and advancements made in personalized drugs sector are factors that can trigger the growth of the healthcare cold chain logistics market share. All these areas require a controlled atmosphere which is increasing the demand for such extensive services. However, lack of expert technicians to handle such cutting-edge devices can pose challenges for the healthcare cold chain logistics market growth during the forecast period.

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Competitive Landscape:

Leading companies to make a mark in the healthcare cold chain logistics market are American Airlines, Inc., AmerisourceBergen Corporation, Marken, DB Schenker, FedEx, KUEHNE + NAGEL, Cavalier Logistics, and DHL International GmbH. MRFR in their report on the said market published a brief yet comprehensive research on these companies for a better understanding of the competitive landscape.

In February 2019, FedEx introduced its new technology SenseAware for customers in healthcare, where the prime concern is time and environment sensitive. The technology is guided well by web-based applications and help customers to stay connected with high-value shipments. It has the unique ability to provide data on barometric pressure readings, current location, precise temperature, relative humidity, light exposure & shock events, and near real-time updates.

Segmental Analysis:

MRFR’s report on the global healthcare cold chain logistics market is detailed, and it includes segments such as product type, storage techniques, end-user, and services. The report intends to provide a comprehensive overview of the entire market to ease the process of strategic developments.

Based on the product type, the healthcare cold chain logistics market can be segmented into clinical trial materials, vaccines, biopharmaceuticals, and others. Among these, the vaccines segment has a prominent hold in the market, and it exceeded a market valuation of USD 3,800 million in 2017. The biopharmaceutical segment can outgrow the vaccine segment in the long run, and its growth rate is quite substantial. The biopharmaceutical products are expected to gain much prominence owing to the growing popularity of targeted therapies.
Based on the services, the healthcare cold chain logistics market includes packaging, transportation, storage, and others. The transportation segment plays a crucial role in the healthcare cold chain logistics sector owing to which its growth can be foretold, and it would be substantial. The storage segment can also exhibit a higher growth rate.
Based on the storage techniques, the healthcare cold chain logistics market can be segmented into liquid nitrogen, electrical refrigeration, gel packs, dry ice, and others. The electric refrigeration segment can retain its dominant position throughout the forecast period. In 2017, it was valued at USD 4,700 million.
Based on the end-user, the healthcare cold chain logistics market comprises research institutes, hospitals and clinics, biopharmaceutical companies and others. The biopharmaceutical segment is expected to retain its profitability throughout the forecast period. The dry ice segment is expected to register the highest CAGR till 2023.
Regional Analysis:

MRFR in the regional analysis section included namely Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA) for a volume-wise and value-wise discussion of the entire market.

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Latin America and North America, together, are holding the reins of the global healthcare cold chain logistics market. Presence of a number of service providers in the region and the existence of an infrastructurally superior pharmaceutical manufacturing sector is backing the growth of these two regional markets. The factors are proving vital more for North America as the U.S., alone, is creating more opportunities than most of the regions collectively can do.

Europe is the second largest market, and it can attribute the growth to its features that are quite similar to that of North America. The APAC market is all set to score substantially owing to its emerging nations and evolution as a medical tourism destination for many.