Healthcare Cold Chain Logistics Market Analysis by Product Type (Biopharmaceuticals, Clinical Trial Materials, Vaccines, and Others); and by Services (Storage, Packaging, Transportation, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

Global Healthcare Cold Chain Logistics Market Report Scope

Global Healthcare Cold Chain Logistics Market Highlights Over 2022 - 2031

The global healthcare cold chain logistics market is estimated to garner a revenue of USD 19.0 billion by the end of 2031 by growing at a CAGR of ~3% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 17.0 billion in the year 2021. This can be attributed to the rise of the biopharmaceutical industry which requires raw materials from different sources for the production of drugs.  As per the data provided by the International Federation of Pharmaceutical Manufacturers & Associations, the biopharmaceutical industry contributed to the growth of the global GDP with USD 791 billion in 2018 owing to its consumption of intermediate inputs from several sectors through its global value chains.

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A cold chain logistics system allows for temperature-controlled packaging, storage, and transportation of temperature-sensitive products. It is an important component of the pharmaceutical industry to keep its products potent with a controlled environment. Furthermore, the main types of cold chain logistics in pharma on the basis of product type are vaccines, biopharmaceuticals, and clinical trial materials. For instance, China, in order to develop cold-chain logistics has developed a 5-year plan that will lead to the construction of 100 national cold-chain logistics bases near areas. The purpose of the plan is to meet the growing public demand for pharmaceuticals, agricultural produce, and frozen food.

Global Healthcare Cold Chain Logistics Market: Growth Drivers and Challenges

Growth Drivers

• Rising Healthcare Expenditure – With the rising healthcare expenditure among people, there will be an increase in the transportation of healthcare products. Therefore, it is expected to spur the growth of the global healthcare cold chain logistics market. As per the World Bank, the current healthcare expenditure in the United States has increased from 14.61 percent of the GDP in 2005 to 16.77 percent of the GDP in 2019.

• Surge in Pharmaceutical Sales, Internationally and Domestically– There has been an increase in the demand for proper logistics systems for the transport of drugs within or outside the country, and it is anticipated to drive the growth of the global healthcare cold chain logistics market. The pharmaceutical sales between domestic companies in Japan have increased to 89.8 percent in 2019 from 78.8 percent in 2001, as per the Japan Pharmaceutical Manufacturers Association.

• Growth in the Logistics Industry – According to the Logistics Skill Council, the Indian logistics sector contributed 14.4 percent of the GDP in 2016, valued at USD 150 billion, and is expected to reach USD 15522.02 billion by the year 2023.

• Rising Demand for Vaccines Across the Globe – The total vaccination for COVID-19 has been increased in India to 1,99,12,79, 010 in July 2022 as per the Ministry of Health and Family Welfare Government of India.

• Advancement of Technology in Healthcare Industry- The advancement of technology development in the healthcare industry is projected to raise the demand for an advanced level of cold chain logistics systems for storing and transporting purposes. Hence, it is anticipated to surge the growth of the global healthcare cold chain logistics market. The estimated global medical technology research and development spending has been raised to USD 31 billion.

Challenges

• Insufficient Cold Chain Logistics Capacity in Low-Income Regions

• Noncompliance of Healthcare Cold Chain Logistics with Regulatory Standards

• Requirement of High Investment for Healthcare Cold Chain Logistics

The global healthcare cold chain logistics market is segmented and analyzed for demand and supply by product type into biopharmaceuticals, clinical trial materials, vaccines, and others. Out of these, the vaccines segment is anticipated to hold the largest share of the market and is expected to witness significant growth over the forecast period. The growth of the vaccine segment is attributed to the worldwide immunization process followed by the rise in the prevalence of various diseases. For instance, 67.0 percent, and 66.1 percent of the total population in the United States and India have completed vaccination against COVID-19 till July 2022.

Global Healthcare Cold Chain Logistics Market Regional Synopsis

Regionally, the global healthcare cold chain logistics market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 owing to various factors such as the presence of large pharmaceutical companies, the rising prevalence of several diseases, a developed healthcare sector, and rising consumer awareness among the populace.

Furthermore, the market in the Asia Pacific region is projected to witness moderate growth owing to the presence of strong market players, a rise in health expenditure, and a surge in investments made by the government in healthcare facilities. As per the World Bank, China’s health expenditures are expected to increase from 5.6 percent of GDP in 2015 to 9.1 percent of GDP in 2035 if it continues with its business as usual.

Market Segmentation

Our in-depth analysis of the global healthcare cold chain logistics market includes the following segments:

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Key Companies Dominating the Global Healthcare Cold Chain Logistics Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global healthcare cold chain logistics market that are included in our report are Deutsche Post AG, AmerisourceBergen Corporation, FedEx Corporation Services, Inc., United Parcel Service of America, Inc., Cavalier Logistics, Inc., Schenker AG Kruppstrßa, American Airlines, Inc., Marken Limited, Continental AG, VersaCold Logistic Services, and others.

Global Healthcare Cold Chain Logistics Market: Latest Developments

• May, 2022- FedEx announced their second successful delivery of 100,000 pounds of Gerber baby formula from Germany to Dulles International Airport.

• July, 2021- American Airlines joined in the White House initiative for global distribution of COVID-19 vaccines. As a part of this initiative, 1.5 million COVID-19 vaccine doses were transported through American Airlines from Chicago.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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