Pharmaceutical Cold Chain Logistics Market Scope
The growing need for maintaining the cold chain integrity for pharmaceutical products and decreasing the distribution cost by creating a single source distribution channel is boosting the demand of the pharmaceutical cold chain logistics market in the forecasted period. A cold chain is a temperature-controlled supply chain. It typically involves constant refrigeration of the product from the time of its production through its transportation, handling, storage, and delivery.
The industry is highly competitive. Major companies in the market strive to offer cloud-based supply chain solutions and secured supply chain functions as it helps manufacturers in verifying the authenticity of the drugs, in avoiding the production of counterfeit drugs and medical devices, among others. A large number of companies are entering into merger and acquisition to expand their geographical presence and proprietary knowledge. They are also focusing on reducing the overall packaging costs of their products. In addition, economic reforms have led to the growth of the global market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pharmaceutical Cold Chain Logistics market throughout the predicted period.
DHL International GmBH (Germany), KUEHNE + NAGEL (Switzerland), DB Schenker (Germany), United Parcel Service Inc. (United States), LifeConEx LLC (United States), World Courier (United States), FedEx Corporation (United States) and Agility (Kuwait) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Pharmaceutical Cold Chain Logistics market , by Application (Pharmaceuticals, CRO and Others) and Region with country level break-up.
On the basis of geography, the market of Pharmaceutical Cold Chain Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Decreasing the Distribution Cost by Creating a Single Source Distribution Channel
Market Growth Drivers:
The Increasing Demand for Household Healthcare Products and Growing Adoption for Fast Track Assistance
Restraints:
Growing Concern Related to High Packaging Cost and Lack Of Standardization
Opportunities:
Increasing Regulatory efforts Perticullerly around Temperature Management and Rising Demand from the Emerging Markets
Key Target Audience
Pharmaceutical Cold Chain Logistics Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organization and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.