Global Cold Drug Logistics Market Overview:
The cold chain generally refers to managing the temperature of perishable products however, to maintain quality and safety from the point of origin through the distribution chain to the final consumer. Transport and storage equipment, trained personnel, and efficient management procedures are three main components of cold drugs logistics. Cold drugs logistics are commonly used in the food and pharmaceutical industries and also in some chemical shipments. A bloodless chain is a temperature-controlled furnish chain. It usually includes steady refrigeration of the product from the time of its manufacturing via its transportation, handling, storage, and delivery. A bloodless chain is required to keep and keep the usability of merchandise like meals items, chemicals, and now increasingly, pharmaceutical products.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Cold drugs logistics is turning into globally due to these pandemic situation increasing demand for medicine
Market Growth Drivers:
Increases in outsourcing logistics activities by pharmaceutical companies
Challenges:
Maintaining proper temperature for pharmaceuticals product is main challenge
Restraints:
Owing the high operational cost
Opportunities:
High temperature may cause the degradation to the end users
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies and product life. There is numerous growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are AmeriCold Logistics, LLC (United States), Lineage Logistics Holdings, LLC (United States), VERSACOLD LOGISTICS SERVICES (Canada), AGRO MERCHANTS GROUP LLC (United States), NICHIREI LOGISTICS GROUP INC. (Japan), Preferred Freezer Services (United States.), CONGEBEC LOGISTICS INC. (Canada), BURRIS LOGISTICS INC (United States), CONESTOGA COLD STORAGE (Canada) and TIPPMANN GROUP (United States). Additionally, following companies can also be profiled that are part of our coverage like Biocair (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Cold Drug Logistics market by 2028. Considering Market by End Use Industry, the sub-segment i.e. Hospitals will boost the Cold Drug Logistics market. Considering Market by Transport, the sub-segment i.e. Reagent Transport will boost the Cold Drug Logistics market. Considering Market by Ways, the sub-segment i.e. Airways will boost the Cold Drug Logistics market.
In 2020, the demand for cold drugs logistics was having high demand due to COVID-19, many different varieties of vaccines need to be stored and transported at different temperature ranges—often together in the same vehicle or cold store.
What Can be Explored with the Cold Drug Logistics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cold Drug Logistics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cold Drug Logistics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cold Drug Logistics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cold Drug Logistics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufactures, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.