About Healthcare Cold Chain Monitoring
Healthcare Cold Chain Monitoring involves safe storing, freezing/thawing, transportation, tracking, and delivery of temperature sensitive medicines in well refrigerated and ventilated environments. It involves the safe transfer of vaccines, temperature sensitive medicine, bio samples, blood, cell and gene therapies (CGT). The primary goal of healthcare cold chain monitoring is confidence that proper temperature conditions where maintained during storage and transit, which helps ensure the medicinal product reaching patients are potent and safe.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 12.3% |
Healthcare Cold Chain Monitoring is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Healthcare Cold Chain Monitoring market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Berlinger and Co.AG. (Switzerland), Testo Se and Co. (Germany), Emerson Electric Co. (United States), Signatrol (United Kingdom), Haier Biomedical (China), Temptime Corporation (United States), Cold Chain Technologies (United States), Dickson (India), Rotronic (Switzerland), Sensitech (Netherland) and Modum (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Monnit Corporation (United States), Infratab (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Healthcare Cold Chain Monitoring market by and Region.
On the basis of geography, the market of Healthcare Cold Chain Monitoring 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). If we see Market by Temperature, the sub-segment i.e. Frozen will boost the Healthcare Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Antibiotic Medications will boost the Healthcare Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware Sensor will boost the Healthcare Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Biopharmaceutical Companies will boost the Healthcare Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The adoption of drone based deliveries. and Increasing demand for AI and Robotics.
Market Growth Drivers:
Increasing demand for temperature sensitive drug. and Increasing focus on quality and product sensitivity.
Challenges:
Increasing the risk of product spoilage., Lack of Tech integration leads to data inaccuracy., The extra documents for cold chain transport. and Inconsistent temperature.
Restraints:
High cost of implementation. and Lack of awareness and limited technical expertise.
Opportunities:
Technological advancement in sensor technology. and Rise in warehouse automation requirements for cold chain storage.
Market Leaders and their expansionary development strategies
In June 2021, Roambee, the Silicon Valley headquartered global supply chain visibility provider acquired Modum, a European pharma last mile focused cold chain monitoring player based in Zurich, Switzerland. This acquisition has enable Roambee to expand its cold chain visibility offering from end to end, covering primary, and the last mile delivery use cases to firm up its leadership position for real time cold chain monitoring solutions.
In November 2023, Sensitech, a leading provider of supply chain visibility solutions, launched of a new offering for monitoring outbound shipments through the SensiWatch platform. This solution marks a significant step forward in cold chain monitoring, extending the reach of real time cargo protection to the last mile of outbound operations to ensure quality shipments of perishable goods.
Key Target Audience
Research and Development, Consulting Companies, Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.