The global market for healthcare products (biopharmaceuticals, vaccines and clinical trial materials) requiring cold chain services is currently experiencing strong growth rates. According to IMARC Group’s new report, “Global Healthcare Cold Chain Logistics Market Report and Forecast (2016-2020)” this market reached a value of US$ 238 Billion in 2014 and is creating huge opportunities for cold chain logistic providers.
The healthcare cold chain services industry comprises of packaging, storage, monitoring and transportation of temperature sensitive products. One of the biggest drivers of this market is the vaccines sector which has been witnessing strong double digit growth rates over the past several years. According to an analyst at IMARC Group “the production of vaccines is concentrated mostly in Europe, North America and a few Asian countries, whereas its consumption is diversified across the world. Thus the global vaccine supply chain involves a lot of movement with exports from a few manufacturing countries and imports to across the world which lack manufacturing capabilities.”
The report also finds that all vaccines are sensitive to heat, freezing and light; and must be kept at temperatures between +2˚C to +8˚C. The cold chain process in vaccines begins from the time it is manufactured and ends when it is administered to the recipient. This extensive packaging, storage and transport of vaccines across the world is currently creating huge opportunities for the cold chain logistic services Industry.
IMARC Group’s latest report titled “Global Healthcare Cold Chain Logistics Market Report and Forecast (2016-2020)” has analysed the cold chain logistic services opportunities not only in the vaccines sector but also in clinical trial materials and biopharmaceuticals. This report provides an insight into the market trends, market segments, region breakup, challenges, global trade scenario and the key players in the healthcare cold chain logistics industry. The report, which is based on both desk based research and multiple waves of primary research is a must read for anyone who plans to venture into the healthcare cold chain logistics services industry.
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