Cold Chain Logistics Market for Pharmaceuticals Industry to Record a CAGR of 10.2%, Increase in Global Demand for Pharmaceuticals to Boost Growth - Technavio

NEW YORK, Aug. 29, 2022 /PRNewswire/ -- The cold chain logistics market for pharmaceuticals industry has been segmented by service (warehousing and VAS and transportation) and geography (APAC, North America, Europe, South America, and MEA). APAC is expected to account for the majority of the market share growth during the forecast period. The growth of this region is driven by factors such as the development of the healthcare market in Asia. Moreover, market growth in this region will be faster than the growth of the market in other regions. China is the key country for the cold chain logistics market for pharmaceuticals industry in APAC.

The size of the cold chain logistics market for pharmaceuticals industry is expected to grow by USD 9.48 bn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 10.2% during the forecast period.

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Cold Chain Logistics Market for Pharmaceuticals Industry: Revenue-generating Service Segments

 The warehousing and VAS segment will be the largest contributor to the growth of the market during the forecast period. The growth of the global refrigerated market is expected to increase the use of refrigerated warehouses for storing medicines, vaccines, and biopharmaceuticals products in tropical areas. This, in turn, will fuel the growth of the global cold chain logistics market for the pharmaceuticals industry during the forecast period.

Learn about the contribution of each segment of the cold chain logistics market for pharmaceuticals industry, summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Cold Chain Logistics Market For Pharmaceuticals Industry: Key Driver and Trend

The increase in global demand for pharmaceuticals is driving the growth of the market. Life expectancy has increased across the world during the past couple of years. As a result, global pharmaceutical sales are expected to rise during the forecast period. Pharmaceutical exports from the US have grown significantly in the past couple of years. In 2020, the sales of generic drugs were nearly a quarter of the global market. The expiry of many patents on drugs as well as reforms in the healthcare sector are the main factors for the increase in the sales of generic drugs. Hence, end-user industries are availing cold chain logistics to cater to the rising demand for pharmaceutical trade.

The growing consolidation in the global healthcare logistics market is a major trend supporting the cold chain logistics market for pharmaceuticals industry. The market is highly fragmented, with the presence of several players. This poses a challenge for large players and restricts them from expanding to new regions. As a result, they have to build their network from scratch. Therefore, established logistics vendors such as United Parcel Service, Deutsche Post AG, and FedEx are using market consolidation for breaking the entry barrier into new geographies. This helps key players in adopting local or regional technologies from regional players and expanding their market presence.

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Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Service

• Market segments
• Comparison by Service
• Warehousing and VAS - Market size and forecast 2020-2025
• Transportation - Market size and forecast 2020-2025
• Market opportunity by Service

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Agility Public Warehousing Company KSCP
• Deutsche Post DHL Group
• FedEx Corp.
• JWD InfoLogistics Public Co. Ltd.
• Kerry Logistics Network Ltd.
• Kuehne + Nagel International AG
• Orient Overseas International Ltd.
• SCG Logistics Management Co. Ltd.
• United Parcel Service Inc.
• VersaCold Logistics Services

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
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Website: www.technavio.com/
Newsroom: newsroom.technavio.com/news/cold-chain-logisticsmarket

SOURCE Technavio

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