The global temperature controlled services for healthcare market was valued is expected to reach US$ 15,795.0 Mn by 2027, and is expanding at a CAGR of 12.6% during the forecast period.
A temperature controlled service for the healthcare market includes logistics services to support temperature-sensitive pharmaceutical products. The rise in global trade and policies supporting international trade is supporting the temperature controlled services to grow. Due to the pandemic, governments worldwide are focusing on providing excellent healthcare facilities and medical supplies to patients. Additionally, the rising pharmaceutical transportation using the waterways is considerably driving the temperature controlled services for healthcare industry. Another factor contributing to the growth in the logistics for temperature controlled packaging is the rising government initiatives undertaken by the government to develop healthcare infrastructure in rural areas. However, the loss and damage of the healthcare products during the transit is hampering the market growth of temperature controlled services market.
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By Services Type |
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By Logistics Type |
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By Region |
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The unique insights provided by this report also includes the following:
Based on Service Type, transportation segment dominated the market in 2020
A huge part of the logistics services is attributed to transportation owing to its high cost. Among the various modes of transportation, overland transport accounted for the largest market share in 2020. In the international supply, trucks are the main workhorses alongside railways. Trucks are the most common way of transportation and in the U.S., an average of 50 million tons of freight is transported using trucks each day. Overland transport is the most widely used mode of transport owing to the presence of excellent road infrastructure in most of the countries worldwide, flexibility, and ability of door-to-door service.
Furthermore, the increasing demand for sea freight is anticipated to accelerate the demand for temperature controlled services during the forecast period. Using water transport reduces transportation by almost 70% to 80% and is thus gaining popularity among pharmaceutical manufacturing companies.
Based on Logistics Type, Non-cold chain logistics held the largest market share in the global temperature controlled services for healthcare market in 2020
The non-cold chain logistics is used for the transportation of healthcare products that do not require temperature control. The non-cold chain logistics accounted for the largest market share in 2020, driven by the considerable demand from the pharmaceutical industry. Whereas, cold chain logistics involves the shipment of temperature-sensitive products using refrigerated and thermal packaging to protect the integrity of products. Cold chain logistics is the fastest growing segment when it comes to biopharmaceutical logistics. The biopharmaceutical industry is witnessing exponential growth which is supporting the market for cold chain logistics.
The market for cold chain logistics is growing at a higher rate due to the rising demand and development of temperature-sensitive healthcare products. Cold chain logistics experienced a surge in demand over the past two years due to the advent of pandemic. The ongoing COVID-19 vaccine distribution has proliferated the demand for cold chain logistics as the vaccines are sensitive to temperature.
However, most of the developing countries lack the appropriate infrastructure to support cold chain logistics which significantly hampered the market growth and posed challenges in the vaccine distribution for coronavirus. Most of the companies across the healthcare logistics have grabbed the opportunity during pandemic to cater to the rising healthcare needs by introducing new solutions and expanding their business.
Based on Regions, the North America region is the largest contributor to the market revenue in 2020
North America held the largest market share in 2020 and the market growth in the region is attributed to the accelerating demand from the healthcare industry, regulatory changes supporting the pharmaceutical industry growth, and increasing technology integration in healthcare logistics.
Technologies such as RFID, IoT, and drone are increasingly being used across temperature controlled services. Companies across the healthcare logistics supply chain are providing new services and solutions to meet the demand for contact-free delivery amid the pandemic. For instance, in July 2020, UPS expanded its drone delivery network in North Carolina in collaboration with Matternet’s M2 drone system to enable a new hospital delivery network.
Company Profiles and Competitive Intelligence:
The major players operating in the global temperature-controlled services for healthcare market are, United Parcel Service, FedEx Corp., Envirotainer AB, DB Schenker, DHL Group, and Continental Cargo OU, among others.
The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities, and challenges
Drivers
Restraints
Opportunities
The report also provides in-depth analysis of key market trends
| Sr. No. | Trends | Impact |
| 1 | There are many facets to the cold supply chain and this diversity provides significant opportunities for investments. A large number of companies are entering the pharmaceutical cold chain packaging from adjacent industries from various angles. | Positive |
| 2 | Increasingly complex drug product biology with the evolution of pharmaceuticals has more high-value active ingredients that have stricter temperature requirements. This has accelerated the demand for temperature controlled environments throughout the supply chain. | Positive |
| 3 | The globalization of clinical trials and post-trial distribution is a result of significant market opportunities for drug development. The pharmaceutical companies that demonstrate excellent packaging solutions across a range of temperatures and that offer end-to-end distribution are highly positioned as partners in the distribution of drug trials and post trials across the supply chain. | Positive |
The report also provides an in-depth analysis of recent news developments and investments
Company Profiles and Competitive Intelligence Covered in Temperature Controlled Services For Healthcare Market Report are:
The key players operating in the market are:
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