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Healthcare Cold Chain Logistics Market Trends

  • Report ID: GMI10718
  • Published Date: Aug 2024
  • Report Format: PDF

Healthcare Cold Chain Logistics Market Trends

The integration of IoT and blockchain technologies is transforming logistics for temperature-sensitive products. IoT devices provide real-time monitoring and data collection, while blockchain ensures secure and transparent tracking of product journeys. This combination enhances traceability, reduces risks of temperature deviations, and improves overall efficiency in managing complex supply chains for critical healthcare products.
 

Furthermore, the clinical trial supply chain is increasingly adopting advanced logistics solutions to enhance efficiency and reliability. Such innovations such as real-time tracking, automated inventory management, and temperature-controlled shipping are being integrated to ensure the timely and secure delivery of trial materials. These advancements are crucial for maintaining the integrity of clinical trials and ensuring compliance with regulatory standards. For instance, in February 2024, FedEx Express launched the Life Science Center (LSC) in India. This facility caters to the clinical trial storage and logistics requirements of healthcare clients, serving both domestic needs and international shipments to India.
 

Moreover, companies are increasingly leveraging data analytics and predictive modeling to optimize the clinical trial supply chain. By scrutinizing historical data and anticipating future demand, these companies can more effectively manage inventory, minimize waste, and refine distribution processes. Such strategies bolster the accuracy of supply chain operations, guaranteeing that clinical trials proceed seamlessly and efficiently, with few interruptions.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The healthcare cold chain logistics market was valued at USD 55 billion in 2023 and is estimated to register over 9% CAGR between 2024 and 2032 owing to the rising global demand for biologics and vaccines.

The biopharmaceuticals segment in the market held over 44% share in 2023, driven by the adoption of advanced temperature-controlled logistics solutions.

North America healthcare cold chain logistics industry held 34% share in 2023, as there is a significant push towards enhancing cold chain infrastructure through digitalization and automation.

DHL International GmbH, FedEx Corporation, United Parcel Service, Inc., Kuehne + Nagel International AG, DB Schenker, CEVA Logistics, and DSV.

Healthcare Cold Chain Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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