Healthcare Cold Chain Monitoring Market Growth, Size, Trends, Revenue, Share and Future Scope
Healthcare Cold Chain Monitoring Market Size- By Component, By Software, By Temperature Type, By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: AMIN2348 | Pages: 1 - 220 | Formats*: |
| Category : Automotive & Transportation | |||
Healthcare Cold Chain Monitoring Market Introduction and Overview
According to SPER Market Research, the Global Healthcare Cold Chain Monitoring Market is estimated to reach USD 26.09 billion by 2032 with a CAGR of 16.86%.
The report includes an in-depth analysis of the Global Healthcare Cold Chain Monitoring Market, including market size and trends, product mix, distribution channels, and supplier analysis. Healthcare cold chain monitoring refers to the process of tracking and ensuring the proper storage, handling, and transportation of temperature-sensitive pharmaceuticals, vaccines, and other medical products. It involves the use of temperature sensors, data loggers, and real-time monitoring systems to maintain the required temperature conditions throughout the supply chain, preventing product degradation, ensuring quality and safety, and minimizing the risk to patient health.
- March 2023: Advantus Health Partners, a healthcare solutions firm that helps healthcare companies improve their supply chain models, and GE HealthCare, one of the world's major providers of medical equipment maintenance services, announced a 10-year agreement for GE HealthCare's Healthcare Technology Management (HTM) services to Advantus Health Partners' clients.
- Cold chain logistics services assist the pharmaceutical and healthcare industries in maintaining a steady supply of medications from suppliers and distributors located in multiple (often worldwide) locations. The cold pharmaceutical chain is an important link in the healthcare supply chain. Cold chain logistics supports the healthcare industry since drugs are continually accessible from suppliers and distributors globally.
-00942589082023.jpg)
Market Opportunities and Challenges
One of the most important market opportunities in the global healthcare cold chain monitoring market is the increasing demand for temperature-sensitive pharmaceutical products and vaccines. Cold chain monitoring plays a crucial role in maintaining the integrity and efficacy of these products throughout the supply chain. With the rise in the prevalence of chronic diseases and the introduction of new biologics and specialty drugs to maintain the quality and safety of these items, there is an increasing demand for effective cold chain monitoring systems.. This presents a significant market opportunity for companies offering advanced monitoring technologies, such as temperature sensors, data loggers, and real-time monitoring systems.
However, along with the market opportunity, the global healthcare cold chain monitoring market also faces several challenges. One of the primary challenges is the complexity of the cold chain logistics network. The healthcare cold chain involves multiple stakeholders, including manufacturers, distributors, storage facilities, and transportation providers. Coordinating the movement of temperature-sensitive products across different locations while maintaining the required temperature conditions can be challenging. Any disruption or deviation from the recommended temperature range can lead to product degradation or even complete loss, compromising patient safety and increasing healthcare costs.
Market Competitive Landscape
There. Some of these key players in the global Healthcare Cold Chain Monitoring market include Emerson Electric Co, Carrier, Monnit Corporation, Berlinger & Co. AG, Testo SE & Co. KGAA, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Component, By Software, By Temperature Type, By Product, By End User |
| Regions covered | Asia-Pacific, Middle East and Africa, North America, Europe, Latin America |
| Companies Covered | Testo SE & Co. KGAA, Carrier, Monnit Corporation, Berlinger & Co. AG, Emerson Electric Co, Others |
COVID-19 Impact on Global Healthcare Cold Chain Monitoring Market
The COVID-19 pandemic has led to a surge in the demand for cold chain infrastructure and monitoring solutions due to the global distribution of vaccines, particularly mRNA-based ones. Countries have invested in expanding their cold chain infrastructure to meet vaccine distribution requirements, increasing the need for monitoring systems. The pandemic has also emphasized the importance of resilient supply chains, driving the adoption of cold chain monitoring solutions to ensure the quality and safety of temperature-sensitive shipments. Additionally, remote monitoring technologies have gained traction, allowing real-time monitoring of temperature-controlled shipments through wireless sensors and cloud-based platforms.
Key Target Audience:
- Biotechnology Companies
- Cold Chain Solution Providers
- Distributors and Logistics Providers
- Government Agencies and Non-Profit Organizations
- Healthcare Providers
- Pharmaceutical Companies
- Regulatory Authorities
- Research Institutions and Laboratories
Our in-depth analysis of the Healthcare Cold Chain Monitoring Market includes the following segments:
| By Component: |
|
| By Software: |
|
| By Temperature: |
|
| By Product: |
|
| By End User: |
|
Key Topics Covered in the Report:
- Global Healthcare Cold Chain Monitoring Market Size (FY’2022-FY’2032)
- Outline of Global Healthcare Cold Chain Monitoring Market
- Segmentation of Global Healthcare Cold Chain Monitoring Market By Component (Resistance Temperature Detectors, Data Loggers, RFID Devices, Real-Time Monitoring Devices, Sensors, Hardware)
- Segmentation of Global Healthcare Cold Chain Monitoring Market By Software (Cloud Based, On-Premises)
- Segmentation of Global Healthcare Cold Chain Monitoring Market By Temperature (Frozen, Chilled)
- Segmentation of Global Healthcare Cold Chain Monitoring Market By Product (Biopharmaceuticals, Clinical Trial Materials, Vaccines)
- Segmentation of Global Healthcare Cold Chain Monitoring Market By End User (Research Institute, Biopharmaceutical Companies, Hospitals & Clinics)
- Statistical Snap of Global Healthcare Cold Chain Monitoring Market
- Expansion Analysis of Global Healthcare Cold Chain Monitoring Market
- Problems and Obstacles in Global Healthcare Cold Chain Monitoring Market
- Competitive View of the Global Healthcare Cold Chain Monitoring Market
- Effects of COVID-19 and Demonetization on Global Healthcare Cold Chain Monitoring Market
- Details on Current Investment in Global Healthcare Cold Chain Monitoring Market
- Competitive Analysis of Global Healthcare Cold Chain Monitoring Market
- Key Market Players in the Global Healthcare Cold Chain Monitoring Market
- SWOT Analysis of Global Healthcare Cold Chain Monitoring Market
- Global Healthcare Cold Chain Monitoring Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Healthcare Cold Chain Monitoring Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Healthcare Cold Chain Monitoring Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Healthcare Cold Chain Monitoring Market
7. Global Healthcare Cold Chain Monitoring Market, By Component 2019-2032 (USD Million)
7.1 Data Loggers7.2 Hardware7.3 Real-Time Monitoring Devices7.4 Resistance Temperature Detectors7.5 RFID Devices7.6 Sensors
8. Global Healthcare Cold Chain Monitoring Market, By Software 2019-2032 (USD Million)
8.1 Cloud Based and On-Premises
9. Global Healthcare Cold Chain Monitoring Market, By Temperature, 2019-2032 (USD Million)
9.1 Frozen and Chilled
10. Global Healthcare Cold Chain Monitoring Market, By Product, 2019-2032 (USD Million)
10.1 Biopharmaceuticals10.2 Clinical Trial Materials10.3 Vaccines
11. Global Healthcare Cold Chain Monitoring Market, By End User, 2019-2032 (USD Million)
11.1 Biopharmaceutical Companies11.2 Hospitals & Clinics11.3 Research Institute
12. Global Healthcare Cold Chain Monitoring Market, By Region, 2019-2032 (USD Million)
12.1 Global Healthcare Cold Chain Monitoring Market Size and Market Share by Region (2019-2025)12.2 Global Healthcare Cold Chain Monitoring Market Size and Market Share by Region (2026-2032)12.3 Asia-Pacific
12.3.1 Australia12.3.2 China12.3.3 India12.3.4 Japan12.3.5 South Korea12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1 France12.4.2 Germany12.4.3 Italy12.4.4 Spain12.4.5 United Kingdom12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia12.5.2 United Arab Emirates12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada12.6.2 Mexico12.6.3 United States
12.7 Latin America
12.7.1 Argentina12.7.2 Brazil12.7.3 Rest of Latin America
13. Company Profiles
13.1 Carrier
13.1.1 Company details13.1.2 Financial outlook13.1.3 Product summary13.1.4 Recent developments
13.2 Monnit Corporation
13.2.1 Company details13.2.2 Financial outlook13.2.3 Product summary13.2.4 Recent developments
13.3 Berlinger & Co. AG
13.3.1 Company details13.3.2 Financial outlook13.3.3 Product summary13.3.4 Recent developments
13.4 Emerson Electric Co.
13.4.1 Company details13.4.2 Financial outlook13.4.3 Product summary13.4.4 Recent developments
13.5 Testo SE & Co. KGAA
13.5.1 Company details13.5.2 Financial outlook13.5.3 Product summary13.5.4 Recent developments
13.6 Others
13.6.1 Company details13.6.2 Financial outlook13.6.3 Product summary13.6.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Healthcare Cold Chain Monitoring Market CAGR of 16.86% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Healthcare Cold Chain Monitoring Market size is USD 26.09 billion from 2022 to 2032.
Healthcare Cold Chain Monitoring Market Segment is covered By Type, By Platform, By End User.
The North America region is anticipated to have the highest market share in the Healthcare Cold Chain Monitoring Market.
The key players in the market include Companies Covered Carrier, Monnit Corporation, Berlinger & Co. AG, Emerson Electric Co, Testo SE & Co. KGAA, Others.
The vaccines require strict temperature control, and the cold chain monitoring system ensures that the vaccines remain within their required temperature ranges from production to administration.
Healthcare Cold Chain Monitoring Market is projected to reach USD 26.09 billion by 2032, growing at a CAGR of 16.86% during the forecast period.
Healthcare Cold Chain Monitoring Market grew in market size from 2021. The Market is expected to reach USD 26.09 billion by 2032, at a CAGR of 16.86% during the forecast period.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
