According to the latest report by IMARC Group, titled "North America Healthcare Cold Chain Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the North America healthcare cold chain logistics market reached a value of US$ 3.4 Billion in 2019. Looking forward, IMARC Group expects the North America healthcare cold chain logistics market to exhibit moderate growth during 2020-2025. Healthcare cold chain logistics refers to the temperature-controlled environment that helps in proper storage and surface transportation of healthcare products. It includes control system technology and temperature sensors that cater to the manufacturing process and the distribution of the materials. Cold chains logistics systems preserve, extend, and ensure the shelf life of various temperature-sensitive products, including vaccines, biopharmaceuticals, and supplies for clinical trials, such as medications and blood and tissue samples. It also aims to reduce transport bottlenecks during peak periods, avoid overcapacity, and maintain the quality of products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The North America healthcare cold chain logistics market is primarily driven by the growing sales of temperature-sensitive healthcare products. Cold chain logistics increases the efficacy of the drugs throughout the supply chain. The rising occurrences of chronic and lifestyle diseases have also escalated the demand for drugs in healthcare organizations. Furthermore, with the continual technological advancements, the developed healthcare sector across the region is increasingly adopting automation within the cold chain logistics operations, which helps to eliminate the scope of human handling errors in the cold chain. Moreover, the rising awareness among consumers about the healthcare cold chain products is also expected to fuel the market growth in the upcoming years.
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Key Market Segmentation:
Breakup by Product:
- Biopharmaceuticals
- Vaccines
- Clinical Trials
Breakup by Segment:
- Transportation
- Packaging
- Instrumentation
Competitive Landscape with key players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.