SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Healthcare Cold Chain Logistics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 9; Released: April 2021 Executive Pool: 1104 Companies: 44 - Players covered include American Airlines, Inc.; AmerisourceBergen Corporation; Cavalier Logistics; Continental Carbon Company; DB Schenker; DHL International GmbH; FedEx Corporation; Kuehne + Nagel International AG; Marken Ltd. and Others. Coverage: All major geographies and key segments Segments: End-use Industry (Transportation, Packaging, Instrumentation); Product (Vaccines, Clinical Trial Materials, Biopharmaceuticals) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific ( Australia; India; South Korea; and Rest of Asia-Pacific); Latin America ( Argentina; Brazil; Mexico; and Rest of Latin America); Middle East ( Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Healthcare Cold Chain Logistics Market to Reach $17.4 Billion by 2026Amid the COVID-19 crisis, the global market for Healthcare Cold Chain Logistics estimated at US$11.3 Billion in the year 2020, is projected to reach a revised size of US$17.4 Billion by 2026, growing at a CAGR of 7.3% over the analysis period. Vaccines, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$7.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Clinical Trial Materials segment is readjusted to a revised 7.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.3 Billion in 2021, While China is Forecast to Reach $3.7 Billion by 2026The Healthcare Cold Chain Logistics market in the U.S. is estimated at US$3.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2026 trailing a CAGR of 11% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
Biopharmaceuticals Segment to Reach US$5.2 Billion by the year 2026In the global Biopharmaceuticals segment, USA, Canada, Japan, China and Europe will drive the 7.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.