Medical Transport Boxes Market Size, Share & Trends Analysis Report By Material (Plastic, Stainless Steel), By Cooling Technology (Passive, Active), By Application, By End-user, By Region, And Segment Forecasts, 2023 - 2030
Medical Transport Boxes Market Size, Share & Trends Analysis Report By Material (Plastic, Stainless Steel), By Cooling Technology (Passive, Active), By Application, By End-user, By Region, And Segment Forecasts, 2023 - 2030
Medical Transport Boxes Market Growth & Trends
The global medical transport boxes market size is expected to reach USD 1.06 billion by 2030 expanding at a CAGR of 7.10%, based on a new report by Grand View Research, Inc. This growth can be attributed to the increasing incidence of chronic disorders leading to organ transplantation. According to the National Center for Biological Information (NCBI ), approximately 162,428 people were estimated to be living with cystic fibrosis (CF) across 94 countries worldwide in 2022.
Furthermore, medical transport boxes play an important role in transporting donated organs from donation centers to hospitals. According to preliminary data from United Network for Organ Sharing (UNOS ), in the U.S. approximately 42,887 organ transplant surgeries were performed in 2022, slightly higher than that in 2021. Of these total organ transplant surgeries, liver, lung, and heart transplants accounted for 9,528, 2,692, and 4,111, respectively. Thus, an increasing number of organ transplant surgeries is expected to boost the market during the forecast period.
Moreover, major players are acquiring smaller companies to strengthen their market positions. This strategy enables major companies to increase their capabilities, expand product portfolios, and improve competencies. For instance, in October 2022 , Azenta completed the acquisition of B Medical System, a provider of temperature-controlled transportation and storage solutions. This acquisition will expand Azenta’s comprehensive cold chain portfolio, thereby driving its market growth.
Medical Transport Boxes Market Report Highlights
In 2022, the plastic segment dominated the market with a share of 79.9%. This dominance can be attributed to the growing use of plastic in designing and developing new medical transport boxes
In 2022, the passive segment dominated with a market share of 82.40%. This can be attributed to the increased launch and adoption of passive cooling medical transport boxes by various healthcare organizations for vaccine campaigns
In 2022, the blood and its components segment dominated the market with a revenue share of 33.31%. This can be attributed to the growing use of medical transport boxes for the collection, storage, and transportation of RBCs, WBCs, platelets, and plasma
In 2022, the hospital & clinics segment dominated the market for medical transport boxes with a revenue share of 36.19%. The increasing number of hospitals & clinics is projected to propel the demand for boxes used in storing biological specimens and liquid samples
The North America region held the largest market share of 31.42% in 2022. Technological advancements in cold chain technology and high investment by the government have supported its adoption. Cold chain logistics are expected to drive the demand in the regional market
The presence of many key players such as B Medical System; Thermo Fisher Scientific Inc.; and Haier Biomedical . Market players adopt this strategy to increase the reach of their products in the market and to improve their availability in diverse geographic areas
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Chapter 1 Methodology and Scope
1.1 Market segmentation and scope
1.2 Market definition
1.3 Research process
1.3.1 Information procurement
1.3.1.1 Purchased database
1.3.1.2 GVR’s internal database
1.3.2 Primary research:
1.4 Research methodology
1.4.1 Approaches implemented
1.4.2 Estimation & forecast of year-on-year growth rate
1.5 Region-based segment share calculation
1.6 Research scope and assumptions
1.7 List of secondary sources
1.8 List of primary sources
Chapter 2 Executive Summary
2.1 Market outlook
2.2 Segment outlook
2.3 Competitive insights
Chapter 3 Market Variables, Trends, and Scope
3.1 Penetration & growth prospect mapping
3.2 Market dynamics
3.2.1 Market driver analysis
3.2.1.1 Increased incidence of chronic disorder
3.2.1.2 Surge in adoption of medical transport boxes owing to its advantages and awareness
3.2.1.3 Increasing investment in cold chain infrastructure
3.2.1.4 Technological advancements
3.2.2 Market restraint analysis
3.2.2.1 Poor reimbursement scenario
3.2.2.2 High cost of medical transport boxes
3.2.3 Market opportunities analysis
3.2.3.1 Ongoing COVID-19 pandemic drives demand for medical transport boxes
3.2.4 Market challenge analysis
3.2.4.1 Stringency of regulatory procedures
3.3 Medical transport boxes industry analysis - Porter’s
3.3.1 Bargaining power of suppliers
3.3.2 Bargaining power of the buyers
3.3.3 Threat of substitution
3.3.4 Threats of new entrants
3.3.5 Competitive rivalry
3.4 Medical transport boxes industry analysis - PESTEL
3.4.1 Political and legal landscape
3.4.2 Economic and social landscape
3.4.3 Environment and technology landscape
Chapter 4 Medical Transport Boxes Market: Material Estimates & Trend Analysis 2018 - 2030 (Revenue, USD Million)
4.1 Medical transport boxes market: Material movement analysis, 2022 & 2030 (USD Million)