Medical Cold Storage Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

Medical Cold Storage Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global medical cold storage market provides qualitative and quantitative analysis for the period from 2021-2030. The revenue generated by the market was USD 135.1 billion in 2022 and is expected treach USD 385.4 billion in 2030, with a CAGR of 12.2% in the forecasted period 2023-2030. The study on medical cold storage market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The medical cold storage market is expected tgrow due tthe rising production and consumption of pharmaceutical products. The continuously increasing population is the reason behind the increasing consumption of different types of drugs, which helps texpand the medical cold storage market. Moreover, the global pharmaceutical industry's extensive involvement in exports has led tan escalating demand for medical storage solutions. As numerous countries actively participate in the pharmaceutical trade and supply medicines and healthcare products tinternational markets, the need for efficient and reliable cold storage facilities becomes paramount. These facilities play a crucial role in ensuring the preservation of pharmaceutical products' quality and efficacy during transportation and storage, especially for temperature-sensitive medications, vaccines, and biologics. Additionally, logistic companies involved in the supply chain of pharmaceutical products require cold storage facilities tmaintain product quality. Thus, the diverse needs of pharmaceutical manufacturers, exporters, and logistics partners, are contributing tthe sustained growth of the medical cold storage market during the projected period.

Pharma-grade freezers play a crucial role in optimizing the distribution chain by enhancing fluidity. These freezers significantly reduce the cooling time of eutectic and Phase Change Materials (PCMs), leading timprove drug shelf life and increased potential for reusability. Moreover, standard freezers are employed in laboratories tstore biochemical reagents and samples that require stable, colder temperatures. In lab settings, you can find refrigerator/freezer combos that accommodate short-term storage of frequently used samples, such as peptides, antibodies, DNA, RNA, and tissues suspended in appropriate stabilizing solutions before freezing. Moreover, the increasing demand for sample collection caused by a rising number of patients and the growth of research and development (R&D) activities are providing growth opportunities for the segment during the projected period.

Asia Pacific generated a significant share of revenue in the medical cold storage market in 2021. The Asia Pacific region is poised for substantial growth in the medical cold storage market, primarily attributed tits robust production and consumption of pharmaceutical products. In addition, the government's proactive measures tconsolidate the pharmaceutical industry, particularly for smaller companies struggling tmeet regulatory standards due tfinancial constraints, further contribute tthe region's pharmaceutical growth. Notably, pharmaceutical companies gbeyond the production of generic therapeutic medicines and exhibit remarkable capabilities in producing substantial quantities of Active Pharmaceutical Ingredients (APIs). As a result, the demand for efficient cold storage facilities has surged taccommodate the storage and distribution needs of these medications. The increasing requirement for medical cold storage solutions in the region is highly contributing tthe expansion of the medical cold storage market during the projected period.

Report Findings

1) Drivers

The medical cold storage market is primarily driven by the rising expansion of the pharmaceutical industry.

The rising adoption of medical cold storage facilities by pharmaceutical manufacturers, or medical establishments propels the market growth.

2) Restraints

High installation costs and high-energy consumption by cold storage facilities may hamper the growth of the medical cold storage market.

3) Opportunities

Inventive developments provide new growth opportunities tthe medical cold storage market.

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with Infinium Global Research

2. Internal and External subject matter experts

3. Professionals and participants from the industry

Our primary research respondents typically include

1. Executives working with leading companies in the market under review

2. Product/brand/marketing managers

3. CXO level executives

4. Regional/zonal/ country managers

5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications

2. Government/institutional publications

3. Trade and associations journals

4. Databases such as WTO, OECD, World Bank, and among others.

5. Websites and publications by research agencies

Segment Covered

The global medical cold storage market is segmented on the basis of temperature type, and storage technique.

The Global Medical Cold Storage Market by Temperature Type

Frozen

Chilled

The Global Medical Cold Storage Market by Storage Technique

Dry Ice

Electrical Refrigeration

Gel Packs

Liquid Nitrogen

Others

Company Profiles

The companies covered in the report include

Coldman Logistics Pvt.Ltd.

Antech Scientific Co., Ltd.

Darwin Chambers

Rinac

A.P. Moller - Maersk

KPS Global

Kendall Cold Chain System Co., Ltd.

Cardinal Health

MD Logistics

UL LLC

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the medical cold storage market.

2. Complete coverage of all the segments in the medical cold storage market tanalyze the trends, developments in the global market and forecast of market size up t2030.

3. Comprehensive analysis of the companies operating in the global medical cold storage market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus tinvest, consolidate, expand and/or diversify.