Global Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The transport of temperature sensitive products is known as temperature controlled delivery. Many specialty medications and medical tests must be maintained within a specific temperature range during shipment. To keep those items at the manufactured recommended temperature, they require special handling and storage during transport from shipper to recipient. Medical temperature controlled delivery specializes in the storage, preservation and transportation of cargo that is sensitive to atmospheric conditions and needs to maintain a certain temperature. This is imperative for many pharmaceutical products, as spoiled drugs can have serious consequences on the health and wellbeing. Elevated temperatures or sub-zero temperature can affect the chemical stability of the medicine and may even alter its physical properties. This can come in the form of sedimentation and separation of emulsion systems. These products require forms of packaging, modes of transport and traceability up to the value. Thus, measures must be taken in order to ensure that the products are transported under ideal conditions and maintained at the correct temperature throughout the journey. Traceability of temperatures is one of the appropriate responses to the secure transportation of medicines under controlled temperature conditions. This report studies location traceable medical temperature controlled delivery with temperature monitors.

Market Overview:

The latest research study on the global Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) market finds that the global Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) market reached a value of USD 8239.69 million in 2022. It’s expected that the market will achieve USD 14518.96 million by 2028, exhibiting a CAGR of 9.9% during the forecast period.

Influence of COVID-19 Outbreak on Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) Industry Development

The ongoing demand for location traceable medical temperature controlled delivery has increased for the distribution of COVID-19 vaccines across the globe as the spread of the pandemic has been huge and at an alarming rate. The global market companies have developed their medical temperature controlled delivery system for shipping vaccines, test kits, and other critical medicines that are imperative for meeting the requirements of the patients who have tested positive for the pandemic infection. The demand for location traceable medical temperature controlled delivery increased for the distribution of COVID-19 vaccines across the globe. COVID-19 accelerated trends in the location traceable medical temperature controlled delivery market.

Drivers

The market is primarily driven by the significant development of the pharmaceutical industry. Medical temperature controlled delivery systems have evolved with temperature standards to accommodate temperature-sensitive products. The process includes insulated boxes with dry ice or gel packs, rolling containers, liquid nitrogen, and reefers that are used along with a powered refrigeration unit. Besides this, various disease outbreaks have increased the demand for biopharmaceuticals, vaccines, and clinical trial materials, that require temperature controlled delivery systems. Due to this, governments across various countries are implementing stricter regulations for the efficient handling of temperature-sensitive pharma products, resulting in the setup of temperature controlled delivery solutions worldwide. Furthermore, several technological innovations and the growing number of acquisitions among key players are positively influencing the market growth.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

United Parcel Service of America, Inc. is one of the major players operating in the Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) market, holding a share of 6.72% in 2022.

United Parcel Service (UPS, stylized as ups) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown to become a Fortune 500 company and one of the world's largest shipping couriers.

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. The company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand.

Segmentation Overview:

Among different product types, Airways segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pharmacy/Medicine segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) market covered in Chapter 3:

World Courier
Deutsche Post AG (DHL)
American Airlines Cargo
Lynden Incorporated
DSV
CEVA Logistics
Cargo Partner
FedEx Corporation Services, Inc.
DB Schenker
United Cargo
United Parcel Service of America, Inc.
SF International
XPO Logistics
Cavalier Logistics, Inc.
Kuehne + Nagel International AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) market from 2018 to 2029 is primarily split into:

Railways
Airways
Roadways
Waterways

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Location Traceable Medical Temperature Controlled Delivery (with Temperature Monitors) market from 2018 to 2029 covers:

Pharmacy/Medicine
Vaccines
Organs
Laboratory Samples
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)