The report, now available on ASDReports recognizes the following companies as the key players in the Global Cold Chain Market for Pharmaceuticals: DB Schenker, FedEx, Kuehne + Nagel and UPS
Commenting on the report, an analyst said: “Some of the key countries that contribute to the market in the MENA include the UAE, Saudi Arabia, Algeria, Egypt, and Lebanon. Cold chain logistics services for pharmaceuticals is an upcoming trend in the pharmaceuticals market in MENA. This is primarily because of improvements in healthcare infrastructure and an increase in government initiatives in the pharmaceuticals industry. Favorable economic and demographic factors are also encouraging companies to invest in cold chain solutions.”
According to the report, APAC is an emerging market in the global cold chain market for pharmaceuticals. India and China are expected to grow at a rapid rate during the forecast period. The growth in China is because of the increase in investments from the government and the rise in the number of private hospitals. In India, low labor and carrier costs are the main factors for growth.
Further, the report states that many pharmaceutical cold chain companies are facing the challenge of maintaining a constant temperature during the storage or shipment of products. This arises primarily because of insufficient warehouse cooling facilities in specific regions or countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.