The Infinium Global Research analyzes the Vaccine Transport and Logistics Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global vaccine transport and logistics market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of vaccine transport and logistics. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the vaccine transport and logistics market during the period. The global vaccine transport and logistics market is projected to grow at a CAGR of 8.06% over the forecast period of 2020-2026.
"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026."
The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/24954
Transporting vaccine is a critical part of vaccine supply chain, as vaccines are delicate and require sophisticated storage system. The growingdemand for supplying the vaccine to the masses without losing its efficacy has augmented the demand for vaccine transport and logistics. Immunization has saved lives of millions by protecting them from a variety of diseases. Many government and private organizations have undertaken immunization programs across different countries around the world. Vaccines are transported to the healthcare facilities that are running the immunization programs.
Moreover, the growing amount of research activities been carried out for development of novel vaccines is further propelling the sale of vaccine transport and logisticsover the coming years. The vaccine research process includes trials and testing, for which the vaccines are required to be transported to the healthcare facilities.
Coronavirus to Support Vaccine Transport and Logistics in Short-Term and is Anticipated to Boost the Immunization Programs in the Long-Term
The coronavirus outbreak has increased the research and development activities for finding vaccine to cure and prevent the disease from spreading. Many of governments, as well as private organizations, are involved in the studies to search and develop vaccine for COVID19. The virus has infected millions of people across the world and the number is expected to grow in future.
Thus, the huge demand for vaccine is expected to exert pressure on manufacturers as well as healthcare professionals for delivering it to the masses. To fulfil this demand, manufacturers have to increase their production capacity in order to produce large amount of vaccine in limited period of time. Along with mass production, transporting and logistics of vaccine has evolved as a major challenge for the industry. Several logistics companies are upgrading their services to offer vaccine transportation. The countries affected by the pandemic are planning for nationwide immunization programs.
The healthcare facilities across the countries are expected to be supplied with the vaccine when it is available. The manufacturers and distributors are set to ship the vaccine to different places through logistics. This, in turn, is expected to augment the growth of the market during pandemic.
Need Assistance? Send an Enquiry@ https://www.infiniumglobalresearch.com/reports/customization/24954
Pharmaceutical Manufacturers & Distributors are Expected to Adopt Vaccine Transport Containers at Higher Rate due to Increasing Demand for Safe Transportation of the Vaccines
Pharmaceutical manufacturers & distributors play a key role in the vaccine supply chain. Most of the time, the manufacturers and distributors are majorly responsible for the safe and secure transportation of the vaccine to the hospitals and other healthcare facilities. The manufacturers supply batches of produced vaccines to the hospitals.
Similarly, the distributors procure the vaccines from manufacturers and supply them to the end-users such as hospitals, clinics and other healthcare facilities. To supply the vaccines safely, without disturbing its efficacy, is the major challenge for the manufacturers and distributors. To do so, they rely on transportation and logistics services, which help in maintains the efficacy of vaccines.
Moreover, the vaccine manufacturers and distributors collaborate with the government and private healthcare organizations to supply them with vaccines. This, in turn, is expected to boost the adoption of vaccine transport and logistics for pharmaceutical manufacturers & distributors.
Vaccine Transport and Logistics Vendors are Expanding Their Warehousing and Transportation Capacities to Meet the Demand for Covid19 Vaccine
The vaccine transport and logistics industry is highly fragmented and consists of a large number of multinational as well as local market players. The leading companies in the vaccine transport and logistics industry including agility Public Warehousing, Deutsche Post, FedEx, JWD InfoLogistics, KUEHNE + NAGEL, United Parcel Service and few others hold a significant share in the market. Moreover, the government initiatives to promote vaccination through various immunization programs are augmenting the competitiveness in the market.
For instance, the Universal Immunization Programme (UIP) by the government of India is one of the largest public health programs targeting nearly 26.7 million newborns and 29 million pregnant women annually. The program has successfully reduced the vaccine-preventable under-5 mortality rate. Furthermore, the market players are building up their transportation and warehousing capabilities to cope with the higher demand for the COVID19 vaccine.
For instance, UPS is building two freezer farms in Louisville, Kentucky and in Venlo, Netherlands to store millions of vials of a vaccine at lower temperatures. Similarly, FedEx Corp. has added 10 freezer facilities and is planning to add more over next year. The company has the air cargo capacity to transport large amounts of vaccines and other pharmaceuticals.
North America Region is Expected to Have the Largest Revenue in the Global Vaccine Transport And Logistics Market
As per the geographic trends, North America region is expected to have the largest revenue in the global vaccine transport and logistics market. Asia Pacific vaccine transport and logistics market is dominated by the Vaccine transport and logistics market due to the increasing efforts by the governments of developing countries to eradicate various diseases through immunization. North America is growing with healthy CAGR in the global market is mainly due to the government initiatives to promote immunization are majorly driving the market growth in the region. The governments and private organizations are investing heavily in the research and development of novel vaccines. This, in turn, is expected to boost the market growth for vaccine transport and logistics in the region. Furthermore, the presence of many leading market players in North America is driving the growth of the vaccine transport and logistics market in the region.
Browse Complete Report@ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-vaccine-transport-and-logistics-market
About Us
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide the knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations and environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
No comments:
Post a Comment