Thu, 21 Oct 2021 Today's Paper

Global cold chain logistics market for pharma to grow by over US $ 9bn by 2024

31 May 2021 02:42 pm - 0     - {{hitsCtrl.values.hits}}

A A A

The global cold chain logistics market for pharmaceuticals is expected to grow by US$ 9.48 billion during 2020-2024, revealed a report launched by Technavio today.

According to the report, the increase in growth marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic, in the first half of 2021.

While it is expected for the market to accelerate at a CAGR of over 10 percent, Technavio stated that the cold chain logistics market for the pharmaceutical industry is driven by the increase in global demand for pharmaceuticals.

“The growth in demand for reefer containers from the pharmaceutical industry is anticipated to boost the growth of the Cold Chain Logistics Market for the Pharmaceuticals Industry,” it said.

Analyzing the trend in the pharmaceutical industry, Technavio highlighted that the growth in pharmaceutical sales has globally increased the volume of pharmaceuticals trade.

As several government initiatives on health insurance schemes contributed to the high growth of pharmaceutical sales, cold chain healthcare logistics services are required by the end user companies for efficient transportation of pharmaceuticals, warehousing, and distribution in large volumes.

“This will drive the growth of the global cold chain logistics market for the pharmaceutical industry through the forecast period,” it said.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


How a 19-year-old TikToker is helping bring back the Woolly Mammoth!

A young TikTok star and his friends are helping an ambitious gene editing pro

Unmasking Sri Lanka’s Pyramid Parasites

A Financial Cancer Spreading Through Sri Lanka Again...

Writing Letters to Michele Bachelet Causes Turmoil Within the TNA

The Tamil National Alliance(TNA) is currently in a state of great turmoil. Th

A state-sponsored elephant racket in the works

A controversial new gazette has been issued seeking to employ elephants for w