2020 Biopharma Cold Chain Sourcebook forecasts a $17.2-billion logistics market
The 11th edition of the Biopharma Cold Chain Sourcebook has been published by Pharmaceutical Commerce. The annual edition forecasts an overall market for cold chain services (packaging, transportation and data services) of $17.2 billion in 2020, up from 2019’s $15.7 billion. By 2024, the out year of the 11th edition forecast, these services will be a $21.3 billion market globally.
The Sourcebook’s analysis of cold chain trends is based on a close review of the medication labels of current and newly launched pharma products, separating those requiring (generally) 2-8°C storage and shipping, from those that are room temperature. In 2020, the former will constitute $341 billion worth of products, and will show 48% growth between 2018 and 2024. Non-cold-chain products are currently $959 billion, rising by 27% in value by 2024 (Fig. 1). By comparison, the relative numbers for growth through 2023 published in the 2019 edition were 59% and 25%, respectively—thus, the 2X (or more) growth of past years.Source: Pharmaceutical Commerce
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