Dublin, April 30, 2024 (GLOBE NEWSWIRE) -- The "Cell & Gene Therapy Cold Chain Logistics Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The Global Cell & Gene Therapy Cold Chain Logistics Market is expected to experience significant growth, with a projected CAGR of 14.11% through 2029, commencing from a valuation of USD 1.68 billion in 2023. This industry's advancement is predominantly driven by the burgeoning demand for personalized medicine and cutting-edge progressions in biotechnology. The increasing prevalence of cell and gene therapy applications in treating a manifold of diseases necessitates the augmented need for meticulous cold chain logistics to ensure the preservation of these therapies’ efficacy and safety.
The accelerating growth can be attributed to several market drivers, including the escalated demand for personalized medicine and the surge of technological advancements in biotechnology. As regulatory approvals proliferate and the healthcare infrastructure continues to expand, especially in emerging economies, the cold chain logistics market for cell and gene therapies is anticipated to broaden considerably. These factors, along with the need for stringent temperature control and comprehensive supply chain management, outline the key areas contributing to the market's expansion.
Despite vigorous growth, the market confronts challenges in maintaining stringent temperature control and navigating complex and fragmented supply chains. Overcoming these hurdles is pivotal to preserving the integrity of these highly sensitive biological materials. Furthermore, current trends indicate an increase in collaborations and partnerships within the market, as well as a patient-centric approach that demand logistical excellence in delivering personalized therapies.
Segmental Insights
Intricate component analysis reveals that cryogenic shippers currently dominate the market, attributable to their critical role in sustaining ultra-low temperatures required for cell and gene therapy products. With transportation services being crucial for efficient logistics, it remains a dominant force in the services offered segment.
Regional Developments
Regionally, North America, particularly the United States, is spearheading the global market, attributed to its leadership in innovation and comprehensive regulatory frameworks. The region’s robust infrastructure and adherence to top-notch distribution practices stand as the cornerstone for its dominance in the cell gene therapy cold chain logistics market.
Competitive Landscape
The competitive landscape sees key players involved in the cell and gene therapy cold chain logistics market assertively working on expanding their global footprint and augmenting their capabilities to cater to the increasing market demands.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2023-2029 |
| Estimated Market Value (USD) in 2023 | $1.68 Billion |
| Forecasted Market Value (USD) by 2029 | $3.71 Billion |
| Compound Annual Growth Rate | 14.1% |
| Regions Covered | Global |
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