Business trends in pharma cold chain

Pharmaceutical Commerce has been analysing trends in cold chain logistics for the life sciences industry for the past nine years. Its 2018 report finds that the global market for cold chain logistics services now tops $15 billion, and is currently growing at a 12.7% rate. Drivers for this include continued growth in commercialization of high-value biologics, along with healthy demand in the developing world for diabetes products (insulin and related materials) and vaccines. A highly competitive market is evolving for both logistics services and for packaging and instrumentation for managing cold chain shipments.