Cold Chain Market Seeing Investment Cycle Up ; a Trend that may Continue Long-Term at a CAGR of 11.8%
iCrowd Newswire
The global Cold Chain market was valued at
232110 million in 2020 and is projected to reach US$ 362250 million by 2027, at a
CAGR of 11.8% during the forecast period.
Cold chain refers to the temperature controlled supply chain, especially for temperature-sensitive products. Cold chain is extremely important for maintaining consistent temperature of temperature sensitive products and vaccines. The process begins from manufacturing via delivery to the healthcare facilities. During the entire process, the stakeholders at every stop with chain must essentially monitor and rightly maintain the vaccine s temperature (original) range, which should ideally be between 2 degree Celsius and 8 degree Celsius. The impact of failed temperature checking at the pre-decided stops may lead to harm to the vaccines which may not be suitable for giving to patients. Hence, temper