Cold Chain Temperature Monitoring Market Growth Analysis, Demand, Trends and Developments Forecast to 2032

[SidAvasthi]

A detailed analysis of the Global Cold Chain Temperature Monitoring Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Cold Chain Temperature Monitoring Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.

The global Cold Chain temperature monitoring market size was USD 5.85 Billion in 2022 and is expected to reach USD 24.03 Billion in 2032, and register a rapid revenue CAGR of 17 % during the forecast period. Rising demand for temperature-sensitive products across numerous end-use sectors, including pharmaceuticals, F&B, and healthcare, is  and effective Temperature Monitoring Systems in cold chain logistics is a key factor driving market revenue growth. 

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Market Overview:

In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Key Players covered in this report are

• Zebra Technologies Corporation
• Sensitech, Inc.
• DeltaTrak, Inc.
• Berlinger & Co. AG
• Cold Chain Technologies
• Infratab Inc.
• PakSense
• ORBCOMM
• Sensitech
• Elpro-Buchs AG

Based on Component market is segmented into:

• Hardware
• Software
• Services

Based on Application market is segmented into:

• Pharmaceuticals & Healthcare
• Food & Beverages
• Chemicals
• Others

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Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Strategic Development:

• In 2021, Sensitech announced its collaboration with BlueVoyant, a cybersecurity services provider, to enhance its cybersecurity capabilities and offer its customers end-to-end security solutions for their supply chain operations.
• In 2020, Zebra Technologies Corporation acquired Reflexis Systems Inc., a leading provider of intelligent workforce management, execution, and communication solutions for retailers, to expand its presence in the retail sector and strengthen its product portfolio.
• In 2020, Berlinger & Co. AG introduced its new generation of temperature monitoring products, Berlinger NFC technology, which uses Near Field Communication (NFC) to provide real-time monitoring of temperature-sensitive goods during transport and storage.
• In 2019, DeltaTrak, Inc. introduced its new FlashLink RTL Prime 3G In-Transit Logger, which uses 3G cellular communication to transmit real-time temperature and location data during the transportation of temperature-sensitive products.
• In 2018, Cold Chain Technologies announced the acquisition of NanoCool, a leading provider of thermal packaging solutions, to expand its product offerings in the temperature-controlled packaging market.

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