Cold Chain Products Market

Cold Chain Products Market for Plasma Fractionation by Type (Ultra-low temperature freezer, Plasma freezer, Temperature monitoring devices, Plasma contact shock freezer, Blood transport boxes, Ice-lined refrigerator), End User - Global Forecast to 2027

Report Code: MD 8654 May, 2023, by marketsandmarkets.com

Updated on : May 22, 2023

The global cold chain products market for plasma fractionation in terms of revenue was estimated to be worth $569 million in 2022 and is poised to reach $711 million by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The market for cold chain products is expanding because of factors like rising zoonotic disease concerns, Rising use of immunoglobulins and other plasma products in a range of therapeutic area and Increasing demand for Plasma-derived medicinal products. The cold chain products industry is anticipated to develop because of the rising demand for plasma freezers and other cold chain products and the technology adoption by advanced cold storage devices. This is also going to attract international investors to that region.

Global Cold Chain Products Market for Plasma Fractionation Trends

Cold Chain Products Market

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Cold Chain Products Market

Cold Chain Products Market for Plasma Fractionation

Driver: Rising use of immunoglobulins and other plasma products in a range of therapeutic area

Immunoglobulins (IgG), also known as immune globulin or gamma globulin plays a crucial role in the treatment of primary immunodeficiency and various other conditions. Polyvalent immunoglobulins, prepared from multiple donors, are essential for addressing immunological disorders such as primary and secondary immunodeficiencies. Additionally, high-dose immunoglobulins exhibit immune-modulating effects in neurological, hematological, and dermatological immune diseases. Hyperimmune immunoglobulins with specific antibodies are utilized for preventing or treating infections like tetanus, measles, and rabies, as well as preventing hemolytic diseases in newborns. The demand for plasma fractionation is primarily driven by the clinical utilization of immunoglobulins, which has been steadily increasing and is expected to continue growing. This growing demand for plasma therapeutics, specifically immunoglobulins, in high-income countries can lead to the production of surplus amounts of other therapeutic proteins such as albumin. Consequently, the demand for cold chain products in the plasma fractionation market is projected to rise due to the increased usage of immunoglobulins and other plasma products, requiring storage equipment throughout the manufacturing and application process.

Opportunity: Demand for Plasma Fractionation Centre

The global demand for plasma-derived products is growing at a rate of approximately 7% per year due to increasing prevalence of diseases like hemophilia, immune deficiency disorders, and alpha-I antitrypsin deficiency. The United States, European Union, and China have the highest demand for these products, driven by the high prevalence of such diseases. Other regions, such as India and Africa, also require plasma fractionation centers. India's large population and high disease prevalence contribute to its demand for plasma-derived products, although the country relies on imports due to low plasma collection rates. Similarly, Africa faces limited availability of these products due to low plasma collection rates, often hindered by infrastructure and resource challenges.

Challenge: Shortage of trained manpower & limited resources to maintain the equipment

Plasma freezers and refrigerators play a critical role in storing temperature-sensitive plasma-based therapies. Maintaining the recommended storage temperature is crucial to preserve the quality and effectiveness of these therapies, which have a short shelf life. However, there is a growing concern about the shortage of skilled manpower and limited resources to maintain this vital storage equipment, particularly in developing countries. Insufficient infrastructure and lack of training among healthcare workers contribute to the risk of wastage and compromise patient care. The increased demand for convalescent plasma during the COVID-19 pandemic has further highlighted these challenges. It is imperative for healthcare facilities to prioritize cold chain management, invest in infrastructure, and provide proper training to ensure efficient storage and availability of plasma-based therapies while minimizing wastage.

Cold Chain Products Market for Plasma Fractionation Ecosystem

The ecosystem of the market is made up of the components that are present there and specifies these components with a list of the organizations involved. Manufacturers of different cold chain products include the businesses engaged in research, product development, optimization, and introduction of such goods. Distributors include third parties and e-commerce sites affiliated with the organization for selling these cold chain products, whereas end users are the areas where cold chain products are used.

Cold Chain Products Market Ecosystem

Temperature monitoring devices segment of Cold Chain Products Market for Plasma Fractionation is expected to witness the fastest growth in the forecast period.

The market is divided into seven types such as Ultra-low temperature freezer, Plasma freezer, Temperature monitoring devices, Plasma contact shock freezer, Blood transport boxes, Ice-lined refrigerator, and Others. The market category for Temperature monitoring devices is anticipated to grow at the fastest rate between 2022 and 2027. The rising R&D investment on medical devices like medical freezers and refrigerators are additional factors that are expected to boost market expansion throughout the projected period.

Blood collection centers and blood component providers accounted for the largest share of the Cold Chain Products Market for Plasma Fractionation.

The market is divided into Blood collection centers and blood component providers, Hospitals and transfusion centers, Clinical research laboratories, and Others based on end users. In 2021, The fastest growing market for Cold Chain Products for Plasma Fractionation, was held by Blood collection centers and blood component providers for cold chain products for plasma fractionation. Rising prevalence of diseases like hemophilia, immune deficiency disorders, and liver diseases, increasing aging population are all factors that contribute to the big proportion of this market.

North America accounted for the largest share of the Cold Chain Products Market for Plasma Fractionation

The market is divided into five regions based on geography: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held the greatest market share for Cold Chain Products for Plasma Fractionation worldwide. It is anticipated that a major driver impacting the North America market growth would be the rising demand for plasma freezers, and the availability of advanced cold storage devices for labs.

The significant market share of North America is related to the presence of good healthcare infrastructure, as well as the rising R&D investment on medical devices like medical freezers and refrigerators.

Cold Chain Products Market by Region

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Key players in the Cold Chain Products Market for Plasma Fractionation are B Medical Systems (US), Blue Star Limited (India), Thermo Fisher Scientific (US), Godrej and Boyce Manufacturing Co. Ltd. (India), Haier Biomedical (China), Eppendorf SE (Germany), Avantor, Inc. (US), Biolife Solutions Inc. (US), and Helmer Scientific Inc. (US)

Cold Chain Products Market for Plasma Fractionation Report Scope

Report Metric 

Details 

Market Revenue in 2022

$569 million

Projected Revenue by 2027

$711 million

Revenue Rate

Poised to grow at a CAGR of 4.5%

Market Driver

Rising use of immunoglobulins and other plasma products in a range of therapeutic area

Market Opportunity

Demand for Plasma Fractionation Centre

The research report categorizes Cold Chain Products Market for Plasma Fractionation to forecast revenue and analyze trends in each of the following submarkets:

By Type

  • Ultra-low temperature freezer
  • Plasma freezer
  • Temperature monitoring devices
  • Plasma contact shock freezer
  • Blood transport boxes
  • Ice-lined refrigerator
  • Others

By End User

  • Blood collection centers and blood component providers
  • Hospitals and transfusion centers
  • Clinical research laboratories
  • Others

By Country

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • Japan
    • India
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • Turkey
    • Rest of MEA

Recent Developments

  • In January 2023, Haier Biomedical (China) acquired Suzhou Kangsheng (China) to incorporate disposable laboratory plastic consumables into its business portfolio and expand smart laboratory application solution scenarios and rapidly expanding its presence into the field of cryopreserving, cell culture, and microbial applications
  • In March 2023, Blue Star launched a range of deep freezers with extra storage and higher cooling capacity, manufactured at its new world-class manufacturing facility at Wada.
  • In March 2022, B Medical’s Ultra-Low Freezer U201 received the WHO PQS prequalification. This is the first-ever Ultra-Low Freezer in the world to receive the WHO PQS prequalification.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION
  1.1 Objectives of the Study
  1.2 Market Definition and Scope
  1.2.1 Inclusions & Exclusions
  1.3 Markets Scope
  1.3.1 Markets Covered
  1.3.2 Years considered for the study
  1.4 Currency
  1.5 Stakeholders
 
2 RESEARCH METHODOLOGY
  2.1 Research Approach
  2.1.1 Secondary Data
  2.1.1.1 Key data from secondary sources
  2.1.2 Primary Data
  2.1.2.1 Key data from primary sources
  2.1.2.2 Key Industry Insight
  2.2 Market Size Estimation
  2.3 Market Breakdown & Data Triangulation
  2.4 Market Share Analysis
  2.5 Assumptions for the Study
  2.6 Risk Assessment
  2.7 Limitations
  2.8 Approach to determine impact of economic recession on the market
 
3 EXECUTIVE SUMMARY
 
4 PREMIUM INSIGHTS
 
5 MARKET OVERVIEW
  5.1 Introduction
  5.2 Market Dynamics
  5.2.1 Drivers
  5.2.1.1 Rising use of immunoglobulins and other plasma products in a range of therapeutic area
  5.2.1.2 Increasing demand for Plasma-derived medicinal products
  5.2.1.3 Technological advancements in refrigeration equipment and systems
  5.2.2 Opportunities
  5.2.2.1 Demand for Plasma Fractionation Centre
  5.2.2.2 Government support for cold chain infrastructure development
  5.2.3 Challenges
  5.2.3.1 Shortage of trained manpower & limited resources to maintain the equipments
  5.2.3.2 Stringent government regulations
  5.2.3.3 Environmental concerns regarding greenhouse gas emissions
  5.3 Pricing Analysis
  5.3.1 Average Selling Prices of Key Players, By Type
  5.3.2 Average Selling Price Trends
  5.4 Supply Chain Analysis
  5.5 Ecosystem/Market Map
  5.6 Patent Analysis
  5.6.1 Patent Publication Trends for Market
  5.7 Value Chain Analysis
  5.8 Technology analysis
  5.8.1 Key technologies
  5.8.2 Complementary technologies
  5.8.3 Adjacent technologies
  5.9 Regulatory Landscape
  5.9.1 Regulatory Analysis
  5.9.2 Regulatory Bodies, Government Agencies, and Other Organization
  5.10 Porter's Five Forces Analysis
  5.11 Key Conferences and Events During 2023-2024
  5.12 Key Stakeholders and Buying Criteria
  5.12.1 Key stakeholders in buying process
  5.12.2 Buying criteria
  5.13 Trade Analysis
  5.14 Impact of Economic Recession on market
 
6 GLOBAL COLD CHAIN PRODUCTS MARKET FOR PLASMA FRACTIONATION, BY TYPE, 2020-2027 (USD MILLION)
  6.1 Introduction
  6.2 Ultra-low temperature freezer
  6.3 Plasma freezer
  6.4 Temperature monitoring devices
  6.5 Plasma contact shock freezer
  6.6 Blood transport boxes
  6.7 Ice-lined refrigerator
  6.8 Others
 
7 GLOBAL COLD CHAIN PRODUCTS MARKET FOR PLASMA FRACTIONATION, BY END USER, 2020-2027 (USD MILLION)
  7.1 Introduction
  7.2 Blood collection centers and blood component providers
  7.3 Hospitals and transfusion centers
  7.4 Clinical research laboratories
  7.5 Others
 
8 GLOBAL COLD CHAIN PRODUCTS MARKET FOR PLASMA FRACTIONATION, BY COUNTRY/REGION, 2020-2027 (USD MILLION)
  8.1 Introduction
  8.2 North America
  8.2.1 US
  8.2.2 Canada
  8.2.3 Recession Impact
  8.3 Europe
  8.3.1 Germany
  8.3.2 UK
  8.3.3 France
  8.3.4 Spain
  8.3.5 Italy
  8.3.6 Rest of Europe
  8.3.7 Recession Impact
  8.4 Asia-Pacific
  8.4.1 China
  8.4.2 Australia
  8.4.3 Japan
  8.4.4 India
  8.4.5 South Korea
  8.4.6 Rest of Asia-Pacific
  8.4.7 Recession Impact
  8.5 Latin America
  8.5.1 Recession Impact
  8.6 Middle East and Africa
  8.6.1 Recession Impact

9 COMPETETIVE LANDSCAPE
  9.1 Introduction
  9.2 Overview of Strategies Adopted by Players in the market
  9.3 Revenue Share Analysis of key players (2021)
  9.4 Market Share Analysis of Key Players (2021)
  9.5 R&D Assessment of Key Players
  9.6 Geographic Revenue Assessment of Key Players
  9.7 Company Evaluation Quadrant
  9.7.1 Stars
  9.7.2 Pervasive Players
  9.7.3 Emerging Leaders
  9.7.4 Participants
  9.8 Competitive Benchmarking
  9.9 Company Footprint
  9.10 Competitive Situations and Trends
  9.10.1 Product/Service Launches & Approvals
  9.10.2 Deals
 
10 COMPANY PROFILES
  10.1 Key Players
  10.1.1 B Medical Systems
  10.1.2 Blue Star Limited
  10.1.3 Thermo Fisher Scientific
  10.1.4 Godrej And Boyce Manufacturing Co. Ltd.
  10.1.5 Haeir Biomedical
  10.1.6 Eppendorf SE
  10.1.7 Avantor, Inc.
  10.1.8 Biolife Solutions Inc.
  10.1.9 Helmer Scientific Inc
  10.1.10 Vestfrost Solutions
  10.1.11 Jeio Tech Inc.
  10.1.12 Deepee Cooling Products Pvt. Ltd.
  10.1.13 Berlinger & Co. Ag
  10.1.14 Monnit Corporation
  10.1.15 Zhejiang Heli Refrigeration Equipment Co., Ltd.
  10.2 Other Players
  10.2.1 Qingdao Carebios Biological Technology Co.,Ltd.
  10.2.2 EBAC Co., Ltd.
  10.2.3 Biotecno
  10.2.4 Zhongke Meiling Cryogenics Co., Ltd.
  10.2.5 Bionics Scientific Technologies (P) Ltd.
  10.2.6 Stericox India Private Limited
  10.2.7 Enviro Technologies
  10.2.8 Withnell Sensors
  10.2.9 Tecnosoft srl
  10.2.10 Philipp Kirsch GmbH
 
11 APPENDIX
  11.1 Discussion Guide
  11.2 Knowledge Store: MarketsandMarkets’ subscription portal
  11.3 Related Reports
  11.4 Author Details

The market size for Cold Chain Products for Plasma Fractionation was estimated using four main methods in this study. The market, as well as its peer and parent markets, were the subject of extensive research. The subsequent phase involved doing primary research to confirm these conclusions, presumptions, and estimates with industry professionals across the value chain. For estimating the value market, top-down and bottom-up strategies were both used. The market size of segments and subsegments was then estimated using market breakdown and data triangulation processes.

Secondary Research

There were several secondary sources used in this study, including directories, databases like Bloomberg Business, Factiva, and Dun & Bradstreet, white papers, annual reports, corporate house documents, investor presentations, and firm SEC filings. To find and gather data for the detailed, technical, market-focused, and commercial analysis of the Cold Chain Products Market for Plasma Fractionation, secondary research was carried out. Relevant information on major companies, market classification and segmentation according to industry trends down to the most basic level, and significant changes regarding market and technological views were also obtained. Additionally, utilizing secondary research, a database of the important industry executives was created.

Primary Research

To gather qualitative and quantitative data for this study, a variety of sources from the supply and demand sides were interviewed during the main research phase. CEOs, vice presidents, marketing and sales directors, business development managers, technology, and innovation directors of Cold Chain Products for Plasma Fractionation manufacturing businesses, key opinion leaders, suppliers, and distributors are the main sources on the supply side. Blood collection centers and blood component providers, Hospitals and transfusion centers, Clinical research laboratories, and Others are some of the main demand-side suppliers.

The breakup of primary research:

Supply Side

Cold Chain Products Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The market size for Cold Chain Products for Plasma Fractionation was calculated using data from four different sources, as will be discussed below. Each technique concluded and a weighted average of the four ways was calculated based on the number of assumptions each approach made. The market size for Cold Chain Products for Plasma Fractionation was calculated using data from four distinct sources, as will be discussed below:

Cold Chain Products for Plasma Fractionation: Country-level Analysis- Bottoms up approach

Cold Chain Products Market Size, and Share

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Cold Chain Products for Plasma Fractionation: Top-Down approach

Cold Chain Products Market Size, and Share

Cold Chain Products for Plasma Fractionation: Revenue Share Analysis

Cold Chain Products Market Size, and Share

Cold Chain Products for Plasma Fractionation: Country level Analysis

Cold Chain Products Market Size, and Share

Data Triangulation

The entire market was split up into several segments when the market size was determined. Data triangulation and market breakdown processes were used where necessary to complete the entire market engineering process and arrive at the precise statistics for all segments.

Approach to derive the market size and estimate market growth

Using secondary data from both paid and unpaid sources, the market rankings for the major players were determined following a thorough analysis of their sales of cold chain products. Due to data restrictions, the revenue share in certain cases was determined after a thorough analysis of the product portfolio of big corporations and their individual sales performance. This information was verified at each stage by in-depth interviews with professionals in the field.

Market definition

Blood products include whole blood and blood components namely cellular components, plasma, cryoprecipitate, and Plasma-derived medicinal products (PDMPs), which are purified plasma protein concentrates that undergo pathogen reduction procedures that are manufactured from pools of thousands of plasma units by an industrial process called plasma fractionation. The equipment that is needed for storage and transport of these plasma fractionated compounds in temperature-controlled environments is usually called cold chain products or equipment.

Key Stakeholders

  • Cold chain equipment Manufacturers
  • Cold chain equipment Distributors
  • Medical device R&D Companies
  • Clinics and Hospitals
  • Plasma Research Institutes and Universities
  • Venture Capitalists and Investors
  • Market Research and Consulting Firms
  • Government Associations

Objectives of the Study

  • To define, describe, segment, and forecast the Cold Chain Products Market for Plasma Fractionation based on type, end user, and region.
  • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges).
  • To assess the market regarding Porter’s five forces analysis, regulatory landscape, value chain, supply chain, ecosystem analysis, patent analysis, and the impact of the economic recession.
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
  • To forecast the size of the market in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape.
  • To profile the key players in the market and comprehensively analyze their core competencies.
  • To track and analyze competitive developments such as product launches and approvals, acquisitions, expansions, partnerships, and agreements in the market.
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Report Code
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Published ON
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