The anticipated value of the medical transport box market is forecasted to be US$ 696.6 million by the year 2024, with a subsequent projected increase to US$ 1,201.3 million by 2034. Throughout the forecast period from 2024 to 2034, the market is expected to experience substantial growth at a Compound Annual Growth Rate (CAGR) of 5.6%. This trajectory reflects a steady rise in demand for medical transport boxes, indicating a sustained market expansion. The sector’s robust growth is attributed to evolving healthcare infrastructure, increased emphasis on safe and efficient medical logistics, and technological advancements in transport box designs.
Advances in autonomous vehicles and drone technology may influence the transportation of medical supplies, including the use of specialized medical transport boxes for aerial delivery in remote or challenging terrains. The growing use of biologic drugs, which often have specific temperature and environmental requirements, is expected to fuel the demand for advanced medical transport solutions that can maintain the integrity of these sensitive products during transit.
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The aging population often requires a higher volume of medical supplies and medications. The demographic shift is expected to lead to increased demand for medical transport boxes to ensure the safe and timely delivery of healthcare products to elderly individuals. The shift toward patient centric healthcare models may lead to increased demand for home healthcare services, requiring secure and temperature controlled transport solutions for medical supplies delivered directly to the homes of patients.
Key Takeaways from the Market Study
- Global medical transport box market was valued at US$ 672.4 million by 2023-end.
- From 2019 to 2023, the market demand expanded at a CAGR of 3.8%.
- The market in China is expected to expand at a CAGR of 6.7% through 2034.
- By material, the plastic segment to account for a share of 56.3% in 2024.
- From 2024 to 2034, medical transport box market is expected to flourish at a CAGR of 5.6%.
- By 2034, the market value of medical transport box is expected to reach US$ 1,201.3 million.
The integration of blockchain technology for secure and transparent record keeping in the healthcare supply chain may influence the development of medical transport boxes with built in blockchain solutions to enhance data integrity,” remarks Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
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Competitive Landscape
Prominent players in the medical transport box market are
- B Medical Systems
- Avantor Inc.
- Thermo Fisher Scientific Inc.
- Sonoco Products Company
- SARSTEDT AG & Co. KG
- Haier Group
- Nilkamal
- BITO-Lagertechnik Bittmann GmbH
Recent Developments
- In 2020, Sonoco ThermoSafe, a division of Sonoco and a prominent global supplier of temperature assurance packaging for the life sciences and healthcare sectors, unveiled its latest product, the EOS™ line. The innovative line features fully curbside recyclable temperature controlled packaging and is now available in the United States.
- In the same year, Pelican BioThermal, a renowned global leader in temperature controlled packaging, had successfully acquired NanoCool, a manufacturer based in Albuquerque, New Mexico, specializing in temperature controlled packaging solutions. The strategic acquisition enhances the already extensive Pelican BioThermal product portfolio, solidifying its position as the most comprehensive in the industry.
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Key Segmentations:
By Material:
- Plastic
- Metal
- Paperboard
By Capacity:
- Up to 5 L
- 5 L to 10 L
- Above 10 L
By End User:
- Hospital and Clinics
- Blood Banks
- Laboratories
- Research Centres
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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