Latin America Pharmaceutical Cold Chain Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.5 Billion |
| Market Size (2029) | USD 8.66 Billion |
| CAGR (2024 - 2029) | 5.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Pharmaceutical Cold Chain Logistics Market Analysis
The Latin America Pharmaceutical Cold Chain Logistics Market size is estimated at USD 6.5 billion in 2024, and is expected to reach USD 8.66 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).
- In Latin America, demand for cold chain logistics services surged as a result of the COVID-19 pandemic's increased demand for pharmaceuticals, especially vaccinations. The pandemic has also brought to light the significance of preserving the cold chain's integrity while transporting and storing vaccines and other medicinal items.
- The Latin American pharmaceutical cold chain logistics market is expanding quickly and is anticipated to do so over the next few years. The expanding need for temperature-controlled logistics, the rising demand for pharmaceutical products, and the pharmaceutical industry's increased emphasis on quality and safety are some of the drivers driving the market.
- Due to the rising demand for vaccinations in the area, the vaccine segment is anticipated to account for a sizeable portion of the market. Due to the growing number of biopharmaceutical products being developed and manufactured in the area, the biopharmaceutical segment is also anticipated to expand.
- Due to the growing demand for pharmaceutical items to be transported in a temperature-controlled environment, the transportation sector is anticipated to account for a sizeable portion of the market. Due to the growing demand for pharmaceutical products to be stored under temperature control, the warehousing industry is also anticipated to expand.
- It is anticipated that nations like Brazil, Mexico, and Argentina will dominate the industry. The demand for pharmaceutical cold chain logistics services in the region is anticipated to be driven by the huge populations of these nations and their expanding pharmaceutical industries.
Latin America Pharmaceutical Cold Chain Logistics Market Trends
Demand for pharmaceutical products in Latin America
Due to the region's rising need for pharmaceutical products, Latin America's pharmaceutical sector is expanding significantly. In the upcoming years, the market values of the pharmaceutical sector in Latin America are anticipated to rise due to a number of causes.
The rising incidence of chronic diseases in the region is one of the major drivers boosting the pharmaceutical business in Latin America. The World Health Organisation estimates that chronic diseases cause 71% of all fatalities in Latin America. This has increased the need for pharmaceutical medicines to treat various chronic illnesses, such as cancer, diabetes, and cardiovascular disorders.
The region's expanding population is another element boosting Latin America's pharmaceutical business. The United Nations projects that 780 million people will live in Latin America by the year 2050. To address the needs of the expanding population's healthcare, this has increased the demand for pharmaceutical items.
The region's pharmaceutical business is expanding as a result of Latin America's growing emphasis on healthcare. Governments in many Latin American nations are taking steps to expand the pharmaceutical business as part of their efforts to strengthen the healthcare infrastructure. As a result, there is now more demand in the area for pharmaceutical goods.
Another element boosting the development of the pharmaceutical sector in Latin America is the rising demand for generic medications. Because they are less expensive than name-brand medications, generic medicines are more readily available to patients in the area. As a result, there is now a higher demand for generic medications, which has helped the pharmaceutical business in the area expand.
The growing use of digital technologies in the healthcare field benefits the pharmaceutical industry in Latin America as well. Access to healthcare services is becoming more readily available in the area because of digital technology like telemedicine and electronic health records. Support for these digital healthcare services has increased the demand for pharmaceutical products.
Growth of biopharmaceutical industry in Latin America
The rising need for healthcare services, particularly in developing nations like Brazil, Mexico, and Argentina, is one of the major factors driving expansion in the Latin American biopharmaceutical sector. There is a higher need for healthcare services and treatments for chronic diseases, including cancer, diabetes, and cardiovascular disease, as the population in these countries continues to age and grow. As a result, there is an increasing need for biopharmaceutical goods and services, such as biologic medicines, vaccines, and diagnostic testing.
Increased government and private sector investment in healthcare infrastructure is another element boosting the biopharmaceutical industry's development in Latin America. Numerous nations in the region have started comprehensive healthcare reform initiatives with the goal of enhancing access to treatments and boosting coverage.
Increased funding for healthcare infrastructure, as well as the development of new hospitals, clinics, and research institutions, have resulted from this. In addition, many nations in the area have put in place regulations designed to encourage innovation in the biopharmaceutical sector, such as tax breaks for R&D and faster regulatory procedures for new drug approvals.
Last but not least, Latin America's biopharmaceutical sector has benefited from an expanding pool of highly qualified workers, including researchers, scientists, and medical specialists. Many nations in the area have made significant investments in healthcare professional education and training programs, and there are an increasing number of universities and research centers devoted to biopharmaceutical R&D. In order to promote innovation and hasten the creation of new biopharmaceutical goods and services, numerous regional businesses have also formed alliances with foreign businesses and research organizations.
The Latin American biopharmaceutical industry is expected to be worth USD 29.56 billion in 2022. By 2025, the amount was predicted to rise to USD 38.99 billion, and by 2028, it would reach USD 46.89 billion. Neurology, infectious disorders, diabetes, cancer, cardiovascular, and other therapeutic fields are all included in biopharmaceuticals.
Latin America Pharmaceutical Cold Chain Logistics Industry Overview
The Latin American pharmaceutical cold chain logistics market is the biggest market in this area in Brazil, which Mexico, Argentina, and Columbia follow. The existence of both domestic and foreign businesses has caused the market to be fragmented.
The largest players in the LATAM region's cold storage market continue to grow as a result of mergers and consolidation. Many businesses in developed markets keep growing and buying up rival businesses.
Latin America Pharmaceutical Cold Chain Logistics Market Leaders
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Frialsa Frigorificos SA.
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Comfrio SoluCoes LogIsticas.
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Friozem Armazéns Frigorificos.
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Superfrio Armazéns Gerais.
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Americold Logistics.
*Disclaimer: Major Players sorted in no particular order
Latin America Pharmaceutical Cold Chain Logistics Market News
- March 2023: DSV has agreements in place to purchase S&M Moving Systems West and Global Diversity Logistics, two US-based transportation and logistics firms. These acquisitions will improve DSV's standing in the semiconductor sector, complement its newest activities at Phoenix-Mesa Gateway Airport, and assist the company in expanding cross-border services to Latin America. In April 2023, the deals are anticipated to close, barring any last-minute legal requirements.
- February 2023: Emergent Cold Latin America, the region's fastest-growing provider of temperature-controlled storage and logistics services, announced that it had acquired Qualianz, a renowned platform for storage and logistics with operations in Tijuana, Mexico City, Mexico State, Monterrey, and Querétaro.
Latin America Pharmaceutical Cold Chain Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends and Automation
4.3 Spotlight on Ambient/Temperature-controlled Storage
4.4 Impact of Emission Standards and Regulations on Cold Chain Industry
4.5 Value Chain/Supply Chain Analysis
4.6 Government Regulations and Initiatives
4.7 Trends in Intermodal Transportation in Latin America
4.8 Impact of the COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Drivers
5.1.1 Increasing demand for temperature - sensitive drugs
5.1.2 The growing pharmaceutical industry
5.2 Restraints
5.2.1 High cost of cold chain logistics
5.2.2 The limited availability of skilled personnel
5.3 Opportunities
5.3.1 Increasing demand for biologics and biosimilars
5.3.2 The development of new technologies to improve cold chain logistics
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers / Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Service
6.1.1 Storage
6.1.2 Transportation
6.1.3 Value-Added Services
6.2 By Destination
6.2.1 Domestic
6.2.2 International
6.3 By Geography
6.3.1 Mexico
6.3.2 Brazil
6.3.3 Colombia
6.3.4 Rest Of Latin America
7. COMPETITIVE LANDSCAPE
7.1 Market Concentration Overview
7.2 Company Profiles
7.2.1 Frialsa Frigorificos SA.
7.2.2 Comfrio SoluCoes LogIsticas.
7.2.3 Friozem Armazens Frigorificos.
7.2.4 Superfrio Armazens Gerais.
7.2.5 Americold Logistics.
7.2.6 Brasfrigo
7.2.7 Arfrio Armazens Gerais Frigorificos
7.2.8 Ransa Comercial SA
7.2.9 Localfrio
7.2.10 Qualianz*
- *List Not Exhaustive
8. FUTURE OF THE MARKET
9. APPENDIX
Latin America Pharmaceutical Cold Chain Logistics Industry Segmentation
The logistics and planning of a pharmaceutical supply chain that is maintained within a range of particular, low temperatures are referred to as pharmaceutical cold chain management. Discover the effects and discover how to handle future disruptions.
The Latin American pharmaceutical cold chain logistics market is segmented by service, by destination, by geography. By service, the market is segmented into Storage, transportation, and value-added Services, by destination the market is segmented into domestic, and international, by geography the market is segmented into Mexico, Brazil, Colombia, and the Rest of Latin America. The report offers market size and forecasts for the Latin American pharmaceutical cold chain logistics market in value (USD) for all the above segments.
| By Service | |
| Storage | |
| Transportation | |
| Value-Added Services |
| By Destination | |
| Domestic | |
| International |
| By Geography | |
| Mexico | |
| Brazil | |
| Colombia | |
| Rest Of Latin America |
Latin America Pharmaceutical Cold Chain Logistics Market Research Faqs
How big is the Latin America Pharmaceutical Cold Chain Logistics Market?
The Latin America Pharmaceutical Cold Chain Logistics Market size is expected to reach USD 6.5 billion in 2024 and grow at a CAGR of 5.90% to reach USD 8.66 billion by 2029.
What is the current Latin America Pharmaceutical Cold Chain Logistics Market size?
In 2024, the Latin America Pharmaceutical Cold Chain Logistics Market size is expected to reach USD 6.5 billion.
Who are the key players in Latin America Pharmaceutical Cold Chain Logistics Market?
Frialsa Frigorificos SA., Comfrio SoluCoes LogIsticas., Friozem Armazéns Frigorificos., Superfrio Armazéns Gerais. and Americold Logistics. are the major companies operating in the Latin America Pharmaceutical Cold Chain Logistics Market.
What years does this Latin America Pharmaceutical Cold Chain Logistics Market cover, and what was the market size in 2023?
In 2023, the Latin America Pharmaceutical Cold Chain Logistics Market size was estimated at USD 6.12 billion. The report covers the Latin America Pharmaceutical Cold Chain Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Pharmaceutical Cold Chain Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Pharmaceutical Cold Chain Logistics Industry Report
Statistics for the 2024 Latin America Pharmaceutical Cold Chain Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Pharmaceutical Cold Chain Logistics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
