FMI Report: Global Medical Transport Box Market Expected to Reach US$ 1,201.3 Million by 2034, Driven by a 5.6% CAGR, with Plastic Boxes Holding Dominant Share

Future Market Insights Report: Global Medical Transport Box Market Expected to Reach US$ 1,201.3 Million by 2034, Driven by a 5.6% CAGR, with Plastic Boxes Holding Dominant Share | The Lifesciences Magazine

Source-B Medical Systems

As to the research analysis conducted by Future Market Insights, the medical transport box market soaring demand brought on by the use of biologic drugs and driverless cars, assuring safe delivery in the face of ageing populations and patient-centered healthcare trends.

Clinical trial globalization is expected to propel the medical transport box market to a US$ 696.6 million valuation in 2024. The trend is anticipated to open up new market opportunities, resulting in a 5.6% predicted compound annual growth rate (CAGR) between 2024 and 2034 and a total valuation of US$ 1,201.3 million by that year.

The transfer of medical supplies, particularly the usage of specialised medical transport boxes for airborne delivery in remote or difficult terrains, may be impacted by developments in autonomous vehicles and drone technology. Advanced medical transport solutions that can preserve the integrity of these delicate products during transit are likely to become more and more in demand as the use of biologic medications, which frequently have specific needs regarding temperature and environment, increases.

An increased demand for pharmaceuticals and medical supplies is frequently caused by the ageing population. It is anticipated that the changing demographics would result in a rise in the need for medical transport boxes, which are necessary to guarantee the prompt and secure delivery of medical supplies to senior citizens. The trend towards patient-centric healthcare models can raise demand for home healthcare services, necessitating the need for safe, temperature-controlled medical supply transportation options that can be provided to patients’ homes.

Principal Findings from the Market Analysis

  • By 2023, the medical transport box market was estimated to be worth US$ 672.4 million globally.
  • The market demand grew at a 3.8% CAGR from 2019 to 2023.
  • Through 2034, the Chinese market is anticipated to grow at a CAGR of 6.7%.
  • In terms of material, the plastics industry is expected to hold a 56.3% share by 2024.
  • The medical transport box market is anticipated to grow at a 5.6% CAGR between 2024 and 2034.
  • The medical transport box market is projected to reach a value of US$ 1,201.3 million by 2034.

Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI) states, “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.”

Future Market Insights Financial Operations: Overview

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

Segmentation Analysis of the Medical Transport Box Market

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

Also Read: 10 Best Locations for Lifesciences Jobs in the World

Share Now

Facebook
LinkedIn
Twitter
Pinterest
Reddit