Know More About “Medical Transport Boxes Market 2023-2030” Growth Worldwide…..|Grand View Research, Inc.

Posted by Mrudula Anil Karmarkar on September 20th, 2023

San Francisco, 20 September 2023: The ReportMedical Transport Boxes MarketSize, Share & Trends Analysis Report By Material (Plastic, Stainless Steel), By Cooling Technology (Passive, Active), By Application, By End-user, By Region, And Segment Forecasts, 2023 - 2030

The global medical transport boxes market size is expected to reach USD 1.06 billion by 2030 expanding at a CAGR of 7.10%, based on a new report by Grand View Research, Inc. This growth can be attributed to the increasing incidence of chronic disorders leading to organ transplantation. According to the National Center for Biological Information (NCBI ), approximately 162,428 people were estimated to be living with cystic fibrosis (CF) across 94 countries worldwide in 2022.

Furthermore, medical transport boxes play an important role in transporting donated organs from donation centers to hospitals. According to preliminary data from United Network for Organ Sharing (UNOS ), in the U.S. approximately 42,887 organ transplant surgeries were performed in 2022, slightly higher than that in 2021. Of these total organ transplant surgeries, liver, lung, and heart transplants accounted for 9,528, 2,692, and 4,111, respectively. Thus, an increasing number of organ transplant surgeries is expected to boost the market during the forecast period.

Moreover, major players are acquiring smaller companies to strengthen their market positions. This strategy enables major companies to increase their capabilities, expand product portfolios, and improve competencies. For instance, in October 2022 , Azenta completed the acquisition of B Medical System, a provider of temperature-controlled transportation and storage solutions. This acquisition will expand Azenta’s comprehensive cold chain portfolio, thereby driving its market growth.

This can be attributed to the increasing global disease burden that has led to an increase in the use of transport boxes that transport various medical products. The increased demand for medical transport boxes from various healthcare settings is further contributing to its market growth.

The medical transport boxes offer safe and secure transportation of temperature-sensitive laboratory and clinical specimens between operating sites. According to the U .S. National Library of Medicine, approximately 452,947 clinical trial studies are registered in 221 countries worldwide, as of May 2023. Thus, clinical trials are expected to boost the demand for medical transportation boxes in the coming years.

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Medical Transport Boxes Market Report Highlights

• In 2022, the plastic segment dominated the market with a share of 79.9%. This dominance can be attributed to the growing use of plastic in designing and developing new medical transport boxes
• In 2022, the passive segment dominated with a market share of 82.40%. This can be attributed to the increased launch and adoption of passive cooling medical transport boxes by various healthcare organizations for vaccine campaigns
• In 2022, the blood and its components segment dominated the market with a revenue share of 33.31%. This can be attributed to the growing use of medical transport boxes for the collection, storage, and transportation of RBCs, WBCs, platelets, and plasma
• In 2022, the hospital & clinics segment dominated the market for medical transport boxes with a revenue share of 36.19%. The increasing number of hospitals & clinics is projected to propel the demand for boxes used in storing biological specimens and liquid samples
• The North America region held the largest market share of 31.42% in 2022. Technological advancements in cold chain technology and high investment by the government have supported its adoption. Cold chain logistics are expected to drive the demand in the regional market
• The presence of many key players such as B Medical System; Thermo Fisher Scientific Inc.; and Haier Biomedical . Market players adopt this strategy to increase the reach of their products in the market and to improve their availability in diverse geographic areas

The COVID-19 pandemic had a high impact on the medical transport boxes market. Many transport box manufacturing companies witnessed increased sales revenue during the mid-COVID-19 pandemic. This growth can be attributed to the increasing demand for vaccines and liquid plasma transportation for the treatment of COVID-19 patients. However, strict regulations undertaken by the government such as nationwide lockdowns and supply chain breakdown led to a shortage of transport boxes globally.

Medical Transport Boxes Market Report Scope

List of Key Players in the Medical Transport Boxes Market

• B Medical System (Azenta)
• Avantor, Inc.
• Thermo Fisher Scientific Inc.
• Sonoco Products Company
• SARSTEDT AG & Co. KG
• Haier Group
• Nilkamal