PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258081
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258081
Global Medical Transport Box Market is valued at approximately USD 259.9 Million in 2021and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2022-2029.Medical Transport Box is a container used to store and transport medical supplies specimensand types of equipment. They have several closures and compartments to safely store the equipmentand transport them in an organized way. These boxes offer a protected and temperature-controlled environment for transportation, vaccines and dilutionsare stored at a prescribed temperature. Medical Transport boxes are specially designed to provide transport solutions such as volume for storage, temperature, and high safety standards. Additionally, the rising incidences of chronic disordersand the increasing geriatric population are driving the market for medical transport boxes.
The rising incidence of chronic disorders among the growing population is driving the demand formedical transport boxes. Almost 17.9 million deaths in 2019 were due to chronic disorders. It has a severe and widespread impact on both genders. 2020 was the year with the highest death due to lung cancer nearly 1.8 million lives. 2045 is estimated to have around 700 million diabetic patients therefore to meet the needs of the growing population suffering the market rises. One driver is the increasing geriatric population, According to World Health Organization (WHO) the world's aging population is expected to be doubled over 60 years. India's senior population has been increasing consistently since 1961. The ratio almost grew from 11% to 14% and is anticipated to reach 20%by 2030. Moreover, the continuous advancements in the formulation and rising expenditure in the healthcare sector arealso fueling the demand for medical transport boxes globally.However, the high cost of Medical Transport Box stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Medical Transport Box Marketstudy includesAsia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominated the market for medical transport boxes due to higher investments by manufacturersinthis region. It is also expected to grow at a CAGR of 7.0%. The new product launches and growing adoption of innovative technologies areboosting the demand. Asia-Pacific is expected to be the fastest-growing region. The increasing healthcare expenditure in this region is probably boosting the demand for the medical transport boxes market. Various initiatives by the government are improving the healthcare infrastructure of this region further fueling the demand.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable