Global Vaccine Storage Equipment Market Report and Forecast 2024-2032
Market Report I 2023-09-15 I 160 Pages I EMR Inc.
Global Vaccine Storage Equipment Market Report and Forecast 2024-2032
Global Vaccine Storage Equipment Market Outlook
The global vaccine storage equipment market was valued USD 6.4 billion in 2023, driven by global vaccination initiatives, research and development, healthcare infrastructure across the globe. The market size is anticipated to grow at a CAGR of 10.1% during the forecast period of 2024-2032 to achieve a value of USD 15.1 billion by 2032.
Vaccine Storage Equipment: Introduction
Vaccine storage equipment plays a crucial role in maintaining the potency and efficacy of vaccines by providing the appropriate conditions for their storage. Vaccines are sensitive biological products that can lose their effectiveness if not stored within specified temperature ranges. Improper storage can lead to reduced immunogenicity, decreased protection against diseases, and even potential health risks to individuals receiving the vaccines. Vaccine storage equipment includes a range of devices designed to control and monitor temperature, humidity, and other environmental factors to ensure that vaccines are kept within the recommended storage conditions. This equipment is commonly used in healthcare facilities, clinics, pharmacies, and other vaccination centers.
Proper maintenance and calibration of vaccine storage equipment are essential to ensure that vaccines remain potent and effective. Regulatory authorities, such as the World Health Organization (WHO) and national health agencies, provide guidelines and standards for vaccine storage and cold chain management to ensure the quality of immunization programs worldwide.
Key Trends in the Global Vaccine Storage Equipment Market
- Technological Advancements: The vaccine storage equipment market was experiencing advancements in technology, including the integration of digital temperature monitoring systems, remote access capabilities, and data logging features. These technologies aimed to improve real-time monitoring, data accuracy, and overall efficiency in vaccine storage management.
- Energy Efficiency: Energy-efficient and environmentally friendly vaccine storage equipment was gaining importance. Manufacturers were focusing on developing refrigerators and freezers that consumed less energy, reducing operational costs and contributing to sustainability efforts.
- Mobile and Portable Solutions: Portable vaccine storage units and mobile refrigeration solutions were becoming more popular, especially in remote or hard-to-reach areas where maintaining proper storage conditions is challenging. These solutions allowed healthcare workers to transport vaccines while maintaining temperature integrity.
- Cold Chain Optimization: Cold chain management was a significant concern in the vaccine industry. Technologies such as RFID (Radio-Frequency Identification) and IoT (Internet of Things) were being explored to enhance visibility and traceability throughout the vaccine distribution process.
Global Vaccine Storage Equipment Market Segmentation
The market can be categorised into product type, end user and region.
Market Breakup by Product Type
- Bags, Vials, Ampoules
- Freezers
- Refrigerators
Market Breakup by End user
- Hospitals and Medical Institutes
- Distributor & Logistics
- Retailers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Vaccine Storage Equipment Market Overview
The vaccine storage equipment market has been growing steadily due to the increasing emphasis on vaccination programs worldwide, advancements in vaccine research and development, and the need to ensure proper storage conditions for vaccine efficacy. The market size has been influenced by factors such as population growth, the introduction of new vaccines, and efforts to expand healthcare infrastructure, particularly in developing regions. International organizations like the World Health Organization (WHO) and various NGOs played a significant role in shaping the vaccine storage equipment market. Global initiatives aimed at improving vaccine distribution and storage, especially in resource-limited settings, drove innovation and investment in affordable and efficient solutions.
Regional Outlook
- North America: Strong healthcare and rules drove demand for advanced vaccine storage. Digital monitoring and compliance efforts increased, ensuring reliability.
- Europe: Mature healthcare and strict rules, like North America. Energy-efficient storage grew, with focus on vaccine cold chain and advanced tracking.
- Asia Pacific: Varied healthcare shaped the region. Remote challenges led to affordable, portable solutions demand, especially in limited-resource countries.
- Latin America: Mixed healthcare scenarios. Rising vaccinations and access efforts spurred reliable storage needs.
- Middle East and Africa: Diverse development. Middle East pursued advanced storage; Africa's infrastructure hurdles drove accessible solutions.
Key Players in the Global Vaccine Storage Equipment Market
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in vaccine storage equipment market are as follows:
- Haier Group Corporation
- Philipp Kirsch GmbH
- Eppendorf AG
- Thermo Fisher Scientific, Inc.
- B Medical Systems
- Cole-Parmer Instrument Company, LLC
- PHC Corporation
- Helmer Scientific, Inc.
- Evermed S.R.L.
- Vestfrost Solutions
- American Biotech Supply
- Arctiko A/S
- Labcold
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1Preface
1.1Objectives of the Study
1.2Key Assumptions
1.3Report Coverage - Key Segmentation and Scope
1.4Research Methodology
2Executive Summary
3Global Vaccine Storage Equipment Market Overview
3.1Global Vaccine Storage Equipment Market Historical Value (2017-2023)
3.2Global Vaccine Storage Equipment Market Forecast Value (2024-2032)
4Global Vaccine Storage Equipment Market Landscape
4.1Global Vaccine Storage Equipment Developers Landscape
4.1.1Analysis by Year of Establishment
4.1.2Analysis by Company Size
4.1.3Analysis by Region
4.2Global Vaccine Storage Equipment Product Landscape
4.2.1Analysis by Product Type
5Global Vaccine Storage Equipment Market Dynamics
5.1Market Drivers and Constraints
5.2SWOT Analysis
5.3Porter's Five Forces Model
5.4Key Demand Indicators
5.5Key Price Indicators
5.6Industry Events, Initiatives, and Trends
5.7Value Chain Analysis
6Global Vaccine Storage Equipment Market Segmentation
6.1Global Vaccine Storage Equipment Market by Product Type
6.1.1Market Overview
6.1.2Bags, Vials, Ampoules
6.1.3Freezers
6.1.4Refrigerators
6.2Global Vaccine Storage Equipment Market by End User
6.2.1Market Overview
6.2.2Hospitals and Medical Institutes
6.2.3Distributor and Logistics
6.2.4Retailers
6.2.5Others
6.3Global Vaccine Storage Equipment Market by Region
6.3.1Market Overview
6.3.2North America
6.3.3Europe
6.3.4Asia Pacific
6.3.5Latin America
6.3.6Middle East and Africa
7North America Vaccine Storage Equipment Market
7.1Market Share by Country
7.2United States of America
7.3Canada
8Europe Vaccine Storage Equipment Market
8.1Market Share by Country
8.2United Kingdom
8.3Germany
8.4France
8.5Italy
8.6Others
9Asia Pacific Vaccine Storage Equipment Market
9.1Market Share by Country
9.2China
9.3Japan
9.4India
9.5ASEAN
9.6Australia
9.7Others
10Latin America Vaccine Storage Equipment Market
10.1Market Share by Country
10.2Brazil
10.3Argentina
10.4Mexico
10.5Others
11Middle East and Africa Vaccine Storage Equipment Market
11.1Market Share by Country
11.2Saudi Arabia
11.3United Arab Emirates
11.4Nigeria
11.5South Africa
11.6Others
12Patent Analysis
12.1Analysis by Type of Patent
12.2Analysis by Publication year
12.3Analysis by Issuing Authority
12.4Analysis by Patent Age
12.5Analysis by CPC Analysis
12.6Analysis by Patent Valuation
12.7Analysis by Key Players
13Grants Analysis
13.1Analysis by year
13.2Analysis by Amount Awarded
13.3Analysis by Issuing Authority
13.4Analysis by Grant Application
13.5Analysis by Funding Institute
13.6Analysis by NIH Departments
13.7Analysis by Recipient Organization
14Funding Analysis
14.1Analysis by Funding Instances
14.2Analysis by Type of Funding
14.3Analysis by Funding Amount
14.4Analysis by Leading Players
14.5Analysis by Leading Investors
14.6Analysis by Geography
15Partnership and Collaborations Analysis
15.1Analysis by Partnership Instances
15.2Analysis by Type of Partnership
15.3Analysis by Leading Players
15.4Analysis by Geography
16Regulatory Framework
16.1Regulatory Overview
16.1.1US FDA
16.1.2EU EMA
16.1.3INDIA CDSCO
16.1.4JAPAN PMDA
16.1.5Others
17Supplier Landscape
17.1Haier Group Corporation
17.1.1Financial Analysis
17.1.2Product Portfolio
17.1.3Demographic Reach and Achievements
17.1.4Mergers and Acquisitions
17.1.5Certifications
17.2Philipp Kirsch GmbH
17.2.1Financial Analysis
17.2.2Product Portfolio
17.2.3Demographic Reach and Achievements
17.2.4Mergers and Acquisitions
17.2.5Certifications
17.3Eppendorf AG
17.3.1Financial Analysis
17.3.2Product Portfolio
17.3.3Demographic Reach and Achievements
17.3.4Mergers and Acquisitions
17.3.5Certifications
17.4Thermo Fisher Scientific, Inc.
17.4.1Financial Analysis
17.4.2Financial Portfolio
17.4.3Demographic Reach and Achievements
17.4.4Mergers and Acquisitions
17.4.5Certifications
17.5B Medical Systems
17.5.1Financial Analysis
17.5.2Product Portfolio
17.5.3Demographic Reach and Achievements
17.5.4Mergers and Acquisitions
17.5.5Certifications
17.6Cole-Parmer Instrument Company, LLC
17.6.1Financial Analysis
17.6.2Product Portfolio
17.6.3Demographic Reach and Achievements
17.6.4Mergers and Acquisitions
17.6.5Certifications
17.7PHC Corporation
17.7.1Financial Analysis
17.7.2Product Portfolio
17.7.3Demographic Reach and Achievements
17.7.4Mergers and Acquisitions
17.7.5Certifications
17.8Helmer Scientific, Inc.
17.8.1Financial Analysis
17.8.2Product Portfolio
17.8.3Demographic Reach and Achievements
17.8.4Mergers and Acquisitions
17.8.5Certifications
17.9Evermed S.R.L.
17.9.1Financial Analysis
17.9.2Product Portfolio
17.9.3Demographic Reach and Achievements
17.9.4Mergers and Acquisitions
17.9.5Certifications
17.10Vestfrost Solutions
17.10.1Financial Analysis
17.10.2Product Portfolio
17.10.3Demographic Reach and Achievements
17.10.4Mergers and Acquisitions
17.10.5Certifications
17.11American Biotech Supply
17.11.1Financial Analysis
17.11.2Product Portfolio
17.11.3Demographic Reach and Achievements
17.11.4Mergers and Acquisitions
17.11.5Certifications
17.12Arctiko A/S
17.12.1Financial Analysis
17.12.2Product Portfolio
17.12.3Demographic Reach and Achievements
17.12.4Mergers and Acquisitions
17.12.5Certifications
17.13Labcold
17.13.1Financial Analysis
17.13.2Product Portfolio
17.13.3Demographic Reach and Achievements
17.13.4Mergers and Acquisitions
17.13.5Certifications
18Global Vaccine Storage Equipment Market - Distribution Model (Additional Insight)
18.1Overview
18.2Potential Distributors
18.3Key Parameters for Distribution Partner Assessment
19Key Opinion Leaders (KOL) Insights (Additional Insight)
20Company Competitiveness Analysis (Additional Insight)
20.1Very Small Companies
20.2Small Companies
20.3Mid-Sized Companies
20.4Large Companies
20.5Very Large Companies
21Payment Methods (Additional Insight)
21.1Government Funded
21.2Private Insurance
21.3Out-of-Pocket
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