Vaccine Storage Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Cold Boxes, Consumables & Accessories, Foam Pads, Freezer(Low-Temperature Freezers, Ultra-low Temperature Freezers), Monitoring Device, Refrigerator(Large Capacity, Small Capacity), Vaccine Carriers), By Type (Refrigerated Storage, Refrigerated Transport), By End user (Distributor & Logistics, Hospitals & Medical Institutes, Retailer), By Region, By Competition.

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 987.33 million

CAGR (2023-2028)

5.36%

Fastest Growing Segment

Refrigerated Storage

Largest Market

North America


Market Overview

Global Vaccine Storage Equipment Market has valued at USD 987.33 million in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 5.36% through 2028. The global vaccine storage equipment market is an integral component of the healthcare infrastructure, often working silently behind the scenes to ensure the efficacy and safety of vaccines. As the world grapples with the challenges posed by the COVID-19 pandemic, the importance of vaccine storage equipment has never been more apparent. Vaccines are delicate biologics that require precise temperature control throughout their entire lifecycle, from manufacturing and transportation to storage and administration. Deviations from recommended temperature ranges can compromise vaccine potency, rendering them ineffective or even harmful. Vaccine storage equipment plays a pivotal role in maintaining the cold chain, a series of temperature-controlled steps that ensure vaccines remain viable and safe until they reach the patient's arm. The global vaccine storage equipment market has witnessed substantial growth due to continuous technological advancements. Innovations such as smart refrigerators and temperature monitoring systems have significantly improved the reliability and efficiency of vaccine storage. The COVID-19 pandemic has accentuated the importance of vaccination, leading to an increased demand for vaccines worldwide. This surge in demand has, in turn, driven the need for expanded and more advanced vaccine storage solutions. Governments and international organizations have established stringent regulations and guidelines for vaccine storage to maintain vaccine efficacy and safety. Compliance with these standards has become a priority, leading to higher investments in quality storage equipment. Various immunization programs and campaigns, especially in developing nations, have fueled the demand for vaccine storage equipment. Governments and global health organizations are ramping up their efforts to expand vaccination coverage, boosting the market further. The need to reach remote and underserved areas with vaccines has led to the expansion of cold chain infrastructure. This expansion requires additional vaccine storage equipment, creating opportunities for market growth.

Key Market Drivers

Rising Vaccine Production is Driving the Global Vaccine Storage Equipment Market

The global vaccine storage equipment market is experiencing a significant boost, thanks to the remarkable surge in vaccine production worldwide. The COVID-19 pandemic, among other factors, has catalyzed a tremendous increase in the demand for vaccines, propelling the pharmaceutical industry to ramp up production. As a result, the need for efficient vaccine storage solutions has never been more crucial, leading to substantial growth in the vaccine storage equipment market.

Vaccines are vital tools in preventing and controlling infectious diseases, but their efficacy heavily depends on proper storage and handling. Inadequate storage conditions can render vaccines ineffective, compromising public health efforts. Therefore, the surge in vaccine production has created a parallel demand for advanced vaccine storage equipment to ensure the integrity of these life-saving drugs. The vaccine storage equipment market encompasses a wide range of products, including refrigerators, freezers, cold storage rooms, and temperature monitoring systems. These solutions are designed to maintain vaccines within the recommended temperature range, typically between 2°C to 8°C for most vaccines, although some vaccines may require even stricter conditions.

The most significant factor driving the demand for vaccine storage equipment is the surge in vaccine production. With the emergence of new diseases and the ongoing fight against existing ones like COVID-19, the pharmaceutical industry is operating at full capacity to manufacture vaccines on an unprecedented scale. This has led to a substantial need for specialized storage solutions to maintain vaccine efficacy. Regulatory bodies worldwide have set stringent guidelines for vaccine storage and distribution. These guidelines mandate the use of temperature-controlled storage equipment to ensure vaccine potency. Compliance with these regulations has become a top priority for healthcare providers, bolstering the demand for vaccine storage solutions.

Increased Investment in Healthcare Infrastructure is Driving the Global Vaccine Storage Equipment Market

The global vaccine storage equipment market is witnessing remarkable growth due to increased investments in healthcare infrastructure worldwide. The COVID-19 pandemic exposed the critical importance of robust vaccine storage systems, and governments and healthcare organizations around the world have responded by allocating significant resources to upgrade and expand their vaccine storage capabilities. This surge in investment has not only accelerated the development and adoption of advanced vaccine storage equipment but has also paved the way for a more resilient and efficient healthcare infrastructure.

Mass vaccination campaigns against COVID-19 necessitated the rapid expansion of vaccine storage capacity. Governments and healthcare organizations had to quickly procure, install, and maintain vaccine storage equipment to support vaccination efforts. This resulted in a substantial demand for specialized storage solutions. Governments around the world have allocated substantial funds to bolster healthcare infrastructure, including vaccine storage facilities. These investments aim to ensure that healthcare systems are better prepared to handle future pandemics and other public health emergencies. The importance of vaccine storage has gained significant public and institutional awareness due to the pandemic. This increased awareness has further fueled investments in vaccine storage equipment as a vital component of healthcare infrastructure.

The global vaccine storage equipment market is experiencing rapid growth as a result of increased investments. Market players are developing innovative solutions to meet the growing demand for advanced storage systems. These solutions include refrigerators, freezers, cold chain containers, and temperature monitoring devices. Furthermore, pharmaceutical companies, research institutions, and healthcare providers are collaborating to develop more efficient and reliable vaccine storage solutions.


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Key Market Challenges

Temperature Sensitivity

One of the most critical challenges in vaccine storage is maintaining the proper temperature throughout the supply chain. Vaccines are highly temperature-sensitive, and even slight deviations from recommended storage conditions can render them ineffective. Ensuring the integrity of vaccines from the manufacturer to the end-user is a complex task, especially in regions with inadequate infrastructure and extreme climatic conditions. To address this challenge, vaccine storage equipment manufacturers are developing advanced refrigeration technologies with precise temperature control and monitoring. These innovations, including temperature mapping and remote monitoring systems, help maintain vaccine efficacy and reduce wastage.

Infrastructure Gaps

Many regions, especially in low- and middle-income countries, face infrastructure gaps when it comes to vaccine storage. This includes unreliable power sources, inadequate cold storage facilities, and a lack of trained personnel. These gaps can compromise the quality and availability of vaccines, hindering global vaccination efforts. International organizations, governments, and non-profit organizations are actively working to bridge these infrastructure gaps by providing funding, training, and support for the establishment of robust vaccine storage systems. Solar-powered refrigeration systems and portable vaccine storage units are also being introduced to address electricity shortages and enhance accessibility in remote areas.

Vaccine Equity

Ensuring equitable access to vaccines is a top priority, but disparities in vaccine distribution can hinder this goal. High-income countries often have better access to advanced vaccine storage equipment, while low-income countries may struggle to procure even basic refrigeration units. This imbalance can exacerbate health inequalities on a global scale. To promote vaccine equity, governments and international organizations are working to secure funding for affordable vaccine storage solutions tailored to the needs of resource-limited settings. Partnerships between governments, NGOs, and the private sector are essential in driving initiatives that promote equal access to effective vaccine storage.

Regulatory Compliance

Stringent regulations and guidelines govern vaccine storage to guarantee safety and efficacy. Manufacturers and healthcare facilities must adhere to these regulations, which can vary from country to country. Complying with complex regulatory frameworks can be challenging, especially for smaller players in the vaccine storage equipment market. Industry stakeholders are investing in research and development to create user-friendly equipment that meets the evolving regulatory requirements. Additionally, collaboration with regulatory bodies is crucial to streamline approval processes and ensure that all equipment complies with global standards..

Technological Advancements

While technological advancements can improve vaccine storage, they also pose challenges. Rapid changes in technology can lead to equipment obsolescence, making it challenging for healthcare facilities to keep up with the latest innovations. This can result in financial strain and difficulties in maintaining a consistent cold chain. To address this issue, manufacturers are focusing on creating modular and upgradable systems. This approach allows healthcare facilities to adapt their equipment to changing requirements without the need for frequent replacements, reducing long-term costs.

Key Market Trends

Technological Advancements

The global vaccine storage equipment market has witnessed a significant upsurge in recent years, thanks to the relentless pace of technological advancements. These innovations have not only revolutionized the way vaccines are stored but have also played a pivotal role in maintaining the efficacy and safety of life-saving vaccines. As the world continues to grapple with various health crises, the demand for reliable and state-of-the-art vaccine storage solutions has never been higher.

Modern vaccine storage equipment is equipped with advanced temperature monitoring and control systems. These systems use sensors and data loggers to continuously monitor temperature levels inside storage units. If the temperature deviates from the recommended range, alarms are triggered, alerting healthcare providers to take immediate action. This real-time monitoring ensures that vaccines remain at the optimal temperature, reducing the risk of spoilage. Energy-efficient cooling systems have become a hallmark of advanced vaccine storage equipment. These systems not only maintain precise temperature control but also consume less energy, resulting in cost savings for healthcare facilities. They also contribute to reducing the carbon footprint, aligning with global sustainability goals.

Radio-frequency identification (RFID) technology has transformed vaccine inventory management. RFID tags and readers allow healthcare providers to track vaccine doses in real-time, ensuring that vaccines are used before their expiration date. This technology helps reduce vaccine wastage and improves the overall efficiency of vaccination programs. Internet of Things (IoT) connectivity has enabled remote monitoring of vaccine storage equipment. Healthcare providers can access temperature data and equipment status remotely, which is especially valuable for large-scale vaccination campaigns and facilities with multiple storage units. This remote monitoring capability ensures prompt response to any temperature fluctuations.

Technological advancements have also enhanced the security of vaccine storage equipment. Biometric access control, tamper-evident seals, and security cameras help safeguard vaccines from unauthorized access and theft, ensuring their integrity and safety.

Technological advancements in vaccine storage equipment have become the backbone of effective immunization programs worldwide. These innovations ensure the integrity, safety, and efficacy of vaccines, ultimately saving lives and contributing to public health. As healthcare systems continue to evolve and adapt to emerging challenges, the global vaccine storage equipment market will remain a critical component of our collective efforts to combat infectious diseases and safeguard global health. With ongoing research and development, we can expect further innovations that will continue to drive this market's growth and impact positively on public health outcomes.

Segmental Insights

Product Insights

Based on the category of product, the Refrigerator emerged as the dominant player in the global market for Vaccine Storage Equipment in 2022. Refrigerators have long been associated with food preservation, but in recent years, they have become an indispensable part of the healthcare landscape. Refrigerators offer precise temperature control, crucial for maintaining the required cold chain conditions for vaccines. Modern vaccine refrigerators are equipped with advanced temperature monitoring and alarm systems to ensure vaccines remain within the specified temperature range. Refrigerators are versatile and can accommodate a wide range of vaccines and pharmaceuticals. They come in various sizes and configurations, making it easier for healthcare facilities to choose a solution that suits their specific needs. As sustainability and energy conservation become more significant concerns, vaccine storage equipment manufacturers have been developing energy-efficient refrigerators. These appliances are not only environmentally friendly but also cost-effective for healthcare institutions. Refrigerators have a proven track record of reliability and durability. They are built to withstand the demands of daily use in healthcare settings, providing healthcare professionals with peace of mind.

Type Insights

The Refrigerated Storage segment is projected to experience rapid growth during the forecast period. Refrigerated storage solutions, including refrigerators and freezers, have emerged as the backbone of vaccine storage infrastructure for several compelling reasons. Refrigerated storage units are known for their reliability and consistency in maintaining temperature levels. Modern vaccine storage equipment often includes temperature monitoring and alarm systems to ensure any deviations are promptly addressed, minimizing the risk of vaccine spoilage. Refrigerated storage solutions come in various sizes and configurations, making them suitable for different healthcare settings, from small clinics to large hospitals. They are also adaptable for storing different types of vaccines, including live attenuated, inactivated, and mRNA vaccines. Many regulatory bodies, including the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC), provide specific guidelines for vaccine storage and recommend the use of refrigerated storage equipment to maintain quality and safety standards.


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Regional Insights

North America emerged as the dominant player in the global Vaccine Storage Equipment market in 2022, holding the largest market share in terms of value. North America has consistently been at the forefront of technological innovations in vaccine storage equipment. The region's robust research and development capabilities have resulted in the creation of cutting-edge storage solutions that are both efficient and reliable. These advancements enable healthcare providers to store vaccines under optimal conditions, ensuring their potency North America has stringent regulatory standards for vaccine storage, necessitating the use of high-quality equipment to meet these requirements. Manufacturers in the region are well-versed in adhering to these standards, ensuring that their products are compliant with local and international regulations. This compliance gives North American vaccine storage equipment a competitive edge in the global market.

Recent Developments

  • In March 2023, UNICEF acquired 26 walk-in cold storage units for 20 regions in Ukraine, including those located at the central government storage facilities.
  • In November 2022, Voltas Limited initiated the development, production, sales, and servicing of medical refrigeration and vaccine storage equipment under a technology licensing arrangement with Vestfrost Solutions. Voltas Limited will be responsible for manufacturing vaccine storage equipment, encompassing ice-lined refrigerators, vaccine freezers, and ultra-low temperature freezers, specifically targeting the Indian market. Vestfrost Solutions contributed its research and development expertise, manufacturing capabilities, diverse product portfolio, and global sourcing capabilities. These products are designed to meet the needs of the medical industry, and this collaboration will make effective use of Voltas' established brand presence, as well as its robust sales and distribution network.

Key Market Players

  • American Biotech Supply
  • Arctiko A/S
  • Eppendorf AG
  • Evermed S.R.L.
  • Haier Biomedical
  • Helmer Scientific
  • Labcold
  • Panasonic Healthcare Co., Ltd
  • Philips Kirsch Gmbh
  • Thermo Fisher Scientific, Inc.

By Product

By Type

By End user

By Region
  • Cold Boxes
  • Consumables & Accessories
  • Foam Pads
  • Freezer
  • Monitoring Device
  • Refrigerator Vaccine Carriers
  • Refrigerated Storage
  • Refrigerated Transport
  • Distributor & Logistics
  • Hospitals & Medical Institutes
  • Retailer
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Vaccine Storage Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Vaccine Storage Equipment Market, By Product:

o   Cold Boxes

o   Consumables & Accessories

o   Foam Pads

o   Freezer

o   Monitoring Device

o   Refrigerator Vaccine Carriers

  • Vaccine Storage Equipment Market, By Type:

o   Refrigerated Storage

o   Refrigerated Transport

  • Vaccine Storage Equipment Market, By End user:

o   Distributor & Logistics

o   Hospitals & Medical Institutes

o   Retailer

  • Vaccine Storage Equipment Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vaccine Storage Equipment Market.

Available Customizations:

Global Vaccine Storage Equipment market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Vaccine Storage Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Vaccine Storage Equipment Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product (Cold Boxes, Consumables & Accessories, Foam Pads, Freezer(Low-Temperature Freezers, Ultra-low Temperature Freezers), Monitoring Device, Refrigerator(Large Capacity, Small Capacity), Vaccine Carriers)

5.2.2.    By Type (Refrigerated Storage, Refrigerated Transport)

5.2.3.    By End user (Distributor & Logistics, Hospitals & Medical Institutes, Retailer)

5.2.4.    By Region

5.2.5.    By Company (Shares of Top 5 Market Players)

5.3.  Market Map

5.3.1.    By Product

5.3.2.    By Type

5.3.3.    By End user

5.3.4.    By Region

6.    North America Vaccine Storage Equipment Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product

6.2.2.    By Type

6.2.3.    By End user

6.2.4.    By Country

6.2.4.1.        United States Vaccine Storage Equipment Market Outlook

6.2.4.1.1.           Market Size & Forecast        

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Product

6.2.4.1.2.2.               By Type

6.2.4.1.2.3.               By End user

6.2.4.2.        Canada Vaccine Storage Equipment Market Outlook

6.2.4.2.1.           Market Size & Forecast        

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Product

6.2.4.2.2.2.               By Type

6.2.4.2.2.3.               By End user

6.2.4.3.        Mexico Vaccine Storage Equipment Market Outlook

6.2.4.3.1.           Market Size & Forecast        

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Product

6.2.4.3.2.2.               By Type

6.2.4.3.2.3.               By End user

7.    Europe Vaccine Storage Equipment Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Type

7.2.3.    By End user

7.2.4.    By Country

7.2.4.1.        France Vaccine Storage Equipment Market Outlook

7.2.4.1.1.           Market Size & Forecast        

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Product

7.2.4.1.2.2.               By End user

7.2.4.1.2.3.               By Type

7.2.4.2.        Germany Vaccine Storage Equipment Market Outlook

7.2.4.2.1.           Market Size & Forecast        

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Product

7.2.4.2.2.2.               By Type

7.2.4.2.2.3.               By End user

7.2.4.3.        United Kingdom Vaccine Storage Equipment Market Outlook

7.2.4.3.1.           Market Size & Forecast        

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Product

7.2.4.3.2.2.               By Type

7.2.4.3.2.3.               By End user

7.2.4.4.        Italy Vaccine Storage Equipment Market Outlook

7.2.4.4.1.           Market Size & Forecast        

7.2.4.4.1.1.               By Value

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Product

7.2.4.4.2.2.               By Type

7.2.4.4.2.3.               By End user

7.2.4.5.        Spain Vaccine Storage Equipment Market Outlook

7.2.4.5.1.           Market Size & Forecast        

7.2.4.5.1.1.               By Value

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Product

7.2.4.5.2.2.               By Type

7.2.4.5.2.3.               By End user

8.    Asia Pacific Vaccine Storage Equipment Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Type

8.2.3.    By End user

8.2.4.    By Country

8.2.4.1.        China Vaccine Storage Equipment Market Outlook

8.2.4.1.1.           Market Size & Forecast        

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Product

8.2.4.1.2.2.               By Type

8.2.4.1.2.3.               By End user

8.2.4.2.        India Vaccine Storage Equipment Market Outlook

8.2.4.2.1.           Market Size & Forecast        

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Product

8.2.4.2.2.2.               By Type

8.2.4.2.2.3.               By End user

8.2.4.3.        South Korea Vaccine Storage Equipment Market Outlook

8.2.4.3.1.           Market Size & Forecast        

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Product

8.2.4.3.2.2.               By Type

8.2.4.3.2.3.               By End user

8.2.4.4.        Japan Vaccine Storage Equipment Market Outlook

8.2.4.4.1.           Market Size & Forecast        

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Product

8.2.4.4.2.2.               By Type

8.2.4.4.2.3.               By End user

8.2.4.5.        Australia Vaccine Storage Equipment Market Outlook

8.2.4.5.1.           Market Size & Forecast        

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Product

8.2.4.5.2.2.               By Type

8.2.4.5.2.3.               By End user

9.    South America Vaccine Storage Equipment Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Type

9.2.3.    By End user

9.2.4.    By Country

9.2.4.1.        Brazil Vaccine Storage Equipment Market Outlook

9.2.4.1.1.           Market Size & Forecast        

9.2.4.1.1.1.               By Value

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Product

9.2.4.1.2.2.               By Type

9.2.4.1.2.3.               By End user

9.2.4.2.        Argentina Vaccine Storage Equipment Market Outlook

9.2.4.2.1.           Market Size & Forecast        

9.2.4.2.1.1.               By Value

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Product

9.2.4.2.2.2.               By Type

9.2.4.2.2.3.               By End user

9.2.4.3.        Colombia Vaccine Storage Equipment Market Outlook

9.2.4.3.1.           Market Size & Forecast        

9.2.4.3.1.1.               By Value

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Product

9.2.4.3.2.2.               By Type

9.2.4.3.2.3.               By End user

10. Middle East & Africa Vaccine Storage Equipment Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product

10.2.2. By Type

10.2.3. By End user

10.2.4. By Country

10.2.4.1.     South Africa Vaccine Storage Equipment Market Outlook

10.2.4.1.1.         Market Size & Forecast        

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Product

10.2.4.1.2.2.            By Type

10.2.4.1.2.3.            By End user

10.2.4.2.     Saudi Arabia Vaccine Storage Equipment Market Outlook

10.2.4.2.1.         Market Size & Forecast        

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Product

10.2.4.2.2.2.            By Type

10.2.4.2.2.3.            By End user

10.2.4.3.     UAE Vaccine Storage Equipment Market Outlook

10.2.4.3.1.         Market Size & Forecast        

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Product

10.2.4.3.2.2.            By Type

10.2.4.3.2.3.            By End user

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Competitive Landscape

13.1.   American Biotech Supply

13.1.1. Business Overview

13.1.2. Type Offerings

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. SWOT Analysis

13.2.   Arctiko A/S

13.3.   Eppendorf AG

13.4.   Evermed S.R.L.

13.5.   Haier Biomedical

13.6.   Helmer Scientific

13.7.   Labcold

13.8.   Panasonic Healthcare Co., Ltd

13.9.   Philips Kirsch Gmbh

13.10.Thermo Fisher Scientific, Inc.

14.  Strategic Recommendations

15. About us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Vaccine Storage Equipment Market was estimated to be USD 987.33 million in 2022.

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Proper storage ensures that vaccines remain effective. vaccines contain fragile molecules, such as proteins and genetic material, that can degrade when exposed to extreme temperatures. if vaccines are not stored within the recommended temperature range, their potency can be compromised, rendering them less effective or even ineffective.

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American Biotech Supply, Arctiko A/S, Eppendorf AG, Evermed S.R.L., Haier Biomedical, Helmer Scientific, Labcold, Panasonic Healthcare Co., Ltd, Philips Kirsch Gmbh, Thermo Fisher Scientific, Inc.are the top players operating in the Global Vaccine Storage Equipment Market in 2022.

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Rising vaccine production and increased investment in healthcare infrastructure are the major drivers for the Global Vaccine Storage Equipment Market.

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Sakshi Bajaal

Business Consultant
Press Release

Vaccine Storage Equipment Market to Grow with a CAGR of 5.36% through 2028

Oct, 2023

Rising vaccine production and increased investment in healthcare infrastructure are factors driving the global Vaccine Storage Equipment market in the forecast period 2024-2028.

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