Global Vaccine Storage Equipment Market
The global vaccines storage equipment market is expected to reach USD 1.83 Billion by 2027 from USD 0.98 Billion in 2020, growing at a CAGR of 10.6% from 2020 to 2027.
Vaccine storage equipment is laboratory equipment that is used to keep vaccines in the best possible condition and prevent them from degrading. Minor temperature fluctuations have negative effects on patients who are being immunised, so maintaining vaccines at the required temperature is critical and one of the major challenges faced by health care facilities. Vaccine storage equipment can be used at temperatures ranging from -86°C to 65°C and comes in a variety of capacities to meet the needs of the end-user. Biotechnology companies, blood banks, hospitals and medical laboratories, pharmacy stores, and other health-care institutions all use vaccine storage equipment.
Drivers: Innovative advancements in coolers and coolers used for vaccine storage and transportation are expected to drive the global vaccine storage equipment market. Driving organisations have shown a strong interest in pioneering work to address the unmet clinical needs for vaccine storage and transportation in medical offices. Furthermore, there has been a significant increase in the occurrence of irresistible diseases, particularly in non-industrialized countries, as well as a high prevalence of irresistible infections around the world.
Restraints: The high cost of cold storage equipment and strict vaccine storage regulations are expected to stifle the vaccine storage equipment market's growth.
Impact of Covid-19
The World Health Organization declared a global pandemic due to corona virus disease on March 11, 2020 – 19 days later (COVID-19). The pandemic sparked a race among major pharmaceutical companies and research institutes to develop a vaccine as soon as possible. The United Kingdom approved covid-19 vaccines co-developed by Pfizer, Inc. (US) and BioNTech on December 2, 2020. Few other COVID-19 vaccines have been approved for emergency use since then. In addition, at least 7.7 billion vaccine doses have been purchased, with another 3.9 billion reserved by a number of countries and regions (Duke Global Health Innovation Center). Due to the large volume deliveries required in a short period of time, vaccine storage equipment is expected to be in high demand around the world.
Segmentation by Product: Global Vaccine Storage Equipment Market is classified on the basis of Product into Refrigerator, Freezer, and Other Equipment.
Segmentation by Type: Global Vaccine Storage Equipment Market is classified on the basis of Type into Refrigerated Storage and Refrigerated Transport.
Segmentation by End-User: Global Vaccine Storage Equipment Market is classified on the basis of End-User into Retailers, Distributors, Clearing and Forwarding Agents, and Others.
Segmentation by Region: Global Vaccine Storage Equipment Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: Thermo Fischer Scientific (U.S.), PANASONIC HEALTHCARE CO.,LTD (Japan), American Biotech Supply (U.S.), Arctiko A/S (Denmark), Eppendorf AG (Germany), EVERmed Srl (Italy), Haier AE (Japan), Helmer Scientific (U.S.), Philipp Kirsch GmbH (Germany).
Industrial Development
Market Taxonomy
By Product
By Type
By End User
Global Vaccine Storage Equipment Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3. Executive Summary
4. Global Vaccine Storage Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Vaccine Storage Equipment Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.3 Global Vaccine Storage Equipment Market Size and Forecast, By Product
5.3.1 Refrigerator
5.3.2 Freezer
5.3.3 Other Equipment
6. Global Vaccine Storage Equipment Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Vaccine Storage Equipment Market Share Analysis, By Type
6.3 Global Vaccine Storage Equipment Market Size and Forecast, By Type
6.3.1 Refrigerated Storage
6.3.2 Refrigerated Transport
7. Global Vaccine Storage Equipment Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Vaccine Storage Equipment Market Share Analysis, By End User
7.3.1 Retailers
7.3.2 Distributors
7.3.3 Clearing and Forwarding Agents
7.3.4 Others
8. Global Vaccine Storage Equipment Market, By Region
8.1 Global Vaccine Storage Equipment Market Share Analysis, By Region
8.2 Global Vaccine Storage Equipment Market Size and Forecast, By Region
8.2 Global Vaccine Storage Equipment Market Size and Forecast, By Region
9. North America Vaccine Storage Equipment Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Vaccine Storage Equipment Market Share Analysis, By Product
9.3 North America Vaccine Storage Equipment Market Size and Forecast, By Type
9.4 North America Vaccine Storage Equipment Market Size and Forecast, By End User
9.5 North America Vaccine Storage Equipment Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Vaccine Storage Equipment Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Vaccine Storage Equipment Market Share Analysis, By Product
10.3 Europe Vaccine Storage Equipment Market Size and Forecast, By Type
10.4 Europe Vaccine Storage Equipment Market Size and Forecast, By End User
10.5 Europe Vaccine Storage Equipment Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe (Russia, Spain, Finland, Denmark, Italy, Greece, and Sweden)
11. Asia Pacific Vaccine Storage Equipment Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Vaccine Storage Equipment Market Share Analysis, By Product
11.3 Asia Pacific Vaccine Storage Equipment Market Size and Forecast, By Type
11.4 Asia Pacific Vaccine Storage Equipment Market Size and Forecast, By End User
11.5 Asia Pacific Vaccine Storage Equipment Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific (Hong Kong, Australia, Singapore, New Zealand, Indonesia, Malaysia, and Taiwan)
12 Latin America Vaccine Storage Equipment Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Vaccine Storage Equipment Market Share Analysis, By Product
12.3 Latin America Vaccine Storage Equipment Market Size and Forecast, By Type
12.4 Latin America Vaccine Storage Equipment Market Size and Forecast, By End User
12.5 Latin America Vaccine Storage Equipment Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Vaccine Storage Equipment Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Vaccine Storage Equipment Market Share Analysis, By Product
12.3 Middle East Vaccine Storage Equipment Market Size and Forecast, By Type
13.4 Middle East Vaccine Storage Equipment Market Size and Forecast, By End User
13.5 Middle East Vaccine Storage Equipment Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Thermo Fischer Scientific (U.S.)
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 PANASONIC HEALTHCARE CO.,LTD (Japan)
1.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. American Biotech Supply (U.S.)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Arctiko A/S (Denmark)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Eppendorf AG (Germany)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Helmer Scientific (U.S.)
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Philipp Kirsch GmbH (Germany)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
