Vaccines Storage Equipment Market Cover Page

Global Vaccines Storage Equipment Market By Type (Portable, Non-Portable Equipment), By Product (Refrigerators, Freezers, Other Equipment), By End-user (Biopharmaceutical Companies, Hospitals, Medical Laboratories, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: HC-20
  • Author: Growth Market Reports
  • Rating: 4.2
  • Total Reviews: 67
  • No. Of Pages: 181
  • Format:
  • Pub. Date: 2020-07-09
  • Share:

Market Outlook

The global Vaccines Storage Equipment market was valued at USD 932.1 Million in 2019 and is projected to reach USD 2,802.1 Million by 2027, expanding at a CAGR of 15.4% during the forecast period. Myopia is a medical condition, associated with the blurring of vision. Vaccines Storage Equipment is designed for the storage of vaccine. The Vaccines Storage Equipment are refrigerators designed to store vaccines and other medical products at a controlled and stable temperatures to prevent degradation. Vaccines Storage Equipment and handling practices are essential for protecting individuals and communities from vaccine-preventable diseases. The market is driven by factors such as growing focus on immunization programs, increasing awareness among consumers for vaccines, and rising investment in research & development.

Vaccines Storage Equipment Market Size

Vaccines exposed to temperatures outside the ranges may not be effective. Doses are repeated to increase the potency of the vaccines. Errors in the handling of the vaccines result in the loss of potency. Vaccine management, which consist of storage and handling procedures, follows guidelines. Vaccines need to be stored in a cool place from the time they are manufactured until they are administered. A proper cold chain is a temperature-controlled supply chain that includes all equipment and procedures used in the transport, storage, and handling of vaccines from the time they’re manufactured to time they are administered.

Vaccines are sensitive to temperature. They need to be maintained at temperature recommended by vaccine manufacturers and protected from light. Several live virus vaccines are stored at freezing temperatures, as vaccines deteriorate at a rapid rate after they are removed from the storage. Inactivated vaccines can be damaged by the exposure to temperature fluctuations (extreme heat or freezing temperatures). Potency can be adversely affected if vaccines are left out too long or exposed to multiple temperature excursions (out-of-range temperatures) that can have a cumulative negative effect. Rise in the prevalence of infectious and chronic diseases has led to the rise in the demand for new vaccines, which in turn, boosts the demand for Vaccines Storage Equipment.

History of Vaccines Storage Equipment

In 1974, the World Health Organization (WHO) established the Expanded Program on Immunization (EPI). Dr. Rafae Henderson was the director designed the methods for the storage of the vaccines. The vaccines are sensitive to temperatures; therefore, WHO built capacity storages for vaccines by developing technologies, systems, and established guidelines for the vaccine cold chains.

Challenges in the transportation of vaccine:

  • An absence of systems to monitor the temperature of the sensitive vaccines

  • An absence of appropriate equipment to store and transport vaccines

  • An insufficient number of trained staff to handle vaccines

Rise in the prevalence of infectious and chronic diseases has led to the rise in the demand for the introduction of new vaccines, which in turn, boosts the global viral clearance market. Increase in investments in R&D fuels the demand for vaccines. Several companies have introduced several vaccines to treat infectious disease, which increases the requirement for research and development (R&D). Rise in urbanization has led to the adoption of sedentary lifestyle. This has increased the prevalence of infectious diseases worldwide. According to the Center for Disease Control (CDC), 45% of people in the US have infectious diseases. The growth in infectious diseases has led to the rise in the demand for vaccines, thereby propelling the demand for Vaccines Storage Equipment.

Market Dynamics

The market is driven by factors such as increasing investment in research & development, growing awareness among consumers for vaccines, and rising focus on immunization programs. Conversely, lack of information and unavailability of vaccines in rural areas and high cost of vaccine development are key restraints of this market. Growing opportunities for vaccine manufacturers and technological development in preservation of vaccines by government are boosting the market.

Segmental Outlook

On the basis of types, the market is bifurcated into portable and non-portable equipment. The portable segment accounted for 43.3% share of the market in 2019. Several consumers are adopting portable equipment for the transportation of vaccines, as they are more convenient in storing the vaccines, thus boosting segment growth.

Vaccines Storage Equipment Market BPS Analysis

In terms of products, the Vaccines Storage Equipment market is segregated into refrigerators, freezers, and other equipment. The refrigerator segment is anticipated to expand at a significant CAGR of 15.8% during the forecast period. The ease of purchasing refrigerators and their convenience by end-users for the storage of vaccines are boosting the growth of the segment.

Vaccines Storage Equipment Market Share

In terms of end-users, the Vaccines Storage Equipment market is classified as biopharmaceutical companies, hospitals, medical laboratories, and others. The medical laboratories segment is anticipated to expand at a significant CAGR of 14.8% during the forecast period, as institutes are extensively focusing on developing new therapies and treatments for diseases by carrying clinical trials on numerous drugs and molecules. 

Regional Outlook

In terms of regions, the global Vaccines Storage Equipment market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constituted market share of 23.2% in 2020. The market in the regions is projected to expand at a CAGR of 16.0% during the forecast period. Increasing prevalence of infectious diseases has led to the rise in the demand for Vaccines Storage Equipment, thereby boosting the growth of the Vaccines Storage Equipment in Asia Pacific.

Vaccines Storage Equipment Market By Region

Competitive Landscape

  • Key players in the market include Thermo Fisher Scientific, Inc., PHC Corporation, Godrej, Haier Biomedical, Eppendorf AG, and Helmer Scientific Inc. These companies are considered manufacturers of Vaccines Storage Equipment based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.

  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Vaccines Storage Equipment extraction is added in the company’s capacity.

  • For instance, On June 9, 2020, Haier Biomedical installed a number of fridges and low temperature freezers to provide additional cold storage space for Cryoniss in Runcorn. Cryoniss offers a comprehensive storage service for ambient, +4°C, -20°C, -80°C biological samples, and liquid nitrogen phase vapour.

  •  In October 2019, Helmer Scientific Inc. introduced the first medical-grade refrigerators GX Refrigerator. The GX Refrigerator provides advanced temperature control, noise reduction, and energy management. GX Refrigerator Solutions, operated by OptiCool cooling technology, incorporates a variable capacity compressor (VCC) and natural hydrocarbon refrigerants to achieve superior storage environment while promoting sustainability initiatives.

Vaccines Storage Equipment Market By Share


Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Vaccines Storage Equipment Market

  • Historical, Current and Projected Market Size in terms of Value

  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

  • Industry Drivers, Restraints and Opportunities Covered in the Study

  • Recent Industry Trends and Developments

  • Competitive Landscape & Strategies of Key Players

  • Neutral Perspective on Global Vaccines Storage Equipment Market Performance

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vaccines Storage Equipment Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Vaccines Storage Equipment Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Vaccines Storage Equipment Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Vaccines Storage Equipment Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Vaccines Storage Equipment Market Size & Forecast, 2017-2027
      4.5.1 Vaccines Storage Equipment Market Size and Y-o-Y Growth
      4.5.2 Vaccines Storage Equipment Market Absolute $ Opportunity
Chapter 5 Global Vaccines Storage Equipment Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Vaccines Storage Equipment Market Size Forecast By Type
      5.2.1  Portable Equipment
      5.2.2 Non-portable Equipment
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Vaccines Storage Equipment Market Analysis and Forecast By Product
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Product
      6.1.2 Basis Point Share (BPS) Analysis By Product
      6.1.3 Absolute $ Opportunity Assessment By Product
   6.2 Vaccines Storage Equipment Market Size Forecast By Product
      6.2.1 Refrigerators
      6.2.2 Freezers
      6.2.3 Other Equipment
   6.3 Market Attractiveness Analysis By Product
Chapter 7 Global Vaccines Storage Equipment Market Analysis and Forecast By End-user
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By End-user
      7.1.2 Basis Point Share (BPS) Analysis By End-user
      7.1.3 Absolute $ Opportunity Assessment By End-user
   7.2 Vaccines Storage Equipment Market Size Forecast By End-user
      7.2.1 Biopharmaceutical Companies
      7.2.2 Hospitals
      7.2.3 Medical Laboratories
      7.2.4 Others 
   7.3 Market Attractiveness Analysis By End-user
Chapter 8 Global Vaccines Storage Equipment Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Vaccines Storage Equipment Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Vaccines Storage Equipment Analysis and Forecast
   10.1 Introduction
   10.2 North America Vaccines Storage Equipment Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Vaccines Storage Equipment Market Size Forecast By Type
      10.6.1  Portable Equipment
      10.6.2 Non-portable Equipment
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Vaccines Storage Equipment Market Size Forecast By Product
      10.10.1 Refrigerators
      10.10.2 Freezers
      10.10.3 Other Equipment
   10.11 Basis Point Share (BPS) Analysis By Product
   10.12 Absolute $ Opportunity Assessment By Product
   10.13 Market Attractiveness Analysis By Product
   10.14 North America Vaccines Storage Equipment Market Size Forecast By End-user
      10.14.1 Biopharmaceutical Companies
      10.14.2 Hospitals
      10.14.3 Medical Laboratories
      10.14.4 Others 
   10.15 Basis Point Share (BPS) Analysis By End-user
   10.16 Absolute $ Opportunity Assessment By End-user
   10.17 Market Attractiveness Analysis By End-user
Chapter 11 Europe Vaccines Storage Equipment Analysis and Forecast
   11.1 Introduction
   11.2 Europe Vaccines Storage Equipment Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Vaccines Storage Equipment Market Size Forecast By Type
      11.6.1  Portable Equipment
      11.6.2 Non-portable Equipment
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Vaccines Storage Equipment Market Size Forecast By Product
      11.10.1 Refrigerators
      11.10.2 Freezers
      11.10.3 Other Equipment
   11.11 Basis Point Share (BPS) Analysis By Product
   11.12 Absolute $ Opportunity Assessment By Product
   11.13 Market Attractiveness Analysis By Product
   11.14 Europe Vaccines Storage Equipment Market Size Forecast By End-user
      11.14.1 Biopharmaceutical Companies
      11.14.2 Hospitals
      11.14.3 Medical Laboratories
      11.14.4 Others 
   11.15 Basis Point Share (BPS) Analysis By End-user
   11.16 Absolute $ Opportunity Assessment By End-user
   11.17 Market Attractiveness Analysis By End-user
Chapter 12 Asia Pacific Vaccines Storage Equipment Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Vaccines Storage Equipment Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Vaccines Storage Equipment Market Size Forecast By Type
      12.6.1  Portable Equipment
      12.6.2 Non-portable Equipment
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Vaccines Storage Equipment Market Size Forecast By Product
      12.10.1 Refrigerators
      12.10.2 Freezers
      12.10.3 Other Equipment
   12.11 Basis Point Share (BPS) Analysis By Product
   12.12 Absolute $ Opportunity Assessment By Product
   12.13 Market Attractiveness Analysis By Product
   12.14 Asia Pacific Vaccines Storage Equipment Market Size Forecast By End-user
      12.14.1 Biopharmaceutical Companies
      12.14.2 Hospitals
      12.14.3 Medical Laboratories
      12.14.4 Others 
   12.15 Basis Point Share (BPS) Analysis By End-user
   12.16 Absolute $ Opportunity Assessment By End-user
   12.17 Market Attractiveness Analysis By End-user
Chapter 13 Latin America Vaccines Storage Equipment Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Vaccines Storage Equipment Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Vaccines Storage Equipment Market Size Forecast By Type
      13.6.1  Portable Equipment
      13.6.2 Non-portable Equipment
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Vaccines Storage Equipment Market Size Forecast By Product
      13.10.1 Refrigerators
      13.10.2 Freezers
      13.10.3 Other Equipment
   13.11 Basis Point Share (BPS) Analysis By Product
   13.12 Absolute $ Opportunity Assessment By Product
   13.13 Market Attractiveness Analysis By Product
   13.14 Latin America Vaccines Storage Equipment Market Size Forecast By End-user
      13.14.1 Biopharmaceutical Companies
      13.14.2 Hospitals
      13.14.3 Medical Laboratories
      13.14.4 Others 
   13.15 Basis Point Share (BPS) Analysis By End-user
   13.16 Absolute $ Opportunity Assessment By End-user
   13.17 Market Attractiveness Analysis By End-user
Chapter 14 Middle East & Africa (MEA) Vaccines Storage Equipment Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Vaccines Storage Equipment Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Vaccines Storage Equipment Market Size Forecast By Type
      14.6.1  Portable Equipment
      14.6.2 Non-portable Equipment
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Vaccines Storage Equipment Market Size Forecast By Product
      14.10.1 Refrigerators
      14.10.2 Freezers
      14.10.3 Other Equipment
   14.11 Basis Point Share (BPS) Analysis By Product
   14.12 Absolute $ Opportunity Assessment By Product
   14.13 Market Attractiveness Analysis By Product
   14.14 Middle East & Africa (MEA) Vaccines Storage Equipment Market Size Forecast By End-user
      14.14.1 Biopharmaceutical Companies
      14.14.2 Hospitals
      14.14.3 Medical Laboratories
      14.14.4 Others 
   14.15 Basis Point Share (BPS) Analysis By End-user
   14.16 Absolute $ Opportunity Assessment By End-user
   14.17 Market Attractiveness Analysis By End-user
Chapter 15 Competition Landscape
   15.1 Vaccines Storage Equipment Market: Competitive Dashboard
   15.2 Global Vaccines Storage Equipment Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Across International LLC
      15.3.2 Aegis Scientific, Inc.
      15.3.3 STANDEX
      15.3.4 Arctiko A/S
      15.3.5 B Medical Systems
      15.3.6 Eppendorf Ag
      15.3.7 Evermed S.R.L.
      15.3.8 Godrej
      15.3.9 Haier Biomedical
      15.3.10 Helmer Scientific
      15.3.11 Labcold
      15.3.12 PHC Corporation
      15.3.13 Philipp Kirsch GmbH
      15.3.14 Thermo Fisher Scientific, Inc.
      15.3.15 Vestfrost Solutions
Key Segments Covered
By Type
  • Portable Equipment
  • Non-portable Equipment
By Product
  • Refrigerators
  • Freezers
  • Other Equipment
By End-user
  • Biopharmaceutical Companies
  • Hospitals
  • Medical Laboratories
  • Others 
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA
Key Market Players Profiled in the Report
  • Across International LLC
  • AegisFridge
  • STANDEX
  • Arctiko
  • B Medical Systems
  • Eppendorf AG
  • EVERMED s.r.l.
  • Godrej
  • Haier Biomedical
  • Helmer Scientific Inc.
  • LABCOLD
  • PHC Corporation
  • Philipp Kirsch GmbH
  • Thermo Fisher Scientific, Inc.
  • Vestfrost Solutions

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report gives the flow chart and brief about the cold chain for vaccine storage.

Yes, the report covers product specific information such as refrigerator, freezer, etc.

According to this Growth Market Reports report, the market from Vaccines Storage Equipment is likely to register a CAGR of 15.4% during forecast period 2020-2027, with an anticipated valuation of US$ 2,802.1 million by the end of the 2027.

In addition to market size (in US$ Million) and Company Market Share (in % for base year 2019), other data such Check List for Vaccine Storage Units, Cold Chain Flow Chart for Vaccine Storage Units, and Handling a Temperature Excursion in Vaccine Storage Unit is available in final report.

The rising prevalence of infectious diseases, increasing demand for preservation of vaccines, rising government initiatives for introducing vaccines for prevention of infectious diseases are expected to drive the market growth during forecast period.

Hospitals, Biopharmaceutical companies, Medical laboratories are the key end-user that are driving the Vaccines Storage Equipment market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness increment of over 2.8% between 2019 and 2020 owing to the positive impact of COVID-19 pandemic on the Vaccines Storage Equipment market. The ongoing research of vaccine for COVID-19 string is expected to grow the production Vaccines Storage Equipment.

The base year considered for the global Vaccines Storage Equipment market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major Manufactures include, Thermo Fisher Scientific, Inc., PHC Corporation, Godrej, Haier Biomedical, Eppendorf AG, and Helmer Scientific Inc.