Vaccine Refrigerators Market- Global Industry Analysis and Forecast (2023-2029)

Vaccine Refrigerators Market size is expected to grow at a CAGR of 5.8% during the forecast period and the market size is expected to reach nearly US$ 347.56 Bn. by 2029. Vaccine Refrigerators MarketTo know about the Research Methodology :- Request Free Sample Report

Global Vaccine Refrigerators Market Dynamics

The Research Report gives an inclusive account of the drivers and restraints in the vaccine refrigerators market. Vaccines are one of the highest innovations of modern medicine, effectively eradicating deadly diseases such as smallpox and polio. But, for vaccines to work successfully, stern handling, transport, and storage procedures must be exactly followed. There are presently more than 271 vaccines for infectious diseases, cancer, neurological disorders, allergies, and other diseases in development. The introduction of so many new vaccines will require new thinking on the way vaccines are manufactured, stored, and delivered. For instance, several innovative vaccines are regularly in single or two-dose packages. While this helps to reduce the surplus, it also means that they require more cold chain space per dose. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Proper vaccine storage and handling are important factors in preventing and eradicating many common vaccine-preventable diseases. So far, every year, storage and handling errors result in the revaccination of many patients and major financial loss owing to wasted vaccines. Failure to store and handle vaccines appropriately can lessen vaccine potency, resulting in insufficient immune responses in patients and poor protection against disease. Vaccine refrigerators are used to store vaccines at the mandatory temperature and prevent them from degradation. Vaccines are highly temperature-sensitive and fluctuations in the storage temperature may lead to their degradation. Commercial refrigerators face the issue of temperature fluctuations that can expose vaccines. Vaccine refrigerators provide stable, ultra-low temperature designed specially to maintain the stability of vaccines. In developing countries, the electricity network frequently does not reach rural areas and is not always consistent. As keeping vaccines at the proper temperature is vital, solar-powered refrigerators are a cost-effective alternative that can be highly trustworthy. The unit provides extremely stable low temperatures to prevent degradation of vaccines and other products, together with options like alarms and backup power to provide complete protection. Furthermore, products with technological innovations like solar vaccine refrigerators are expected to offer growth prospects to the market soon. The vaccine refrigerators market is compelled by the upsurge in the number of infectious diseases, which has elevated the demand for vaccines. Developing research and development activities in institutes and government associations for the development of new vaccines have further improved the demand for vaccine refrigerators. An upsurge in funding by government organizations and wide R&D activities by pharmaceutical companies for new vaccine development are propelling the global vaccine refrigerators market. However, the high budget of vaccine refrigerators and the increasing trend of using renewed equipment are key hampering factors for the market.

Global Vaccine Refrigerators Market Segment analysis

Based on Type, the cold chain vaccine refrigerators segment is expected to grow at a CAGR of xx% during the forecast period. Vaccinations are amongst the most effective and cost-effective public health strategies worldwide. Though, their effectiveness depends on satisfactory vaccine storage conditions. Maintaining the cold chain, i.e. a temperature range of 2 °C to 8 °C, is vital to confirm vaccine effectiveness and tolerability. The need for more cold storage space presents a challenge in emerging countries where temperature-controlled storage units are in limited supply. The World Health Organization (WHO) estimates that reliance on the cold chain raises vaccine costs by up to 20% and poses a noteworthy barrier to patient access in many developing markets.

Global Vaccine Refrigerators Market Regional analysis

Rising research and development activities in academic and pharmaceutical sectors, growing consciousness about immunization programs, and high health care costs in the region are boosting the demand for vaccines in North America. This will create an optimistic impact on the vaccine refrigerators market in North America throughout the forecast period. The Asia Pacific is a quickly increasing market for vaccine refrigerators, owing to an expanding number of infectious diseases in the region and government initiatives to produce awareness concerning immunization programs to eradicate epidemic diseases. Technical advancements by the main vital players to provide lucrative solar vaccine refrigerators in emerging countries of Asia Pacific are thrusting the vaccine refrigerators market in the region. The objective of the report is to present a comprehensive analysis of the Global Vaccine Refrigerators Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Vaccine Refrigerators Market dynamics, structure by analysing the market segments and projects the Global Vaccine Refrigerators Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Vaccine Refrigerators Market make the report investor’s guide.

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Global Vaccine Refrigerators Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 234.22 Bn.
Forecast Period 2023 to 2029 CAGR: 5.8% Market Size in 2029: US $ 347.56 Bn.
Segments Covered: by Type Common Indoor Vaccine Refrigerators Cold Chain Vaccine Refrigerators
by Application Ноѕріtаlѕ Еріdеmіс Рrеvеntіоn Ѕtаtіоn

Global Vaccine Refrigerators Market, By Regions

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players operating the Global Vaccine Refrigerators Market

1. Panasonic 2. Dometic 3. Haier 4. Kirsch Medical 5. Helmer 6. SO-LOW 7. Follett 8. Standex 9. Thermo Fisher 10.Lec Medical 11.Dulas 12.Labcold 13.Vestfrost Solutions 14.B Medical Systems 15.Migali Scientific 16.Felix Storch 17.Indrel 18.SunDanzer 19.Sun Frost 20.Sure Chill 21.Shoreline Medical 22.Woodley Frequently Asked Questions: 1. Which region has the largest share in Global Vaccine Refrigerators Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Vaccine Refrigerators Market? Ans: The Global Market is growing at a CAGR of 5.8% during forecasting period 2023-2029. 3. What is scope of the Global market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Vaccine Refrigerators market? Ans: The important key players in the Global Market are – Panasonic, Dometic, Haier, Kirsch Medical, Helmer, SO-LOW, Follett, Standex, Thermo Fisher, Lec Medical, Dulas, Labcold, Vestfrost Solutions, B Medical Systems, Migali Scientific, Felix Storch, Indrel, SunDanzer, Sun Frost, Sure Chill, Shoreline Medical, and Woodley 5. What is the study period of this market? Ans: The Global Vaccine Refrigerators Market is studied from 2022 to 2029.
1. Vaccine Refrigerators Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Vaccine Refrigerators Market: Dynamics 2.1. Vaccine Refrigerators Market Trends by Region 2.1.1. North America Vaccine Refrigerators Market Trends 2.1.2. Europe Vaccine Refrigerators Market Trends 2.1.3. Asia Pacific Vaccine Refrigerators Market Trends 2.1.4. Middle East and Africa Vaccine Refrigerators Market Trends 2.1.5. South America Vaccine Refrigerators Market Trends 2.2. Vaccine Refrigerators Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Vaccine Refrigerators Market Drivers 2.2.1.2. North America Vaccine Refrigerators Market Restraints 2.2.1.3. North America Vaccine Refrigerators Market Opportunities 2.2.1.4. North America Vaccine Refrigerators Market Challenges 2.2.2. Europe 2.2.2.1. Europe Vaccine Refrigerators Market Drivers 2.2.2.2. Europe Vaccine Refrigerators Market Restraints 2.2.2.3. Europe Vaccine Refrigerators Market Opportunities 2.2.2.4. Europe Vaccine Refrigerators Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Vaccine Refrigerators Market Drivers 2.2.3.2. Asia Pacific Vaccine Refrigerators Market Restraints 2.2.3.3. Asia Pacific Vaccine Refrigerators Market Opportunities 2.2.3.4. Asia Pacific Vaccine Refrigerators Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Vaccine Refrigerators Market Drivers 2.2.4.2. Middle East and Africa Vaccine Refrigerators Market Restraints 2.2.4.3. Middle East and Africa Vaccine Refrigerators Market Opportunities 2.2.4.4. Middle East and Africa Vaccine Refrigerators Market Challenges 2.2.5. South America 2.2.5.1. South America Vaccine Refrigerators Market Drivers 2.2.5.2. South America Vaccine Refrigerators Market Restraints 2.2.5.3. South America Vaccine Refrigerators Market Opportunities 2.2.5.4. South America Vaccine Refrigerators Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Vaccine Refrigerators Industry 2.8. Analysis of Government Schemes and Initiatives For Vaccine Refrigerators Industry 2.9. Vaccine Refrigerators Market Trade Analysis 2.10. The Global Pandemic Impact on Vaccine Refrigerators Market 3. Vaccine Refrigerators Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 3.1.1. Common Indoor Vaccine Refrigerators 3.1.2. Cold Chain Vaccine Refrigerators 3.2. Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 3.2.1. Ноѕріtаlѕ 3.2.2. Еріdеmіс Рrеvеntіоn Ѕtаtіоn 3.3. Vaccine Refrigerators Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Vaccine Refrigerators Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 4.1.1. Common Indoor Vaccine Refrigerators 4.1.2. Cold Chain Vaccine Refrigerators 4.2. North America Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 4.2.1. Ноѕріtаlѕ 4.2.2. Еріdеmіс Рrеvеntіоn Ѕtаtіоn 4.3. North America Vaccine Refrigerators Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Common Indoor Vaccine Refrigerators 4.3.1.1.2. Cold Chain Vaccine Refrigerators 4.3.1.2. United States Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Ноѕріtаlѕ 4.3.1.2.2. Еріdеmіс Рrеvеntіоn Ѕtаtіоn 4.7.2. Canada 4.3.2.1. Canada Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Common Indoor Vaccine Refrigerators 4.3.2.1.2. Cold Chain Vaccine Refrigerators 4.3.2.2. Canada Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Ноѕріtаlѕ 4.3.2.2.2. Еріdеmіс Рrеvеntіоn Ѕtаtіоn 4.7.3. Mexico 4.3.3.1. Mexico Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Common Indoor Vaccine Refrigerators 4.3.3.1.2. Cold Chain Vaccine Refrigerators 4.3.3.2. Mexico Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Ноѕріtаlѕ 4.3.3.2.2. Еріdеmіс Рrеvеntіоn Ѕtаtіоn 5. Europe Vaccine Refrigerators Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.2. Europe Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3. Europe Vaccine Refrigerators Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Vaccine Refrigerators Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.7. Asia Pacific Vaccine Refrigerators Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Vaccine Refrigerators Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 7.7. Middle East and Africa Vaccine Refrigerators Market Size and Forecast, by Country (2022-2029) 7.7.1. South Africa 7.3.1.1. South Africa Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 7.7.2. GCC 7.3.2.1. GCC Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 7.7.3. Nigeria 7.3.3.1. Nigeria Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 8. South America Vaccine Refrigerators Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 8.2. South America Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 8.7. South America Vaccine Refrigerators Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Vaccine Refrigerators Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Vaccine Refrigerators Market Size and Forecast, by Application (2022-2029) 9. Global Vaccine Refrigerators Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Vaccine Refrigerators Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Panasonic 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Dometic 10.3. Haier 10.4. Kirsch Medical 10.5. Helmer 10.6. SO-LOW 10.7. Follett 10.8. Standex 10.9. Thermo Fisher 10.10. Lec Medical 10.11. Dulas 10.12. LVaccine Refrigeratorsold 10.13. Vestfrost Solutions 10.14. B Medical Systems 10.15. Migali Scientific 10.16. Felix Storch 10.17. Indrel 10.18. SunDanzer 10.19. Sun Frost 10.20. Sure Chill 10.21. Shoreline Medical 10.22. Woodley 11. Key Findings 12. Industry Recommendations 13. Vaccine Refrigerators Market: Research Methodology 14. Terms and Glossary

About This Report

Report ID 55217
Category Life Science
Published Date August 2023
Updated Date
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