Vaccine Storage and Packaging Market, by Function (Storage (Storage Equipment and Service) and Packaging (Packaging Material and Packaging Level)), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Vaccine storage and packaging refer to various laboratory devices and equipment used to preserve, store and transport vaccines. Some of the commonly used vaccine storage equipment includes refrigerators and freezers that store vaccine vials, ampoules and corrugated boxes. The vaccines are packed and stored in individual containers and bundled together in cold boxes and carriers under cold chain facilities that regulate and maintain the desired internal temperature for ensuring safe transportation of the product. As a result, they find extensive applications across blood banks, hospitals, laboratories, pharmacies and other healthcare centers.
Market Dynamics
The increasing prevalence of various viral infections and immunological disorders across the globe represents one of the key factors driving the growth of the market. With the onset of the coronavirus disease (COVID-19), there is a significant increase in the requirement for efficient vaccine storage and packaging facilities. Furthermore, rising awareness regarding the early diagnosis and prevention of infectious diseases has enhanced the demand for protective vaccines, is also driving the market growth The demand for vaccine storage & packaging products and services will increase, owing to rising awareness regarding vaccinations of new born babies, which in turn will drive growth of the vaccine storage & packaging market.
Covid-19 pandemic has positively affected the vaccine storage and packaging market attributed to the lockdown in various countries worldwide. The major demand for vaccine storage and packaging products was noticed from giant manufacturing countries like U.S., Germany, Italy, U.K., China and India which have been affected by the spread of coronavirus, thereby increasing the demand for vaccine storage and packaging.
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