Global Vaccine Storage Equipment Market Report and Forecast 2024-2032

Global Vaccine Storage Equipment Market Report and Forecast 2024-2032


Global Vaccine Storage Equipment Market Outlook

The global vaccine storage equipment market was valued USD 6.4 billion in 2023, driven by global vaccination initiatives, research and development, healthcare infrastructure across the globe. The market size is anticipated to grow at a CAGR of 10.1% during the forecast period of 2024-2032 to achieve a value of USD 15.1 billion by 2032.

Vaccine Storage Equipment: Introduction

Vaccine storage equipment plays a crucial role in maintaining the potency and efficacy of vaccines by providing the appropriate conditions for their storage. Vaccines are sensitive biological products that can lose their effectiveness if not stored within specified temperature ranges. Improper storage can lead to reduced immunogenicity, decreased protection against diseases, and even potential health risks to individuals receiving the vaccines. Vaccine storage equipment includes a range of devices designed to control and monitor temperature, humidity, and other environmental factors to ensure that vaccines are kept within the recommended storage conditions. This equipment is commonly used in healthcare facilities, clinics, pharmacies, and other vaccination centers.

Proper maintenance and calibration of vaccine storage equipment are essential to ensure that vaccines remain potent and effective. Regulatory authorities, such as the World Health Organization (WHO) and national health agencies, provide guidelines and standards for vaccine storage and cold chain management to ensure the quality of immunization programs worldwide.

Key Trends in the Global Vaccine Storage Equipment Market
  • Technological Advancements: The vaccine storage equipment market was experiencing advancements in technology, including the integration of digital temperature monitoring systems, remote access capabilities, and data logging features. These technologies aimed to improve real-time monitoring, data accuracy, and overall efficiency in vaccine storage management.
  • Energy Efficiency: Energy-efficient and environmentally friendly vaccine storage equipment was gaining importance. Manufacturers were focusing on developing refrigerators and freezers that consumed less energy, reducing operational costs and contributing to sustainability efforts.
  • Mobile and Portable Solutions: Portable vaccine storage units and mobile refrigeration solutions were becoming more popular, especially in remote or hard-to-reach areas where maintaining proper storage conditions is challenging. These solutions allowed healthcare workers to transport vaccines while maintaining temperature integrity.
  • Cold Chain Optimization: Cold chain management was a significant concern in the vaccine industry. Technologies such as RFID (Radio-Frequency Identification) and IoT (Internet of Things) were being explored to enhance visibility and traceability throughout the vaccine distribution process.
Global Vaccine Storage Equipment Market Segmentation

The market can be categorised into product type, end user and region.

Market Breakup by Product Type
  • Bags, Vials, Ampoules
  • Freezers
  • Refrigerators
Market Breakup by End user
  • Hospitals and Medical Institutes
  • Distributor & Logistics
  • Retailers
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Global Vaccine Storage Equipment Market Overview

The vaccine storage equipment market has been growing steadily due to the increasing emphasis on vaccination programs worldwide, advancements in vaccine research and development, and the need to ensure proper storage conditions for vaccine efficacy. The market size has been influenced by factors such as population growth, the introduction of new vaccines, and efforts to expand healthcare infrastructure, particularly in developing regions. International organizations like the World Health Organization (WHO) and various NGOs played a significant role in shaping the vaccine storage equipment market. Global initiatives aimed at improving vaccine distribution and storage, especially in resource-limited settings, drove innovation and investment in affordable and efficient solutions.

Regional Outlook
  • North America: Strong healthcare and rules drove demand for advanced vaccine storage. Digital monitoring and compliance efforts increased, ensuring reliability.
  • Europe: Mature healthcare and strict rules, like North America. Energy-efficient storage grew, with focus on vaccine cold chain and advanced tracking.
  • Asia Pacific: Varied healthcare shaped the region. Remote challenges led to affordable, portable solutions demand, especially in limited-resource countries.
  • Latin America: Mixed healthcare scenarios. Rising vaccinations and access efforts spurred reliable storage needs.
  • Middle East and Africa: Diverse development. Middle East pursued advanced storage; Africa's infrastructure hurdles drove accessible solutions.
Key Players in the Global Vaccine Storage Equipment Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in vaccine storage equipment market are as follows:
  • Haier Group Corporation
  • Philipp Kirsch GmbH
  • Eppendorf AG
  • Thermo Fisher Scientific, Inc.
  • B Medical Systems
  • Cole-Parmer Instrument Company, LLC
  • PHC Corporation
  • Helmer Scientific, Inc.
  • Evermed S.R.L.
  • Vestfrost Solutions
  • American Biotech Supply
  • Arctiko A/S
  • Labcold
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Vaccine Storage Equipment Market Overview
3.1 Global Vaccine Storage Equipment Market Historical Value (2017-2023)
3.2 Global Vaccine Storage Equipment Market Forecast Value (2024-2032)
4 Global Vaccine Storage Equipment Market Landscape
4.1 Global Vaccine Storage Equipment Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Vaccine Storage Equipment Product Landscape
4.2.1 Analysis by Product Type
5 Global Vaccine Storage Equipment Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Vaccine Storage Equipment Market Segmentation
6.1 Global Vaccine Storage Equipment Market by Product Type
6.1.1 Market Overview
6.1.2 Bags, Vials, Ampoules
6.1.3 Freezers
6.1.4 Refrigerators
6.2 Global Vaccine Storage Equipment Market by End User
6.2.1 Market Overview
6.2.2 Hospitals and Medical Institutes
6.2.3 Distributor and Logistics
6.2.4 Retailers
6.2.5 Others
6.3 Global Vaccine Storage Equipment Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Vaccine Storage Equipment Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Vaccine Storage Equipment Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Vaccine Storage Equipment Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Vaccine Storage Equipment Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Vaccine Storage Equipment Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Haier Group Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Philipp Kirsch GmbH
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Eppendorf AG
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Thermo Fisher Scientific, Inc.
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 B Medical Systems
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Cole-Parmer Instrument Company, LLC
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 PHC Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Helmer Scientific, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Evermed S.R.L.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Vestfrost Solutions
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 American Biotech Supply
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Arctiko A/S
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Labcold
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Vaccine Storage Equipment Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.

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