Global Vaccine Storage Equipment Market is poised to grow at a CAGR of 8-10% by 2026 - Rising Cases of Infectious Diseases & Immunological Disorders and Government Focus on Immunization Programs

Vaccines are sensitive biological substances which can lose their potency and effectiveness if exposed to temperatures outside their range. Vaccine storage equipment such as medical refrigerators and freezers play a handy role in protecting the individuals and communities from vaccine-preventable diseases. Proper storage and handling of vaccines begin with an effective vaccine "Cold Chain". If the cold chain is not properly handled and maintained, the vaccine potency may be lost.

Implementation of Global Vaccination Programs

Vaccination programs are amongst the cost-effective ways to prevent the spread of diseases. Currently, a large number of vaccination programs are run by global organizations (such as WHO, and UNICEF) as well as local governments across the world. Some of the main global programs are Immunization Program by UNICEF, and Vaccines for Children (VFC), among others.

Ultra-Low Temperature (ULT) Cold Storage for mRNA based Vaccine Drives the Vaccine Storage Equipment Market

When Pfizer-BioNTech and Moderna announced the development of their COVID-19 vaccines which require ultra-cold storage at -70 °C to prevent degradation of mRNA-based covid vaccines, a newfound interest in ultra-cold storage started to increase.

For instance,
• In April 2022, To strengthen Armenia's National cold chain capacity and boost COVID-19 immunization programs, UNICEF procured 80 refrigerators and 285 freezers, with USAID funding.

Covid-19 Impact and Government Initiatives on Immunization Programs Fuels the Market Demand

The outbreak of the COVID-19 pandemic has created an urgent demand for vaccines across the world. COVID-19 vaccine products also impacted the types of vaccine storage units and temperature monitoring devices used to maintain the cold chain, including the utilization of ultra-cold storage as COVID-19 vaccines differ from those of other vaccines.

The initiatives taken by the government organizations have fuelled a race among top drug-makers and research institutes to develop a Covid-19 vaccine at the earliest which in turn is projected to increase the demand for vaccine storage equipment in future. For instance,
• In October 2021, UNICEF procured the equipment with funding from the Government of Japan through its global vaccine initiative 'Last One Mile Support.

Lack of Medical Storage Infrastructure in Emerging Countries

The lack of medical storage infrastructure is the basic challenge in developing countries, typically in the areas of operational efficiency, planning, talent availability, transportation, and warehousing infrastructure, as well as data systems and governance models.

Competitive Landscape Analysis: Vaccine Storage Equipment Market

Some of the established and emerging players operating in the vaccine storage equipment market are AmerisourceBergen Corporation, Arctiko, B Medical Systems, Sartorius, and Vestfrost Solutions, among others.

The global vaccine storage equipment market is an emerging market which is expected to gain momentum in the upcoming years due to a rise in technological advancements, a favorable regulatory landscape and growing investments from the government bodies across the world.

Get Detailed Insights on Vaccine Storage Equipment Market with a Sample Report @ https://meditechinsights.com/global-vaccine-storage-equipment-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.