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Vaccine Storage Equipment Market worth $2.05 billion by 2030, growing at a CAGR of 8.10% - Exclusive Report by 360iResearch
The "Vaccine Storage Equipment Market by Product (Cold Boxes, Consumables & Accessories, Foam Pads), Style (Hand-held, Undercounter, Upright Double Door), Type, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Vaccine Storage Equipment Market to grow from USD 1.19 billion in 2023 to USD 2.05 billion by 2030, at a CAGR of 8.10%.
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The vaccine storage equipment includes devices and solutions dedicated to the proper preservation of vaccines from their production until they are administered, ensuring their potency and effectiveness. This market encompasses a variety of products, including refrigerators, freezers, cold boxes, and vaccine carriers, among others. Vaccine storage equipment finds its application broadly in hospitals, clinics, epidemiological centers, and vaccination centers. The end-users include not only healthcare providers but also pharmaceutical and biotechnology companies involved in vaccine production. The scope of the vaccine storage equipment market is expanding due to the increasing need for vaccines, driven by a growing global population and the emergence of new infectious diseases. The worldwide push for vaccination against various diseases significantly drives the need for vaccine storage solutions, subsequently driving the market growth. Increased funding and support for immunization programs by governments worldwide bolster the market. The high cost associated with the development of advanced vaccine storage solutions hampers the market. Developing low-energy-consuming storage equipment without compromising temperature control and creating customizable and scalable storage solutions to cater to different sizes of healthcare facilities are expected to create opportunities for market growth.
In the Americas, there is a strong focus on enhancing the cold chain infrastructure to ensure the integrity of vaccines. Healthcare facilities in these regions prioritize reliability, technological advancements, and brands with robust support services. Recent investments in the Americas include the expansion of cold storage facilities and the adoption of IoT-enabled devices for real-time monitoring. EU countries exhibit a high demand for vaccine storage equipment, driven by stringent regulatory standards and a proactive approach to vaccine stockpiling. The focus is on energy-efficient, scalable solutions capable of supporting varied vaccine portfolios. Recent activities include the deployment of ultra-low temperature freezers for mRNA vaccine storage and collaborations for improving logistics and distribution frameworks. Sustainability and green technologies in vaccine storage are also gaining traction in EU markets. The vaccine storage equipment market in the Middle East & Africa is evolving, with a growing awareness of the importance of vaccine preservation in varying climatic conditions. The need is inclined towards solar-powered refrigeration units and mobile storage solutions to reach underserved areas.
Market Segmentation & Coverage:
This research report categorizes the Vaccine Storage Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Cold Boxes, Consumables & Accessories, Foam Pads, Freezer, Monitoring Device, Refrigerator, and Vaccine Carriers. The Freezer is further studied across Low-Temperature Freezers and Ultra-low Temperature Freezers. The Refrigerator is further studied across Large Capacity and Small Capacity. The Refrigerator commanded largest market share of 29.41% in 2023, followed by Freezer.
Based on Style, market is studied across Hand-held, Undercounter, Upright Double Door, and Upright Single Door. The Upright Single Door commanded largest market share of 31.53% in 2023, followed by Undercounter.
Based on Type, market is studied across Refrigerated Storage and Refrigerated Transport. The Refrigerated Storage commanded largest market share of 65.81% in 2023, followed by Refrigerated Transport.
Based on End User, market is studied across Distributor & Logistics, Hospitals & Medical Institutes, and Retailer. The Distributor & Logistics commanded largest market share of 54.72% in 2023, followed by Hospitals & Medical Institutes.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.43% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Vaccine Storage Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Vaccine Storage Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Vaccine Storage Equipment Market, highlighting leading vendors and their innovative profiles. These include Antylia Scientific, Arctiko A/S, B Medical Systems S.à r.l., Biobase Biodusty(Shandong), Co., Ltd., C.F. di Ciro Fiocchetti & C. s.n.c., Cardinal Health, Inc., China Beijing HiYi Technology Co., Ltd, Dulas Ltd., Eppendorf AG, Ethicheck Ltd., EVERMED s.r.l, Haier Biomedical., Helmer Scientific Inc., Hong Kong Labware Co. Ltd., Labcold Limited, PHC Holdings Corporation, Philipp Kirsch GmbH, Qingdao Haier Biomedical Co., Ltd., Rollex Group Australia PTY Ltd., Schenker AG, Standex International Corporation, Thermo Fisher Scientific Inc., Thermoline Scientific Equipment Pty Ltd., TITAN Containers S/A, Vestfrost, A/S, and Zhongke Meiling Cryogenics Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Vaccine Storage Equipment Market, by Product
7. Vaccine Storage Equipment Market, by Style
8. Vaccine Storage Equipment Market, by Type
9. Vaccine Storage Equipment Market, by End User
10. Americas Vaccine Storage Equipment Market
11. Asia-Pacific Vaccine Storage Equipment Market
12. Europe, Middle East & Africa Vaccine Storage Equipment Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Vaccine Storage Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Vaccine Storage Equipment Market?
3. What is the competitive strategic window for opportunities in the Vaccine Storage Equipment Market?
4. What are the technology trends and regulatory frameworks in the Vaccine Storage Equipment Market?
5. What is the market share of the leading vendors in the Vaccine Storage Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Vaccine Storage Equipment Market?
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