Vaccine Refrigerators Market Analysis By Type(Cold Chain Type, Common Indoor Type), By End User(Epidemic Prevention Stations, Hospitals & Clinics, Research Laboratories, Pharmacies) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 267
- CATEGORY
- Healthcare & Life Sciences
The market for vaccine refrigerators was estimated at USD 980.0 million in 2021, and it is anticipated to reach around 5,200 million in 2030, growing at a CAGR of 5.5% over the forecasted years.
The examinations and investigations of vaccines is one of the major factors for the market growth and increasing public awareness regarding immunisation programme. Furthermore, the market is expanding rapidly due to growing R&D spending and technological developments in the healthcare sector. Moreover, the incidence and prevalence of infectious diseases have been on the rise. However, it is anticipated that the shortage of skilful healthcare professionals and the concern associated with the sizeable initial expenditure would hinder the vaccine refrigerator market's growth.
The rise in infectious diseases has increased demand for vaccines, which is what is driving the market for vaccine refrigerators. The need for vaccine coolers has increased as a result of expanding research and development initiatives in government and academic institutions for the creation of novel vaccines. The global market for vaccine refrigerators is being driven by an increase in government financing as well as significant R&D efforts by pharmaceutical companies for the development of novel vaccines. Moreover, gradually increasing global immunization coverage is boosting the vaccine refrigerators market. For instance, as per the WHO the projected global vaccination coverage of Diphtheria-tetanus-pertussis (DTP3) was around 86.0% in 2018.
The market is significantly constrained by the high price of vaccine refrigerators and the expanding trend of using used equipment. A sizable population base for immunisation is created by the high occurrence of infectious diseases including the mumps, flu, and other viral infections. The market for vaccine refrigerators has forecasts for expansion as a result. Moreover, it is projected that in the near future, goods with technical innovation would offer the market growth scenarios, such as solar vaccine refrigerators.
The global market for vaccine refrigerators is growing owing due to the outbreak of the COVID-19 outbreak. A huge demand for vaccine refrigerators has been created by the increase in patients around the world, the large number of vaccine trials and development, and the COVID-19 vaccination programmes. Hence, the COVID-19 pandemic increased the market size for vaccine refrigerators in 2021.
Type Insights
The cold chain type segment accounts for the largest revenue share of the market in 2021 and is anticipated to dominate the market over the forecast period owing to the increased demand for this vaccine refrigerator from the healthcare industry due to maintenance of optimal temperature and hygiene during the storage which will further drive the market growth of vaccine refrigerator in this segment during the projected period.
End User Insights
The hospitals & clinics segment is expected to hold the largest revenue share of the market during the forecast period owing to the increasing number of patients suffering from various infectious diseases, and rising awareness about these diseases. Moreover, the availability of several diagnostics and treatment facilities, advanced healthcare infrastructure, higher purchasing power, and the presence of highly skilled healthcare professionals are driving the growth of the market in this segment.
Region Insights
North America accounts for a major share of the global market for vaccine refrigerators. The need for vaccinations in North America is being boosted by expanding academic and pharmaceutical sectors' research and development efforts, rising public awareness of immunisation campaigns, and high health care spending in the area. During the projected period, this would have a favourable effect on the market for vaccine refrigerators in North America.
Owing to an increase in infectious diseases in the region and government campaigns to increase public awareness of immunisation programmes to combat epidemic diseases, the Asia Pacific region is home to a fast expanding market for vaccine refrigerators. The market for vaccine refrigerators in the Asia Pacific region is growing as a result of technological improvements made by major key players to supply solar vaccine refrigerators in developing nations that are affordable.
Key Companies Insights
Key players are focusing on their technological collaborations, partnerships, and merger & acquisitions strategies to gain a competitive edge and expand their product portfolio & business mark. The enduring Covid-19 pandemic hampered the medical systems across the globe and drove market players to update products for unexploited prospects.
Some of the key players operating in the global vaccine refrigerators market include:
· Thermo Fisher Scientific, Inc.
· Haier Biomedical
· Aegis Scientific, Inc.
· Godrej Medical Refrigerators
· Eppendorf AG
· LABREPCO
· Panasonic Healthcare Co.
· Standex
· Leibherr Group
· B Medical Systems S.à r.l.
· Philipp Kirsch GmbH
· Helmer Scientific
· Other players
Some of the Recent Developments:
· In August 2019, Helmer Scientific launched professional medical refrigerators which incorporated OptiCool cooling technology under its GX Solution Refrigerator line.
· In July 2018, Thermo Fisher Scientific launched a novel series of TSG compact refrigerators. These were introduced to meet the needs of clinical laboratories and patient care facilities for cold storage equipment.
Segments
By Type
- Cold Chain Type
- Common Indoor Type
By End User
- Epidemic Prevention Stations
- Hospitals & Clinics
- Research Laboratories
- Pharmacies
- Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Points:Define, describe and forecast Vaccine Refrigerators product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Historic Year: 2016-2022
Forecast: 2024-2035
1 Vaccine Refrigerators Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Vaccine Refrigerators
1.3 Vaccine Refrigerators Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Vaccine Refrigerators
1.4.2 Applications of Vaccine Refrigerators
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Follett Market Performance Analysis
3.1.1 Follett Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Follett Sales, Value, Price, Gross Margin 2016-2021
3.2 SO-LOW Market Performance Analysis
3.2.1 SO-LOW Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 SO-LOW Sales, Value, Price, Gross Margin 2016-2021
3.3 Migali Scientific Market Performance Analysis
3.3.1 Migali Scientific Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Migali Scientific Sales, Value, Price, Gross Margin 2016-2021
3.4 Haier Market Performance Analysis
3.4.1 Haier Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Haier Sales, Value, Price, Gross Margin 2016-2021
3.5 SunDanzer Market Performance Analysis
3.5.1 SunDanzer Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 SunDanzer Sales, Value, Price, Gross Margin 2016-2021
3.6 Sure Chill Market Performance Analysis
3.6.1 Sure Chill Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Sure Chill Sales, Value, Price, Gross Margin 2016-2021
3.7 Helmer Market Performance Analysis
3.7.1 Helmer Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Helmer Sales, Value, Price, Gross Margin 2016-2021
3.8 Standex Market Performance Analysis
3.8.1 Standex Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Standex Sales, Value, Price, Gross Margin 2016-2021
3.9 Sun Frost Market Performance Analysis
3.9.1 Sun Frost Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Sun Frost Sales, Value, Price, Gross Margin 2016-2021
3.10 Felix Storch Market Performance Analysis
3.10.1 Felix Storch Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Felix Storch Sales, Value, Price, Gross Margin 2016-2021
3.11 Indrel Market Performance Analysis
3.11.1 Indrel Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Indrel Sales, Value, Price, Gross Margin 2016-2021
3.12 Dometic Market Performance Analysis
3.12.1 Dometic Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Dometic Sales, Value, Price, Gross Margin 2016-2021
3.13 Panasonic Market Performance Analysis
3.13.1 Panasonic Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Panasonic Sales, Value, Price, Gross Margin 2016-2021
3.14 Woodley Market Performance Analysis
3.14.1 Woodley Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Woodley Sales, Value, Price, Gross Margin 2016-2021
3.15 Thermo Fisher Market Performance Analysis
3.15.1 Thermo Fisher Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Thermo Fisher Sales, Value, Price, Gross Margin 2016-2021
3.16 Dulas Market Performance Analysis
3.16.1 Dulas Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Dulas Sales, Value, Price, Gross Margin 2016-2021
3.17 Vestfrost Solutions Market Performance Analysis
3.17.1 Vestfrost Solutions Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Vestfrost Solutions Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Vaccine Refrigerators Production and Value by Type
4.1.1 Global Vaccine Refrigerators Production by Type 2016-2021
4.1.2 Global Vaccine Refrigerators Market Value by Type 2016-2021
4.2 Global Vaccine Refrigerators Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Cold Chain Vaccine Refrigerators Market Production, Value and Growth Rate
4.2.2 Common Indoor Vaccine Refrigerators Market Production, Value and Growth Rate
4.3 Global Vaccine Refrigerators Production and Value Forecast by Type
4.3.1 Global Vaccine Refrigerators Production Forecast by Type 2021-2026
4.3.2 Global Vaccine Refrigerators Market Value Forecast by Type 2021-2026
4.4 Global Vaccine Refrigerators Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Cold Chain Vaccine Refrigerators Market Production, Value and Growth Rate Forecast
4.4.2 Common Indoor Vaccine Refrigerators Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Vaccine Refrigerators Consumption and Value by Application
5.1.1 Global Vaccine Refrigerators Consumption by Application 2016-2021
5.1.2 Global Vaccine Refrigerators Market Value by Application 2016-2021
5.2 Global Vaccine Refrigerators Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Epidemic Prevention Station Market Consumption, Value and Growth Rate
5.2.2 Hospitals Market Consumption, Value and Growth Rate
5.2.3 Others Market Consumption, Value and Growth Rate
5.3 Global Vaccine Refrigerators Consumption and Value Forecast by Application
5.3.1 Global Vaccine Refrigerators Consumption Forecast by Application 2021-2026
5.3.2 Global Vaccine Refrigerators Market Value Forecast by Application 2021-2026
5.4 Global Vaccine Refrigerators Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Epidemic Prevention Station Market Consumption, Value and Growth Rate Forecast
5.4.2 Hospitals Market Consumption, Value and Growth Rate Forecast
5.4.3 Others Market Consumption, Value and Growth Rate Forecast
6 Global Vaccine Refrigerators by Region, Historical Data and Market Forecasts
6.1 Global Vaccine Refrigerators Sales by Region 2016-2021
6.2 Global Vaccine Refrigerators Market Value by Region 2016-2021
6.3 Global Vaccine Refrigerators Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Vaccine Refrigerators Sales Forecast by Region 2021-2026
6.5 Global Vaccine Refrigerators Market Value Forecast by Region 2021-2026
6.6 Global Vaccine Refrigerators Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Vaccine Refrigerators Value and Market Growth 2016-2021
7.2 United State Vaccine Refrigerators Sales and Market Growth 2016-2021
7.3 United State Vaccine Refrigerators Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Vaccine Refrigerators Value and Market Growth 2016-2021
8.2 Canada Vaccine Refrigerators Sales and Market Growth 2016-2021
8.3 Canada Vaccine Refrigerators Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Vaccine Refrigerators Value and Market Growth 2016-2021
9.2 Germany Vaccine Refrigerators Sales and Market Growth 2016-2021
9.3 Germany Vaccine Refrigerators Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Vaccine Refrigerators Value and Market Growth 2016-2021
10.2 UK Vaccine Refrigerators Sales and Market Growth 2016-2021
10.3 UK Vaccine Refrigerators Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Vaccine Refrigerators Value and Market Growth 2016-2021
11.2 France Vaccine Refrigerators Sales and Market Growth 2016-2021
11.3 France Vaccine Refrigerators Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Vaccine Refrigerators Value and Market Growth 2016-2021
12.2 Italy Vaccine Refrigerators Sales and Market Growth 2016-2021
12.3 Italy Vaccine Refrigerators Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Vaccine Refrigerators Value and Market Growth 2016-2021
13.2 Spain Vaccine Refrigerators Sales and Market Growth 2016-2021
13.3 Spain Vaccine Refrigerators Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Vaccine Refrigerators Value and Market Growth 2016-2021
14.2 Russia Vaccine Refrigerators Sales and Market Growth 2016-2021
14.3 Russia Vaccine Refrigerators Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Vaccine Refrigerators Value and Market Growth 2016-2021
15.2 China Vaccine Refrigerators Sales and Market Growth 2016-2021
15.3 China Vaccine Refrigerators Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Vaccine Refrigerators Value and Market Growth 2016-2021
16.2 Japan Vaccine Refrigerators Sales and Market Growth 2016-2021
16.3 Japan Vaccine Refrigerators Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Vaccine Refrigerators Value and Market Growth 2016-2021
17.2 South Korea Vaccine Refrigerators Sales and Market Growth 2016-2021
17.3 South Korea Vaccine Refrigerators Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Vaccine Refrigerators Value and Market Growth 2016-2021
18.2 Australia Vaccine Refrigerators Sales and Market Growth 2016-2021
18.3 Australia Vaccine Refrigerators Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Vaccine Refrigerators Value and Market Growth 2016-2021
19.2 Thailand Vaccine Refrigerators Sales and Market Growth 2016-2021
19.3 Thailand Vaccine Refrigerators Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Vaccine Refrigerators Value and Market Growth 2016-2021
20.2 Brazil Vaccine Refrigerators Sales and Market Growth 2016-2021
20.3 Brazil Vaccine Refrigerators Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Vaccine Refrigerators Value and Market Growth 2016-2021
21.2 Argentina Vaccine Refrigerators Sales and Market Growth 2016-2021
21.3 Argentina Vaccine Refrigerators Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Vaccine Refrigerators Value and Market Growth 2016-2021
22.2 Chile Vaccine Refrigerators Sales and Market Growth 2016-2021
22.3 Chile Vaccine Refrigerators Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Vaccine Refrigerators Value and Market Growth 2016-2021
23.2 South Africa Vaccine Refrigerators Sales and Market Growth 2016-2021
23.3 South Africa Vaccine Refrigerators Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Vaccine Refrigerators Value and Market Growth 2016-2021
24.2 Egypt Vaccine Refrigerators Sales and Market Growth 2016-2021
24.3 Egypt Vaccine Refrigerators Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Vaccine Refrigerators Value and Market Growth 2016-2021
25.2 UAE Vaccine Refrigerators Sales and Market Growth 2016-2021
25.3 UAE Vaccine Refrigerators Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Vaccine Refrigerators Value and Market Growth 2016-2021
26.2 Saudi Arabia Vaccine Refrigerators Sales and Market Growth 2016-2021
26.3 Saudi Arabia Vaccine Refrigerators Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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