A recent report published by Infinium Global Research on vaccine
storage equipment market provides an in-depth analysis of segments and
sub-segments in the global as well as regional vaccine storage equipment
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional vaccine storage equipment market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global vaccine storage equipment market.
According to the report, the global vaccine storage equipment market is
projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
Vaccine storage equipment market is significantly driven by rising
government funding for research and development to promote vaccine production.
A vaccine is a biological material that needs to store properly from the time
they are manufactured until they are administered, to maintain its efficacy.
Increasing government initiatives for the vaccination program is
one of the major drivers for the vaccine storage market. Increasing vaccination
programs have initiated utilization of government authorised clinics, hospitals
and vaccination centers that has increased the demand for vaccine storage
units. Moreover, the rising prevalence of viral disease globally has increased
the demand for vaccine storage equipment. According to WHO prevalence of viral
diseases such as influenza, childhood viral pneumonia, and hepatitis has
increased significantly to counter that vaccine production rate has also
increased by a significant rate. That, in turn, has boosted the demand for
vaccine storage equipment. On the other hand, high cost associated with
equipment’s such as refrigerator, deep freezer and cryo freezer and their
maintenance can hamper the growth of the vaccine storage equipment market.
However, new innovations with technology to produce efficient and
cost-effective refrigerator equipment’s can produce better opportunities for the
Geographically, vaccine storage equipment market is segmented by
North America, Europe, Asia-Pacific, and RoW. North America dominates the
vaccine storage equipment market and expected keep to its dominance over the
forecast period. Presence of major biotech companies, increasing research and
development activities for efficient vaccine production and growing awareness
about immunization programs among people are some of the factor contributing to
the growth of this region. Europe is anticipated to register healthy growth in
the forecast period. Whereas, Asia-Pacific is expected to grow with a lucrative
rate in the forecast period. Growing prevalence of the viral disease,
initiatives by major pharma players in this region for vaccine production, and
rising government initiatives for immunisation programs have expected to boost
the vaccine storage equipment market in this region.
The report on global vaccine storage equipment market covers
segments such as product, type, and end user. On the basis of product, the
sub-markets include refrigerators, freezers, and other products. On the basis
of type, the sub-markets include refrigerated storage, and refrigerated
transport. On the basis of end user, the sub-markets include retailers,
distributors, clearing and forwarding agents, and other end users.
The report provides profiles of the companies in the market such
as American Biotech Supply, Arctiko A/S, Eppendorf AG, Evermed S.R.L., Haier
Biomedical, Helmer Scientific, Labcold, Panasonic Healthcare Co., Ltd, Philipp
Kirsch Gmbh, Thermo Fisher Scientific, Inc., and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of vaccine storage
equipment market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.