A recent report published by Infinium Global Research on vaccine transport container market provides an in-depth analysis of segments and sub-segments in the global as well as regional vaccine transport container market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vaccine transport container over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global vaccine transport container. According to the report, the global vaccine transport container is projected to grow at a CAGR of 6.8% over the forecast period of 2020-2026.
The billion vaccine doses are delivered to the entire world that involves complex logistical and programmatic obstacles along with the supply chain. The trucks equipped with these containers are able to keep vaccines at proper temperatures. The WHO organization and PATH is to evaluate a range of transportation and storage containers for heat-sensitive drugs and vaccines. The International Air Transport Association strongly recommends governments to plan with industry stakeholders. This is for the full preparedness for when COVID vaccines are approved and will be available for distribution. Moreover, the container makers are squeezing more out of their production plants and are busy modeling transportation routes and storage conditions in many countries.
Growing government support for research activities and clinical trials are provides a growing demand for the market. Furthermore, the government's focus on immunization programs provides a growing demand for the market. The vaccines are generally brought in immunization sessions as part of the national immunization strategy. However, it is important for certain vaccines such as hepatitis B to be available in the month so that babies can receive necessary vaccinations at birth. The National Expanded Programme on Immunization evaluating the appropriateness of new small-volume passive cooling containers, to store a small number of vaccines all month. These containers provide approximately one week of cooling on one “charge” of ice and use regular ice available in the community rather than ice packs. vaccine manufacturers ensure they use only thermal shippers and temperature-controlled containers to meet the international regulations for the handling of temperature-sensitive products, such as the U.S. Federal Drug Administration’s, and EU Good Distribution Practices the WHO’s, and IATA’s standards for temperature-sensitive products. Moreover, Companies that make temperature-controlled containers are working to boost production and pre-condition them in advance of the expected surge in demand. The rapid growth in the production of temperature-controlled containers is part of the global supply chain that will be needed to deliver Covid-19 vaccines when it is approved; around the world. In addition about $5 billion will be spent this year on insulated containers and instrumentation, the sensors and data loggers that are used to track shipments and temperatures, respectively, according to Pharmaceutical Commerce. This government funding provides a significant growth opportunity for the market. However, the complex regulatory procedure is affecting the growth of the market.
Asia-Pacific region is expected to dominate the global vaccine transport container market due to the countries such as China and India, which have a large population base. Furthermore, the government initiatives to promote immunization is provided a growing demand for the vaccine transport container market in this region. Governments and private organizations are carrying out immunization programs across Asian countries. This is projected to boost the market growth in the region. Furthermore, growing government funding is also contributing to the growth of the market in this region.
The report on global vaccine transport container market covers segments such as product, and end user. On the basis of product, the sub-markets include vaccine carriers and cold box. On the basis of end user, the sub-markets include hospitals, pharmaceutical manufacturers & distributors, clinical research organizations, blood banks, and others.
The report provides profiles of the companies in the market such as Sintex Plastic Technology, AOV International, Blowkings India, GPC Medical Ltd., Cyro scientific systems Pvt Ltd, Thermo Fischer Scientific, EVERmed Srl, American Biotech Supply, Eppendorf AG, and PANASONIC HEALTHCARE CO., LTD.
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 transport container market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. 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.