Vaccine Refrigerators Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DHC404 | Last Updated On: Feb 25 2021 | No. of Pages: 180 | Available Formats

> Global Vaccine Refrigerators Market Expected to reach a high CAGR of 5.8% By 2027: DataM Intelligence

Global Vaccine Refrigerators Market Is Segmented By Product Segment (Vaccine stainless steel refrigerators, Vaccine dual-temperature refrigerators, Vaccine under-counter refrigerators, Solar vaccine refrigerators, Others), By End-User Segment (Hospitals, Blood banks, Pharmaceutical companies, Academic & Research institutes), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The "Vaccine Refrigerators Market" is expected to grow at a high CAGR of 5.8% during the forecasting period (2020-2027).

Vaccine refrigerators are used to store vaccines to protect them from deterioration at the temperature necessary. Vaccines are extremely temperature-sensitive, and their deterioration can result from variations in the storage temperature. Commercial refrigerators face the problem of temperature variations that can jeopardize vaccines. Vaccine coolers have stable, ultra-low temperatures specially designed to preserve vaccine stability—the sunny climate influences vaccine storage in developed nations and energy shortage problems in rural areas. Solar power vaccine fridges are used in these countries. Refrigerators with vaccines are cost-effective and exceptionally reliable.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The major factors propelling the growth of the vaccine refrigerators market are That the number of infectious diseases has contributed to increased vaccine demand. The increasing research and development activities of advanced vaccine development institutes and government agencies have further increased the market for vaccine refrigerators. The global vaccine refrigerator market is powered by increased investment by government agencies and comprehensive pharmaceutical industry R&D efforts for new vaccine production. A broad patient pool for immunization is produced by the high prevalence of infectious diseases such as flu, mumps, and other viral infections. This provides the vaccine refrigerator industry with growth opportunities. Besides, technologically advanced products such as solar vaccine coolers are projected to provide the industry with growth opportunities shortly.

Increase in the number of infectious diseases

The increase in the number of infectious diseases spread across the globe, which increases the demand for vaccines, simultaneously impacts the Vaccine Refrigerator market. These vaccines need to be stored with deterioration to avoid damage to the complex formulas. The last decades have seen an increase in the number of epidemics with introducing new viruses into society. For example, the Ebola virus outbreak threatened the African Region between 2014-16 and the annual reoccurring seasonal influenza virus. Large-scale vaccination of the risk-associated population is needed to fight these diseases, which raises the demand for glass vaccine vials during the forecast era. As of March 2016, the Ebola virus resulted in nearly 29 thousand outbreaks and over 11.3 thousand deaths, according to the World Health Organisation. However, the flu outbreak leads to deaths worldwide between 290 thousand to 650 thousand persons. In comparison, the last COVID-19 pandemic, which resulted in 111 million cases of positive Corona Virus. Due to the high prevalence and recurrence of these diseases, the need for a vaccine refrigerator for proper storage and transport of the vaccine is stimulating the industry's growth.

The high cost of vaccine refrigerators

The high cost of refrigerators designed specifically for vaccines is a key factor expected to curtail the global market's growth over the forecast period. Moreover, the growing trend of using refurbished equipment is expected to hinder the total market's growth shortly.

COVID-19 Impact Analysis

The outbreak of COVID-19 has positively impacted the growth of the Vaccine Refrigerators market globally. The escalated cases of COVID-19 across the globe, along with the high number of vaccine trials and development coupled with COVID-19 vaccination drives, have triggered tremendous demand for vaccine refrigerators. Therefore, the COVID-19 pandemic boosted the market value of the Vaccine Refrigerators market in 2020.

Vaccine Refrigerators Market Segment Analysis

Based on the product, the Vaccine Refrigerators market has been classified into vaccine stainless steel refrigerators and vaccine dual-temperature refrigerators, vaccine under-counter refrigerators, solar vaccine refrigerators, and others.

The vaccine dual-temperature refrigerators segment is projected to be the dominant market segment during the forecast period.

Vaccine dual-temperature refrigerators dominated the global market in 2019, whereas the Solar vaccine Refrigerators are expected to present considerable growth shortly. Due to the high demand for dual-temperature systems in research and pharmaceutical industries, the category of vaccine dual-temperature refrigerators is expected to see substantial growth during the forecast period. Using solar photovoltaic cells, solar vaccine refrigerators produce electricity from sunlight and store the energy in batteries. Therefore, the increasing usage of Solar vaccine refrigerators is expected to propel segmental growth shortly.

Vaccine Refrigerators are segmented based on End-User, including hospitals, blood banks, pharmaceutical companies and academic & research institutes.

Pharmaceutical companies are expected to dominate the Vaccine Refrigerators market.

Pharmaceutical companies held the dominant position in the global market during the forecast period. During the forecast era, the pharmaceutical industry segment is expected to dominate the market due to an increase in R&D activities and high investments by key players in producing novel vaccines in partnership with government agencies. Moreover, the academic & research institutes are expected to project a considerable CAGR during the forecast period.

Source: DataM Intelligence Analysis (2019)

 Geographical Analysis

Based on geography, the study analyzes the Vaccine Refrigerators market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is expected to dominate the global Vaccine Refrigerators market.

North America was held a dominant position in the global Vaccine Refrigerators market in 2019. In North America, the U.S. is expected to represent considerable growth during the forecast period. Demand for vaccines in North America is growing due to increasing research and development activities in the academic and pharmaceutical industries, increasing awareness of immunization services, and high health care spending in the Region. Moreover, Europe is expected to represent significant growth in terms of value during the forecast period. The vaccine refrigerators market for the Asia Pacific is expected to observe rapid growth over the forecast period. Due to the increasing number of infectious diseases in the country and government efforts to raise awareness about immunization services to prevent outbreak diseases, Asia Pacific is witnessing fast-growing demand for vaccine refrigerators. In developing Asia Pacific countries, key players' technical developments in providing cost-effective solar vaccine refrigerators propel the demand for vaccine refrigerators in the Region.

Source: DataM Intelligence Analysis (2019)

Competitive Landscape

The Vaccine Refrigerators market is highly competitive, owing to the presence of big food brands. The key Vaccine Refrigerators players contributing to the global market's growth 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. And Philipp Kirsch GmbH, among others. The major players are adopting new product launch and expansion strategies for global growth in the Vaccine Refrigerators market.  

Pharmacy Refrigerator HYC-361 (Haier Biomedical):

The Product Offers Zero error on correct vaccine distribution and high traceability on cold chain monitoring; information on vaccinations and vaccination is submitted to the cloud network in real-time to realize fully automated rapid vaccination based on uninterrupted data communication; control of the smallest package units and multiple data-based verifications.

Product Portfolio: The company’s portfolio comprises Cold Rooms, Nitrogen containers, among others

Why Purchase the Report?

  • Visualize the Vaccine Refrigerators market segmentation composition by product, end-user, and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the Vaccine Refrigerators market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Vaccine Refrigerators market - level 3 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global Vaccine Refrigerators market report would provide access to an approx: 51 market data table, 45 figures and 221 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Related Topic’s

Vaccines Market

DNA Vaccines Market

 

Table of Contents

  1. Vaccine Refrigerators Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Vaccine Refrigerators Market – Market Definition and Overview

  3. Vaccine Refrigerators Market – Executive Summary

    1. Market Snippet by Product
    2. Market Snippet by End-User
    3. Market Snippet by Region
  4. Vaccine Refrigerators Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increase in the number of infectious diseases
        2. Increasing Research and Development in Vaccine Development
      2. Restraints:
        1. High Cost of Vaccine Refrigerators
      3. Impact Analysis
  5. Vaccine Refrigerators Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Value Chain Analysis
    4. PEST Analysis
    5. Pricing Analysis
    6. Regulatory Analysis
    7. Reimbursement Analysis
    8. Unmet Needs
    9. Patent Trends
  6. Vaccine Refrigerators Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Vaccine Refrigerators Market – By Product

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Segment
    3. Market Attractiveness Index, By Product Segment
      1. Vaccine stainless steel refrigerators *
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Vaccine dual-temperature refrigerators
      3. Vaccine under-counter refrigerators
      4. Solar vaccine refrigerators
      5. Others
  8. Vaccine Refrigerators Market – By End-User

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Segment
    3. Market Attractiveness Index, By End-User Segment
      1. Hospitals*
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Blood banks
      3. Pharmaceutical companies
      4. Academic & Research institutes
  9. Vaccine Refrigerators Market – By Region

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    3. Market Attractiveness Index, By Region
    4. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    8. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
  10. Vaccine Refrigerators Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Vaccine Refrigerators Market- Company Profiles

    1. Thermo Fisher Scientific Inc.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Haier Biomedical
    3. Aegis Scientific Inc.
    4. Godrej Medical Refrigerators
    5. Eppendorf AG
    6. LABREPCO
    7. PANASONIC HEALTHCARE CO.
    8. STANDEX
    9. LEIBHERR GROUP
    10. B Medical Systems S.à r.l.
    11. PHILIPP KIRSCH GMBH
  12. Vaccine Refrigerators Market – Premium Insights

  13. Vaccine Refrigerators Market – DataM Intelligence Analysis

    1. Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables 

Table 1 Global Vaccine Refrigerators Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 2 Global Vaccine Refrigerators Market Value, By End-User, 2019, 2023 & 2027 (US$ Million)

Table 3 Global Vaccine Refrigerators Market Value, By Region, 2019, 2023 & 2027 (US$ Million)

Table 4 North America Vaccine Refrigerators Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 5 North America Vaccine Refrigerators Market Value, By End-User, 2019, 2023 & 2027 (US$ Million)

Table 6 North America Vaccine Refrigerators Market Value, By Country, 2018-2027 (US$ Million)

Table 7 South America Vaccine Refrigerators Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 8 South America Vaccine Refrigerators Market Value, By End-User, 2019, 2023 & 2027 (US$ Million)

Table 9 South America Vaccine Refrigerators Market Value, By Country, 2018-2027 (US$ Million)

Table 10 Europe Vaccine Refrigerators Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 11 Europe Vaccine Refrigerators Market Value, By End-User, 2019, 2023 & 2027 (US$ Million)

Table 12 Europe Vaccine Refrigerators Market Value, By Country, 2018-2027 (US$ Million)

Table 13 Asia Pacific Vaccine Refrigerators Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 14 Asia Pacific Vaccine Refrigerators Market Value, By End-User, 2019, 2023 & 2027 (US$ Million)

Table 15 Asia Pacific Vaccine Refrigerators Market Value, By Country, 2019, 2023 & 2027 (US$ Million)

Table 16 The Middle East & Africa Vaccine Refrigerators Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 17 The Middle East & Africa Vaccine Refrigerators Market Value, By End-User, 2019, 2023 & 2027 (US$ Million)

Table 18 The Middle East & Africa Vaccine Refrigerators Market Value, By Country, 2019, 2023 & 2027 (US$ Million)

Table 19 Thermo Fisher Scientific Inc.: Overview

Table 20 Thermo Fisher Scientific Inc.: Product Portfolio

Table 21 Thermo Fisher Scientific Inc.: Key Developments

Table 22  Haier Biomedical: Overview

Table 23  Haier Biomedical: Product Portfolio

Table 24  Haier Biomedical: Key Developments

Table 25  Aegis Scientific Inc.: Overview

Table 26  Aegis Scientific Inc.: Product Portfolio

Table 27  Aegis Scientific Inc.: Key Developments

Table 28 Godrej Medical Refrigerators: Overview

Table 29 Godrej Medical Refrigerators: Product Portfolio

Table 30 Godrej Medical Refrigerators: Key Developments

Table 31 Eppendorf AG: Overview

Table 32 Eppendorf AG: Product Portfolio

Table 33 Eppendorf AG: Key Developments

Table 34 LABREPCO: Overview

Table 35 LABREPCO: Product Portfolio

Table 36 LABREPCO: Key Developments

Table 37 PANASONIC HEALTHCARE CO.: Overview

Table 38 PANASONIC HEALTHCARE CO.: Product Portfolio

Table 39 PANASONIC HEALTHCARE CO.: Key Developments

Table 40 STANDEX: Overview

Table 41 STANDEX: Product Portfolio

Table 42 STANDEX: Key Developments

Table 43 LEIBHERR GROUP: Overview

Table 44 LEIBHERR GROUP: Product Portfolio

Table 45 LEIBHERR GROUP: Key Developments

Table 46 B Medical Systems S.à r.l.: Overview

Table 47 B Medical Systems S.à r.l.: Product Portfolio

Table 48 B Medical Systems S.à r.l.: Key Developments

Table 49 PHILIPP KIRSCH GMBH: Overview

Table 50 PHILIPP KIRSCH GMBH: Product Portfolio

Table 51 PHILIPP KIRSCH GMBH: Key Developments

 

List of Figures

Figure 1 Global Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 2 Global Vaccine Refrigerators Market Share, By End-User, 2019 & 2027 (%)

Figure 3 Global Vaccine Refrigerators Market Share, By Region, 2019 & 2027 (%)

Figure 4 Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 5 Global Vaccine Refrigerators Market Y-o-Y Growth, By Product, 2019-2027 (%)

Figure 6 Vaccine stainless steel refrigerators: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 7 Vaccine dual-temperature refrigerators: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 8 Vaccine under-counter refrigerators: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 9 Solar vaccine refrigerators: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 10 Others: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 11 Global Vaccine Refrigerators Market Y-o-Y Growth, By End-User, 2019-2027 (%)

Figure 12 Hospitals: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 13 Blood banks : Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 14 Pharmaceutical companies : Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 15 Academic & research institutes: Global Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 16 Global Vaccine Refrigerators Market Y-o-Y Growth, By Region, 2019-2027 (%)

Figure 17 North America Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 18 North America Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 19 North America Vaccine Refrigerators Market Share, By End-User, 2019 & 2027 (%)

Figure 20 North America Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 21 North America Vaccine Refrigerators Market Share, By Country, 2019 & 2027 (%)

Figure 22 South America Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 23 South America Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 24 South America Vaccine Refrigerators Market Share, By End-User, 2019 & 2027 (%)

Figure 25 South America Vaccine Refrigerators Market Share, By Country, 2019 & 2027 (%)

Figure 26 Europe Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 27 Europe Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 28 Europe Vaccine Refrigerators Market Share, By End-User, 2019 & 2027 (%)

Figure 29 Europe Vaccine Refrigerators Market Share, By Country, 2019 & 2027 (%)

Figure 30 Asia-Pacific Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 31 Asia-Pacific Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 32 Asia-Pacific Vaccine Refrigerators Market Share, By End-User, 2019 & 2027 (%)

Figure 33 Asia-Pacific Vaccine Refrigerators Market Share, By Country, 2019 & 2027 (%)

Figure 34 The Middle East & Africa Vaccine Refrigerators Market Value, 2018-2027 (US$ Million)

Figure 35 The Middle East & Africa Vaccine Refrigerators Market Share, By Product, 2019 & 2027 (%)

Figure 36 The Middle East & Africa Vaccine Refrigerators Market Share, By End-User, 2019 & 2027 (%)

Figure 37 The Middle East & Africa Vaccine Refrigerators Market Share, By Country, 2019 & 2027 (%)

Figure 38 Thermo Fisher Scientific Inc.: Financials

Figure 39  Haier Biomedical: Financials

Figure 40  Aegis Scientific Inc.: Financials

Figure 41 Godrej Medical Refrigerators: Financials

Figure 42 Eppendorf AG: Financials

Figure 43 LABREPCO: Financials

Figure 44 PANASONIC HEALTHCARE CO.: Financials

Figure 45 STANDEX: Financials

Figure 46 LEIBHERR GROUP: Financials

Figure 47 B Medical Systems S.à r.l.: Financials

Figure 48 PHILIPP KIRSCH GMBH: Financials

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