The latest market report published by Credence Research, Inc. “Global Vaccine Storage Medical Refrigerators Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global Vaccine Storage Medical Refrigerators Market generated revenue of around USD 2154.6 million in 2022 and is anticipated to grow a CAGR of over 5.5% during the forecast period from 2023 to 2030 to reach around USD 3134.25 million in 2030.
A few major factors fundamentally driving the growth of the global market for medical refrigerators for vaccine storage include the rapidly increasing prevalence of chronic diseases among the population and the subsequent robust development of various vaccines. As a result, demand for medical refrigerators is rising in all global markets. The rapid expansion of massive vaccination campaigns carried out by international health organizations (such as UNICEF, WHO, GAVI (Global Alliance for Vaccines and Immunization), and Vaccine for Children Program) is also expected to significantly accelerate the growth of the global vaccine storage medical refrigerators market in the upcoming years.
The global Vaccine Storage Medical Refrigerators market is bifurcated into Type, Application, and Geography. Based on type, the market is categorized into electric-power refrigerators and solar-power refrigerators. The global market is segmented into hospitals and epidemic prevention stations based on applications. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America will hold the largest share of the global vaccine storage medical refrigerators market in 2022. North America’s high healthcare spending, expanding academic and pharmaceutical sectors’ research and development efforts, growing public awareness of immunization campaigns, and vaccine demand all contribute to this. This would benefit the market for vaccine storage medical refrigerators in North America over the forecast period.
The Vaccine Storage Medical Refrigerators Market major players analysis is a crucial aspect of the healthcare industry, as it highlights the top companies that are dominating this market. The global vaccine storage medical refrigerators market has seen substantial growth in recent years due to increasing demand for safe and effective vaccines, especially amid the COVID-19 pandemic. Some of the leading players analyzed in this report include PHC Corporation, Helmer Scientific Inc., Eppendorf AG, Panasonic Healthcare Co Ltd., and Haier Biomedical among others.
These companies have gained significant traction in the market by offering technologically advanced products that ensure reliable temperature control and monitoring for vaccines. Additionally, most of these key players are focusing on expanding their product portfolio with innovative features such as remote monitoring systems that allow real-time data tracking and storage management tools to enhance efficiency. As more emphasis is placed on vaccine cold chain management worldwide, these leaders will continue to drive innovation and develop new solutions aimed at improving vaccine safety and efficacy.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global Vaccine Storage Medical Refrigerators market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global vaccine storage medical refrigerators market segmentation based on type and application.
- Major countries in each region with their import/export statistics
- The global Vaccine Storage Medical Refrigerators market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.