The global vaccine storage and packaging market size reached around US$ 21.8 Billion in 2020. Vaccine storage and packaging refer to various laboratory devices and equipment used to preserve, store and transport vaccines. Some of the commonly used vaccine storage equipment includes refrigerators and freezers that store vaccine vials, ampoules and corrugated boxes. The vaccines are packed and stored in individual containers and bundled together in cold boxes and carriers under cold chain facilities that regulate and maintain the desired internal temperature for ensuring safe transportation of the product. As a result, they find extensive applications across blood banks, hospitals, laboratories, pharmacies and other healthcare centers.
The increasing prevalence of various viral infections and immunological disorders across the globe represents one of the key factors driving the growth of the market. With the onset of the coronavirus disease (COVID-19), there is a significant increase in the requirement for efficient vaccine storage and packaging facilities. Furthermore, rising awareness regarding the early diagnosis and prevention of infectious diseases has enhanced the demand for protective vaccines, is also driving the market growth. Additionally, various technological advancements, such as the development of innovative cold chain facilities with minimal risks of vaccine freezing and improved quality control, are acting as other growth-inducing factors. In line with this, the market is also driven by the implementation of favorable government policies to promote various immunization programs and to optimize the production, storage and distribution of vaccines. Other factors, including improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities in the field of biotechnology, are anticipated to drive the market further. Looking forward, IMARC Group expects the global vaccine storage and packaging market to continue its strong growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global vaccine storage and packaging market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, segment, vaccine storage breakup by segment, vaccine packaging breakup by type and end user.
Breakup by Segment:
Vaccine Storage Breakup by Segment:
Vaccine Packaging Breakup by Type:
Breakup by End User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being AmerisourceBergen Corporation, Arctiko A/S, Cardinal Logistics Management Corporation, DHL International GmbH (The Deutsche Post AG), Lineage Logistics LLC, McKesson Corporation, Nipro Corporation, PHC Holdings Corporation, Schenker Aktiengesellschaft (Deutsche Bahn) and Thermo Fisher Scientific Inc.
The global vaccine storage and packaging market was worth around US$ 21.8 Billion in 2020.
According to the estimates by IMARC Group, the global vaccine storage and packaging market will exhibit strong growth during the next five years.
The increasing prevalence of various viral infections and immunological disorders along with the growing awareness towards early diagnosis and prevention of such diseases, are some of the key drivers for the global vaccine storage and packaging market.
Sudden outbreak of the COVID-19 pandemic had augmented the demand for efficient vaccines to eradicate coronavirus infection, thereby propelling the market for vaccine storage and packaging solutions.
On the basis of the segment, the market has been bifurcated into vaccine storage and vaccine packaging. Amongst these, vaccine storage holds the largest market share.
On the basis of the end user, the market has been classified into biopharmaceutical companies, hospitals, medical laboratories, and others. Amongst these, hospitals represent the largest application segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
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