Market Overview:
The global medical refrigerators for vaccine storage market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for vaccines and rising awareness about their benefits. In addition, the growing number of outbreaks and epidemics are also contributing to the growth of this market. The global medical refrigerators for vaccine storage market can be segmented on the basis of type into paracetamol, aspirin, ibuprofen, naproxen, diclofenac, oxaprozin and dexibuprofen. On the basis of application, this market can be segmented into adults and children. Geographically, this market can be segmented into North America, Latin America Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
A medical refrigerator is a specifically designed piece of medical equipment used to store vaccines, blood products, and other drugs or biological specimens that must be kept at a low temperature. The importance of using a medical refrigerator for vaccine storage is that it helps maintain the integrity of the vaccine and keeps it from being exposed to high temperatures which could potentially render it ineffective.
Paracetamol:
Paracetamol, also known as acetaminophen or APAP is the most commonly used medicine in the world. It's a widely available over-the-counter (OTC) medication and has been proven to be more effective than any other drug for pain and fever reduction. Paracetamol is easily available in both generic as well as brand name forms across all regions globally which further drives its usage rate.
Aspirin:
Aspirin is a drug used to treat pain, inflammation, and fever. It is also used as an anti-inflammatory drug in the treatment of rheumatoid arthritis. Aspirin can be administered in three ways; by mouth (as tablets or capsules), by injection into a muscle (as an acetaminophen), and topically on the skin as salicylic acid lotion or solution. The most common use of aspirin these days is for pain management after surgery.
Application Insights:
Based on application, the global market has been segmented into adults and children. The adult segment held a larger share in 2017 owing to the increasing prevalence of chronic diseases, such as cardiovascular disorders, cancer and diabetes among other conditions. On the other hand, vaccines are generally stored at room temperature in cold storage for use during pandemic or international travel. Henceforth, this is expected to drive demand for medical refrigerators for vaccine storage over the forecast period.
The U.S., China and India are projected to account for a significant share of revenue due to high spending on healthcare products coupled with rising adoption of advanced healthcare facilities across these countries globally.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of manufacturers coupled with high spending power and awareness regarding vaccination is some of the major factors contributing to its growth. In addition, government initiatives such as the establishment of vaccine storage facilities are also expected to drive demand over the forecast period. For instance, in 2014, CDC established two cold chain facilities that each stored around 200 million vaccines at -40 degrees Celsius for anti-flu vaccines (Fluzone). These government initiatives have led to an increase in demand for vaccine refrigerators globally.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing investments by governments and private players towards development and production of medical devices including refrigerators used for storage purposes.
Growth Factors:
- Increasing demand for vaccines due to rising incidence of infectious diseases
- Growing awareness about the benefits of vaccination
- Government initiatives and programs for immunization drives
- Technological advancements in medical refrigerators that improve vaccine storage conditions
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Refrigerators for Vaccine Storage Market Research Report
By Type
Paracetamol, Aspirin, Ibuprofen, Naproxen, Diclofenac, Oxaprozin, Dexibuprofen, Others
By Application
Adults, Children
By Companies
Mallinckrodt Pharmaceuticals, IOL, Anqiu Lu'an Pharmaceutical, Novacyl, BASF, Anhui BBCA Pharmaceuticals, Hubei Biocause, Xinhua Pharm, Granules India Limited, Huagang Pharm, Hebei Jiheng Pharmaceutical, Zhejiang Kangle Pharmaceutical, Hebei Jingye Medical Technology, MSPF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Medical Refrigerators for Vaccine Storage Market Report Segments:
The global Medical Refrigerators for Vaccine Storage market is segmented on the basis of:
Types
Paracetamol, Aspirin, Ibuprofen, Naproxen, Diclofenac, Oxaprozin, Dexibuprofen, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adults, Children
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mallinckrodt Pharmaceuticals
- IOL
- Anqiu Lu'an Pharmaceutical
- Novacyl
- BASF
- Anhui BBCA Pharmaceuticals
- Hubei Biocause
- Xinhua Pharm
- Granules India Limited
- Huagang Pharm
- Hebei Jiheng Pharmaceutical
- Zhejiang Kangle Pharmaceutical
- Hebei Jingye Medical Technology
- MSPF
Highlights of The Medical Refrigerators for Vaccine Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Paracetamol
- Aspirin
- Ibuprofen
- Naproxen
- Diclofenac
- Oxaprozin
- Dexibuprofen
- Others
- By Application:
- Adults
- Children
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Refrigerators for Vaccine Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical refrigerators are specifically designed to store vaccines. They are typically very cold, which helps to preserve the vaccine.
Some of the key players operating in the medical refrigerators for vaccine storage market are Mallinckrodt Pharmaceuticals, IOL, Anqiu Lu'an Pharmaceutical, Novacyl, BASF, Anhui BBCA Pharmaceuticals, Hubei Biocause, Xinhua Pharm, Granules India Limited, Huagang Pharm, Hebei Jiheng Pharmaceutical, Zhejiang Kangle Pharmaceutical, Hebei Jingye Medical Technology, MSPF.
The medical refrigerators for vaccine storage market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Refrigerators for Vaccine Storage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Refrigerators for Vaccine Storage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Refrigerators for Vaccine Storage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Refrigerators for Vaccine Storage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Refrigerators for Vaccine Storage Market Size & Forecast, 2020-2028
4.5.1 Medical Refrigerators for Vaccine Storage Market Size and Y-o-Y Growth
4.5.2 Medical Refrigerators for Vaccine Storage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Paracetamol
5.2.2 Aspirin
5.2.3 Ibuprofen
5.2.4 Naproxen
5.2.5 Diclofenac
5.2.6 Oxaprozin
5.2.7 Dexibuprofen
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Adults
6.2.2 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Refrigerators for Vaccine Storage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Refrigerators for Vaccine Storage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Paracetamol
9.6.2 Aspirin
9.6.3 Ibuprofen
9.6.4 Naproxen
9.6.5 Diclofenac
9.6.6 Oxaprozin
9.6.7 Dexibuprofen
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Adults
9.10.2 Children
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Paracetamol
10.6.2 Aspirin
10.6.3 Ibuprofen
10.6.4 Naproxen
10.6.5 Diclofenac
10.6.6 Oxaprozin
10.6.7 Dexibuprofen
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Adults
10.10.2 Children
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Paracetamol
11.6.2 Aspirin
11.6.3 Ibuprofen
11.6.4 Naproxen
11.6.5 Diclofenac
11.6.6 Oxaprozin
11.6.7 Dexibuprofen
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Adults
11.10.2 Children
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Paracetamol
12.6.2 Aspirin
12.6.3 Ibuprofen
12.6.4 Naproxen
12.6.5 Diclofenac
12.6.6 Oxaprozin
12.6.7 Dexibuprofen
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Adults
12.10.2 Children
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Paracetamol
13.6.2 Aspirin
13.6.3 Ibuprofen
13.6.4 Naproxen
13.6.5 Diclofenac
13.6.6 Oxaprozin
13.6.7 Dexibuprofen
13.6.8 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Adults
13.10.2 Children
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Refrigerators for Vaccine Storage Market: Competitive Dashboard
14.2 Global Medical Refrigerators for Vaccine Storage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mallinckrodt Pharmaceuticals
14.3.2 IOL
14.3.3 Anqiu Lu'an Pharmaceutical
14.3.4 Novacyl
14.3.5 BASF
14.3.6 Anhui BBCA Pharmaceuticals
14.3.7 Hubei Biocause
14.3.8 Xinhua Pharm
14.3.9 Granules India Limited
14.3.10 Huagang Pharm
14.3.11 Hebei Jiheng Pharmaceutical
14.3.12 Zhejiang Kangle Pharmaceutical
14.3.13 Hebei Jingye Medical Technology
14.3.14 MSPF
