Market Overview:
The global vaccine refrigerator market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for vaccines due to rising incidence of infectious diseases and growing awareness about preventive measures among people. In addition, the increasing number of initiatives by governments and non-governmental organizations (NGOs) for immunization programs is also contributing to the growth of this market. The global vaccine refrigerator market can be segmented on the basis of type into common indoor type and cold chain type. The common indoor type segment is expected to account for a larger share in terms of revenue in 2018, owing to its low cost and easy installation as compared with cold chain type refrigerators.
Product Definition:
A vaccine refrigerator is a device used to store vaccines at the correct temperature. The importance of vaccine refrigerators is that they help to keep vaccines stable and effective.
Common Indoor Type:
The global common indoor type is expected to witness significant growth in the coming years. The growth of this market can be attributed to growing urbanization and increasing disposable income of consumers globally. Additionally, factors such as changing lifestyles, work-from-home culture due to lockdown situations and increased internet penetration are also driving the demand for common indoor units across various regions.
Cold Chain Type:
The global cold chain type is expected to witness significant growth over the forecast period. The major drivers of this market are increasing demand for vaccines and rising awareness among people regarding vaccination. Moreover, growing government initiatives towards immunization across the globe is also one of the key factors driving this market globally.
Application Insights:
Based on application, the global vaccine refrigerators market is segmented into hospitals, other applications and epidemic prevention stations. Hospitals were estimated to be the largest application segment in 2017. The need for maintaining temperature control during storage & transportation of vaccines has resulted in a large-scale adoption of vaccine refrigerators at hospitals across the world.
The other applications include research institutes and industrial production units (IPU). These facilities are involved in various stages of product development such as manufacturing, processing or packaging which require cold chain management for maintaining safety & efficacy of vaccines throughout its life cycle from production to distribution.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of vaccine manufacturers and an increase in government initiatives to immunize children against preventable diseases are some factors contributing to the growth of this regional market. Asia Pacific is expected to be the fastest-growing region during the forecast period due to increasing investments by governments and private players for manufacturing vaccines at a domestic level, coupled with growing awareness about vaccination programs among people. Moreover, increasing demand for generic drugs from developing countries such as India is also anticipated to drive growth over the forecast period. In addition, rising incidence of infectious diseases owing to lack of hygiene and poor lifestyle choices will boost product demand further.
Moreover, economic development along with improvement in healthcare infrastructure has led major pharmaceutical companies including Merck & Co., Pfizer Inc.
Growth Factors:
- Increasing demand for vaccines due to rising incidence of infectious diseases
- Growing awareness about the benefits of vaccination
- Technological advancements in vaccine refrigerators that improve their performance and durability
- Rising investments by governments and private organizations for improving vaccine storage infrastructure
- Increasing demand for cold chain logistics services to transport vaccines
Scope Of The Report
Report Attributes
Report Details
Report Title
Vaccine Refrigerator Market Research Report
By Type
Common Indoor Type, Cold Chain Type
By Application
Hospitals, Epidemic Prevention Station, Others
By Companies
Panasonic, Dometic, Haier, Kirsch Medical, Helmer, SO-LOW, Follett, Standex, Thermo Fisher, Lec Medical, Dulas, Labcold, Vestfrost Solutions, B Medical Systems, Migali Scientific, Felix Storch, Indrel, SunDanzer, Sun Frost, Sure Chill, Shoreline Medical, Woodley
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Vaccine Refrigerator Market Report Segments:
The global Vaccine Refrigerator market is segmented on the basis of:
Types
Common Indoor Type, Cold Chain Type
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
Hospitals, Epidemic Prevention Station, Others
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:
- Panasonic
- Dometic
- Haier
- Kirsch Medical
- Helmer
- SO-LOW
- Follett
- Standex
- Thermo Fisher
- Lec Medical
- Dulas
- Labcold
- Vestfrost Solutions
- B Medical Systems
- Migali Scientific
- Felix Storch
- Indrel
- SunDanzer
- Sun Frost
- Sure Chill
- Shoreline Medical
- Woodley
Highlights of The Vaccine Refrigerator 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:
- Common Indoor Type
- Cold Chain Type
- By Application:
- Hospitals
- Epidemic Prevention Station
- Others
- 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 Vaccine Refrigerator 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A vaccine refrigerator is a specialized piece of equipment used to store vaccines. It is typically a small, temperature-controlled room with shelves for storing vaccines in their original packaging.
Some of the key players operating in the vaccine refrigerator market are Panasonic, Dometic, Haier, Kirsch Medical, Helmer, SO-LOW, Follett, Standex, Thermo Fisher, Lec Medical, Dulas, Labcold, Vestfrost Solutions, B Medical Systems, Migali Scientific, Felix Storch, Indrel, SunDanzer, Sun Frost, Sure Chill, Shoreline Medical, Woodley.
The vaccine refrigerator market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vaccine Refrigerator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vaccine Refrigerator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vaccine Refrigerator Market - Supply Chain
4.5. Global Vaccine Refrigerator Market Forecast
4.5.1. Vaccine Refrigerator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vaccine Refrigerator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vaccine Refrigerator Market Absolute $ Opportunity
5. Global Vaccine Refrigerator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vaccine Refrigerator Market Size and Volume Forecast by Type
5.3.1. Common Indoor Type
5.3.2. Cold Chain Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vaccine Refrigerator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vaccine Refrigerator Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Epidemic Prevention Station
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vaccine Refrigerator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vaccine Refrigerator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vaccine Refrigerator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vaccine Refrigerator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vaccine Refrigerator Demand Share Forecast, 2019-2026
9. North America Vaccine Refrigerator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vaccine Refrigerator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vaccine Refrigerator Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Epidemic Prevention Station
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vaccine Refrigerator Market Size and Volume Forecast by Type
9.7.1. Common Indoor Type
9.7.2. Cold Chain Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vaccine Refrigerator Demand Share Forecast, 2019-2026
10. Latin America Vaccine Refrigerator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vaccine Refrigerator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vaccine Refrigerator Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Epidemic Prevention Station
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vaccine Refrigerator Market Size and Volume Forecast by Type
10.7.1. Common Indoor Type
10.7.2. Cold Chain Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vaccine Refrigerator Demand Share Forecast, 2019-2026
11. Europe Vaccine Refrigerator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vaccine Refrigerator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vaccine Refrigerator Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Epidemic Prevention Station
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vaccine Refrigerator Market Size and Volume Forecast by Type
11.7.1. Common Indoor Type
11.7.2. Cold Chain Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vaccine Refrigerator Demand Share, 2019-2026
12. Asia Pacific Vaccine Refrigerator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vaccine Refrigerator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vaccine Refrigerator Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Epidemic Prevention Station
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vaccine Refrigerator Market Size and Volume Forecast by Type
12.7.1. Common Indoor Type
12.7.2. Cold Chain Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vaccine Refrigerator Demand Share, 2019-2026
13. Middle East & Africa Vaccine Refrigerator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vaccine Refrigerator Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vaccine Refrigerator Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Epidemic Prevention Station
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vaccine Refrigerator Market Size and Volume Forecast by Type
13.7.1. Common Indoor Type
13.7.2. Cold Chain Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vaccine Refrigerator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vaccine Refrigerator Market: Market Share Analysis
14.2. Vaccine Refrigerator Distributors and Customers
14.3. Vaccine Refrigerator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dometic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Haier
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kirsch Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Helmer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SO-LOW
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Follett
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Standex
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thermo Fisher
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lec Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dulas
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Labcold
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vestfrost Solutions
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. B Medical Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Migali Scientific
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Felix Storch
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Indrel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. SunDanzer
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sun Frost
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sure Chill
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
