Vaccine Storage Equipment Market is expected to grow at a CAGR of 8-10% by 2026

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Vaccine Storage Equipment Market Growing with
Leading Key Players AmerisourceBergen
Corporation, Arctiko, B Medical Systems
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Vaccines are sensitive biological substances that
can lose their power and effectiveness if exposed
to temperatures outside the proper range. Vaccine
storage equipment (such as refrigerators and
freezers) plays a very significant role in
protecting individuals and communities from
vaccine-preventable diseases. A powerful vaccine
"Cold Chain" is the first step in proper
vaccination handling and storage. The potency of
the vaccines may be lost if the cold chain is not
properly maintained. The Global Vaccine Storage
Equipment Market is expected to grow at a rate of
8-10 by 2026. The rising incidence of infectious
diseases and immunological disorders, large-scale
implementation of vaccination programs by global
health agencies, technical developments in
vaccine storage equipment, rising RD expenditure
in biotechnological industries for vaccine
research storage, and increasing government
focus on immunization programs are some of the
main factors driving the global vaccine storage
equipment market. Implementation of the Global
Vaccination Programs Vaccination programs are
among the most cost-effective ways to prevent
disease. Currently, a large number of vaccination
programs are run by international organizations
(such as WHO, and UNICEF) as well as local
governments across the globe. Vaccines for
Children (VFC) and the Immunization Program by
UNICEF are a couple of the major global programs.
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• Ultra-Low Temperature (ULT) Cold Storage for mRNA
  based Vaccine Drives the Vaccine Storage
  Equipment Market
• When Pfizer-BioNTech and Moderna announced the
  growth of their COVID-19 vaccines that require
  ultra-cold storage at -70 C to prevent
  degradation of mRNA-based covid vaccines, a
  newfound interest in ultra-cold storage started
  to rise.
• For instance,
• In April 2022, To strengthen Armenias National
  cold chain capacity and boost COVID-19
  immunization programs, UNICEF, with USAID
  funding, procured 80 refrigerators and 285
  freezers
• In December 2021, The UN Childrens Fund (UNICEF)
  with support from USAID delivered 14 ultra-low
  temperature freezers for storage of Pfizer
  vaccines in Ukraine
• Explore Premium Report on Vaccine Storage
  Equipment Market _at_ https//meditechinsights.com/gl
  obal-vaccine-storage-equipment-market/

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• Covid-19 Impact Government Initiatives Fuels
  the Demand of Vaccine Storage Equipment Market
• Worldwide demand for vaccines has increased due
  to the COVID-19 pandemic outbreak. Due to the
  differences between COVID-19 vaccines and other
  vaccines, COVID-19 vaccine products also had an
  impact on the types of vaccine storage units and
  temperature monitoring devices required to
  maintain the cold chain.
• The initiatives taken by the government
  organizations have triggered a race among leading
  drug-makers and research institutes to develop a
  Covid-19 vaccine at the earliest which in turn is
  projected to raise the need for vaccine storage
  equipment in the future.
• For instance,
• In October 2021, UNICEF procured the equipment
  with funding from the Government of Japan through
  its global vaccine initiative Last One Mile
  Support
• In September 2021, the Kenyan Ministry of
  Health received 12 items of ULT freezers and
  accessories for storage of COVID-19 vaccines

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• Lack of Infrastructure in Emerging Economies
• The absence of storage infrastructure is the most
  basic challenge in evolving countries, typically
  in the areas of operational efficiency, planning,
  talent availability, transportation, and
  warehousing infrastructure, as well as data
  systems and governance models.
• Companies Adopting Inorganic Growth Strategies to
  Increase their Market Share
• Players operating in the vaccine storage
  equipment market adopt both organic and inorganic
  growth strategies such as collaborations and
  acquisitions, to garner market share.
• For instance,
• In April 2022, Dulas announced the agreement with
  IoT Company Beyond, to provide integrated remote
  temperature monitoring on its Solar Direct Drive
  vaccine refrigerators
• In June 2021, AmerisourceBergen
  Corporation announced the acquisition of Alliance
  Healthcare
• The vaccine storage equipment market is a rising
  market that is expected to gain further momentum
  in the coming years due to an increase in the
  development of technology, a favorable regulatory
  landscape, and increasing investments from the
  government globally.

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Competitive Landscape Analysis of Vaccine Storage
Equipment Market Some of the key/promising
players operating in the global vaccine storage
equipment market include AmerisourceBergen
Corporation, Arctiko, B Medical Systems,
Sartorius, and Vestfrost Solutions, among
others. For More Detailed Insights, Contact Us
_at_ https//meditechinsights.com/contact-us/ About
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healthcare-focused business research insights
firm. Our clients include Fortune 500 companies,
blue-chip investors hyper-growth start-ups. We
have completed 100 projects in Digital Health,
Healthcare IT, Medical Technology, Medical
Devices Pharma Services. Contact Ruta
Halde Associate, Medi-Tech Insights 32 498 86 80
79 info_at_meditechinsights.com