Global Vaccine Storage Equipment Market is poised to grow at a steady rate of 8-10% by 2026

BRUSSELS - July 14, 2022 - PRLog -- Vaccines are sensitive biological substances that can lose their potency and effectiveness if exposed to temperatures outside their range. Vaccine storage equipment (such as medical refrigerators and medical freezers) play a major role in protecting individuals and communities from vaccine-preventable diseases. Proper storage and handling of vaccines begin with an effective vaccine "Cold Chain". If the cold chain is not properly maintained, vaccine potency may be lost.

Implementation of the Global Vaccination Programs

Vaccination programs are among the most cost-effective ways to prevent a disease. Presently, a number of vaccination programs are run by international organizations (WHO, UNICEF) as well as local governments across the globe. Some of the leading global programs are Immunization Program by UNICEF, and Vaccines for Children (VFC), among others.

Covid-19 Impact and Government Initiatives Triggers the Market Demand

The outbreak of the COVID-19 pandemic has created a vast demand for vaccines all over the world. COVID-19 vaccine products also impacted the types of vaccine storage units and temperature monitoring devices used to maintain the cold chain, including the use of ultra-cold storage as COVID-19 vaccines differ from those of other vaccines.

The initiatives taken by the government organizations have triggered a race among leading drug-makers and research institutes to develop an efficient Covid-19 vaccine at the earliest which in turn is expected to increase the demand for vaccine storage equipment in future.

Lack of Medical Infrastructure in Emerging Regions

The lack of medical storage infrastructure is the key challenge in developing countries and regions, typically in the areas of operational efficiency, planning, talent availability, transportation, and warehousing infrastructure, as well as data systems and governance models.

Competitive Landscape Analysis: Vaccine Storage Equipment Market

Some of the leading and emerging players operating in the global vaccine storage equipment market are AmerisourceBergen Corporation, Arctiko, B Medical Systems, Sartorius, and Vestfrost Solutions, among others.

Companies Adopting Efficient Growth Strategies to Increase their Market Share in Vaccine Storage Equipment Market

Major players operating in the global vaccine storage equipment market have adopted both organic and inorganic growth strategies such as collaborations and acquisitions, to garner higher 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.

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