Global Vaccine Storage Equipment Market Anticipates Healthy 8-10% Growth by 2026

BRUSSELS - Oct. 20, 2023 - PRLog -- Vaccines are delicate biological agents that lose efficacy and efficiency when exposed to temperatures outside of the recommended range. Vaccine storage equipment (such as refrigerators and freezers) plays a critical role in preventing vaccine-preventable illnesses in persons and communities.

Global Vaccination Program Implementation is Boosting the Vaccine Storage Equipment Market

Vaccination programs are among the most cost-effective methods of disease prevention. Currently, international organizations (such as WHO and UNICEF) and local governments across the world conduct a vast number of immunization programs.

Ultra-Low Temperature (ULT) Cold Storage for mRNA based Vaccines Drives the Vaccine Storage Equipment Market

When Pfizer-BioNTech and Moderna announced the development of their COVID-19 vaccines, which need ultra-cold storage at -70 °C to avoid degradation of mRNA-based covid vaccines, a growing interest in ultra-cold storage began to increase. For example,

• In April 2022, To strengthen Armenia's 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 Children's Fund (UNICEF) with support from USAID delivered 14 ultra-low temperature freezers for storage of Pfizer vaccines in Ukraine.

Covid-19 Impact and Government Initiatives Drive Demand for Vaccine Storage Equipment

The COVID-19 epidemic has produced an urgent need for immunizations all around the world. Because COVID-19 vaccines differ from those of other vaccines, the types of vaccine storage units and temperature monitoring systems used to maintain the cold chain, including the usage of ultra-cold storage, were also influenced.

Lack of infrastructure in emerging economies is a major impediment to the expansion of the vaccine storage equipment market.

The most fundamental difficulty in underdeveloped nations is a lack of storage infrastructure, which often affects operational efficiency, planning, talent availability, transportation and warehousing infrastructure, as well as data systems and governance frameworks.

Analysis of the Competitive Landscape in the Vaccine Storage Equipment Market

AmerisourceBergen Corporation, Arctiko, B Medical Systems, Sartorius, and Vestfrost Solutions are some of the key/promising competitors in the worldwide vaccine storage equipment market. Companies Adopting Inorganic Growth Strategies to Increase their Vaccine Storage Equipment Market Share

The vaccine storage equipment market is a developing industry that is likely to acquire speed in the next years due to increased technological development, a favorable regulatory framework, and increased government funding internationally.

Detailed Insights on Vaccine Storage Equipment Market @ https://meditechinsights.com/global-vaccine-storage-equipment-market/