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Global Vaccines Storage Equipment Market Expected to Reach US$ 2,802.1 Million by 2027

Global Vaccines Stor

iCrowdNewswire   Jan 11, 2021  10:00 AM ET

20_Vaccines Storage Equipment Market Size

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Vaccines Storage Equipment Market by Product Types, Distribution Channels, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 932.1 Million in 2019 and is expected to grow at a healthy growth rate of 15.4 % by the year 2027. The global Vaccines Storage Equipment market is anticipated to grow owing to increasing demand for vaccines worldwide. Further, growing focus on immunization programs, and increasing awareness among consumers for vaccine are the factors which is expected to drive the growth of the global Vaccines Storage Equipment market.

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The global Vaccines Storage Equipment market is fragmented based on types, by products, distribution channels, and region. Based on types, the Vaccines Storage Equipment market is segmented into portable equipment and non-portable equipment. On the basis of products, the Vaccines Storage Equipment market is segregated into refrigerators, freezers, and other equipment. In terms of end-users, the market is classified as biopharmaceutical companies, hospitals, medical laboratories, and others. Based on region, the global Vaccines Storage Equipment market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, Egypt, Iran, Israel, South Africa, UAE, and Rest of Middle East & Africa (MEA).

In year 2020, the Vaccines Storage Equipment market is expected to witness the rapid growth due to COVID 19 pandemic. However, increased prevalence of the COVID-19 globally has increased the need of the vaccine for the treatment of COVID-19. This, in turn, has increased investment in the research and development the COVID- 19 vaccine. Hence, the demand for Vaccines Storage Equipment is projected to increases during the forecast period. However, the market is anticipated to witness slight fluctuations in demand and supply for Vaccines Storage Equipment due to closing of international trades.

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As per GMR industry analyst Akshata Ahire, “The Global Vaccines Storage Equipment Market is anticipated to witness significant growth during forecast period 2021-2027 driven by growing focus on immunization programs, increasing awareness among consumers for vaccines, rising infectious diseases, and growing investment in R&D. Since, technological advancement in refrigeration of vaccines and increasing opportunities for vaccine manufacturer’s factors possesses as an opportunity for this market.

Key Takeaways from the Study:

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Report Scope:

Report Metric


Market Value in 2019

US$ 932.1 Million

Market Growth Rate (from 2021 to 2027)

15.4 %

Historical Data

2017 & 2018

Base Year


Forecast Period

2020 – 2027

Units Considered

Value (US$ Million)

Market Segments

By Types , By Products, By End-user

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, Indonesia, Australia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

Thermo Fisher Scientific, Inc. , Godrej, Haier Biomedical, Eppendorf AG, and Helmer Scientific Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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