Vaccines are sensitive biological substances that can lose their potency and effectiveness if exposed to temperatures outside their appropriate range. Vaccine storage equipment’s (such as refrigerators and 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 â€œCold Chainâ€. If the cold chain is not properly maintained, vaccine potency may be lost.
Implementation of Vaccination Programs Across the World
Vaccination programs are the most cost-effective ways to prevent diseases. 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. Some of the leading global programs include Immunization Program by UNICEF, and Vaccines for Children (VFC), among others.
Covid-19 Pandemic Impact and Government Initiatives Fuels the Market Demand
The outbreak of the COVID-19 pandemic had created a huge 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 healthy race among the top drug-makers and research institutes to develop a Covid-19 vaccine at the earliest which in turn is expected to increase the demand for vaccine storage equipment’s in future. For instance,
â€¢ In October 2021, UNICEF procured the equipment with funding from the Government of Japan through its global vaccine initiative â€˜Last One Mile Support.
â€¢ In September 2021, the Kenyan Ministry of Health received 12 items of ULT freezers and accessories for storage of COVID-19 vaccines.
Lack of Medical Infrastructure in Emerging Countries/Regions
The lack of storage infrastructure is the primary challenge in developing countries, 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 promising players operating in the global vaccine storage equipment market are AmerisourceBergen Corporation, Arctiko, B Medical Systems, Sartorius, and Vestfrost Solutions, among others.
The vaccine storage equipment market is a fast growing market that is expected to gain further growth momentum in the coming years due to technological developments, favorable regulatory landscape, and increasing investments from the governments globally.
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