Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Vaccine Refrigerators Market to reach USD 676.09 million by 2027.

Global Vaccine Refrigerators Market Size study, by Product (Vaccine stainless steel refrigerators, vaccine dual-temperature refrigerators, vaccine under-counter refrigerators, solar vaccine refrigerators, and others) by End-User (Hospitals, blood banks, pharmaceutical companies and academic & research institutes) and Regional Forecasts 2020-2027

Product Code: HALDAT_49495398
Publish Date: 11-02-2021
Page: 200

Global Vaccine Refrigerators Market is valued approximately USD 421 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.1 % over the forecast period 2020-2027. Vaccine refrigerators are used to store vaccines to protect them from deterioration at the temperature necessary. Vaccine coolers have stable, ultra-low temperatures specially designed to preserve vaccine stability. Vaccine storage is influenced by the sunny climate in developed nations and by energy shortage problems in rural areas and thus, solar power vaccine fridges are used in these countries. Refrigerators with vaccines are cost-effective and exceptionally reliable. The major factors propelling the growth of Vaccine Refrigerators market are the growth in the number of infectious diseases contributing to an increase in vaccine demand, in turn fueling the market growth. The last decades have seen an increase in the number of epidemics with the introduction of new viruses into society. For example, the outbreak of Ebola virus that threatened the African region between 2014-16 and the annual recurring seasonal influenza virus. Large-scale vaccination of the risk-associated population is needed to fight these diseases, which raises the demand for glass vaccine vials during the forecast era. As of March 2016, Ebola virus resulted in nearly 29 thousand outbreaks and over 11.3 thousand deaths, according to the World Health Organisation. Although the flu outbreak leads to deaths worldwide between 290 thousand to 650 thousand persons. In comparison, the last COVID-19 pandemic resulted in 111 million cases of positive Corona Virus. Owing to the high prevalence and recurrence of these diseases, the need for a vaccine refrigerator for proper storage and transport of the vaccine is stimulating the growth of the industry. Also, the increasing research and development activities of advanced vaccine development institutes and government agencies have further increased the market for vaccine refrigerators. The global vaccine refrigerator market is powered by increased investment by government agencies and comprehensive pharmaceutical industry R&D efforts for new vaccine production. A broad patient pool for immunization is produced by the high prevalence of infectious diseases such as flu, mumps and other viral infections. This provides the vaccine refrigerator industry with growth opportunities. In addition, technologically advanced products such as solar vaccine coolers are projected to provide the industry with growth opportunities in the near future. However, High cost of refrigerators designed specifically for vaccines is a key factor expected to curtail growth of the global market over the forecast period. Moreover, growing trend of using refurbished equipment is another factor expected to hinder growth of the total market in the near future.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical overview of the global Vaccine Refrigerators industry. North America is the leading region across the world in terms of market share owing to the growing demand for vaccines due to increasing research and development activities in the academic and pharmaceutical industries, increasing awareness of immunization services, and high health care spending in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as rapidly increasing number of infectious diseases in the country and government efforts to raise awareness about immunization services to prevent outbreak diseases would create lucrative growth prospects for the Vaccine Refrigerators market across Asia-Pacific region.

Major market player included in this report are:
Thermo Fisher Scientific Inc.
Haier Biomedical
Aegis Scientific Inc.
Godrej Medical Refrigerators
Eppendorf AG
Panasonic Healthcare Co.
Leibherr Group
B Medical Systems S.à r.l.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Vaccine stainless steel refrigerators
Vaccine dual-temperature refrigerators
Vaccine under-counter refrigerators
Solar vaccine refrigerators
By End-User:
Blood banks
Pharmaceutical companies
Academic & research institutes

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Vaccine Refrigerators Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Vaccine Refrigerators Market, by Region, 2018-2027 (USD Million)
1.2.2. Vaccine Refrigerators Market, by Product, 2018-2027 (USD Million)
1.2.3. Vaccine Refrigerators Market, by End User, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vaccine Refrigerators Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vaccine Refrigerators Market Dynamics
3.1. Vaccine Refrigerators Market Impact Analysis (2018-2027)
3.1.1. Market Drivers Growth in the number of infectious diseases Increased investment by government agencies and comprehensive pharmaceutical industry R&D efforts
3.1.2. Market Challenges High cost of refrigerators Growing trend of using refurbished equipment
3.1.3. Market Opportunities Increasing research and development activities Technologically advanced products such as solar vaccine coolers
Chapter 4. Global Vaccine Refrigerators Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Vaccine Refrigerators Market, by Product
5.1. Market Snapshot
5.2. Global Vaccine Refrigerators Market by Product, Performance – Potential Analysis
5.3. Global Vaccine Refrigerators Market Estimates & Forecasts by Product 2017-2027 (USD Million)
5.4. Vaccine Refrigerators Market, Sub Segment Analysis
5.4.1. Vaccine stainless steel refrigerators
5.4.2. Vaccine dual-temperature refrigerators
5.4.3. Vaccine under-counter refrigerators
5.4.4. Solar vaccine refrigerators
5.4.5. Others
Chapter 6. Global Vaccine Refrigerators Market, by End User
6.1. Market Snapshot
6.2. Global Vaccine Refrigerators Market by End User, Performance – Potential Analysis
6.3. Global Vaccine Refrigerators Market Estimates & Forecasts by End User 2017-2027 (USD Million)
6.4. Vaccine Refrigerators Market, Sub Segment Analysis
6.4.1. Hospitals
6.4.2. Blood banks
6.4.3. Pharmaceutical companies
6.4.4. Academic & research institutes
Chapter 7. Global Vaccine Refrigerators Market, Regional Analysis
7.1. Vaccine Refrigerators Market, Regional Market Snapshot
7.2. North America Vaccine Refrigerators Market
7.2.1. U.S. Vaccine Refrigerators Market Product breakdown estimates & forecasts, 2017-2027 End User breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Vaccine Refrigerators Market
7.3. Europe Vaccine Refrigerators Market Snapshot
7.3.1. U.K. Vaccine Refrigerators Market
7.3.2. Germany Vaccine Refrigerators Market
7.3.3. France Vaccine Refrigerators Market
7.3.4. Spain Vaccine Refrigerators Market
7.3.5. Italy Vaccine Refrigerators Market
7.3.6. Rest of Europe Vaccine Refrigerators Market
7.4. Asia-Pacific Vaccine Refrigerators Market Snapshot
7.4.1. China Vaccine Refrigerators Market
7.4.2. India Vaccine Refrigerators Market
7.4.3. Japan Vaccine Refrigerators Market
7.4.4. Australia Vaccine Refrigerators Market
7.4.5. South Korea Vaccine Refrigerators Market
7.4.6. Rest of Asia Pacific Vaccine Refrigerators Market
7.5. Latin America Vaccine Refrigerators Market Snapshot
7.5.1. Brazil Vaccine Refrigerators Market
7.5.2. Mexico Vaccine Refrigerators Market
7.6. Rest of The World Vaccine Refrigerators Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Thermo Fisher Scientific Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Haier Biomedical
8.2.3. Aegis Scientific Inc.
8.2.4. Godrej Medical Refrigerators
8.2.5. Eppendorf AG
8.2.7. Panasonic Healthcare Co.
8.2.8. Standex
8.2.9. Leibherr Group
8.2.10. B Medical Systems S.à r.l.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now