The latest report by IMARC Group, titled “Vaccine Storage and Packaging Market Report by Segment (Vaccine Storage, Vaccine Packaging), Vaccine Storage Segment (Storage Equipment, Service), Vaccine Packaging Type (Packaging Type, Packaging Level), End User (Biopharmaceutical Companies, Hospitals, Medical Laboratories, and Others), and Region 2024-2032,” offers a comprehensive analysis of the vaccine storage and packaging market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global vaccine storage and packaging market size reached USD 30.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 62.2 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032.
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Vaccine Storage and Packaging Market Dynamics:
- Latest Trends
The cold storage supply chain of vaccines is expected to witness advanced forms of transformation owing to the technological advancements and need for efficacious cold chain. For instance smart packaging that includes IoT sensors makes it possible to monitor temperature and moisture levels during distribution and storage, thereby retaining the potency of the vaccines.
Besides, the increased focus on sustainability in packaging has provided opportunities for the use of bio-based and environmentally friendly materials in vaccine packaging. Such trends are not only responding to environmental challenges but also fulfilling the tough standards set by health authorities in different parts of the world, hence more dynamism and future oriented to the market.
- Growth Drivers
In the world of medicine, packaging of any product is extremely crucial. The circumstance affecting the rise of the vaccine storage and packaging erection includes rising the incidence of contagious diseases, and increased focus on vaccination programs by authorities and health centres. Likewise, the healthcare system development in emerging markets has also contributed to the development of the market, since these regions are working towards better vaccine coverage.
Moreover, the development of individualized drugs and mRNA-based vaccines generated the need for certain forms of storage and packaging which could provide ultra-low temperature maintenance. All these factors, along with major research and development expenditures, are pushing the market for strong growth.
- Future Demand
The biological and medical advancement oriented imbibaltion of the units against new pathogens and possible pandemics will mean the future generations of the human race will constantly look. Furthermore, the rise in customer input towards safety and efficacy of vaccines has resulted in a shift towards in fortification embedded import protection system in the chain.
Also, the campaign targeting vaccination against non privileged sections has led to the need for innovative non expensive storage means. So, with the changing of the healthcare sector, the effective expansion of the supply chain management will determine the globalization of the market after the immunization unit challenges are resolved.
Vaccine Storage and Packaging Market Trends:
The market for the storage and packaging of vaccines is changing due to technology, policy orders, and the needs of the customers. With the novel digital technologies, the capability of smart packaging has brought about a revolution concerning tracking and monitoring at the vaccine supply chain. Environmental perspectives have favored the incorporation of recyclable or biodegradable materials which are a trend across the world.
In addition, recent developments in cold chain logistics such as portable cooling devices, and advanced insulating materials have resolved issues faced with the distribution of vaccines in remote and underdeveloped locations. The scope of inversion with the demand is the focus which adds value to the health and economy in the global context.
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Vaccine Storage and Packaging Market Segmentation:
Breakup by Segment:
- Vaccine Storage
- Vaccine Packaging
Vaccine Storage Breakup by Segment:
- Storage Equipment
- Refrigerators
- Freezers
- Others
- Service
- Warehouse Storage Services
- Transportation Services
Vaccine Packaging Breakup by Type:
- Packaging Type
- Vaccine Cool Bags, Vials and Ampoules
- Corrugated Boxes
- Others
- Packaging Level
- Primary
- Secondary
- Tertiary
Breakup by End User:
- Biopharmaceutical Companies
- Hospitals
- Medical Laboratories
- Others
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Top Vaccine Storage and Packaging Market Leaders:
The vaccine storage and packaging market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- AmerisourceBergen Corporation
- Arctiko A/S
- Cardinal Logistics Management Corporation
- DHL International GmbH (The Deutsche Post AG)
- Lineage Logistics LLC
- McKesson Corporation
- Nipro Corporation
- PHC Holdings Corporation
- Schenker Aktiengesellschaft
- Thermo Fisher Scientific Inc.
About US:
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