The vaccine storage equipment market is projected to reach USD 1.21 billion by 2029 from USD 0.86 billion in 2024, at a CAGR 7.2% from 2024 to 2029.
Vaccine storage equipment is equipment designed specifically for freezing and refrigerating vaccines. These devices are designed to store vaccines at particular temperature ranges, preserving their potency, safety, and efficacy. These vaccine storage equipment include refrigerator, freezer, monitoring devices, vaccine carriers/cold boxes and other associated accessories. Vaccines are stored and transported using these equipment. When vaccinations are stored properly, they don't degrade and are therefore less likely to be lost during the supply chain from the manufacturer to the patient.
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Some of the prominent players operating in the market include Cardinal Health Inc. (US), Eppendorf SE (Germany), Thermo Fisher Scientific Inc. (US), PHC Holdings Corporation (Japan), Azenta Inc. (US), Standex International Corporation (US), Blue Star Limited (India), Haier biomedical (China), Dulas Ltd. (UK), MVE Biological Solutions (US), Arctiko Ltd (UK), Evermed S.r.l., A Everlasting group Company (Italy), and Philipp Kirsch GmbH, A Hettich Group Company (Germany), and among others.
Azenta Inc. (US)
Azenta Inc. company is a global leader in providing biological and chemical compound sample exploration and management solutions for thee life science science industry. The company formerly known as Brooks Automation, Inc, the company rebranded to Azenta Inc. on December 2021. On October 2022, Azenta Inc company expanded its portfolio by acquiring B Medical Systems S.a.r.l. The company caters to vaccine storage equipment market through its B Medical Systems segment. Through B Medical Systems segment delivers comprehensive cold chain equipment, including plasma freezers, ultra-low freezers, and among others. The company generates their revenue from key regions, including US, Africa, China, UK, Europe, and Asia Pacific.
Thermo Fisher Scientific (US)
Thermo Fisher Scientific Inc. is a global leader in serving science and a prominent plyer in the vaccine storage equipment market. The company caters to the vaccine storage equipment through their laboratory products and biopharma services segment. Through this segment the company provides comprehensive equipment for laboratories, serving diverse markets such as pharmaceuticals, biotechnology, academia, government, and other research and industrial sectors. The company serves a broad customer base of over 400,000 clients, including pharmaceutical and biotech firms, hospitals, diagnostic labs, universities, research institutions, government agencies.
Eppendorf SE (Germany)
Eppendorf SE is a market leader in vaccine storage equipment market. The company focuses on developing, manufacturing, and marketing high-end goods, software, and services. The company operates in four business segments; Separation & Instrumentation, Liquid Handling, Consumables, and Lab Solutions (Bioprocess & digital). Among these, The company caters to vaccine storage equipment business through their separation and instrumentation segment. The company offers state-of-the-art PCR thermal cyclers, ULT freezers, and centrifuges. These equipment are essential for preserving the integrity of vaccinations while they are being transported and stored. The company operates throughout Europe, US, China, Malaysia, Japan, India, Korea, the United Arab Emirates, Singapore, and other countries.
Related Reports:
Vaccine Storage Equipment Market by Product (Refrigerator (Large & Small Capacity)), Freezer ((Low & Ultra-Low Temperature Freezer)), Vaccine Carrier/Cold Box, Monitoring Device ((Temperature Monitoring & Alarm)), Type, End User- Global Forecast to 2029
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