Vaccine Storage and Packaging Market PPT(2021- 2026) : Global Trends, Scope, Demand and Forecast

Global Vaccine Storage and Packaging Market Research Report and Forecast 2021-2026

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Report Description and Highlights

Report Description

Global Vaccine Storage and Packaging Market Outlook 2026: According to the latest report by IMARC Group, titled " Vaccine Storage and Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and F orecast 2021-2026 ," The global vaccine storage and packaging market reached around US$ 21.8 Billion in 2020.

Vaccine storage and packaging are laboratory devices that are utilized to preserve and store vaccines in optimum temperatures and ensure proper handling of vaccine vials and ampoules during transportation and storage. These storage solutions, including refrigerators and freezers, are widely available in a vast range of capacities that vary depending upon the user requirements.

Since exposure to temperatures outside the recommended range can reduce the potency and protection offered by the vaccines, they are packed in individual cylindrical vials and then bundled together in inner containers called cold boxes and vaccine carriers. Consequently, these devices are extensively used across blood banks, hospitals, pharmacies, medical laboratories, and other healthcare centers.

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Report Description and Highlights

Report Description

Global Vaccine Storage and Packaging Market Trends: The global market is primarily driven by the increasing incidences of numerous viral infections and immunological disorders, which have impelled the need for efficient vaccine storage and packaging facilities. Moreover, the rising awareness among the masses regarding early diagnosis and prevention of infectious diseases has provided an impetus to the demand for protective vaccines, which, in turn, is anticipated to create a positive outlook for the market.

This is being supported by the increasing focus of several governments on immunization programs, which has contributed to the escalating requirement for vaccine storage and packaging solutions across public clinics, hospitals and vaccination centers. The market is further driven by the continual technological advancements in cold chain facilities, which has led to the advent of storage solutions that offer minimal risks of vaccine freezing and improved quality control. Apart from this, the rapid outbreak of COVID-19 has created an escalating need for efficient storage and packaging equipment across the globe.

Cold chain logistics companies are actively investing in the development of their infrastructure due to the rising requirement for efficient global distribution of the approved vaccines. Some of the other factors contributing to the market growth include extensive research and development (R&D) activities in the field of biotechnology.

Report Description and Highlights Report Description Market Summary: Breakup by Segment: • Vaccine Storage • Vaccine Packaging Breakup by Vaccine Storage: • Refrigerators • Freezers Breakup by Vaccine Packaging: • Vaccine Cool Bags, Vials and Ampoules • Corrugated Boxes Breakup by End User: • Biopharmaceutical Companies • Hospitals • Medical Laboratories

Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market to grow at a CAGR of 10.4% during 2021-2026.

Report Description and Highlights Report Description Competitive Landscape With Key players: • 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 (Deutsche Bahn) • Thermo Fisher Scientific Inc View Report TOC, Figures and Tables: https://www.imarcgroup.com/vaccine-storage-packaging-market

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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