Vaccine Storage Medical Refrigerators Market

Author: Reports and Insights

The rising number of vaccination programs worldwide and other major driving factors is expected to favour the rise in the global vaccine storage medical refrigerators market

 

Reports and Insights has published a new report titled, “Vaccine Storage Medical Refrigerators Market: Opportunity Analysis and Future Assessment 2020-2028

Global Vaccine Storage Medical Refrigerators Market, By Product (Vaccine Stainless Steel Refrigerators, Vaccine Dual-Temperature Refrigerators, Vaccine Under-Counter Refrigerators, Solar Vaccine Refrigerators, Freezer, Ref/Freezer Combo, Others), By Function (Auto Defrost, Manual Defrost), By Door Type (Glass (Hinged, Sliding), Solid), By Type (Chest, Cabinet, Mobile, Built-In, Compact, Portable, Bench-top, Pass thru), By End User (Hospitals, Blood Banks, Pharmaceutical Companies, Academic and Research Institutes, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.

The global vaccine storage medical refrigerators market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.

An adequate and appropriate vaccine preservation and management practices perform an extremely significant role in securing individuals and communities from vaccine-preventable ailments. Vaccines must be constantly stocked in a confined temperature range – from the moment they are manufactured until the time of vaccination. This is owing to the fact that temperatures that are too low or too high can induce the vaccine to lose its efficacy (its capability to secure against illnesses). The U.S. Centers for Disease Control characterizes medical freezers and refrigerators as purpose-built units. The manufacturers have developed these pharmaceutical-grade tools and equipment to stock and preserve biological products. Owing to which, the global vaccine storage medical refrigerators market is projected to rise significantly in the forthcoming years.

The medical equipment has numerous advantages over regular household refrigeration units, comprising precise and consistent temperature control and monitoring, backups for emergency power failures and more such benefits, elevates its demand across the global markets. Attributing to which, the global vaccine storage medical refrigerators market is expected to grow substantially in the following years. Though heavy costs of medical refrigerators and other cold storage equipment is likely to hold back the market growth. Nevertheless, the swiftly growing prevalence of chronic diseases among the population, and thus robust development of various vaccines, is essentially boosting the demand of medical refrigerators across the global markets.

Reports and Insights Study identifies some of the key participating players in the vaccine storage medical refrigerators market globally are Thermo Fisher Scientific, PANASONIC HEALTHCARE CO.,LTD,  American Biotech Supply, Arctiko A/S, Eppendorf AG, EVERmed Srl, Haier AE, Helmer Scientific, Philipp Kirsch GmbH, PHC Corporation, Dometic Group, Dulas, Meiling, Vestfrost Solutions, Indrel Scientific, Felix Storch, Follett, SunDanzer, Sure Chill, SO-LOW, among others.

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