Vaccine Storage and Packaging Market: Information by Storage (Storage Equipment, Service), Packaging (Packaging Class, Packaging Carrier, Packaging Level), and Region — Forecast till 2029

Feb 10, 2021   Vaccine storage equipment are laboratory systems that are used to preserve the life of vaccines in the desired state and prevent degradation. Sustaining vaccines at an appropriate temperature is important. It is one of the critical challenges the healthcare facilities are currently facing, as slight temperature variations might contribute to adverse effects on patients being vaccinated. Storage facilities for vaccines provide storage at varying temperatures ranging from -86 °c to 65 ° c ...
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Report Description

Vaccine storage equipment are laboratory systems that are used to preserve the life of vaccines in the desired state and prevent degradation. Sustaining vaccines at an appropriate temperature is important. It is one of the critical challenges the healthcare facilities are currently facing, as slight temperature variations might contribute to adverse effects on patients being vaccinated. Storage facilities for vaccines provide storage at varying temperatures ranging from -86 °c to 65 ° c and are available in various capacities depending on end-user requirements.

The global market for vaccine storage facilities is extremely fragmented, with many domestic players holding a key market share in each region. Efficient accessibility and technical knowledge of these products, high volume sector for vaccine storage facilities, and easy entry into the vaccine storage market for new players drive the market growth.

The vaccine storage and packaging market was valued at USD 20,200 million in 2019 and is expected to grow with a CAGR of 10.2%.

Vaccine-Storage-and-Packaging-Market

Increasing Government Expenditure on Immunization Programs to Drive the Market Growth

Growing expenditure by healthcare organizations and biopharma firms in vaccine research and development and growing government expenditure in immunization programs boost the market growth. The U.S. government, for example, sponsors numerous federal organizations and initiatives that are engaged in activities related to vaccination.  The government spends hundreds of millions of dollars per year on vaccine research and production to procure and administer vaccines to the states, ensure the protection of approved vaccines, and perform educational and other promotional initiatives to assist the use of vaccines.

Vaccine-Storage-and-Packaging-Market-Growth

Scientists at Scripps Research Florida have been active in creating a non-traditional vaccine to fight the viral strain SIVmac239, dubbed the 'death star.' The non - conventional vaccine developed by the researchers provides uninfected individuals with permanent immunity from various types of HIV. In addition, the prevalence of different infectious diseases and rising awareness of early detection and prevention of diseases have increased the demand for preventive vaccines.

Vaccination-Coverage-by-Vaccine-and-WHO-Region-Worldwide-2014

Source: CDC

Increasing Investment in Research and Development of Vaccines by the Healthcare Institutions and Biopharmaceutical Firms

Umpteen bio-pharmaceutical companies and healthcare agencies globally are heavily investing in vaccine production. In 2018, Innovate U.K. announced an investment of around USD 84.75 million to build and develop a U.K. Manufacturing Innovation Center for Nationwide Vaccinations. Moreover, the availability of refurbished goods and tight regulations hamper the market growth.

Several campaigns by institutions, including UNICEF, have expanded the use of vaccines over the years. The revolving fund Pan American Health Organization (PAHO) and the power of the UNICEF Supply Division cause vaccines to be procured for different countries at cheaper costs. Every year, PAHO and UNICEF procure vaccines for almost 40 states and about 100 countries, respectively, with a favorable effect on the pace of adoption.

The 2011–2020 Global Vaccine Action Plan (GVAP), supported by the 2012 World Health Assembly, is a framework providing equal access to vaccines. The plan calls for all countries to meet a 90% national coverage target for vaccines and 80% coverage in districts by 2015, with a continuous three-year coverage average by 2020.

Vaccine Storage and Packaging Market: Segmentation

Storage Segment to Dominate the Market during the Forecast Period

The storage segment dominates the market on account of the substantial investments in the research and development by biopharma companies to meet unmet patient needs in vaccine storage and transportation in health care facilities. As per the annual survey by PhRMA released in 2018 and biopharmaceutical research industry profile 2018, the overall research and development spending was at an all-time high in 2017, hitting USD 71.4 billion, up from USD 65.5 billion in 2016. In addition, there are more than 1,100 new medicines and vaccines in development for cancer alone.

Moreover, a substantial increase in corona cases (with approximately 1.5 million current COVID-19 cases worldwide every week) is further expected to intensify the demand for vaccines. Over 250 vaccine candidates are now being sought globally, with 30 currently in clinical trials and another 25 or so ready to reach human trials in 2020.

Furthermore, amplified government contribution in surging health awareness, implementation of vaccination programs, and surge in R&D funding for developing novel vaccines stimulate the growth of the storage equipment segment. For instance, in Nigeria, there are around 40.0% of wards furnished with active cold chain equipment. The government of Nigeria is installing at least one functional cold chain equipment in each ward in alliance with organizations, such as the WHO, UNICEF, and CHAI.

Insulated Shipping Cartons Compatibility with Sensitive Material to Drive Its Adoption among the End-Users

The insulated shipping cartons segment dominates the market, owing to higher compatibility with the sensitive material. The use of isothermal cartons for vaccines is projected to grow rapidly during the forecast period due to increased demand for affordable cold chain solutions for the vaccine's last-mile scope. Despite strong support from local government and numerous organizations, a number of children die each year due to unsuitable vaccination. Isothermal boxes for vaccines, specifically vaccine carriers, can be carried by a single health worker on foot or by bicycle to an outreach session because of their small size. In addition, isothermal vaccine boxes are used for transporting vaccines from primary health care centers to intermediate vaccine stores.

Recently, Pfizer provided the CDC with the information concerning their candidate's shipping and storage: the vaccine can be delivered in "dry ice bag" boxes, but it would be important to replenish the dry ice within 24 hours of receipt. The shipping carton must be closed within one minute of opening and not more than twice a day opened. When removed, vaccine vials can be held at refrigerator temperature for up to 24 hours or at room temperature for no longer than 2 hours after defrosting. Thus, it will take a very coordinated approach to ensure that the vaccine is properly treated. As compared, Moderna's candidate is surely easier to deal with. 

Vaccine-Storage-and-Packaging-Market-Segmentation

Furthermore, vaccines are likely to lose their effectiveness in case of failure to maintain the supply chain at the desired range of temperatures. As a result, intense efforts are being made to launch freeze-safe isothermal cartons for vaccines in the market. Thus, the increase in reported cases of infectious diseases is likely to spur the demand for vaccines.

Regional Overview

North American Vaccine Storage and Packaging Market Witness Robust Growth

North America leads the vaccine storage equipment market on account of the increasing research on vaccines, rising understanding of immunization services, the involvement of players in the region, and increasing prevalence of infectious diseases. As per the latest data shared by the CDC, from January to December, in 2019, around 1,282 individual cases of measles were reported in 31 states. Amongst, 128 cases were hospitalized and 61 were reported having complications, such as encephalitis and pneumonia. Also, above 73% of the cases were related in New York, owing to the recent outbreaks. Most reports were in persons that had not been vaccinated against measles. Measles is more likely to spread and cause outbreaks in the U.S. populations where groups of individuals are unvaccinated.

North-America-Lead-Vaccine-Storage-and-Packaging-Market

Government Spending in the Healthcare Sector to Drives APAC's Market Growth

APAC's vaccine storage and packaging market are witnessing positive growth, owing to the growing government spending in the healthcare sector and expanding healthcare facilities. Another factor driving its development is the growing attention of players in the Asian vaccine storage industry. In addition, developing markets such as India and China are offering lucrative growth opportunities. In August 2020, the Electronic Vaccine Intelligence Network (eVIN)was amended by the Ministry of Health and Family Welfare under the National Health Mission for use in the coronavirus pandemic.

Customers are predicting that in the future there will be a rise in demand for low-temperature shipping of vaccines, owing to the advances made in developing several COVID-19 vaccines. Local market players and investors are ramping up vaccine production, further positively impacting the regional market growth. For instance, recently, CanSino Biologics (China)declared that its phase two trial of the vaccine was positive, and the third-phase would start soon. Thus, low-temperature storage and shipping tends to be speculative and requires risk-taking, however, creating more opportunities for market growth.

Key Players

  • Thermo Fischer Scientific
  • Lineage Logistics
  • Cardinal Logistics
  • McKesson
  • AmerisourceBergen
  • DHL
  • DB Schenker
  • PANASONIC HEALTHCARE CO., LTD
  • NIPRO
  • American Biotech Supply
  • Arctiko A/S

Recent Developments

  • In May 2020, TruMed Solutions, Inc. announced the introduction of AccuShelfTM Total Practice Inventory Management System to complement the Storage and Handling Solution for AccuVaxVaccines

Vaccine Storage and Packaging Market: Segmentation

By Storage

  • Storage Equipment
    • Vaccine Refrigerator
    • Vaccine Freezer
  • Service
    • Warehouse Storage
    • Transportation

By Packaging

  • Packaging Class
    • Class A
    • Class B
    • Class C
  • Packaging Carrier
    • Vaccine Bags
    • Vials
    • Ampoules
    • Insulated Shipping Cartons
    • Insulated Pallet Shippers
  • Packaging Level
    • Primary Packaging
    • Secondary Packaging
    • Tertiary Packaging

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Spain
    • Russia
    • The Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Korea
    • Australia
    • Southeast Asia
    • The Rest of Asia-Pacific
  • Central and South America and the Caribbean
    • Brazil
    • Argentina
    • Chile
    • The Rest of Central and South America and the Caribbean
  • The Middle East and Africa
    • South Africa
    • Egypt
    • The UAE
    • Saudi Arabia
    • The Rest of MEA

Frequently Asked Questions (FAQs)

North America is expected to hold the highest market share in Vaccine Storage and Packaging Market.
Thermo Fischer Scientific, Lineage Logistics, Cardinal Logistics, McKesson, AmerisourceBergen, DHL, DB Schenker, PANASONIC HEALTHCARE CO., LTD, NIPRO are the top players in Vaccine Storage and Packaging Market.
In 2019 Global Vaccine Storage and Packaging Market was valued at USD 20,200 million.
Growing expenditure by healthcare organizations and biopharma firms in vaccine research and development and growing government expenditure in immunization programs are the key factors expected to drive Vaccine Storage and Packaging Market during the forecast period.
The vaccine storage and packaging market was valued at USD 20,200 million in 2019 and is expected to grow with a CAGR of 10.2%.
Storage Segment is expected to be the leading segment in Vaccine Storage and Packaging Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
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Vaccine storage equipment are laboratory systems that are used to preserve the life of vaccines in the desired state and prevent degradation. Sustaining vaccines at an appropriate temperature is important. It is one of the critical challenges the healthcare facilities are currently facing, as slight temperature variations might contribute to adverse effects on patients being vaccinated. Storage facilities for vaccines provide storage at varying temperatures ranging from -86 °c to 65 ° c and are available in various capacities depending on end-user requirements.

The global market for vaccine storage facilities is extremely fragmented, with many domestic players holding a key market share in each region. Efficient accessibility and technical knowledge of these products, high volume sector for vaccine storage facilities, and easy entry into the vaccine storage market for new players drive the market growth.

The vaccine storage and packaging market was valued at USD 20,200 million in 2019 and is expected to grow with a CAGR of 10.2%.

Vaccine-Storage-and-Packaging-Market

Increasing Government Expenditure on Immunization Programs to Drive the Market Growth

Growing expenditure by healthcare organizations and biopharma firms in vaccine research and development and growing government expenditure in immunization programs boost the market growth. The U.S. government, for example, sponsors numerous federal organizations and initiatives that are engaged in activities related to vaccination.  The government spends hundreds of millions of dollars per year on vaccine research and production to procure and administer vaccines to the states, ensure the protection of approved vaccines, and perform educational and other promotional initiatives to assist the use of vaccines.

Vaccine-Storage-and-Packaging-Market-Growth

Scientists at Scripps Research Florida have been active in creating a non-traditional vaccine to fight the viral strain SIVmac239, dubbed the 'death star.' The non - conventional vaccine developed by the researchers provides uninfected individuals with permanent immunity from various types of HIV. In addition, the prevalence of different infectious diseases and rising awareness of early detection and prevention of diseases have increased the demand for preventive vaccines.

Vaccination-Coverage-by-Vaccine-and-WHO-Region-Worldwide-2014

Source: CDC

Increasing Investment in Research and Development of Vaccines by the Healthcare Institutions and Biopharmaceutical Firms

Umpteen bio-pharmaceutical companies and healthcare agencies globally are heavily investing in vaccine production. In 2018, Innovate U.K. announced an investment of around USD 84.75 million to build and develop a U.K. Manufacturing Innovation Center for Nationwide Vaccinations. Moreover, the availability of refurbished goods and tight regulations hamper the market growth.

Several campaigns by institutions, including UNICEF, have expanded the use of vaccines over the years. The revolving fund Pan American Health Organization (PAHO) and the power of the UNICEF Supply Division cause vaccines to be procured for different countries at cheaper costs. Every year, PAHO and UNICEF procure vaccines for almost 40 states and about 100 countries, respectively, with a favorable effect on the pace of adoption.

The 2011–2020 Global Vaccine Action Plan (GVAP), supported by the 2012 World Health Assembly, is a framework providing equal access to vaccines. The plan calls for all countries to meet a 90% national coverage target for vaccines and 80% coverage in districts by 2015, with a continuous three-year coverage average by 2020.

Vaccine Storage and Packaging Market: Segmentation

Storage Segment to Dominate the Market during the Forecast Period

The storage segment dominates the market on account of the substantial investments in the research and development by biopharma companies to meet unmet patient needs in vaccine storage and transportation in health care facilities. As per the annual survey by PhRMA released in 2018 and biopharmaceutical research industry profile 2018, the overall research and development spending was at an all-time high in 2017, hitting USD 71.4 billion, up from USD 65.5 billion in 2016. In addition, there are more than 1,100 new medicines and vaccines in development for cancer alone.

Moreover, a substantial increase in corona cases (with approximately 1.5 million current COVID-19 cases worldwide every week) is further expected to intensify the demand for vaccines. Over 250 vaccine candidates are now being sought globally, with 30 currently in clinical trials and another 25 or so ready to reach human trials in 2020.

Furthermore, amplified government contribution in surging health awareness, implementation of vaccination programs, and surge in R&D funding for developing novel vaccines stimulate the growth of the storage equipment segment. For instance, in Nigeria, there are around 40.0% of wards furnished with active cold chain equipment. The government of Nigeria is installing at least one functional cold chain equipment in each ward in alliance with organizations, such as the WHO, UNICEF, and CHAI.

Insulated Shipping Cartons Compatibility with Sensitive Material to Drive Its Adoption among the End-Users

The insulated shipping cartons segment dominates the market, owing to higher compatibility with the sensitive material. The use of isothermal cartons for vaccines is projected to grow rapidly during the forecast period due to increased demand for affordable cold chain solutions for the vaccine's last-mile scope. Despite strong support from local government and numerous organizations, a number of children die each year due to unsuitable vaccination. Isothermal boxes for vaccines, specifically vaccine carriers, can be carried by a single health worker on foot or by bicycle to an outreach session because of their small size. In addition, isothermal vaccine boxes are used for transporting vaccines from primary health care centers to intermediate vaccine stores.

Recently, Pfizer provided the CDC with the information concerning their candidate's shipping and storage: the vaccine can be delivered in "dry ice bag" boxes, but it would be important to replenish the dry ice within 24 hours of receipt. The shipping carton must be closed within one minute of opening and not more than twice a day opened. When removed, vaccine vials can be held at refrigerator temperature for up to 24 hours or at room temperature for no longer than 2 hours after defrosting. Thus, it will take a very coordinated approach to ensure that the vaccine is properly treated. As compared, Moderna's candidate is surely easier to deal with. 

Vaccine-Storage-and-Packaging-Market-Segmentation

Furthermore, vaccines are likely to lose their effectiveness in case of failure to maintain the supply chain at the desired range of temperatures. As a result, intense efforts are being made to launch freeze-safe isothermal cartons for vaccines in the market. Thus, the increase in reported cases of infectious diseases is likely to spur the demand for vaccines.

Regional Overview

North American Vaccine Storage and Packaging Market Witness Robust Growth

North America leads the vaccine storage equipment market on account of the increasing research on vaccines, rising understanding of immunization services, the involvement of players in the region, and increasing prevalence of infectious diseases. As per the latest data shared by the CDC, from January to December, in 2019, around 1,282 individual cases of measles were reported in 31 states. Amongst, 128 cases were hospitalized and 61 were reported having complications, such as encephalitis and pneumonia. Also, above 73% of the cases were related in New York, owing to the recent outbreaks. Most reports were in persons that had not been vaccinated against measles. Measles is more likely to spread and cause outbreaks in the U.S. populations where groups of individuals are unvaccinated.

North-America-Lead-Vaccine-Storage-and-Packaging-Market

Government Spending in the Healthcare Sector to Drives APAC's Market Growth

APAC's vaccine storage and packaging market are witnessing positive growth, owing to the growing government spending in the healthcare sector and expanding healthcare facilities. Another factor driving its development is the growing attention of players in the Asian vaccine storage industry. In addition, developing markets such as India and China are offering lucrative growth opportunities. In August 2020, the Electronic Vaccine Intelligence Network (eVIN)was amended by the Ministry of Health and Family Welfare under the National Health Mission for use in the coronavirus pandemic.

Customers are predicting that in the future there will be a rise in demand for low-temperature shipping of vaccines, owing to the advances made in developing several COVID-19 vaccines. Local market players and investors are ramping up vaccine production, further positively impacting the regional market growth. For instance, recently, CanSino Biologics (China)declared that its phase two trial of the vaccine was positive, and the third-phase would start soon. Thus, low-temperature storage and shipping tends to be speculative and requires risk-taking, however, creating more opportunities for market growth.

Key Players

  • Thermo Fischer Scientific
  • Lineage Logistics
  • Cardinal Logistics
  • McKesson
  • AmerisourceBergen
  • DHL
  • DB Schenker
  • PANASONIC HEALTHCARE CO., LTD
  • NIPRO
  • American Biotech Supply
  • Arctiko A/S

Recent Developments

  • In May 2020, TruMed Solutions, Inc. announced the introduction of AccuShelfTM Total Practice Inventory Management System to complement the Storage and Handling Solution for AccuVaxVaccines

Vaccine Storage and Packaging Market: Segmentation

By Storage

  • Storage Equipment
    • Vaccine Refrigerator
    • Vaccine Freezer
  • Service
    • Warehouse Storage
    • Transportation

By Packaging

  • Packaging Class
    • Class A
    • Class B
    • Class C
  • Packaging Carrier
    • Vaccine Bags
    • Vials
    • Ampoules
    • Insulated Shipping Cartons
    • Insulated Pallet Shippers
  • Packaging Level
    • Primary Packaging
    • Secondary Packaging
    • Tertiary Packaging

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Italy
    • Spain
    • Russia
    • The Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Korea
    • Australia
    • Southeast Asia
    • The Rest of Asia-Pacific
  • Central and South America and the Caribbean
    • Brazil
    • Argentina
    • Chile
    • The Rest of Central and South America and the Caribbean
  • The Middle East and Africa
    • South Africa
    • Egypt
    • The UAE
    • Saudi Arabia
    • The Rest of MEA

Frequently Asked Questions (FAQs)

North America is expected to hold the highest market share in Vaccine Storage and Packaging Market.
Thermo Fischer Scientific, Lineage Logistics, Cardinal Logistics, McKesson, AmerisourceBergen, DHL, DB Schenker, PANASONIC HEALTHCARE CO., LTD, NIPRO are the top players in Vaccine Storage and Packaging Market.
In 2019 Global Vaccine Storage and Packaging Market was valued at USD 20,200 million.
Growing expenditure by healthcare organizations and biopharma firms in vaccine research and development and growing government expenditure in immunization programs are the key factors expected to drive Vaccine Storage and Packaging Market during the forecast period.
The vaccine storage and packaging market was valued at USD 20,200 million in 2019 and is expected to grow with a CAGR of 10.2%.
Storage Segment is expected to be the leading segment in Vaccine Storage and Packaging Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.