The Global
Vaccine Storage Equipment Market is expected to grow at a
rate of 8-10% by 2026. Rising number of infectious diseases and
immunological disorders, large-scale implementation of vaccination programs by
global health agencies, technological advancements in vaccine storage
equipment, rising R&D expenditure in biotechnological industries for
vaccine research & storage, and rising government focus on immunization
programs are some of the key factors driving the market’s growth.
Vaccines are sensitive biological substances that can lose
their potency and effectiveness if they are exposed to temperatures outside the
appropriate range, or when exposed to light. Therefore, to maintain the quality
of vaccines they should be continuously kept within their determined
temperature range from production to intended use. Vaccine storage equipment
(such as refrigerators and freezers) plays a very important role in protecting
individuals and communities from vaccine-preventable diseases.
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Proper storage and handling of vaccines begin with an
effective vaccine “Cold Chain”. A cold chain is a temperature-controlled supply
chain that includes all vaccine-related equipment and procedures. The cold
chain begins with the cold storage unit at the manufacturing plant, extends to
the transport and delivery of the vaccine and proper storage at the provider
facility, and ends with the administration of the vaccine to the patient. If
the cold chain is not properly maintained, vaccine potency may be lost,
resulting in extra doses for patients, increased costs for providers, and
wastage of vaccine supply. To ensure the proper safety of vaccines, the
following equipment is recommended:
- Stand-alone
refrigerators: Possess enough space to accommodate maximum
inventory without crowding.
- Stand-alone
freezers: Possess enough space to accommodate maximum inventory
without crowding, the only difference between a refrigerator and a freezer
is its temperature.
- Digital
data logger (DDL): Data loggers are electronic devices that
continuously read and record environmental temperatures to provide an
accurate report of vaccine temperatures over time.
Implementation of the Global Vaccination Programs
Vaccinations help to save lives and prevent
serious illnesses. They are recognized as one of the most effective public
health interventions available today. Vaccination programs are among the most
cost-effective ways to prevent disease. Currently, a large number of vaccination
programs are run by international organizations (such as WHO, UNICEF, GAVI) as
well as local governments across the globe. These organizations have created a
significant network that works in close collaboration with World Bank, World
Trade Organization (WTO), International Monetary Fund, CDC, AVAT, Africa
Centres for Disease Control and Prevention (Africa CDC), African Vaccine
Acquisition Trust (AVAT), and other key partners to monitor progress, identify
changes needed to resolve bottlenecks, coordinate information, and manage
vaccination status at a large scale. Some of the leading global programs
include The Global Vaccine Action plan (GVAP), Immunization Program by UNICEF,
Vaccines for Children (VFC), and COVAX Program among others.
Ultra-Low Temperature (ULT) Cold Storage for mRNA
based Vaccine Drives the Vaccine Storage Equipment Market
ULT cold storage refers to freezers used mainly in the
life sciences and clinical labs to store critical samples for long periods.
While the standard household freezer can provide temperatures as cold as -20°C,
ULT freezers offer temperatures between -40 to -86°C (-40°F to -186°F).
When Pfizer-BioNTech and Moderna announced the development of their COVID-19
vaccines that require ultra-cold storage at -70 °C to prevent degradation of
mRNA-based covid vaccines, a newfound interest in ultra-cold storage
started to rise. For instance,
- In
April 2022, To strengthen Armenia’s National cold chain capacity and boost
COVID-19 immunization programs, UNICEF, with USAID funding, procured 80
refrigerators and 285 freezers. These refrigerators and freezers will be
distributed to 250 primary health care facilities across Armenia,
enhancing the availability of vaccines for all communities.
- In
December 2021, The UN Children’s Fund (UNICEF) with support from USAID
delivered 14 ultra-low temperature freezers for storage of Pfizer vaccines
in Ukraine.
- In
September 2021, 26 ultra-low temperature freezers delivered by UNICEF
through COVAX in August are enabling Bangladesh to receive, store and
distribute large quantities of COVID-19 vaccines that require ultra-cold
storage.
These freezers can simultaneously store up to 3 million
doses of vaccines requiring ultra-low temperatures up to -86°C and also
increase the shelf-life of vaccines which is critical for global deployment.
ULT freezers also have many other uses, such as the storage of tissue samples,
enzymes, and other biological materials in laboratories. This increase in the
usage of ultra-low temperature cold storage is expected to drive the vaccine
storage equipment market.
Covid-19 Impact & Government Initiatives Fuels the
Demand of Vaccine Storage Equipment Market
The outbreak of the COVID-19 pandemic has created an urgent
demand for vaccines all over the world. The emergence of COVID-19 has also
disrupted routine vaccination programs across the world, with
GAVI estimating that approximately 80 million children will be
affected across at least 68 countries. COVID-19 vaccine products also impacted
the types of vaccine storage units and temperature monitoring devices used to
maintain the cold chain, including the use of ultra-cold storage as COVID-19
vaccines differ from those of other vaccines.
The initiatives taken by the government organizations have
triggered a race among leading drug-makers and research institutes to develop a
Covid-19 vaccine at the earliest which in turn is expected to increase the
demand for vaccine storage equipment in the future. For instance,
- In
October 2021, UNICEF procured the equipment with funding from the
Government of Japan through its global vaccine initiative ‘Last One Mile
Support.’
- In
September 2021, the Kenyan Ministry of Health received 12 items of
ultra-low temperature freezers and accessories for storage of COVID-19
vaccines that require very low temperatures.
- In
February 2021, the US FDA announced that it will be allowing undiluted
frozen vials of the Pfizer-BioNTech COVID-19 vaccine to be transported and
stored at conventional temperatures commonly found in pharmaceutical
freezers for a period of up to two weeks.
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Lack of Infrastructure in Emerging Economies
The lack of storage infrastructure is the most basic
challenge in developing countries, typically in the areas of operational
efficiency, planning, talent availability, transportation, and warehousing
infrastructure, as well as data systems and governance models. Currently,
existing cold-chain capacity within developing countries is largely geared for
the 2 to 8°C temperatures required for most routine immunization
vaccines. Adding ultra cold chain storage to the system will require
significant funding, and the ability for multiple countries to procure
sufficient freezers simultaneously, also it would require significant expertise
to install correctly and conduct capability building in operations staff to
ensure proper and safe handling.
Competitive Landscape Analysis: Vaccine Storage Equipment
Market
Some of the key/promising players operating in the vaccine
storage equipment market include AmerisourceBergen Corporation, Arctiko A/S, B
Medical Systems, Biobase Biodusty, Fiocchetti, Dulas Ltd, Eppendorf AG, EVERmed
Srl, UL, Helmer Scientific Inc., Labcold Limited, PHC Holdings Corporation,
Philipp Kirsch GmbH, Qingdao Haier Biomedical Co., Sartorius, Thermo Fisher
Scientific Inc., Vestfrost Solutions, Antylia Scientific, and American Biotech
Supply, among others.
Companies Adopting Inorganic Growth Strategies to
Increase their Market Share
The vaccine storage equipment market is a growing market
marked by the presence of both established and new players. Players operating
in the market adopt both organic and inorganic growth strategies such as
collaborations and acquisitions, to garner market share. For instance,
- In
April 2022, Dulas announced the agreement with IoT Company Beyond, to
provide integrated remote temperature monitoring on its Solar Direct Drive
vaccine refrigerators. These smart refrigerators are likely to save time
and money and ultimately lead to a more efficient, effective, and
sustainable cold chain.
- In
June 2021, AmerisourceBergen Corporation announced the acquisition of
Alliance Healthcare. The acquisition advances the ability of
AmerisourceBergen Corporation to provide innovative and global healthcare
solutions in pharmaceutical distribution.
The global vaccine storage equipment market is a growing
market that is expected to gain further momentum in the coming years due to an
increase in the development of smart technology, a favorable regulatory
landscape, increasing investments from the government globally, and aggressive
organic and inorganic growth strategies followed by the players.
About Medi-Tech Insights
Medi-Tech Insights is a healthcare-focused business research
& insights firm. Our clients include Fortune 500 companies, blue-chip
investors & hyper-growth start-ups. We have completed 100+ projects in
Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma
Services in the areas of market assessments, due diligence, competitive
intelligence, market sizing and forecasting, pricing analysis &
go-to-market strategy. Our methodology includes rigorous secondary research combined
with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply
side decision-makers.
Contact:
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
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