Global Vaccine Storage and Packaging Market: Overview
Technological advancements such as RFIDs and SDD refrigerators as well as their growing acceptance is furthering the growth trajectory of the global vaccine storage and packaging market. Several of the leading players in the global vaccine storage and packaging market are committing significant portion of their resources to address the unmet medical needs in storage and packaging of vaccines through constant research and development. Furthermore, increasing awareness regarding the early disease prevention as well as detection and rising instances of infectious diseases has boosted the demand for protective vaccines. This trend is expected to favour the growth in global vaccine storage and packaging market.
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The research report carefully assesses the current conditions in the global vaccine storage and packaging market and projects the market’s forthcoming trajectory during the forecast period of 2021 to 2031. It highlights positive trends and advances that can prove to be of great benefit to the rising climb of the global vaccine storage and packaging market in the next few years. It also assesses the altering landscape of the industry in coming years and projects the performance potential of the global vaccine storage and packaging market during the forecast period of 2021 to 2031. The business intelligence report highlights various important regions as well as leading countries operative within the global vaccine storage and packaging market. It takes into account their size, share, status, as well as forecast till 2031. It also presents insights regarding lucrative opportunities presented to the stakeholders and players in these regional vaccine storage and packaging markets in coming years.
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Global Vaccine Storage and Packaging Market: Major Trends and Drivers
Rising investments in research and development in order to develop new vaccines by various biopharmaceutical players as well as healthcare institutions coupled with increasing investment by governments across the world on immunization initiatives are expected to foster the development trajectory of the global vaccine storage and packaging market over the forecast period. For example, the government of the United States supports various public programs by various public agencies involved in vaccine related initiatives. Steadily increasing world immunization coverage is also driving the demand in the global vaccine storage and packaging market.
Moreover, owing to the COVID-19 pandemic, the demand for effective vaccine transport and storage is anticipated to skyrocket in current year. This trend is expected to favour the growth of the global vaccine storage and packaging market in coming years. Furthermore, dearth of in-house storage facilities as well as packaging capabilities along with lack of expertise and constant budgeting constraints faced by government institutions, academic institutions, and biopharmaceutical companies are expected to propel the demand in the global vaccine storage and packaging market in near future.
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Global Vaccine Storage and Packaging Market: Key Players and Manufacturers
Few of the most prominent players functional within the global vaccine storage and packaging market include Lineage Logistics, DHL, Cardinal Logistics, Thermo Fisher Scientific, American Biotech Supply, NIPRO, Amerisource Bergen, DB Schenker, McKesson, Panasonic Healthcare Co., Ltd. and Arctiko A/S, among others. Players and manufacturers in the global vaccine storage and packaging market are adopting various growth strategies such as mergers and acquisitions as well as expansions to capture a larger consumer base.
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Global Vaccine Storage and Packaging Market: Regional Assessment
Geographically, the vaccine storage and packaging market can be segmented into five regions, namely, North America, Middle East and Africa, Europe, South America, and Asia Pacific. Among these, Europe region dominated the global vaccine storage and packaging market in terms of revenue in the recent past. This trend can be attributed to increased awareness regarding vaccination programs, increasing prevalence of various infectious diseases, rising research aimed at developing new vaccines, and presence of massive number of logistic partners with years of expertise within the region.
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