Technological advances such as SDD refrigerators and RFIDs in the industry are expected to propel the demand for vaccine storage and packaging. Several leading organizations are heavily investing in R & D to meet unmet consumer needs in vaccine storage and processing in health care facilities. In addition, growing understanding of early detection and prevention of diseases and the rising prevalence of infectious diseases has increased the need for preventive vaccines, further improving the need for vaccine storage and packaging. For instance:
• In 2019, the Polio Endgame Plan 2019–2023 was introduced by the WHO to immunize every child and eradicate polio. The project's key goals include preventing all outbreaks of vaccine-preventable poliovirus and removing the possibility of polio re-emergence in order to promote quick response and immunization in the event of outbreaks
• The Ambitious Multi-Year Plan (2018–22) was launched by the Indian government in 2018 to reduce mortality and morbidity due to vaccine-preventable diseases and ensure more than 90% vaccination coverage in the region
Impact of COVID-19
The COVID-19 pandemic is projected to boost the healthcare industry's need for appropriate storage and packaging supplies. Several pharmaceuticals and biopharmaceutical firms are investigating a possible vaccine against SARS-CoV-2, the COVID-19 pandemic-causing virus. The NIH has collaborated. with more than 18 biopharmaceutical firms to produce vaccines against SARS-CoV-2.
High pressure is expected to be established on the cold-chain logistics sector, with the need for global delivery of the approved drug, thereby providing an opportunity for joint efforts among Companies contributing to growth in the industry. Manufacturers of vaccines have reported total installed capacity that could manufacture as much as 1 billion doses by the end of 2020 and 9 billion doses by the end of 2021.
Key Highlights
• The vaccine storage and packaging market was valued at USD 27,082 million in 2019 and is expected to grow with a CAGR of 5.6%
• The storage segment is assessed to receive the largest share, owing to its vital role in the COVID-19 pandemic.
• Over the projected era, the services category is predicted to dominate the industry as most biopharmaceutical firms employ third parties for warehouse storage and transport services
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 August 2020, the United Parcel Service (UPS) developed a giant freezer farm capable of super-cooling millions of vials of a COVID-19 vaccine
• In May 2020, the UK Cold Chain Researchers launched COVID-19 Vaccine-Delivery Project in India
Vaccine Storage and Packaging Market: Segmentation
By Storage
• Storage Equipment
o Vaccine Refrigerator
o Vaccine Freezer
• Service
o Warehouse Storage
o Transportation
By Packaging
• Packaging Class
o Class A
o Class B
o Class C
• Packaging Carrier
o Vaccine Bags
o Vials
o Ampoules
o Insulated Shipping Cartons
o Insulated Pallet Shippers
• Packaging Level
o Primary Packaging
o Secondary Packaging
o Tertiary Packaging
By Region
• North America
o The US
o Canada
o Mexico
• Europe
o Germany
o The UK
o France
o Italy
o Spain
o Russia
o The Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Korea
o Australia
o Southeast Asia
o The Rest of Asia-Pacific
• Central and South America and the Caribbean
o Brazil
o Argentina
o Chile
o The Rest of Central and South America and the Caribbean
• The Middle East and Africa
o South Africa
o Egypt
o The UAE
o Saudi Arabia
o The Rest of MEA