What is Vaccine Storage & Packaging Market?
The vaccine storage & packaging market is expected to grow in the future due to increased investment in the development of vaccines by biopharmaceutical companies and healthcare institutions and rising government investment in immunization programs. Technological advancements in the storage and packaging of vaccine boosting the growth of the market. Increasing worldwide vaccination coverage is further propelling the global industry.
The market study is being classified by Type (Vaccine Storage and Vaccine Packaging) and major geographies with country level break-up.
AmerisourceBergen Corporation (United States), World Courier (United Kingdom), DHL International GmbH (Germany), DB Schenker (Germany), Cardinal Logistics (United States), McKesson (United States), Thermo Fischer Scientific (United States), American Biotech Supply (United States), Arctiko A/S (Denmark) and Nipro Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are PHC Corporation (Japan) and SF Express Co., Ltd (China).
The top firms are in a competition that has their strong R&D backup for research studies and the further things which are required to get approval for storage and packaging of vaccines. Mergers and acquisitions are other options to change the market strategies and earn more reputation in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Vaccine Storage & Packaging market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Vaccine Storage & Packaging market by Type, Application and Region.
On the basis of geography, the market of Vaccine Storage & Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Prevalence of Various Viral Infections and Immunological Disorders across the Globe
- Increasing Awareness regarding the Early Diagnosis and Prevention of Infectious Diseases
- Development of Innovative Cold Chain Facilities with Minimal Risks of Vaccine Freezing
- High Cost of the Design and Development of the Packaging
- Improvements in the Healthcare Infrastructure in Developing Countries
- Surging Investment in R & D of Vaccines by the Healthcare Institutions and Biopharmaceutical Companies
- Stringent Regulatory Guidelines
Market Leaders and some development strategies
In May 2020, Corning Incorporated and Pfizer Inc. announced the execution of a long-term purchase and supply agreement for Corning Valor® Glass. The multi-year agreement provides for the supply of Valor Glass vials to a portion of currently marketed Pfizer drug products, pending regulatory approval.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Vaccine Storage & Packaging Providers, Vaccine Storage & Packaging Equipment Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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