Industry Background:
Owing to increased investment in vaccine production by biopharmaceutical companies and healthcare agencies, as well as increasing government investment in immunization programs, the vaccine storage and packaging market are expected to expand in the future. The demand is growing due to technological advances in vaccine storage and packaging. Increasing global vaccine coverage is a difficult task. The global industry is being propelled forward by increasing vaccine coverage around the world.
According to AMA Research, the market for Vaccine Storage & Packaging is expected to register a CAGR of 10.2% during the forecast period to 2030. This growth is primarily driven by Rising Prevalence of Various Viral Infections and Immunological Disorders across the Globe
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
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.
Influencing Trend:
Development of Innovative Cold Chain Facilities with Minimal Risks of Vaccine Freezing
Market Growth Drivers:
Rising Prevalence of Various Viral Infections and Immunological Disorders across the Globe and Increasing Awareness regarding the Early Diagnosis and Prevention of Infectious Diseases
Challenges:
Stringent Regulatory Guidelines
Restraints:
High Cost of the Design and Development of the Packaging
Opportunities:
Improvements in the Healthcare Infrastructure in Developing Countries and Surging Investment in R & D of Vaccines by the Healthcare Institutions and Biopharmaceutical Companies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Vaccine Storage & Packaging Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Vaccine Storage & Packaging Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Vaccine Storage & Packaging players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vaccine Storage & Packaging Study Sheds Light on
The Vaccine Storage & Packaging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vaccine Storage & Packaging industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vaccine Storage & Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.