Accelerating at a Compound Annual Growth Rate (CAGR) of 7.1% during the period from 2022 to 2028, the global isothermal boxes for vaccines market is expected to witness substantial growth, with its value estimated to increase from US$ 178.6 million in 2022 to US$ 269.4 million by 2028.
The vaccine storage boxes and the vaccine carriers are considered as the isothermal boxes for vaccines. The isothermal boxes for the vaccine are used to carry and store vaccines at a required temperature along with maintaining the heat stability of the vaccine which prevents vaccine wastage.
The United States is poised to be a significant driver of market growth opportunities for the isothermal boxes for vaccines segment. With a substantial share of the North American market, the U.S. is expected to generate an incremental opportunity of US$ 13.2 million between 2022 and 2028. This growth is attributed to the nation’s aggressive vaccination efforts, as reported by the Centers for Disease Control and Prevention (CDC), where 72% of the U.S. population had received at least one dose of a COVID vaccine by December 13, 2021. As this significant portion of the population awaits their second vaccine doses, the demand for isothermal boxes for vaccines is expected to rise, ensuring a positive outlook for this market.
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In India, the demand for isothermal boxes for vaccines is being significantly boosted. India is projected to capture around 39% of the market value share in the Asia Pacific isothermal boxes for vaccines market by the end of 2028. The country’s burgeoning vaccine production, led by prominent entities like the Serum Institute, one of the world’s largest vaccine producers, is a key driver of this demand. As India continues to play a pivotal role in global vaccine production, it spurs the sales of isothermal boxes, indicating substantial growth potential for this market segment.
The Key Players Are:
- B Medical Systems Sarl
- AOV International Llp
- Nilkamal Limited
- Apex International
- Blowkings India
- AUCMA Co., Ltd.
- EBARA Inc.
- Termo-Cont MK LLC.
- others
Competitive Landscape
The key players operating in isothermal boxes for vaccines market are adopting the partnership & collaboration strategy to utilize the resources along with efficiently catering for the increasing demand in the market. Also, the key players are expanding their presence by establishing manufacturing facilities across the untapped regions.
- In December 2021, B Medical Systems Sarl has signed an MOU with the Gujarat Government for manufacturing medical cold chain equipment.
In April 2021, an international leading medical-grade refrigeration and vaccine cold chain equipment manufacturing company named B Medical Systems Sarl announced the partnership with old Chain Technologies to bring end-to-end thermal shipping and medical storage solutions to the market.
Market Drivers-
- Vaccine Distribution Challenges: The need to distribute vaccines to remote or underserved areas, particularly in regions with inadequate cold chain infrastructure, has intensified the demand for isothermal boxes. These boxes maintain the required temperature, ensuring the integrity of vaccines during transit.
- Pandemic Preparedness: The COVID-19 pandemic highlighted the importance of a robust and flexible vaccine distribution system. Governments, healthcare organizations, and pharmaceutical companies recognized the need for reliable isothermal boxes to ensure rapid and widespread vaccine deployment.
- Temperature Sensitivity of Vaccines: Many vaccines are highly temperature-sensitive and must be stored and transported within a specific temperature range to remain effective. Isothermal boxes maintain these critical temperatures, safeguarding vaccine potency.
- Increased Vaccination Campaigns: The expansion of vaccination campaigns worldwide, whether for routine immunization, epidemic response, or mass vaccination events, has escalated the demand for isothermal boxes to keep vaccines at the correct temperature.
- Global Vaccine Initiatives: Various global organizations and initiatives, such as Gavi, the Vaccine Alliance, and the COVAX Facility, are working to ensure equitable vaccine access in underserved areas. Isothermal boxes are pivotal in realizing these goals.
- Cold Chain Improvement: Even in areas with existing cold chain infrastructure, isothermal boxes are used to strengthen the cold chain and minimize temperature excursions, especially during the last-mile delivery to healthcare facilities.
- Temperature Monitoring Technology: Advancements in temperature monitoring technology and data loggers enhance the ability to track and ensure the temperature stability of vaccines during transportation, making isothermal boxes more reliable.
Latest Trends in the Market
The Isothermal Boxes for Vaccines Market is continuously evolving, with several trends shaping its growth:
- Smart Monitoring: Emerging technologies allow real-time monitoring of temperature and location, enhancing the security of vaccine transportation.
- Sustainability: Eco-friendly materials and energy-efficient designs are gaining traction, aligning with global efforts to reduce carbon footprints.
- Customization: Manufacturers are offering customizable solutions to meet the unique needs of different vaccines and healthcare providers.
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Isothermal Boxes for Vaccines Market By Category
By Product Type:
- Short Range Isothermal Boxes for Vaccines
- <5 Litres
- 5 – 15 Litres
- 16 – 25 Litres
- Long Range Isothermal Boxes for Vaccines
- <5 – 15 Litres
- 16 to 25 Litres
By Material:
- Polypropylene (PP)
- Polystyrene (PS)
- Polyurethane (PU)
- Polyethylene (PE)
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
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