Vaccine Storage Equipment Market Size, Share, Trends, Growth and Forecast, 2025 - 2032

Vaccine Storage Equipment Market Share and Trends Analysis

The global vaccine storage equipment market size is expected to grow at US$ 1,247.2 Mn in 2025 to US$ 2,036.5 Mn with a staggering CAGR of 7.3% by 2032. According to the Persistence Market Research report, the rising immunization programs, increasing vaccine demand, and advancements in cold chain logistics propel growth. The government-authorized clinical organizations are investing in various types of equipment, such as deep freezers, solar-powered refrigerators. For instance, according to the UNICEF report 2024, Gavi, the vaccine alliance, provided US$23.4 million to support immunization for children living across the country, and over US$ 250 million+ investments in vaccine storage and distribution improvements.

Key Industry Highlights:

• Governments and health agencies impose stringent regulations on vaccine storage to maintain appropriate temperatures to avoid spoilage.
• There is an increasing demand for portable, solar-powered refrigeration units, especially in isolated and rural regions with limited access to electricity.
• Increasing investments in ice-lined refrigerators will boost market demand from the type segment.
• The market is expanding with key players such as Thermo Fisher Scientific, PHC Corporation, Helmer Scientific, B Medical Systems, and Eppendorf AG driving innovation and competition.

Global Market Attribute	Key Insights
Vaccine Storage Equipment Market Size (2025E)	US$ 1,247.2 Mn
Market Value Forecast (2032F)	US$ 2,036.5 Mn
Projected Growth (CAGR 2025 to 2032)	7.3%
Historical Market Growth (CAGR 2019 to 2024)	5.9%

Market Dynamics

Driver - Increasing Global Emphasis on Immunization Programs and the Need for Effective Cold Chain Management

Expanding immunization programs have significantly increased the demand for vaccine storage equipment. Global initiatives spearheaded by WHO, UNICEF, and Gavi accelerate the efforts to distribute vaccines, necessitating effective cold storage and transportation to maintain vaccine efficacy.

The emergence of new vaccines, including those for COVID-19, HPV, and pneumococcal diseases, has increased the demand for temperature-sensitive storage solutions such as ultra-low temperature freezers and refrigerators. For instance, during the pandemic caused by COVID-19, the distribution of mRNA vaccines (Pfizer-BioNTech and Moderna) required ultra-low temperature freezers (between -70°C and -20°C), resulting in a heightened demand for specialized storage units globally. Countries have invested in cold chain infrastructure, exemplified by Pfizer's collaboration with United Parcel Service (UPS) to create freezer farms in the U.S. and UNICEF's efforts to supply cold storage units to low-income countries.

Restraint - Absence of Uniformity in Infrastructure within Rural Regions

The absence of uniform infrastructure in rural areas hinders the vaccine storage equipment market. Power outages disrupt essential cold storage, making it difficult to uphold the required temperature ranges for various vaccines. Furthermore, inadequate cold chain logistics, poor road connectivity, and insufficient trained personnel result in significant vaccine wastage. Geographical barriers in remote locations delay maintenance and contribute to equipment malfunctions, causing inefficiencies in vaccine distribution.

Consequently, governments and NGOs significantly invest in expensive backup systems. Proposed solutions, such as solar-powered refrigerators, mobile cold chain units, and partnerships between public and private sectors, could address these issues. Rectifying infrastructure gaps is essential for enhancing vaccine accessibility and promoting market expansion in these underprivileged regions.

Opportunity - Integration of Advanced Technologies, such as the Mobile Logistics Management Information System (LMIS)

The mobile logistics management information system (LMIS) transforms the vaccine storage equipment industry by improving cold chain efficiency and enabling real-time monitoring. Mobile LMIS enhances inventory management and supports predictive analytics, promoting IoT-enabled and solar-powered vaccine storage solutions, particularly in remote regions.

Backed by government initiatives and immunization programs, these innovations offer significant growth potential for manufacturers to create energy-efficient, digitally integrated vaccine storage systems, thereby enhancing global healthcare access. For instance, in October 2024, Indonesia introduced the SMILE e-LMIS, a collab between various government organizations and an innovative electronic logistics management information system (e-LMIS). This system has begun by tracking the distribution and inventory of vaccines for the nation's immunization initiative.

Category-wise Analysis

Product Insights

The ice-lined refrigerators segment is anticipated to grow with a remarkable CAGR of 8.5% during the forecast period. Ice-lined refrigerators (ILRs) are the top vaccine storage equipment due to their stability, cost-effectiveness, and widespread use in immunization programs, especially in developing and rural areas. They maintain stable temperatures (2°C to 8°C) even during power outages, ensuring vaccine potency. They are preferred by global organizations such as WHO and Gavi. The affordability, reliability, and government-backed adoption strengthens their market dominance in low and middle-income countries with limited healthcare infrastructure. For instance, in February 2021, Blue Star Limited introduced a new range of commercial refrigeration products, including ILRs designed to maintain temperatures between +2°C to +8°C, even during power outages of up to 48 hours.

End-user Insights

Hospitals and clinics drive the vaccine storage equipment market due to their large-scale procurement power and responsibility for national immunization programs. They manage bulk purchases of ILRs, walk-in coolers, and deep freezers to maintain an uninterrupted cold chain, ensuring vaccine efficacy. Governments worldwide allocate budgets to strengthen cold chain logistics and partner with international organizations to expand vaccine storage capacity in underserved regions. UNICEF and WHO procured over 70,000 vaccine refrigerators for hospitals and healthcare centers in Africa, Asia, and Latin America under the COVAX initiative. The market for government health departments is likely to grow with a 9.7% CAGR between 2025 and 2032.

Regional Insights

North America Vaccine Storage Equipment Market Trends

North America is projected to dominate the vaccine storage equipment market with 34.1% value share in 2025 and is estimated to grow at a CAGR of close to 6.3% over the forecast period. This is due to rapid investments in adopting various types of storage systems, such as increasing adoption of ultra-low temperature storage solutions and solar-powered vaccine refrigerators. The government is also taking the initiative to adopt such automation, which is eventually benefit vaccine efficacy. In 2023, the U.S. government, represented by the United States Agency for International Development (USAID) reaffirmed its strong commitment to the health sector in Guyana as Ambassador Nicole D. Theriot donated 13 solar-powered vaccine refrigerators to the Ministry of Health. These advanced units, valued at US$160,000 are directed for use in healthcare facilities located in Guyana's remote regions.

Asia Pacific Vaccine Storage Equipment Market Trends

The governments in the Asia Pacific, spearheaded by India, are advancing through Electronic Vaccine Intelligence Network (eVIN). This digital solution allows for the real-time tracking of vaccine storage, which minimizes waste and enhances distribution. Investments are made in solar-powered refrigerators, IoT-enabled cold storage solutions and temperature loggers to improve vaccine delivery, particularly in remote locations.

• According to the United Nations Development Programme-India, eVIN has been designed and successfully implemented across all 733 districts in the 36 states and union territories of India.
• Currently, over 29,000 vaccine storage centers or cold chain points are operational on eVIN and actively utilize the platform for daily vaccine and logistics management transactions.
• Additionally, in 2018, Indonesia adopted India's eVIN technology as Sistem Monitoring Imunisasi Logistik secara Elektronik (SMILE), successfully digitizing the country's immunization supply chain.
• As part of South-South and Triangular Cooperation, UNDP India also assisted in the initial implementation of eVIN-like systems in Malawi, Sudan, and Afghanistan.

Europe Vaccine Storage Equipment Market Trends

Europe vaccine storage equipment market is predicted to grow with 6.7% CAGR by 2032. The European Union largely focuses on healthcare resilience by donating vaccine refrigerators, generators, and cold-chain transportation to various countries. In 2024, in collaboration with UNICEF, the European Union donated essential vaccine storage equipment, including 11 refrigerators, power generators, and a refrigerated vehicle to Montenegro’s Primary Healthcare Centre in Podgorica. This initiative aims to strengthen the country’s immunization efforts, particularly in response to declining routine vaccination rates and the risk of measles outbreaks.

Competitive Landscape

The global vaccine storage equipment market is extremely competitive with leading companies prioritizing technological innovations, strategic partnerships, and the expansion of their capacities to bolster their market presence. The company also focuses on advancements in ultra-low temperature freezers, solar-powered refrigerators, and IoT-enabled storage solutions to address the increasing need for effective vaccine preservation.

Key Industry Developments

• In February 2025, B Medical Systems launched the Ultra-Low Freezer U201, the first-ever WHO PQS prequalified ultra-low freezer. The 214L capacity unit ensures -86°C to -20°C storage with real-time monitoring and NFC-based security. CEO Luc Provost highlighted its role in supporting mRNA vaccines and cell therapy in extreme climates.
• In February 2025, WuXi Biologics agreed to sell its vaccine manufacturing facility in Dundalk, Ireland, to Merck & Co. for $500 million. This 15,520-square-meter plant, employing 200 staff, is expected to enhance Merck's global vaccine production capabilities upon completion in the first half of 2025.
• In March 2024, Thermo Fisher introduced the TSX Series Ultra-Low Temperature Freezers, designed to provide energy-efficient and sustainable storage solutions for vaccines, maintaining temperatures as low as -80°C.   

Vaccine Storage Equipment Market Report Scope

Report Attributes	Details
Historical Data/Actuals	2019 - 2024
Forecast Period	2025 - 2032
Market Analysis Units	Value: US$ Bn, Volume: Units
Geographical Coverage	North America Europe East Asia South Asia and Oceania Middle East and Africa Latin America
Segmental Coverage	Product End-user Region
Competitive Analysis	Thermo Fisher Scientific Inc. PHC Corporation Helmer Scientific Eppendorf AG Single Use Support Inc. Philipp Kirsch GmbH B Medical Systems India Private Limited Thermo Fisher Scientific Inc Vestfrost Solutions UL LLC.  APEX INTERNATIONAL BLOWKINGS India. Terra Universal Haier Biomedical
Report Highlights	Market Forecast and Trends Competitive Intelligence & Share Analysis Growth Factors and Challenges Strategic Growth Initiatives Pricing Analysis & Technology Roadmap Future Opportunities and Revenue Pockets Industry Market Analysis Tools
Customization and Pricing	Available upon request

Market Segmentation

By Product

• Ice-Lined Refrigerators (ILRs)
• Deep Freezers (DFs)
• Cold Boxes
• Vaccine Carriers
• Solar Powered refrigerators
• Others

By End-user

• Hospitals and Clinics
• Biopharma Companies
• Vaccination Centers
• Government Health Department
• Others

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Middle East and Africa
• Latin America

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