The global sales of vaccine transport carrier market are estimated to be worth USD 2.5 billion in 2021 and are anticipated to reach a value of USD 4.0 billion by 2031. Sales are projected to rise at a CAGR of 4.7% over the forecast period between 2021 and 2031. The revenue generated by vaccine transport carrier market in 2020 was USD 2.4 billion.
Factors such as an increased focus by several regions on vaccination programs, along with growth in the demand for effective and safe transportation that can maintain proper temperature controls, act as the driving factors for the vaccine shippers market.
With more and more vaccine distributions, especially for new and emerging diseases, the demand for specialized shippers that maintain tight temperature control is very strong. Innovations in packaging technology, including advanced insulation materials and real-time temperature monitoring, better the effectiveness of vaccine shipping.
The incrementing regulatory requirements in maintaining safety and compliance during vaccine transportation further increase the pace of market growth. Further, expansion in the global healthcare infrastructure and vaccination programs increases demand for efficient and improved solutions for vaccine shipping.
Global Vaccine Transport Carrier Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 2.4 billion |
| Estimated Size, 2021 | USD 2.5 billion |
| Projected Size, 2031 | USD 4.0 billion |
| Value-based CAGR (2021 to 2031) | 4.7% |
Vaccine carriers are used to maintain cold temperature for heat-sensitive vaccines and make transportation easy from one site to other. These are widely used by health care workers during vaccination drives as they are very convenient to handle because of their compact size.
Vaccine carriers are very useful during immunization programs in remote areas. Cool packs are used to maintain the cooling inside the carrier according to the instructions provided.
The global vaccine transport carrier market is expected to grow at a rapid rate for the next few years. Technological advancement in vaccine storage equipment and rising support from the government for research activities and clinical trials, and focus on immunization programs is a major reason for the growth in the Vaccine transport carriers market.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
With the growth of many diseases all over the world, the need for transport and storage of vaccines to remote sites has increased; this fuels the vaccine transport carriers market. With the growing prevalence of infectious diseases, the reach for vaccines is increasing along with awareness about immunization among the people. The covid-19 pandemic has fueled the need for immunization which increased the demand for vaccine transport carriers.
The increasing number of pharmaceutical retailers and manufacturers along with the investments by biotechnological industries in the Research and development of new vaccines is driving the market growth. The major drivers of the market are reliability, efficiency, durability, and compactness provided by vaccine transport carriers for effective transportation of vaccines even to remote areas.
A large percentage of Vaccines produced around the world are temperature-sensitive, they require the ambient temperature to retain its quality. Vaccine transport carriers are the right solution to maintain the right temperature to avoid staggering losses.
To reach the population living in the remote parts of the world where there are no proper storage facilities healthcare workers require effective vaccine transport carriers. The vaccine carriers are also helpful to avoid high costs that might incur to discard the vaccines that are damaged.
Research and development of different vaccines also provide scope for the development of different transport carriers. Due to investments in the vaccine research and development activities by the government, the vaccine market is expected to grow at a rapid rate which will generate demand for Vaccine transport carriers. The rising focus on immunization among the population also added to the Vaccine transport carrier market growth.
The type of Vaccine carrier required depends on the type of vaccine being transported, the number of vaccines, the cold life required, and means of transport. Each vaccine is unique and is produced using different chemicals and technology, so there will be the requirement of Vaccine carriers with different specifications.
If a large number of vaccines are to be transported then a larger size carrier is required and the number of ice packs required will also increase. This will generate demand for a new variety of vaccine transport carriers and more revenues for the manufacturers.
Principal Consultant
The passive cooler vaccine transport carriers have higher demand when compared to the active vaccine transport carriers and is expected to increase over the next few years. The demand for mobile transport carriers will increase as they are easy to transport and compact models.
With the increase in demand for vaccines even from the remote parts of the country, safe mobility of the vaccines will become more important which accelerates the demand for mobile transport carriers.
Vaccine transport carriers using 2 ice packs are used mostly because of their smaller size and less weight which makes it easier for a health care worker to carry from one site to another site for immunization sessions. Demand for Vaccine transport carriers that are effective for a long duration will increase.
Based on the End users the demand from Hospitals, ambulances, and other medical facilities may increase in the coming future as the need for immunization is increasing among the population. A high cost that may incur to discard the damaged product is also a contributing factor.
North American region dominates the vaccine transport carrier market. The demand for vaccine transport carriers is expected to grow in the Asia Pacific region majorly from India and China because of the large population that is to be vaccinated. They are not widely used in Middle Eastern and African regions.
The demand from the Middle East and African regions is also expected to increase as the government is focusing and investing in the health care sector. Demand from the European region will also increase in the coming years because of an increase in demand for various vaccines from different places.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
All the major players are focusing on developing new products that can withstand the low temperatures required for the vaccines. Their major focus is to develop a sturdy carrier that is easy to carry even to remote areas.
Explore Packaging Insights
View Reports
Vaccine Transport Carrier Market
