Global Vaccine Refrigerators market will reach 290 million US$ by the end of 2025
Published Date: 2018/11/23
A vaccine refrigerator is a refrigeration unit designed specifically for storing vaccines and other temperature-sensitive medical supplies, most of which need to be held at temperatures lower than that of a conventional fridge. The unit provides extremely stable low temperatures to prevent degradation of vaccines and other products, along with options like alarms and backup power to provide complete protection. In the report we mainly calculated the refrigerator range from 2°to 8°.
In the last several years, global market of vaccine refrigerators developed stably, with an average growth rate of 5.48%. In 2016, global revenue of vaccine refrigerators is nearly 123 M USD; the actual sales are about 99 K Unit.
The global average price of vaccine refrigerators is in the decreasing trend, from 1347 USD/L in 2011 to 1240 USD/L in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of vaccine refrigerators includes Common Indoor Vaccine Refrigerators and Cold Chain Vaccine Refrigerators. The proportion of Common Indoor Vaccine Refrigerators in 2016 is about 81%, and the proportion is in a slight decreasing trend from 2011 to 2016.
The global Vaccine Refrigerators market is valued at 180 million US$ in 2017 and will reach 290 million US$ by the end of 2025, growing at a CAGR of 6.0% during 2018-2025.
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