Vaccine storage equipment market to reach $1.21b by 2029

One growth factor is the rising prevalence of diseases requiring vaccination.

The global vaccine storage equipment market is projected to reach $1.21b by 2029 at a compound annual growth rate of 7.2%, said MarketsandMarkets

The sector’s expansion is attributed to technological innovations, regulatory changes, and the rising prevalence of diseases requiring vaccination such as dengue fever, influenza, and HIV.

“Automation is improving efficiency by offering real-time monitoring and control of critical components like temperature,” the report said.

However, environmental concerns, particularly related to greenhouse gas emissions, challenge the market's expansion.