Vaccine Refrigerator Market Growth Factors
Tehreem, from Pakistan, tells us why the need for vaccine refrigerators has increased in recent years.
Vaccines are temperature-sensitive medical products, and if the temperature in their surroundings is changed, it will lead to the degradation of vaccines. Vaccine-safe temperature is an issue with commercial refrigerators, and instability can be harmful for vaccines. Vaccine refrigerators are designed to provide a stable, ultra-low temperature that helps to prevent vaccines from spoiling. There are issues of sunny climates in developing countries and electrical power issues in rural areas. These issues affect the vaccine storage. In these areas, solar vaccine refrigerators are usually used.
Here are some market growth factors for vaccine refrigerators:
1) Increased Infectious Diseases
The vaccine refrigerators market made progress by the increase in number of infectious diseases and other viruses. Infectious diseases are the world’s greatest killers. It is a fact that the world’s population is increasing since previous centuries. Due to the increase in population, infectious diseases are also increasing. According to a report, the world’s population will reach 11 billion by 2100 and this increase in population will also cause an increase in diseases. More people means more diseases, resulting in the need for vaccine refrigerators.
2) Increased Research Programs
Nowadays, research programs and government organizations for the medical sciences are causing an effective growth in the vaccine refrigerators market. Government organizations are increasing funding and other pharmaceutical companies are increasing R&D activities. In both developed and developing countries, scientists are performing research, creating their global networks, and sharing their research so that lives are prevented from the harmful affects of different diseases through vaccination and immunization. These increases in research programs are causing an increase in the health care costs. The vaccines are transported and kept in vaccine refrigerators so that they do not degrade, and for this reason, the cost of refrigerators has increased from a single digit to even triple digits during the past three decades.
The United States has one of the largest research systems in the world. For this reason, the vaccine refrigerator market is expected to show moderate growth in the U.S.A. Some of the working institutes are the Advisory Committee for Immunization Practices (ACIP) and Centers for Disease Control (CDC).
3) Increased Awareness in People
Institutes are working to increase awareness about the benefits of vaccinations. In the past, people were less aware about the benefits of vaccination. In the past, as a result of misinformation, people have died due to infectious diseases such as hepatitis, tetanus, whooping cough, measles, polio, and diphtheria.
About 500,000 people died per year in the past due to those diseases, but it could have been prevented by vaccines. World Health Organization is one of the largest institutes working for the awareness of vaccination.
The development of vaccination and immunization in the children is one of the largest breakthroughs of science. Surveys showed that 85% of EU citizens are now aware of the benefits of vaccines. Around 60% of these citizens were vaccinated during last 10 years.
This raise in awareness not only saved lives, but also greatly increased the need for vaccine refrigerators.