The South Korea vaccine refrigerator market reached a value of approximately USD 32.80 Million in 2024. The market is projected to grow at a CAGR of 4.80% between 2025 and 2034, reaching a value of around USD 52.42 Million by 2034.
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The Ministry of Health and Welfare states the Korean pharmaceutical market ranks 13th globally, valued at USD 0.02 trillion in 2023.
The Ministry of Health and Welfare convened at the Korea Pharmaceutical Association to approve “The 3rd Comprehensive Bio-Pharmaceutical Development Plan” (2023-2027).
Samsung Biologics, a fully integrated CDMO in South Korea, boasts the world's largest production capacity at 620,000L.
Value in USD Million
2025-2034
South Korea Vaccine Refrigerator Market Outlook
*this image is indicative*
Vaccine refrigerator comprises various products including vaccine under-counter refrigerators, vaccine stainless steel refrigerators, vaccine dual temperature refrigerators, and solar vaccine refrigerators. Various innovations including the integration of the Internet of Things (IoT) and artificial intelligence (AI) facilitate predictive maintenance, automatic temperature regulation, and data-driven enhancement of vaccine storage conditions.
Further, the use of advanced insulation materials improves temperature consistency and reduces heat transfer, ensuring the integrity of vaccines during storage and transit. Professionals with expertise in regulatory compliance navigate the complex requirements governing vaccine storage and transportation, guaranteeing that vaccine refrigerators adhere to essential standards and certifications for market authorization.
As per MOHW, the Republic of Korea, the pharmaceutical industry aims to increase high-quality employment opportunities from 120,000 in 2021 to 150,000 by 2027.
Emphasis on cold chain management, data logging and remote monitoring, technological advancements, and the growth of vaccination initiatives are the major trends impacting the South Korea vaccine refrigerator market growth.
Carrier Global Corp.'s joint venture in South Korea aimed to boost sales by prioritising the cold chain sector. This sector involved processes and equipment that maintained products at specified low temperatures from production to consumption.
Glad Alliance developed safer refrigerator systems with integrated anti-blackout and automatic alarm systems, along with double-locking doors. Their collaboration with Korean automation manufacturers aimed to advance healthcare facilities towards highly automated environments.
The DAIHAN® ULT Freezer has established a cold chain infrastructure for COVID-19 vaccines in South Korea. Its DuoFreez™ technology, featuring an independent dual compressor freezing system, ensures the essential functions of ULT freezers, including high stability and resilience.
Winia Dimchae, a kimchi storage manufacturer, partnered with its affiliate, Dayou Plus, to create an ultra-low temperature freezer for vaccine storage. The Medibox freezer, compact with a 90-litre capacity, stored 18,000 vaccine doses.
Increasing emphasis on sustainability drives the demand for eco-friendly vaccine refrigerators powered by renewable energy sources like solar panels. These sustainable solutions align with global efforts to reduce carbon footprints and promote environmental conservation.
The growing demand for specialized vaccine storage solutions tailored to specific vaccine types and storage requirements drives the development of customisable refrigeration systems, catering to the diverse needs of healthcare facilities and pharmaceutical companies.
South Korea Vaccine Refrigerator Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End User
Vaccine stainless steel refrigerators contribute to the South Korea vaccine refrigerator market growth as they typically adhere to rigorous regulatory standards for vaccine storage, offering reassurance to healthcare professionals and regulatory authorities regarding the safety and quality of vaccines stored within.
Many vaccines stainless steel refrigerators are equipped with advanced features such as temperature monitoring, and data logging capabilities which help healthcare providers ensure proper storage conditions and respond promptly to any deviations.
Solar vaccine refrigerators eliminate the need for traditional power sources, such as electricity or fuel, reducing operational costs in the long run. They provide a backup solution during power outages, ensuring uninterrupted vaccine storage and minimizing the risk of vaccine spoilage.
Hospital drives growth in the South Korea vaccine refrigerator market share by prioritizing vaccination as part of preventive care strategies, necessitating adequate storage capacity for vaccines.
With the expansion of vaccination programs, hospitals require reliable and efficient vaccine storage solutions, leading to an increased demand for vaccine refrigerators. Moreover, hospitals are prioritising investment in innovative solutions to optimise vaccine storage conditions and enhance patient care outcomes.
Pharmaceutical companies invest in the development of new vaccines and biologics, leading to an increased demand for specialized vaccine refrigeration equipment. Moreover, pharmaceutical companies are investing in advanced vaccine refrigerators equipped with temperature monitoring and alarm systems to ensure compliance with cold chain requirements.
The companies produce and offer products including low-temperature storage equipment, refrigerators, specialized medical and laboratory equipment and others to hospitals, blood banks and others.
Established in 1974 and is headquartered in Gwangju, Republic of Korea. The company offers products including refrigerators, washing machines, kitchen appliances, air conditioners, TVs, and small appliances.
Founded in 2014 and is a Chiyoda-ku, Tokyo-based company. The company offers diabetes management products and services, healthcare solutions, diagnostics, and life sciences solutions utilized by patients, healthcare professionals, and researchers across more than 125 nations.
Established in 2005 and is headquartered in Qingdao, Shandong. The company focuses on the research & development, manufacturing, and sales of low-temperature storage equipment for biomedical samples.
Founded in 1977 and is headquartered in Noblesville, Indiana. The company designs, integrates, manufactures, markets, and distributes specialized medical and laboratory equipment to clinical and life science clients in more than 125 countries.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other South Korea vaccine refrigerator market key players are Dometic Group AB, and Thermo Fisher Scientific Holdings, Inc., among others.
South Korea Vaccine Refrigerator Market Size
South Korea Vaccine Refrigerator Market Growth
South Korea Vaccine Refrigerator Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at USD 32.80 Million in 2024.
The market is projected to grow at a CAGR of 4.80% between 2025 and 2034.
The revenue generated from the South Korea vaccine refrigerator market is expected to reach USD 52.42 Million in 2034.
The market is categorised according to the product, which includes vaccine stainless steel refrigerators, vaccine under counter refrigerators, vaccine dual temperature refrigerators, and solar vaccine refrigerators.
The market key players are WINIA Electronics Co., Ltd., PHC Holdings Corporation, Helmer Scientific Inc., Haier Biomedical, Dometic Group AB, and Thermo Fisher Scientific Holdings, Inc., among others.
Based on the end-use, the market is divided into pharmaceutical companies, hospitals, blood banks, and academic and research institutes.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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