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Report Overview
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.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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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.
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The Ministry of Health and Welfare convened at the Korea Pharmaceutical Association to approve “The 3rd Comprehensive Bio-Pharmaceutical Development Plan” (2023-2027).
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Samsung Biologics, a fully integrated CDMO in South Korea, boasts the world's largest production capacity at 620,000L.
Leading Manufacturers in the South Korea Vaccine Refrigerator Market
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.
WINIA Electronics Co., Ltd.: 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.
PHC Holdings Corporation: 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.
Haier Biomedical: 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.
Helmer Scientific Inc.: 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.
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 Report Snapshots
South Korea Vaccine Refrigerator Market Size
South Korea Vaccine Refrigerator Market Growth
South Korea Vaccine Refrigerator Market Trends
South Korea Vaccine Refrigerator Market Share
South Korea Vaccine Refrigerator Manufacturers
*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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Key Questions Answered in the Report
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.
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