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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
South Korea Vaccine Refrigerator Market Growth
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.
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 2023.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The revenue generated from the South Korea vaccine refrigerator market is expected to reach USD 49.94 million in 2032.
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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