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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.
South Korea Vaccine Refrigerator Market Share
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.
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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