Fact.MR – A Market Research and Competitive Intelligence Provider: The global vaccine management solution market was valued at US$ 140 million in 2019.
Vaccine Management Solution Demand in North America to Be the Highest, Accounting for 35% of Global Sales in 2021
The global vaccine management solution market analysis conducted by Fact.MR offers insights into the present and upcoming opportunities to assist the market players in planning their expansion strategies. The report highlights factors propelling the demand outlook for vaccine management solutions in terms of components, model, subscription, and end use
Fact.MR – A Market Research and Competitive Intelligence Provider: The global vaccine management solution market was valued at US$ 140 million in 2019. Thanks to the rising digitization and increasing number of vaccination programs for immunization, the market for vaccine management solutions is expected to exhibit growth at a CAGR of 17% during the forecast period 2021-2031.
The report also has estimated the market to surpass a valuation of US$ 590 million by the end of 2031.
As per Fact.MR, a steady rise in demand for vaccine management solutions is observed, particularly since pandemic outbreak in 2020. With the emergence of new strains of coronavirus and increasing demand for COVID-19 immunization vaccines, the market gained additional US$ 5 million in 2020.
Over the course of the last five years, the incidence of diseases such as coronavirus, Ebola virus, influenza virus, swine Flu, Chikungunya virus, and others have emerged across the globe. This, coupled with the increasing number of children in developing economies, is fueling the demand for vaccine management solutions for effective deployment and management of vaccination programs to immunize the kids from these diseases.
North America is anticipated to exhibit impressive growth opportunities for the market players. On account of the commitment made by countries such as the U.S. and Canada under the Global Vaccine Action Plan (GVAP), the demand for a centralized system to roll out vaccination programs efficiently is on the rise. This is expected to have a positive impact on the vaccine management solution market.
“Some of the leading companies are planning on expanding their footprint worldwide through participating in national immunization solutions in places with unmet medical needs. Their efforts are expected to bode well for the market,” says the Fact.MR analyst.
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Key Takeaways from Vaccine Management Solution Market Survey
- Driven by the outbreak of coronavirus, the global market for vaccine management solutions is anticipated to expand at 4X during the assessment period.
- The U.S. is estimated to lead the market in North America, owing to the rising digitization and number of subscribers in the country.
- Favored by the well-established information, communication & technology (ICT) companies, the U.K. market is likely to grow at a steady pace.
- The market in Asia Pacific is expected to account for more than 23% of the global share, supported by the increasing number of immunization programs in the region.
- The Middle East & Africa and Latin America markets are anticipated to witness the highest growth at a CAGRs of 18% each between 2021 and 2031.
Key Drivers
- Rising number of novel diseases across the globe is expected to propel the demand for vaccine management solutions.
- Increasing number of immunization programs in developing countries is spurring the sales of vaccine management solutions.
- Growing international organizations support to vaccination initiatives such as the global vaccine action plan (GVAP) is expected to drive the market.
Key Restraints
- Complex managing process of immunization programs is restraining the market growth.
- Lack of availability of required digital infrastructure in underdeveloped economies is hampering the growth of the market.
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Competitive Landscape
Some of the leading players operation in the vaccine management solution market are emphasizing on adopting strategies such as new product launches, collaborating, merger & acquisition to capitalize on the growth opportunities provided by the COVID-19 pandemic. For instance,
- In 2020, Omnisys announced launching OmniLINK vaccine management solution (VMS) that particularly focuses on pharmacy-administered immunizations programs.
- In February 2020, Infosys, an Indian multinational information technology company, announced acquiring an Utah-based company named, Simplus for US$ 250 million. The acquisition will assist the company for providing vaccine management solutions.
Some of the key players in the vaccine management solution market profiled by Fact.MR are:
- Deloitte
- Infosys
- HealthRX
- Salesforce
- Accenture
- Conduent
- Omnisys
- Promero
- Qualtrics
- Epazz
- PreCheck
More Valuable Insights on Vaccine Management Solution Market
Fact.MR, in its new report, offers an unbiased analysis of the global vaccine management solution market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in the vaccine management solution market with detailed segmentation:
Component
- Solutions
- Inventory Management
- Program Management
- Clinical V. Management
- Data Management
- Public Engagement
- Organizational Support
- Services
- Managed Services
- Professional Services
Model
- Platform Solutions
- One Point Solutions
Subscription
- New Subscribers
- Renew Subscribers
End Use
- Public
- Private
Region
- North America
- Europe
- East Asia
- Latin America
- South Asia
- Middle East & Africa
- Oceania
Key Questions Covered in the Vaccine Management Solution Market Report
- The report offers insight into vaccine management solution demand outlook for 2021-2031
- The market survey also highlights projected sales growth for the vaccine management solution market between 2021 and 2031
- Vaccine management solution market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Vaccine management solution market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
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