The global vaccine management solutions market was valued at over $140 million in 2019 and is expected to reach $590 million by 2030. The spread of COVID-19 has increased the demand for vaccine management solutions. The pandemic generated an additional US$5 million in revenue in 2020 and is expected to do the same in 2021. However, over time, when most buyers have purchased these vaccine management solutions, companies in this space will benefit. This is only possible through license renewal, and at a time when market growth is not as high as it is now.
For more information on enhancing your product space, request a sample here. https://www.factmr.com/connectus/sample?flag=S&rep_id=5466
Key Takeaways from Vaccine Management Solution Market Study
- North America is dominating the global vaccine management solution market with a share of around 35% in 2019, primary reason being, well-established ICT (information, communication & technology) companies in the region.
- The vaccine management solution market in excepted to experience the highest CAGR in the Middle East & Africa and Latin America. This is because active international organizations support a complete global vaccine action plan.
- The global market is projected to surge at an impressive CAGR of over 17% through 2030.
- The COVID-19 pandemic is one of the main factors causing an increase in demand for vaccine management solutions, globally. Focus of governments on improving digital infrastructure is another reason assisting the growth of the vaccine management solution market.
“A large share of the vaccine management solution market is managed by government organizations. Companies can focus on covering countries having insufficient resources to cover immunization programs,” says a Fact.MR analyst.
Vaccine Management Solution Market: Segmentation
Fact.MR has studied the vaccine management solution market with detailed segmentation on the basis of component, model, subscription, end use, and region.
By Component :
- Inventory Management
- Program Management
- Clinical V. Management
- Data Management
- Public Engagement
- Organizational Support
- Managed Services
- Professional Services
By Model :
- Platform Solutions
- One Point Solutions
By Subscription :
- New Subscribers
- Renew Subscribers
By End Use :
By Region :
- North America
- East Asia
- Latin America
- South Asia
- Middle East & Africa
Vaccine Management Solution Market: Competitive Analysis
Previously, only a few multinational companies were providing vaccine management solutions with quality services. However, the COVID-19 pandemic has created opportunity for numerous new solution providers to enter into the vaccine management solution market space.
Leading companies providing vaccine management solutions are Deloitte, Infosys, Accenture, and Salesforce. Other than these, Conduent, UL, Omnisys, and PreCheck are also well-known companies among vaccine management solution providers. With further rise in COVID-19 cases, the number of vaccine management solution market players are expected to increase over the coming years.