Vaccine Management Solution Market: About the Report
Over the next ten years, the global vaccine management solution market is projected to grow more than 4X in value. Short-term growth has been catalysed by the ongoing COVID-19 pandemic. These solutions will allow providers to efficiently manage workflow processes during immunization drives. Fact.MR’s report also points out how, in the years ahead, license renewal will gain importance across regions. From a regional standpoint, North America and Europe will lead this space, but highest growth will be experienced in the Middle East & Africa and Latin America. Overall, the vaccine management solution market will also be aided by rising digitalization across the world.
Vaccine Management Solution Market Overview
The vaccine management solution market is in its growth phase in most developing nations. From 2020 to 2030, the market is expected to garner an absolute dollar opportunity of around US$ 423 Mn. Rising digitization, globally, is the prime element causing the expansion of the vaccine management solution market size. Increase in the number of children in developing nations has led to growth in the demand for vaccine management solutions for effective deployment of vaccination programs.
Vaccine Management Solution Market Drivers
While the world’s best brains are working on discovering a potent COVID-19 vaccine, policymakers are planning to manage these vaccines once they are launched. The pandemic is a major driver of vaccine management solutions in today’s times. Another important driver is the commitment that many countries have made under the Global Vaccine Action Plan (GVAP). Other than that, a centralized system with the use of a vaccine management solution will aid providers to manage the workflow efficiently. Also, cloud-based software will assist healthcare providers to take decisions in real-time.
Regional Outlook of Vaccine Management Solution Market
The vaccine management solution market has a strong regional presence in North America and Europe, contributing around 65% of the global market share. Following the COVID-19 crisis, vaccine management solutions have drawn the attention of governments of other regions too. Asia Pacific accounts for more than 23% of the global vaccine management solution market. The Middle East & Africa and Latin America will witness the highest CAGRs of around 18% each, owing to rapid economic development. The growth rate is expected to be the slowest in Europe and East Asia, due to saturation of the vaccine management solution market in these regions.
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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.
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The Analyst’s Viewpoint
“Currently, vaccine management solution providing companies have to focus on countries not having national immunisation solution, or having a number of sub-national solutions. In such nations, probability for VMS providers to reach private healthcare providers is very high. Since, most immunisation programs are designed for children less than 1 years, chances of market expansion in regions having high total fertility rates are high.”
COVID-19 Impact on Vaccine Management Solution Market
The COVID-19 crisis has had a positive impact on the demand for vaccine management solutions. The pandemic has led to additional gain of US$ 5 million in 2020, and the same is expected to follow in 2021 as well. In the U.S. alone, anticipated gain during the pandemic period is around US$ 2 million. However, in later years, when most of the anticipated buyers have purchased vaccine management solutions, companies will gain revenue only through license renewal processes.
Vaccine Management Solution Market - Report Scope
A recent study by Fact.MR on the vaccine management solution market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the vaccine management solution market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of vaccine management solutions. The study also provides the dynamics that are expected to influence the future status of the vaccine management solution market over the forecast period.
A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the vaccine management solution market enhances the reliability of this comprehensive research study.
Vaccine Management Solution Market: Report Summary
The study offers a comprehensive analysis on diverse features, including market assessment, solution developments, policy & regulatory landscape, revenue generation, and sales in the vaccine management solution market across the globe.
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.
Vaccine Management Solution Market: Analysis on Market Size Evaluation
The study provides each market segment in terms of value (US$ Million) analysis in the vaccine management solution market.
Market estimates at global and regional levels for vaccine management solutions are available in terms of “US$ Million” for value. A Y-o-Y growth contrast on prominent vaccine management solution market segments, along with market attractiveness evaluation, has been incorporated in the report. Another key feature of the vaccine management solution market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives, in the vaccine management solution market.
Vaccine Management Solution Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the vaccine management solution market during the forecast period.
Country-specific valuations on demand for vaccine management solutions have been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of prominence in regions and countries. Regional market Y-o-Y growth estimates have also incorporated in the report.
Detail breakup in terms of value for emerging countries has also been included in the report.
Vaccine Management Solution Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers in the vaccine management solution market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the provision of vaccine management solutions has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting the market status, and predicting the competition levels in the vaccine management solution market. Prominent companies operating in the global vaccine management solution market include Deloitte, Infosys, Salesforce, Accenture, Conduent, UL, Omnisys, Promero, PreCheck, Qualtrics, Epazz, HealthRX, etc.
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