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Vaccine Management Solution Market

Vaccine Management Solution Market

Vaccine Management Solution Market By component (Inventory Management, Program Management, Data Management), By services (Managed Services, Professional Services, By model (Platform Solutions, One Point Solutions) - Global Market Insights 2020 to 2030

Vaccine Management Solution Market
FACT5466MR
  • Mar-2022
  • List of Tables : 112
  • List of Figures : 205
  • 170 Pages
  • Healthcare

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.

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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.

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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.

Vaccine management solution market share by region and subscription by Fact.MR

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.

Vaccine management solution market competitive analysis by Fact.MR

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.”

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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: 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 :

    • Solutions
      • Inventory Management
      • Program Management
      • Clinical V. Management
      • Data Management
      • Public Engagement
      • Organizational Support
    • Services
      • Managed Services
      • Professional Services
  • By Model :

    • Platform Solutions
    • One Point Solutions
  • By Subscription :

    • New Subscribers
    • Renew Subscribers
  • By End Use :

    • Public
    • Private
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • South Asia
    • Middle East & Africa
    • Oceania

- FAQs -

Over the next ten years, the global vaccine management solution market is projected to grow more than 4X in value.
Vaccine Management Solution market is expected to garner an absolute dollar opportunity of around US$ 423 Mn.
The vaccine management solution market has a strong regional presence in North America and Europe, contributing around 65% of the global market share.

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