Vaccine Management Solution Market

Vaccine Management Solution Market Outlook (2022-2032)

The global vaccine management solution market has reached a valuation of US$ 233 million in 2022 and is expected to progress at a CAGR of 11.9% to reach US$ 721 million by the end of 2032.

Deployment of vaccine management solutions accounted for less than 2% share of the global pharmacy management market at the end of 2021.

A major driver of the vaccine management solution market expansion is the commitment that numerous countries have made to the Global Vaccine Action Plan (GVAP). The use of a centralized system and a vaccine management solution is likely to aid providers in managing workflow more successfully.

Additionally, it is anticipated that cloud-based technologies are likely to help healthcare professionals make decisions in real-time. Prior to now, only a small number of global corporations offered top-notch services for immunization management systems.

However, the COVID-19 pandemic outbreak has given a number of new vaccination management system vendors an opportunity to enter the market. The primary factor likely to drive the demand for vaccine management solutions is raising digitalization.

As the number of children in underdeveloped countries grows, so does the demand for vaccine management systems for the successful implementation of immunization programs. This has led to the development of numerous platforms and pieces of software that effectively monitor and manage healthcare data, one of which is the vaccine management software.

Governmental entities, medical facilities, public health systems, and hospitals are the main end users of this program. The program facilitates easy vaccination schedule management, provides real-time vaccination distribution status, conducts patient management, and supports transparency throughout the entire vaccination process.

Immunization of infants is a crucial step in the prevention of diseases that can be prevented by vaccination. Since delays increase a child's risk of contracting diseases like polio or immunological deficiencies, prompt immunization is crucial.

Startups create user-friendly apps to increase vaccine compliance for this reason. These apps help promote vaccination coverage by sending out early reminders for administering vaccine doses.

For instance, an interoperable, cloud-based parenting and security app is available from the Sri Lankan business ImmunifyMe. The systems offer paperless vaccine monitoring and raise the frequency and standard of vaccine administration. The parenting app ImmunifyMe offers sensible child assessments and timely vaccine reminders.

Report Attributes	Details
Vaccine Management Solution Market Size (2021A)	US$ 200 million
Estimated Market Value (2022E)	US$ 233 million
Forecasted Market Value (2032F)	US$ 721 million
Global Market Growth Rate (2022-2032)	11.9% CAGR
North America Market Share (2021)	~34.7%
North America Market Value (US$ Mn), 2022	US$ 78 million
Europe Market Share (%), 2022	~30%
Europe Market Value (US$ Mn), 2022	US$ 67 million
China Market Share (%), 2022	~ 45%
China Market Value (US$ Mn)	US $ 12 million
Market Share of Top 3 Countries	~42.7%
Key Companies Profiled	Accenture Infosys Deloitte Salesforce Conduent UL LLC Sense Corp Qualtrics Omnisys Promero PreCheck Epazz Mazik Global HealthRX

Deployment Analysis of Vaccine Management Solution Market Outlook (2017-2021) Vs. (2022-2032)

In the majority of emerging countries, the market for vaccine management solutions is in its expansion phase. The market is anticipated to have an absolute dollar potential of about US$ 521 million between 2022 and 2032. Globally increasing digitalization is the key factor driving the growth of the market for vaccine management solutions.

Growing child populations in developing countries have increased the need for vaccine management solutions for the efficient implementation of vaccination programs.

North America and Europe have a significant market share contribution of around 64.9% to the global market for vaccine management solutions. Governments from other regions have also become interested in vaccine management methods. More than 11.7% of the world market for vaccine management solutions comes from East Asia.

• Short Term (2022 Q2 to 2025): Growing demand for immunization is positively impacting vaccine management solution market growth.
• Medium Term (2025-2028): North America and Europe are projected to witness comparatively high vaccine management solution demand due to increased number of airports construction and modernization.
• Long Term (2028-2032): Integration of AI powered systems to open opportunities for vaccine management solution market.

From 2017 to 2021, the global market for vaccine management solutions registered a CAGR of 17.2%. Fact.MR, a market research and competitive intelligence provider, reveals that the market exhibits growth at 11.9% CAGR between 2022 and 2032.

Market share analysis of vaccine management solution based on model type and region is provided in the above image. Under the model type segment, platform solution sub-segment dominates with 70% market share in 2022.

What’s Driving High Demand for Vaccine Management Solution across Regions?

“Immunization Coverage of Population Can Drive the Market Growth.”

In the 20th century, the advancement and implementation of vaccines as part of systematic vaccination programs started to address health discrimination that existed globally. However, even today, the possibility of getting infected by life-threatening diseases remains unequal among all newborns, adults, and old-aged people in the world. The reason for this is the prevalent imbalance in socioeconomic conditions around the globe.

For instance, the immunization coverage of the population in the Western Pacific region for Hepatitis B is 84%, whereas it is estimated to be at only 6% in Africa. Owing to this issue, vaccination management solution-providing companies are focusing on providing the benefit of immunization even to these vulnerable demographics.

Therefore, companies are developing various strategies to apply such instruments to make the software viable for various countries.

“Mobile-enabled automated workflows to enhance efficiency and minimize error can enhance market growth.”

Vaccine management solutions for mobile phones have allowed health workers to gather information quickly, create dynamic digitized workflows, fill forms, and more by just using their smartphones and tablets.

With the growth in the smartphone industry over the last five years, developers of vaccine management solutions have started implementing their software on mobile platforms for easy access.

Vaccine management solutions for mobile and tablet devices provide an effortless user interface without consuming much space. With such compatibility, it would be easy for government agencies and healthcare providers to reach into the remotest area to implement immunization programs.

Owing to the changes happening in mobile phone technology, this trend is going to have a long-term influence on the vaccine management solution market.

What Do Vaccine Management Solution Service Providers Need to Watch Out for?

“Low Availability of Trained Professionals for Operating Software can impede the Market”

With the introduction of cloud-based vaccine management software, the procedures to manage the immunization program have become simpler as well as faster. However, the newer vaccine management software provides a user interface that can be difficult for an untrained person to operate.

In case of any minor inconsistencies in the solution, the person managing the software should have the knowledge to detect the problem and resolve the problem. As a result, vaccine management solution providers have engaged in making solutions as user-friendly as possible.

However, the person handling the software still requires a basic understanding of the system, from physical connections to system applications. The risk, in this case, is not just the loss of resources, but any error in interpreting information may result in loss of life. Moreover, at the time of the COVID-19 pandemic, when the target population for immunization is in the billions, proper training for the person operating the software is crucial.

Comparative View of Adjacent Vaccine Management Solution Market

Vaccine Management Solution Market :

Attributes	Vaccine Management Solution Market
CAGR (2023-2033)	11.9%
Market Value (2033)	US$ 721 million
Growth Factor	Growth can be attributed to the automated workflows that are mobile-enabled and can increase productivity and decrease error.
Opportunity	Cloud-based technologies help healthcare professionals make decisions in real-time, providing new opportunities in the market.
Key Trends	Startups create user-friendly apps for effective vaccine management.

Vaccine Market :

Attributes	Vaccine Market
CAGR (2023-2033)	10%
Market Value (2033)	US$ 120 billion
Growth Factor	The prevalence of infectious and chronic diseases is increasing, which is driving growth in the global market.
Opportunity	A greater understanding of vaccines among individuals in developing nations is opening up new business prospects for manufacturers.
Key Trends	Genetic engineering and lab automation are assisting vaccine producers in creating affordable vaccines.

Vaccine Packaging Market :

Attributes	Vaccine Packaging Market
CAGR (2023-2033)	13.2%
Market Value (2033)	US$ 4.48 billion
Growth Factor	The market is projected to grow as end-use industries like diagnostic centers and hospitals experience increased demand.
Opportunity	The demand is fueled by the high amount of vaccines that consumers receive through major vaccination efforts or programs.
Key Trends	Innovative packaging design techniques with a focus on sustainability are opening up new business opportunities.

Country-wise Insights

How Does Increasing Vaccine Management Solution Demand in the US Drive the Market?

North America is anticipated to exhibit impressive growth opportunities for the vaccine management solution 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. Thus, the adoption of vaccine management solutions in the U.S. is anticipated to reach US$ 217 million by 2032.

Why Russia Vaccine Management Solution Market Expected to Be Highly Lucrative?

In vaccine management, to guarantee vaccine quality, safety, and effectiveness to ensure timely access to vaccines and their population while driving the international effort for solidarity to guarantee fair and affordable access for all individuals in the EU.

Additionally, Russia, with a market share of 23% in 2022, is the largest chunk holder in Europe. Russia is expected to have an absolute dollar opportunity of US$ 30 million over the past few years.

Category-wise Insights

Why is Program Management in Vaccine Management Solution Market a Driving Segment?

The program management in the solution sub-segment has captured a majority of the market share attributed to its wide adoption across and is projected to expand at a 12.5% CAGR in the forecast period.

Additionally, the adoption of vaccine management solutions is proliferating due to their ability to provide solutions for most healthcare organizations. Program management has gained significant traction. Moreover, program management is set to dominate digital health till the projected term of 2032.

Program management components are set to grow per the global vaccine management solution market over the forecast period 2022-2032. Owing to the above facts, the vaccine management solution market is predicted to have a CAGR of 11.9% by the end of 2032.

Why is Market Growth Being Led by the Public End-Use Type?

The provision of a digital vaccine appointment booking capacity to assist in immunizing health, social care, and related clinical personnel throughout the public sectors and the citizens across care settings such as GP, Hospitals, and Community.

The public end-use type is anticipated to achieve a valuation of US$ 409 million by the end of 2032. Therefore, owing to the above-mentioned factors, the market for the public end-use sector is expected to grow more than 3X over the decade.

Competitive Landscape

Prominent vaccine management solution service providers are Accenture, Infosys, Deloitte, Salesforce, Conduent, UL LLC, Sense Corp, Qualtrics, Omnisys, Promero, PreCheck, Epazz, Mazik Global, and HealthRX.

The low availability of trained professionals can be a significant bottleneck in service offerings and competitive vaccine management solutions. Major market players are working to bring advanced technology to the market.

Some of the key developments are :

• In 2020, Omnisys announced launching OmniLINK vaccine management solution (VMS) that particularly focuses on pharmacy-administered immunization programs.
• In February 2020, Infosys, an Indian multinational information technology company, announced acquiring a Utah-based company named Simplus for US$ 250 million. The acquisition assists the company in providing vaccine management solutions.

Segmentation of Vaccine Management Solution Industry

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