Global Vaccine Management Solution Market Is Projected To Surge At An Impressive CAGR Of Over 17% Through 2030

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.

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Highlights of the Vaccine Management Solutions Market study:

• North America dominates the global vaccine management solutions market with a share of around 35% in 2019, the main driver being the well-established Information Communication and Technology (ICT) companies in the region.
• Vaccine Management Solutions market, with the exception of Middle East & Africa, which experienced the highest CAGR in Latin America. This is because active international organizations support a full global vaccine action plan.
• The global market is projected to surge at an impressive CAGR of over 17% by 2030.
• The COVID-19 pandemic is one of the major factors driving the global demand for vaccine management solutions. Government focus on improving digital infrastructure is another reason supporting the growth of vaccine management solutions market.

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Vaccine Management Solutions Market: Segmentation

Fact.MR studied the Vaccine Management Solutions market with detailed segmentation based on component, model, subscription, end use and geography.

Element

• solution
  • Inventory Management
  • program management
  • Clinical V. Management
  • material management
  • public participation
  • Organization Support
• service
  • management service
  • professional service

Model

• platform solution
• one point solution

application

• new subscriber
• Subscriber renewal

end use

• public
• private

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Some of the recent product launches include:

• Owing to opportunity provided by the COVID-19 pandemic, Infosys recently acquired Utah-based company Simplus, which is providing vaccine management solutions.
• Omnisys’ OmniLINK vaccine management solution (VMS), launched in 2020, particularly focuses on pharmacy-administered immunizations.
• Following the COVID-19 pandemic, Epazz launched numerous solutions in 2020. Some of them are vaccine management solutions, social distancing featured software, video interviewing, featured applicant tracking systems, etc.

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Product launches to enhance market resilience

Key players operating in the Vaccine Management Solutions market are Deloitte, Infosys, Accenture, Salesforce, Conduent, UL, Omnisys, and PreCheck.