Vaccine Management Solution Market: Integration of AI and IoT in...

Vaccine Management Solution Market: Integration of AI and IoT in Vaccine Management

Posted 2024-04-17 18:20:39

As per the market research and competitive intelligence provider Fact.MR, the global Vaccination Management System Market is anticipated to grow at a compound annual growth rate (CAGR) of 11.9% over the projected period, ending in 2022 with a potential valuation of US$ 223 million. Without human assistance, the AI-integrated system can manage the equipment linked to the vaccine cold chain supply.

As the number of children in developing nations climbs, vaccination management systems become more and more necessary for the proper implementation of immunization programs. This has led to the development of numerous software platforms and tools, such as vaccine management software, that effectively handle and monitor medical data.

AI can automatically collect information about the patient from all the available resources. E-commerce-backed automated supply chain management and warehousing are allowing pharmaceutical companies and healthcare providers to manage huge amounts of inventory with proper management and supply systems, enhancing the demand for vaccine management solutions.

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Global health discrimination was addressed by the development and use of vaccinations as a component of organized immunization campaigns. However, newborns, adults, and elderly individuals around the world continue to have unequal chances of contracting life-threatening diseases today. The persistent socioeconomic disparity present throughout the world is the cause of this.

Key Takeaways from Market Study

The global vaccine management solution market is projected to reach US$ 721 million by 2032.
The vaccine management solution market witnessed a 17.2% CAGR between 2017 and 2021.
Under subscription, the new subscription segment dominates the market with US$ 120 million valuations in 2022.
Under the model, platform solutions dominate the market and are valued at US$ 163 million in 2022.
Based on region, demand for vaccine management solutions is expected to increase at a CAGR of 14.7% in North America during the forecast period.

“Mobile-enabled automated workflows to enhance efficiency and minimize error to offer lucrative opportunities,” says a Fact.MR analyst.

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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.

Key Companies Profiled:-

Accenture
Infosys
Deloitte
Salesforce
Conduent
UL LLC
Sense Corp
Qualtrics
Omnisys
Promero
PreCheck
Epazz
Mazik Global
HealthRX

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Competitive Landscape:

Leading vaccine management solution companies are majorly focusing on product innovations to attract a wider consumer base. Vaccine management solution with user-friendly and innovative features appeals teach-savvy consumers, leading to high sales growth. They are also employing strategies such as global expansion and collaborations to boost their market reach and offerings.

Accenture is one of the key players in the vaccine management solution market which offers effective and reliable vaccine management and tracking platform.

Key Segments of Electronic Health Record Market Research:

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 :
- Public
- Private
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa