The South Korea vaccine refrigerator market reached a value of approximately USD 34.37 Million in 2025. The market is projected to grow at a CAGR of 4.80% between 2026 and 2035, reaching a value of around USD 54.93 Million by 2035.
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The Ministry of Health and Welfare states the Korean pharmaceutical market ranks 13th globally, valued at USD 0.02 trillion in 2023.
The Ministry of Health and Welfare convened at the Korea Pharmaceutical Association to approve “The 3rd Comprehensive Bio-Pharmaceutical Development Plan” (2023-2027).
Samsung Biologics, a fully integrated CDMO in South Korea, boasts the world's largest production capacity at 620,000L.
Compound Annual Growth Rate
4.8%
Value in USD Million
2026-2035
*this image is indicative*
Vaccine refrigerator comprises various products including vaccine under-counter refrigerators, vaccine stainless steel refrigerators, vaccine dual temperature refrigerators, and solar vaccine refrigerators. Various innovations including the integration of the Internet of Things (IoT) and artificial intelligence (AI) facilitate predictive maintenance, automatic temperature regulation, and data-driven enhancement of vaccine storage conditions.
Further, the use of advanced insulation materials improves temperature consistency and reduces heat transfer, ensuring the integrity of vaccines during storage and transit. Professionals with expertise in regulatory compliance navigate the complex requirements governing vaccine storage and transportation, guaranteeing that vaccine refrigerators adhere to essential standards and certifications for market authorization.
As per MOHW, the Republic of Korea, the pharmaceutical industry aims to increase high-quality employment opportunities from 120,000 in 2021 to 150,000 by 2027.
Emphasis on cold chain management, data logging and remote monitoring, technological advancements, and the growth of vaccination initiatives are the major trends impacting the South Korea vaccine refrigerator market growth.
Growing emphasis on maintaining the integrity of the vaccine cold chain, from manufacturing facilities to vaccination sites, underscores the importance of high-quality vaccine refrigeration equipment capable of preserving vaccine efficacy throughout the supply chain.
Incorporating remote monitoring and data logging features in vaccine refrigerators enables healthcare providers to monitor temperature conditions in real-time, ensuring ideal storage conditions and facilitating prompt action in case of temperature fluctuations.
Continual advancements in vaccine refrigeration technology, including the refinement of temperature control systems, enhancement of insulation materials, and implementation of energy-efficient cooling mechanisms, improve the effectiveness and dependability of vaccine refrigerators.
The expansion of vaccination programs, encompassing routine immunization schedules and mass vaccination campaigns, boosts the demand for dependable and efficient vaccine storage solutions, thereby driving market growth.
Increasing emphasis on sustainability drives the demand for eco-friendly vaccine refrigerators powered by renewable energy sources like solar panels. These sustainable solutions align with global efforts to reduce carbon footprints and promote environmental conservation.
The growing demand for specialized vaccine storage solutions tailored to specific vaccine types and storage requirements drives the development of customisable refrigeration systems, catering to the diverse needs of healthcare facilities and pharmaceutical companies.
South Korea Vaccine Refrigerator Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End User
Vaccine stainless steel refrigerators contribute to the South Korea vaccine refrigerator market growth as they typically adhere to rigorous regulatory standards for vaccine storage, offering reassurance to healthcare professionals and regulatory authorities regarding the safety and quality of vaccines stored within.
Many vaccines stainless steel refrigerators are equipped with advanced features such as temperature monitoring, and data logging capabilities which help healthcare providers ensure proper storage conditions and respond promptly to any deviations.
Solar vaccine refrigerators eliminate the need for traditional power sources, such as electricity or fuel, reducing operational costs in the long run. They provide a backup solution during power outages, ensuring uninterrupted vaccine storage and minimizing the risk of vaccine spoilage.
Hospital drives growth in the South Korea vaccine refrigerator market share by prioritizing vaccination as part of preventive care strategies, necessitating adequate storage capacity for vaccines.
With the expansion of vaccination programs, hospitals require reliable and efficient vaccine storage solutions, leading to an increased demand for vaccine refrigerators. Moreover, hospitals are prioritising investment in innovative solutions to optimise vaccine storage conditions and enhance patient care outcomes.
Pharmaceutical companies invest in the development of new vaccines and biologics, leading to an increased demand for specialized vaccine refrigeration equipment. Moreover, pharmaceutical companies are investing in advanced vaccine refrigerators equipped with temperature monitoring and alarm systems to ensure compliance with cold chain requirements.
The companies produce and offer products including low-temperature storage equipment, refrigerators, specialized medical and laboratory equipment and others to hospitals, blood banks and others.
Established in 1974 and is headquartered in Gwangju, Republic of Korea. The company offers products including refrigerators, washing machines, kitchen appliances, air conditioners, TVs, and small appliances.
Founded in 2014 and is a Chiyoda-ku, Tokyo-based company. The company offers diabetes management products and services, healthcare solutions, diagnostics, and life sciences solutions utilized by patients, healthcare professionals, and researchers across more than 125 nations.
Established in 2005 and is headquartered in Qingdao, Shandong. The company focuses on the research & development, manufacturing, and sales of low-temperature storage equipment for biomedical samples.
Founded in 1977 and is headquartered in Noblesville, Indiana. The company designs, integrates, manufactures, markets, and distributes specialized medical and laboratory equipment to clinical and life science clients in more than 125 countries.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other South Korea vaccine refrigerator market key players are Dometic Group AB, and Thermo Fisher Scientific Holdings, Inc., among others.
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The market was valued at USD 34.37 Million in 2025.
The market is projected to grow at a CAGR of 4.80% between 2026 and 2035.
The revenue generated from the South Korea vaccine refrigerator market is expected to reach USD 54.93 Million in 2035.
The market is categorised according to the product, which includes vaccine stainless steel refrigerators, vaccine under counter refrigerators, vaccine dual temperature refrigerators, and solar vaccine refrigerators.
The market key players are WINIA Electronics Co., Ltd., PHC Holdings Corporation, Helmer Scientific Inc., Haier Biomedical, Dometic Group AB, and Thermo Fisher Scientific Holdings, Inc., among others.
Based on the end-use, the market is divided into pharmaceutical companies, hospitals, blood banks, and academic and research institutes.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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