The global demand for Cryogenic Vials Market is presumed to reach the market size of nearly USD 7.8 BN by 2030 from USD 4.2 BN in 2022 with a CAGR of 6% under the study period 2023 - 2030.
Cryogenic vials are defined as small, capped vials designed to store materials which can withstand very low temperatures. Cryogenic vials are ideal for sample storage in vapor state liquid nitrogen. They are made from non-mutagenic and non-cytotoxic plastic resins. Cryogenic vials are essential for preserving temperature-sensitive samples of proteins, animal tissues, and other cells since these samples lose their chemical properties at room temperature and must be kept at temperatures much below absolute zero.
Market Dynamics
The rising need for cryopreservation in research organizations for the purpose of maintaining the viability of biological specimens is one of the major factors driving the growth of the cryogenic vials market. The demand for cryogenic vials is expected to be driven by several factors, such as rapid industrialization, the growing elderly population, and the increasing expansion of pharmaceutical industries. Cryogenic vials demand is increasing due to their ability of virus preservation, exceptional sealing performance, easy sample collection, and portability. Furthermore, the rising prevalence of chronic diseases (diabetes and cancer), will also propel the market growth during the forecast period. In addition, the increasing demand for cryogenic vials in the healthcare sector, drug development and research, and the increasing adoption of cryopreservation treatments among the population are other factors propelling the market growth of cryogenic vials.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cryogenic vials. The growth and trends of cryogenic vials industry provide a holistic approach to this study.
Market Segmentation
This section of the cryogenic vials market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Capacity Type
- 0.5Ml-1Ml
- 1Ml-2Ml
- 2Ml-5Ml
By Product Type
- Self-Standing
- Round Bottom
By Material Type
- Polypropylene
- Polyethylene
By End-Use
- Research Organization
- Drug Manufacturers
- Healthcare Institutions
- Others
By Closure Type
- External Thread
- Internal Thread
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cryogenic Vials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cryogenic Vials Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cryogenic vials market include Thermo Fisher Scientific Inc., Corning Incorporated, DWK Life Sciences GmbH, Sigma-Aldrich Corporation, VWR International LLC, BioCision LLC, Sumitomo Bakelite Co. Ltd, Starlab International GmbH, Capp ApS, Incell Technologies, Ziath Ltd, Argos Technologies Inc, Azer Scientific Inc, E&K Scientific Products Inc., Evergreen Scientific, CELLTREAT Scientific Products, Biologix Group Ltd, Abdos Labtech Private Limited, Simport Plastics Limited, EZ Bio Research LLC., Thermo Fisher Scientific Inc., Corning Incorporated, DWK Life Sciences GmbH, Sigma-Aldrich Corporation, VWR International LLC, BioCision LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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