According to a market report by Lucintel, the future of the cryogenic vial market looks promising with opportunities in the research organization, drug manufacturing, and healthcare institution applications. The global cryogenic vial market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing acceptance of cryopreservation treatments amongst the population, increased growth and expansion of pharmaceutical enterprises around the world, and growing demand for storage of temperature sensitive samples.
In this market, internally threaded cryogenic vial and externally threaded cryogenic vial are the major segments by closure type. Lucintel forecasts that internally threaded cryogenic vial will remain the largest segment over the forecast period because it is preferred by end-users as they are easier to handle during cryopreservation, its sales are higher than external threaded cryogenic vial sales and worldwide the cryogenic vial market has been benefited from the easy availability of internally threaded cryogenic vial with a variety of choices and possibilities.
Within this market, healthcare institution is expected to remain the largest segment due to rapid surge in chronic diseases such as diabetes, communicable diseases, and cancer, rising patient pool, and well-equipped hospital facilities. Also, the barcoding of cryogenic vial helps in incorporation of date for future reference and easy identification, which contributes in its growing demand in the healthcare institutions.
APAC will witness highest growth due to rapid growth of the pharmaceutical & biotechnological sectors, global expansion of local & international companies, increased need for cells and biobanks, and strong proliferation of healthcare infrastructure.
Thermo Fisher Scientific, Corning Incorporated, Sigma-Aldrich Corporation, VWR International, BioCision, Sumitomo Bakelite, Starlab International GmbH, Incell Technologies, Argos Technologies, and E&K Scientific Products, are the major suppliers in the global cryogenic vial market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cryogenic vial market by product, closure type, capacity, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Cryogenic Vial Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global cryogenic vial market by product, closure type, capacity, application, and region, as follows:
Cryogenic Vial Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
· Self-standing
· Round bottom
Cryogenic Vial Market by Closure Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Internally Threaded Cryogenic Vials
· Externally Threaded Cryogenic Vials
Cryogenic Vial Market by Capacity [Value ($B) Shipment Analysis from 2017 to 2028]:
· 0.5ml to 1ml
· 1ml to 2ml
· 2ml to 5ml
Cryogenic Vial Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Research Organization
· Drug Manufacturing
· Healthcare Institution
· Others
Cryogenic Vial Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Cryogenic Vial Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cryogenic vial market by product (self-standing and round bottom), closure type (internally threaded cryogenic vial and externally threaded cryogenic vials), capacity (0.5ml to 1ml, 1ml to 2ml, and 2ml to 5ml), application (research organization, drug manufacturing, healthcare institution, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?