[250 Pages Report] The sales of cryogenic vials are projected to rise at a CAGR of 4.2% during the forecast period. The cryogenic vials market size is estimated to be valued at US$ 158.1 Mn in 2022, and is expected to surpass US$ 238.6 Mn by 2032.
The expansion of pharmaceutical enterprises, rapid industrialization, as well as the growing geriatric population, are all likely to propel the demand for cryogenic vials during the forecast period. However, the cryogenic vials market growth is expected to restrain due to the high costs associated with cryogenic vials. Conversely, a surge in investment by the public and private sectors, as well as the adoption of innovative techniques and solutions are anticipated to provide creative options for the future cryogenic vials market growth.
| Attributes | Details |
|---|---|
| Cryogenic Vials Market Size (2022) | US$ 158.1 million |
| Cryogenic Vials Market Size (2032) | US$ 238.6 million |
| Cryogenic Vials Market CAGR | 4.2% |
Some of the important closure types of cryogenic vials are internally threaded cryogenic vials and externally threaded cryogenic vials. With a 55% share in total revenue, internally threaded cryogenic vials are accounted for the most widely used closure type of cryogenic vials across various applications. Moreover, the research organization accounts for the largest application industry for cryogenic vials with a share of over 35%.
Self-standing cryogenic vials are highly preferred by several end users, owing to their extensive uptake as extra storage space is not required by such vials. This is because they eliminate the need of an extra storage space when placing them into cryogenic racks, which is usually required for round bottom cryogenic vials.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The cryopreservation feature of cryogenic vials are crucial for temperature sensitive samples of cells, animal tissues, and proteins as they lose their chemical properties at room temperature, and require to be preserved far below sub-zero temperature. Moreover, the demand for cryogenic vials is further expected to rise owing to its capability for virus preservation, super sealing performance, easy sample collection and portability.
Cryogenic vials have various applications in the healthcare sector. This is due to the growing prominence of chronic diseases like diabetes, communicable diseases, and cancer. Moreover, the barcoding of cryogenic vials aids in incorporation of date for future reference, along with facilitating easy identification, which are expected to propel its application in the healthcare institutions.
The sales of cryogenic vials are expected to increase as manufacturers publicize them as storage bins and racks to better suit consumer needs. Moreover, the cryogenic treatment of animal cell culture can benefit from colour-coded polypropylene cap and silicone washer which are best suited for the cryogenic processing and conservation of animal cells.
Cryogenic vials are estimated to witness a shrinking demand amongst health institutes and drug manufacturers due to the decline in the sales of non-essential commodities. Moreover, cryogenic vials may lose their seal integrity when immersed in liquid nitrogen and cause cross contamination with the biological sample or explode due to prolonged storage in liquid nitrogen. These factors are excited to be critical drawbacks that impede the global cryogenic vials market growth.
On the contrary, the increasing command in drug research further requires the adoption of cryogenic vials which is supported by increasing funds supplied by governments of various countries. Moreover, there has been a growth in the acceptance of cryopreservation methods which further provides revenue opportunities for cryogenic vials manufacturers.
Principal Consultant
North America is currently the most dominating cryogenic vials market with a revenue of 18%. This is attributed to the increasing demand for cryopreservation of biomaterials such as nucleic acids, antibodies, proteins, cells, and tissue samples in biopharmaceutical research.
The emergence of new market players in developed economies like the United States, as well as an increase in cryopreserved sample volumes in this region, are likely to expand the cryogenic vials market size. Moreover, the rising number of diagnostic centres and advancement in research and technology are expected to further increase the deployment of cryogenic vials in this region.
The Asia-Pacific is the second largest cryogenic vials market, owing to the rapid development of the biotechnological and pharmaceutical sectors. The global expansion of local and international companies further contributes to the market growth of this region.
China is currently dominating the cryogenic vials market in APAC region with over a 35% share in 2021. Inversely, Japan, South Korea and India are expected to advance at a rapid pace during the forecast period.
Start-up companies in the cryogenic vials market are primarily focusing on the cell-culture and its preservation by producing cryogenic storage facilities which includes cryogenic vials.
The cryogenic vials market share is expected to increase as manufacturers are looking to expand their production and presence in the market, through various collaborations and partnerships. Furthermore, the industry is becoming highly competitive amongst market players in terms of product variation and pricing.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Product Type, Capacity Type, Material Type, Closure Type, End User, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | 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, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The cryogenic vials market is predicted to grow at a CAGR of 4.2% through 2032.
The cryogenic vials market is expected to surpass US$ 238.6 Mn by 2032.
North America is the leading region of the cryogenic vials market with a revenue of 18%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Material Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis By Material Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Analysis and Forecast By Material Type, 2022-2032 5.3.1. PHA 5.3.2. PLA 5.3.3. PP 5.3.4. LDPE 5.3.5. HDPE 5.3.6. PE 5.4. Y-o-Y Growth Trend Analysis By Material Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Material Type, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Capacity 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis By Capacity, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Analysis and Forecast By Capacity, 2022-2032 6.3.1. Greater Than 4ml 6.3.2. 3-4ml 6.3.3. 2-3ml 6.3.4. 1-2ml 6.3.5. 0.1-1ml 6.4. Y-o-Y Growth Trend Analysis By Capacity, 2017-2021 6.5. Absolute $ Opportunity Analysis By Capacity, 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis By End Use, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Analysis and Forecast By End Use, 2022-2032 7.3.1. Clinical Research Organizations 7.3.2. Drug Manufacturing 7.3.3. Hospitals 7.3.4. Diagnostic Centers 7.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Threading 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis By Threading, 2017-2021 8.3. Current and Future Market Size Value (US$ Mn) & Volume (Unit) Analysis and Forecast By Threading, 2022-2032 8.3.1. Internal Threading 8.3.2. External Threading 8.4. Y-o-Y Growth Trend Analysis By Threading, 2017-2021 8.5. Absolute $ Opportunity Analysis By Threading, 2022-2032 9. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Mn) & Volume (Unit) Analysis By Region, 2017-2021 9.3. Current Market Size Value (US$ Mn) & Volume (Unit) Analysis and Forecast By Region, 2022-2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. MEA 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Unit) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. U.S. 10.2.1.2. Canada 10.2.2. By Material Type 10.2.3. By Capacity 10.2.4. By End Use 10.2.5. By Threading 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material Type 10.3.3. By Capacity 10.3.4. By End Use 10.3.5. By Threading 10.4. Key Takeaways 11. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Unit) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Material Type 11.2.3. By Capacity 11.2.4. By End Use 11.2.5. By Threading 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material Type 11.3.3. By Capacity 11.3.4. By End Use 11.3.5. By Threading 11.4. Key Takeaways 12. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Unit) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. U.K. 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Material Type 12.2.3. By Capacity 12.2.4. By End Use 12.2.5. By Threading 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material Type 12.3.3. By Capacity 12.3.4. By End Use 12.3.5. By Threading 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Unit) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. New Zealand 13.2.1.8. Rest of APAC 13.2.2. By Material Type 13.2.3. By Capacity 13.2.4. By End Use 13.2.5. By Threading 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material Type 13.3.3. By Capacity 13.3.4. By End Use 13.3.5. By Threading 13.4. Key Takeaways 14. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Unit) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) & Volume (Unit) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Material Type 14.2.3. By Capacity 14.2.4. By End Use 14.2.5. By Threading 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material Type 14.3.3. By Capacity 14.3.4. By End Use 14.3.5. By Threading 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Material Type 15.1.2.2. By Capacity 15.1.2.3. By End Use 15.1.2.4. By Threading 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Material Type 15.2.2.2. By Capacity 15.2.2.3. By End Use 15.2.2.4. By Threading 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Material Type 15.3.2.2. By Capacity 15.3.2.3. By End Use 15.3.2.4. By Threading 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Material Type 15.4.2.2. By Capacity 15.4.2.3. By End Use 15.4.2.4. By Threading 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Material Type 15.5.2.2. By Capacity 15.5.2.3. By End Use 15.5.2.4. By Threading 15.6. U.K. 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Material Type 15.6.2.2. By Capacity 15.6.2.3. By End Use 15.6.2.4. By Threading 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Material Type 15.7.2.2. By Capacity 15.7.2.3. By End Use 15.7.2.4. By Threading 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Material Type 15.8.2.2. By Capacity 15.8.2.3. By End Use 15.8.2.4. By Threading 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Material Type 15.9.2.2. By Capacity 15.9.2.3. By End Use 15.9.2.4. By Threading 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Material Type 15.10.2.2. By Capacity 15.10.2.3. By End Use 15.10.2.4. By Threading 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Material Type 15.11.2.2. By Capacity 15.11.2.3. By End Use 15.11.2.4. By Threading 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Material Type 15.12.2.2. By Capacity 15.12.2.3. By End Use 15.12.2.4. By Threading 15.13. Malaysia 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Material Type 15.13.2.2. By Capacity 15.13.2.3. By End Use 15.13.2.4. By Threading 15.14. Singapore 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Material Type 15.14.2.2. By Capacity 15.14.2.3. By End Use 15.14.2.4. By Threading 15.15. Australia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Material Type 15.15.2.2. By Capacity 15.15.2.3. By End Use 15.15.2.4. By Threading 15.16. New Zealand 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Material Type 15.16.2.2. By Capacity 15.16.2.3. By End Use 15.16.2.4. By Threading 15.17. GCC Countries 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Material Type 15.17.2.2. By Capacity 15.17.2.3. By End Use 15.17.2.4. By Threading 15.18. South Africa 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Material Type 15.18.2.2. By Capacity 15.18.2.3. By End Use 15.18.2.4. By Threading 15.19. Israel 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Material Type 15.19.2.2. By Capacity 15.19.2.3. By End Use 15.19.2.4. By Threading 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Material Type 16.3.3. By Capacity 16.3.4. By End Use 16.3.5. By Threading 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Avantor Inc 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. BIOLOGIX GROUP Ltd 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Brooks Automation Inc 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Corning Inc 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. DWK Life Sciences GmbH 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. E. Merck KG 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. SARSTEDT AG & Co. KG 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. STEMCELL Technologies Inc 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Sumitomo Bakelite Co. Ltd. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Thermo Fisher Scientific Inc 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Packaging Insights
View Reports
Cryogenic Vials Market
