Global Cryogenic Vials Market size was valued at US$ 146 Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Cryogenic Vials market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Cryogenic Vials report also provides trends by market segments, technology, and investment with a competitive landscape.
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Global Cryogenic Vials Market Overview:
A vial is a tiny cylindrical glass container that holds liquid medications. With the use of a cap, cryogenic vials are meant to store and transfer biological material or samples such as human or animal cells, serum, and antibodies at temperatures as low as -196°C. To retain biological material at severe temperatures, sterile cryogenic vials were designed. Polypropylene cryogenic vials are made and sterilized by gamma radiation.
Global Cryogenic Vials Market Dynamics:
The cryopreservation characteristic of cryogenic vials is a significant driver driving the cryogenic vials market. Temperature-sensitive samples of proteins, animal tissues, and cells lose their chemical characteristics at ambient temperature, thus they must be stored at temperatures well below sub-zero.
The cryogenic vials can safely store materials at temperatures as low as -196 degrees Celsius. Due to significant investment in the research and development sector, nations like the United States, Germany, and Japan account for a large portion of the revenue share in the worldwide cryogenic vials market. These nations are heavily active in novel drug discovery research.
To better meet customer needs, manufacturers are producing cryogenic vial variants as well as storage racks and bins. Color-coded polypropylene cap with silicone washer for cryogenic processing and preservation of animal cells, as well as cryogenic treatment of animal cell culture.
Global Cryogenic Vials Market Segment Analysis:
Based on Capacity, the 1 ml – 2 ml segment led the cryogenic vials market with 55% sales share by the end of the forecast period. The 2ml-5ml category, on the other hand, is expected to increase rapidly, with a CAGR of 3.5% in terms of value.
Based on Product, the self-standing cryogenic vials segment dominated the market with more than 50% sales revenue. Self-standing cryogenic vials are preferable because they minimize the need for additional storage space while storing round bottom cryogenic vials on cryogenic racks, which is obligated.
Based on End User, the Research segment led the market with a high CAGR of 4.2 % by value, over the forecast period as worldwide research and development activities grow at a quick pace.
Global Cryogenic Vials Market Regional Insights:
The North American area is expected to have the largest market share over the projection period, because of the economically feasible production environment and exceptionally advantageous trade circumstances.
Due to rising industrialization, Asia Pacific is expected to be a promising geographical market throughout the forecast period.
The European region is expected to grow at a healthy CAGR during the forecast period, because of the presence of a key market participant named Starlab International. The cryogenic vials market is expected to rise at a moderate rate in the Middle East and Africa, as well as Latin America.
The objective of the report is to present a comprehensive analysis of the global Cryogenic Vials market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Cryogenic Vials market dynamics, structure by analyzing the market segments and project the global Cryogenic Vials market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Cryogenic Vials market make the report investor’s guide.
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Global Cryogenic Vials Market Scope: Inquire before buying
Global Cryogenic Vials Market, by Region
- North America
- Asia Pacific
- The Middle East and Africa
- South America
Global Cryogenic Vials Market Key Players
- 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
- Azer Scientific, Inc.
- E&K Scientific Products, Inc.
- Evergreen Scientific
- CELLTREAT Scientific Products
- BIOLOGIX GROUP LTD
- Abdos Labtech Private Limited
- Other Key Players
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