Cryogenic Vials Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 166 SKU: IRTNTR40194

Cryogenic Vials Market Forecast 2023-2027

The cryogenic vials market size is estimated to grow by USD 66.16 million at a CAGR of 5.38% between 2022 and 2027. The growth of the market depends on several factors, including the increasing adoption of cryopreservation procedures, the growing use of cryogenic vials in drug research and development, and favorable government support and increase in funding.

 What will the Size of the Market be During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

The increasing adoption of cryopreservation procedures is a key factor driving the global market growth. The cryopreservation procedure uses ultra-low temperatures (<150°C) for preserving biological samples. This procedure is finding extensive adoption in a range of applications, such as the preservation of cells and organs, molecular biology and biochemistry, cryosurgery, food sciences, and medical applications, among others. Laboratory clinicians, researchers, and medical practitioners are finding the cryopreservation procedure to be extremely useful in storing samples for a long time and maintaining consistency and reproducibility in these applications.

Substantial demand for artificial insemination has increased cryopreservation practices among IVF centers and fertility clinics. Cryogenic vials are vital for cryopreservation procedures as they are efficient in maintaining optimum storage conditions and the sufficient retrieval of biological materials. Thus, the demand is increasing in tandem with the significant increase in cryopreservation procedures, which, in turn, will drive the growth of the market during the forecast period.

Key Trends

The increasing demand for stem cell cryopreservation is a major market trend. Stem cell-based therapies and treatment options are witnessing increased adoption in pre-clinical and clinical settings. The development of stem cell-based therapies that extensively use hematopoietic stem cells, mesenchymal stem cells, and pluripotent stem cells is gaining traction owing to their increasing use in developing regenerative medicines and personalized treatment options.

The focus on developing methods for cryopreserving induced pluripotent and embryonic stem cells is growing. Advancements in slow cooling protocols and the use of novel storage systems are providing efficient cryopreservation options, which are compliant with GMP requirements, regulations, automation, and scale-up productions. Such advancements are helping in fueling the demand for cryogenic vials, specifically in stem cell-based research applications.

Key Challenge

The cross-contamination issues related to poor manufacturing are a major challenge to the market growth. Maintaining the integrity of biomaterials during cryopreservation is of utmost importance and depends on their molecular and macroscopic aspects. The macroscopic aspects involve active sealing capabilities of the manufacturing material of storage systems and their capability to maintain a consistent temperature. However, the shift from glass to plastic cryogenic tubes has brought about significant opportunities for end-users by allowing them to freeze samples with less effort than in conventional vials. 

Stringent regulations on the prevention of contamination in preserved samples have compelled end-users to focus largely on factors impacting the control of in-vitro conditions in cryopreservation operations. manufacturing tubes with the efficient selection of materials and their capability of optimum performance in low-temperature conditions are vital requirements, which create a challenging situation for product manufacturers operating in this highly regulated market. Failure to certify the products according to standard requirements adversely impacts Companies' businesses by neutralizing their efforts and resources deployed in product development.

Key Customer Landscape

The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates?in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Cryogenic Vials Market Companies?                                    

Companies implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market 

Abdos Life Sciences- The company offers cryogenic vials such as Freezing Tubes, Cryo Vial External Thread, and Cryo Coders for External and Internal Threaded Vials. 

This market research and growth report covers detailed analyses of the market’s competitive landscape and offers information on 20 market companies, such as

  • AHN Biotechnologie GmbH
  • Avantor Inc.
  • Azer Scientific Inc.
  • Biologix Group Ltd.
  • Brooks Automation Inc.
  • Cole Parmer Instrument Co. LLC
  • Corning Inc.
  • DWK Life Sciences GmbH
  • EZ BioResearch LLC
  • LVL Technologies GmbH & Co. KG
  • Merck KGaA
  • Narang Medical Ltd.
  • Pioneer Impex
  • SARSTEDT AG & Co. KG
  • Starlab International GMBH
  • Sumitomo Bakelite Co. Ltd.
  • Thermo Fisher Scientific Inc.
  • Wuxi NEST Biotechnology Co. Ltd.
  • Ziath Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak. 

Market Segmentation

Based on type, the market is segmented into internally threaded cryogenic vials and externally threaded cryogenic vials. The market share growth by the segment will be significant during the forecast period. Internally threaded cryogenic vials are the largest segment of the market in 2022 and will continue to be the largest segment during the forecast period. Internally threaded cryogenic vials have screw threads on the inner or concave surface of the vials. Cryogenic vials expand when exposed to extreme temperatures. Though the expansion range in such events is minute, they may expose the biomaterials to the risk of contamination. To overcome such issues, internally threaded segment offer efficient sealing capabilities owing to the equal dimension outside the tube for caps and vials, which expand evenly with a change in temperature. This prevents the risk of contamination and maintains the sterility of biomaterials during extreme conditions. 

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The choice of cryogenic vials largely depends on the preference of end-users and the manual handling procedures followed during cryopreservation. Internally threaded cryogenic vials provide similar viability and sealing capabilities for biomaterials to externally threaded cryogenic vials. However, end-users find internally threaded cryogenic vials more suitable in terms of their handling during cryopreservation. As a result, the sales of internally threaded cryogenic vials are higher when compared to externally threaded cryogenic vials. Market Companies offer several choices to end-users, ranging from different materials to variations in designs and volume, i.e., ranging from 0.1 ml to 5 ml. Such vials are available with barcodes and easily readable characters to facilitate information storage, tracking, and sharing among end-users. The availability of such internally threaded cryogenic vials with multiple choices and options will fuel the growth of the internally threaded cryogenic vials segment of the global market during the forecast period. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment, along with their reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of the market by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Regional Analysis

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North America is projected to account for 36% of the global market share growth by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America dominates the market, with the US as the leading market in the region. The increasing need for the cryopreservation of biomaterials such as antibodies; nucleic acids; proteins, cells, and tissue samples in biopharmaceutical research and the growth in cryopreserved sample volumes are boosting the demand in North America. In addition, North America has the presence of a considerable number of prominent Companies in the market offering products with advanced features such as 1-D and 2-D-barcoded cryogenic vials and audit traceability that enable data sharing. The demand for such products is high in North America owing to the increasing adoption of connected IT architecture among biobanks and laboratories.

Market Analyst Overview

The Cryogenic Vials Market experiences robust growth, propelled by pharmaceutical enterprises, industrialization, and the expanding geriatric population. Offering various closure types to cater to diverse end users, these vials ensure the cryopreservation of temperature-sensitive samples and viruses with super sealing performance, preventing cross-contamination. Easy sample collection and portability make them indispensable for animal cell culture and health institutes. With the widespread use of liquid nitrogen and advancements in cryopreservation methods, the global cryogenic vials market presents significant revenue opportunities. Governments also play a crucial role in driving market growth by emphasizing the importance of cryopreservation in the research and healthcare sectors.

Segment Overview

Our market forecasting report covers revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Internally threaded cryogenic vials
    • Externally threaded cryogenic vials 
  • End-user Outlook (USD Million, 2017 - 2027)
    • Research organization
    • Drug manufacturers
    • Healthcare institutions
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
      • North America
        • The U.S.
        • Canada
      • Europe
        • The U.K.
        • Germany
        • France
        • Rest of Europe
      • Asia
        • China
        • India
      • ROW
        • Argentina
        • Australia
        • Brazil
        • Rest of the world

    Cryogenic Vials Market Scope

    Market Report Coverage

    Details

    Page number

    166

    Base year

    2022

    Historical year

    2017-2021

    Forecast period

    2023-2027

    Growth momentum & CAGR

    Accelerate at a CAGR of 5.38%

    Market growth 2023-2027

    USD 66.16 million

    Market structure

    Fragmented

    YoY growth (%)

    4.83

    Regional analysis

    North America, Europe, Asia, and ROW

    Performing market contribution

    North America at 36%

    Key consumer countries

    US, Germany, UK, France, and Japan

    Competitive landscape

    Leading companies, Competitive Strategies, Consumer engagement scope

    Key companies profiled

    Abdos Labtech Pvt. Ltd., AHN Biotechnologie GmbH, Avantor Inc., Azer Scientific Inc., Biologix Group Ltd., Brooks Automation Inc., Cole Parmer Instrument Co. LLC, Corning Inc., DWK Life Sciences GmbH, EZ BioResearch LLC, LVL Technologies GmbH & Co. KG, Merck KGaA, Narang Medical Ltd., Pioneer Impex, SARSTEDT AG & Co. KG, Starlab International GMBH, Sumitomo Bakelite Co. Ltd., Thermo Fisher Scientific Inc., Wuxi NEST Biotechnology Co. Ltd., and Ziath Ltd.

    Market dynamics

    Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period

    Customization purview

    If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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    What are the Key Data Covered in this Market Research Report?

    • CAGR of the market during the forecast period 2023-2027
    • Detailed information on factors that will drive market growth during the next five years
    • Precise estimation of the market size and its contribution to the parent market
    • Accurate predictions on upcoming trends and changes in consumer behavior
    • The growth of the industry across North America, Europe, Asia, and the Rest of the World (ROW)
    • A thorough analysis of the market’s competitive landscape and detailed information on Companies
    • Comprehensive details of factors that will challenge the growth of market Companies

    We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global cryogenic vials market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global cryogenic vials market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Internally threaded cryogenic vials - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Internally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Internally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Internally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Internally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
    • 6.4 Externally threaded cryogenic vials - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Externally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Externally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Externally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Externally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 45: Chart on Comparison by End-user
      • Exhibit 46: Data Table on Comparison by End-user
    • 7.3 Research organization - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Research organization - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Research organization - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Research organization - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Research organization - Year-over-year growth 2022-2027 (%)
    • 7.4 Drug manufacturers - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Drug manufacturers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Drug manufacturers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Drug manufacturers - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Drug manufacturers - Year-over-year growth 2022-2027 (%)
    • 7.5 Healthcare institutions - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Healthcare institutions - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Healthcare institutions - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Healthcare institutions - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Healthcare institutions - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 63: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Abdos Labtech Pvt. Ltd.
              • Exhibit 112: Abdos Labtech Pvt. Ltd. - Overview
              • Exhibit 113: Abdos Labtech Pvt. Ltd. - Product / Service
              • Exhibit 114: Abdos Labtech Pvt. Ltd. - Key offerings
            • 12.4 Avantor Inc.
              • Exhibit 115: Avantor Inc. - Overview
              • Exhibit 116: Avantor Inc. - Business segments
              • Exhibit 117: Avantor Inc. - Key news
              • Exhibit 118: Avantor Inc. - Key offerings
              • Exhibit 119: Avantor Inc. - Segment focus
            • 12.5 Azer Scientific Inc.
              • Exhibit 120: Azer Scientific Inc. - Overview
              • Exhibit 121: Azer Scientific Inc. - Product / Service
              • Exhibit 122: Azer Scientific Inc. - Key offerings
            • 12.6 Biologix Group Ltd.
              • Exhibit 123: Biologix Group Ltd. - Overview
              • Exhibit 124: Biologix Group Ltd. - Product / Service
              • Exhibit 125: Biologix Group Ltd. - Key offerings
            • 12.7 Brooks Automation Inc.
              • Exhibit 126: Brooks Automation Inc. - Overview
              • Exhibit 127: Brooks Automation Inc. - Business segments
              • Exhibit 128: Brooks Automation Inc. - Key offerings
              • Exhibit 129: Brooks Automation Inc. - Segment focus
            • 12.8 Cole Parmer Instrument Co. LLC
              • Exhibit 130: Cole Parmer Instrument Co. LLC - Overview
              • Exhibit 131: Cole Parmer Instrument Co. LLC - Product / Service
              • Exhibit 132: Cole Parmer Instrument Co. LLC - Key offerings
            • 12.9 Corning Inc.
              • Exhibit 133: Corning Inc. - Overview
              • Exhibit 134: Corning Inc. - Business segments
              • Exhibit 135: Corning Inc. - Key offerings
              • Exhibit 136: Corning Inc. - Segment focus
            • 12.10 DWK Life Sciences GmbH
              • Exhibit 137: DWK Life Sciences GmbH - Overview
              • Exhibit 138: DWK Life Sciences GmbH - Product / Service
              • Exhibit 139: DWK Life Sciences GmbH - Key offerings
            • 12.11 EZ BioResearch LLC
              • Exhibit 140: EZ BioResearch LLC - Overview
              • Exhibit 141: EZ BioResearch LLC - Product / Service
              • Exhibit 142: EZ BioResearch LLC - Key offerings
            • 12.12 LVL Technologies GmbH and Co. KG
              • Exhibit 143: LVL Technologies GmbH and Co. KG - Overview
              • Exhibit 144: LVL Technologies GmbH and Co. KG - Product / Service
              • Exhibit 145: LVL Technologies GmbH and Co. KG - Key offerings
            • 12.13 Merck KGaA
              • Exhibit 146: Merck KGaA - Overview
              • Exhibit 147: Merck KGaA - Business segments
              • Exhibit 148: Merck KGaA - Key news
              • Exhibit 149: Merck KGaA - Key offerings
              • Exhibit 150: Merck KGaA - Segment focus
            • 12.14 SARSTEDT AG and Co. KG
              • Exhibit 151: SARSTEDT AG and Co. KG - Overview
              • Exhibit 152: SARSTEDT AG and Co. KG - Product / Service
              • Exhibit 153: SARSTEDT AG and Co. KG - Key offerings
            • 12.15 Sumitomo Bakelite Co. Ltd.
              • Exhibit 154: Sumitomo Bakelite Co. Ltd. - Overview
              • Exhibit 155: Sumitomo Bakelite Co. Ltd. - Business segments
              • Exhibit 156: Sumitomo Bakelite Co. Ltd. - Key offerings
              • Exhibit 157: Sumitomo Bakelite Co. Ltd. - Segment focus
            • 12.16 Thermo Fisher Scientific Inc.
              • Exhibit 158: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 159: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 160: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 161: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 162: Thermo Fisher Scientific Inc. - Segment focus
            • 12.17 Ziath Ltd.
              • Exhibit 163: Ziath Ltd. - Overview
              • Exhibit 164: Ziath Ltd. - Product / Service
              • Exhibit 165: Ziath Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: List of abbreviations
              • growth due to the increasing number of tests for infectious and chronic diseases: The incidence of infectious and chronic diseases has increased over the past decade. The outbreak of the COVID-19 pandemic in 2020 has increased the demand for laboratory testing for COVID-19 across the world. An increase in demand for laboratory testing for infectious diseases, such as COVID-19 and chronic diseases, will be a driver for the life sciences tools and services industry in the future. The growth of the tools and services industry will continue to be strong in emerging markets such as China and India. Developed economies such as Japan and the EU will exhibit moderate growth rates.
                • product development to decrease prices: As the pricing pressure increases, life sciences tools manufacturers will have to rethink product development processes. A value first product design philosophy can help control costs and deliver what customers value the most.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  • What are the factors influencing the growth of the parent market?

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                  • Data on revenue-generating market segments
                  • Details on the market shares of various regions
                  • Five-force market analysis