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

  • Published: Oct 2022
  • Pages: 160
  • SKU: IRTNTR40194
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The cryogenic vials market is estimated to grow at a CAGR of 5.38% between 2022 and 2027. The size of the market is forecast to increase by USD 66.16 million. 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 favourable government support and increase in funding. 

This report extensively covers type (internally threaded cryogenic vials and externally threaded cryogenic vials), end-user (research organizations, drug manufacturers, healthcare institutions, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

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

Cryogenic Vials Market Size

Download Report Sample to Unlock the Cryogenic Vials Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis 

Technavio categorizes the global cryogenic vials market as a part of the global life science tools and services market. The parent, global life science tools and services market covers products and companies engaged in R&D of a variety of product categories, including capital equipment, instruments, accessories, and consumables that are used for R&D on pharmaceuticals and biotechnology products and laboratory diagnosis of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. 

Cryogenic Vials Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing adoption of cryopreservation procedures is notably driving the market growth, although factors such as increasing cross-contamination issues due to poor manufacturing may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Market Driver

The increasing adoption of cryopreservation procedures is a key factor driving the global cryogenic vials 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. Efficient cryopreservation of biological materials, such as cells and tissues, helps in saving the additional costs involved in re-ordering stocks periodically. The demand for cryopreservation of cells such as hepatocytes, cardiomyocytes, and neuronal cells has increased owing to their significant use in neuroscience and cardiology research. Cryogenic vials are vital in cryopreservation procedures as they are extremely efficient in maintaining optimum storage conditions and the sufficient retrieval of biological materials. Thus, the demand for cryogenic vials is increasing in tandem with the significant increase in cryopreservation procedures, which, in turn, will drive the growth of the global market during the forecast period.

Key Market Trend

Growing adoption of barcoded cryogenic vials will fuel the global cryogenic vials market growth. The increasing adoption of LIMS and automation technologies is driving the demand for supplies that are easy to track and record with minimal manual intervention. The utilization of LIMS and other inventory management software allows end-users to track and maintain records and other necessary information easily. Considering such factors, vendors operating in the global market are focusing on updating their product offerings with advanced tracking technologies such as 1D and 2D barcoded cryogenic vials. Technologically advanced cryogenic vials are finding increasing adoption among biobanks and cell banks that are involved in cryopreserving large quantities and varieties of biomaterials. Printed barcodes on cryogenic vials are more robust than labels and help in the easy identification and tracking of bio-samples/biomaterials and maintaining a reliable chain of custody through automated storage of information. This helps optimize the efficiency and cost-effectiveness of cryopreservation operations, minimize the chances of human errors, and maintain reproducibility and collaboration among sample batches. Digital storage of information through barcode scanning has allowed the easy sharing of information among various end-users. Developments of such products and their growing adoption are expected to fuel the growth of the global market during the forecast period.

Key Market Challenge

The cross-contamination issues related to poor manufacturing are a major challenge to the global cryogenic vials 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 (including cryogenic vials) 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. However, the application of plastic cryogenic tubes in the cryopreservation of animal cells in pharmaceutical production applications has created new challenges for vendors. 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. Lack of the ability to control cross-contamination caused by liquid nitrogen and leaching and formation of temperature gradation during cryopreservation poses challenges. Thus, such factors will hamper the growth of the global market during the forecast period.

Key Market Customer Landscape

Our analysis of the Life Cycle of the Global cryogenic vials market is from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global cryogenic vials market, focusing on the adoption rates of the major regions such as the US, Germany, the UK, France, and Japan. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.

Cryogenic Vials Market Share by Geography

Global Cryogenic Vials Market Customer Landscape

Who are the Major Cryogenic Vials Market Vendors?                                     

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

  • abdoslifesciences.com - The company offers cryogenic vials such as Freezing Tubes, Cryo Vial External Thread, and Cryo Coders for External and Internal Threaded Vials. Moreover, this segment focuses on the manufacturing of high-quality plastic laboratory products.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, 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 vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

What is the Fastest-Growing Segment in the Cryogenic Vials Market?

The market share growth by the internally threaded cryogenic vials 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 cryogenic vials 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. 

Cryogenic Vials Market Size

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The internally threaded cryogenic vials showed a gradual increase in market share, from  USD 101.48 million in 2017 and continued to grow by 2021. 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 vendors 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 Cryogenic Vials Market by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Which are the Key Regions for the Cryogenic Vials Market?

Cryogenic Vials Market Share by Geography

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North America is projected to contribute 36% by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America dominates the global cryogenic vials 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 for cryogenic vials in North America. In addition, North America has the presence of a considerable number of prominent vendors 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.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of the COVID-19 pandemic led to a surge in demand for cryogenic vials in North America. During the COVID-19 pandemic, the US witnessed supply chain disruptions and drug shortages. Supply chain disruptions and export restrictions due to the rapid spread of the pandemic in European and Asian countries, including India, resulted in supply shortages of cryogenic vials among importing countries, including the US. In February 2020, the US FDA announced the holding back of inspections of Chinese research facilities due to the outbreak and warned about the possible shortages of critical medical products if the outbreak persisted. However, the continuation of trade with China and other international countries and the resumption of clinical trials on other diseases, with progressing vaccination drives in the second half of 2020 are the major factors that are expected to boost the growth of the regional cryogenic vials market during the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. We have segmented the market based on type, product, distribution channel, and region.

  • 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

    Report Coverage

    Details

    Page number

    120

    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

    $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.

    Request PDF sample

    What are the Key Data Covered in this Cryogenic Vials Market 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 cryogenic vials 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 vendors
    • Comprehensive details of factors that will challenge the growth of market vendors

    We can help! Our analysts can customize this 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 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 25: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
    • 5.2 Comparison by Type
      • Exhibit 27: Chart on Comparison by Type
      • Exhibit 28: Data Table on Comparison by Type
    • 5.3 Internally threaded cryogenic vials - Market size and forecast 2022-2027
      • Exhibit 29: Chart on Internally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 30: Data Table on Internally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 31: Chart on Internally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on Internally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
    • 5.4 Externally threaded cryogenic vials - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Externally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on Externally threaded cryogenic vials - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on Externally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Externally threaded cryogenic vials - Year-over-year growth 2022-2027 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 37: Market opportunity by Type ($ million)

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 38: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 39: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 40: Chart on Comparison by End-user
      • Exhibit 41: Data Table on Comparison by End-user
    • 6.3 Research organization - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Research organization - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Research organization - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Research organization - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Research organization - Year-over-year growth 2022-2027 (%)
    • 6.4 Drug manufacturers - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Drug manufacturers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Drug manufacturers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Drug manufacturers - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Drug manufacturers - Year-over-year growth 2022-2027 (%)
    • 6.5 Healthcare institutions - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Healthcare institutions - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Healthcare institutions - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Healthcare institutions - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Healthcare institutions - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 54: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 55: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 57: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 58: Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 60: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 61: Data Table on Market share by geography 2022-2027 (%)
    • 8.2 Geographic comparison
      • Exhibit 62: Chart on Geographic comparison
      • Exhibit 63: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2022-2027
      • Exhibit 64: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 8.4 Europe - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 8.5 Asia - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 8.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 76: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 79: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 8.7 US - Market size and forecast 2022-2027
      • Exhibit 80: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 8.8 Germany - Market size and forecast 2022-2027
      • Exhibit 84: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 87: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 8.9 UK - Market size and forecast 2022-2027
      • Exhibit 88: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 91: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 8.10 France - Market size and forecast 2022-2027
      • Exhibit 92: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 95: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 8.11 Japan - Market size and forecast 2022-2027
      • Exhibit 96: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 99: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 8.12 Market opportunity by geography
      • Exhibit 100: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 101: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 103: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 104: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 105: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 106: Matrix on vendor position and classification
            • 11.3 Abdos Labtech Pvt. Ltd.
              • Exhibit 107: Abdos Labtech Pvt. Ltd. - Overview
              • Exhibit 108: Abdos Labtech Pvt. Ltd. - Product / Service
              • Exhibit 109: Abdos Labtech Pvt. Ltd. - Key offerings
            • 11.4 Avantor Inc.
              • Exhibit 110: Avantor Inc. - Overview
              • Exhibit 111: Avantor Inc. - Business segments
              • Exhibit 112: Avantor Inc. - Key news
              • Exhibit 113: Avantor Inc. - Key offerings
              • Exhibit 114: Avantor Inc. - Segment focus
            • 11.5 Azer Scientific Inc.
              • Exhibit 115: Azer Scientific Inc. - Overview
              • Exhibit 116: Azer Scientific Inc. - Product / Service
              • Exhibit 117: Azer Scientific Inc. - Key offerings
            • 11.6 Biologix Group Ltd.
              • Exhibit 118: Biologix Group Ltd. - Overview
              • Exhibit 119: Biologix Group Ltd. - Product / Service
              • Exhibit 120: Biologix Group Ltd. - Key offerings
            • 11.7 Brooks Automation Inc.
              • Exhibit 121: Brooks Automation Inc. - Overview
              • Exhibit 122: Brooks Automation Inc. - Business segments
              • Exhibit 123: Brooks Automation Inc. - Key offerings
              • Exhibit 124: Brooks Automation Inc. - Segment focus
            • 11.8 Cole Parmer Instrument Co. LLC
              • Exhibit 125: Cole Parmer Instrument Co. LLC - Overview
              • Exhibit 126: Cole Parmer Instrument Co. LLC - Product / Service
              • Exhibit 127: Cole Parmer Instrument Co. LLC - Key offerings
            • 11.9 Corning Inc.
              • Exhibit 128: Corning Inc. - Overview
              • Exhibit 129: Corning Inc. - Business segments
              • Exhibit 130: Corning Inc. - Key offerings
              • Exhibit 131: Corning Inc. - Segment focus
            • 11.10 DWK Life Sciences GmbH
              • Exhibit 132: DWK Life Sciences GmbH - Overview
              • Exhibit 133: DWK Life Sciences GmbH - Product / Service
              • Exhibit 134: DWK Life Sciences GmbH - Key offerings
            • 11.11 EZ BioResearch LLC
              • Exhibit 135: EZ BioResearch LLC - Overview
              • Exhibit 136: EZ BioResearch LLC - Product / Service
              • Exhibit 137: EZ BioResearch LLC - Key offerings
            • 11.12 LVL Technologies GmbH and Co. KG
              • Exhibit 138: LVL Technologies GmbH and Co. KG - Overview
              • Exhibit 139: LVL Technologies GmbH and Co. KG - Product / Service
              • Exhibit 140: LVL Technologies GmbH and Co. KG - Key offerings
            • 11.13 Merck KGaA
              • Exhibit 141: Merck KGaA - Overview
              • Exhibit 142: Merck KGaA - Business segments
              • Exhibit 143: Merck KGaA - Key news
              • Exhibit 144: Merck KGaA - Key offerings
              • Exhibit 145: Merck KGaA - Segment focus
            • 11.14 SARSTEDT AG and Co. KG
              • Exhibit 146: SARSTEDT AG and Co. KG - Overview
              • Exhibit 147: SARSTEDT AG and Co. KG - Product / Service
              • Exhibit 148: SARSTEDT AG and Co. KG - Key offerings
            • 11.15 Sumitomo Bakelite Co. Ltd.
              • Exhibit 149: Sumitomo Bakelite Co. Ltd. - Overview
              • Exhibit 150: Sumitomo Bakelite Co. Ltd. - Business segments
              • Exhibit 151: Sumitomo Bakelite Co. Ltd. - Key offerings
              • Exhibit 152: Sumitomo Bakelite Co. Ltd. - Segment focus
            • 11.16 Thermo Fisher Scientific Inc.
              • Exhibit 153: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 154: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 155: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 156: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 157: Thermo Fisher Scientific Inc. - Segment focus
            • 11.17 Ziath Ltd.
              • Exhibit 158: Ziath Ltd. - Overview
              • Exhibit 159: Ziath Ltd. - Product / Service
              • Exhibit 160: Ziath Ltd. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 12.5 List of abbreviations
                • Exhibit 167: 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.

                  TechnavioINFORMATION SOURCES

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                  Secondary sources

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                  • Government data
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                  • Historical data
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                  TechnavioDATA ANALYSIS

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                  • Estimation of key figures
                  • Analysis of derived insights

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                  TechnavioREPORT WRITING

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                  Cryogenic Vials market growth will increase by $66.16 million during 2023-2027.
                  The cryogenic vials market is expected to grow at a CAGR of 5.38% during 2023-2027.
                  Technavio has segmented the cryogenic vials market by type (Internally threaded cryogenic vials and Externally threaded cryogenic vials) ,end-user (Research organization, Drug manufacturers, Healthcare institutions, and Others) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
                  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 and Co. KG, Merck KGaA, Narang Medical Ltd., Pioneer Impex, SARSTEDT AG and Co. KG, Starlab International GMBH, Sumitomo Bakelite Co. Ltd., Thermo Fisher Scientific Inc., Wuxi NEST Biotechnology Co. Ltd., Ziath Ltd. are a few of the key vendors in the cryogenic vials market.
                  North America will register the highest growth rate of 35.61% among the other regions. Therefore, the cryogenic vials market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the cryogenic vials market growth are:
                  • Increasing adoption of cryopreservation procedures
                  • Growing adoption of barcoded cryogenic vials
                  The cryogenic vials market vendors should focus on grabbing business opportunities from the internally threaded cryogenic vials segment as it accounted for the largest market share in the base year.
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