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Cryogenic Vials and Tubes Market By Capacity type (0.5ml-1ml, 1ml-2ml, 2ml-5ml) By Product type (Self-Standing, Round bottom) By Material type (Polypropylene, Polyethylene) By End-use (Research Organization, Drug Manufactures, Healthcare Institutions, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028.

About this report

The global Cryogenic Vials and Tubes Market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Cryogenic Vials and Tubes industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Cryogenic Vials and Tubes industry, as well as how economic and non-economic barriers are helping the Cryogenic Vials and Tubes market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Cryogenic Vials and Tubes Market?

In 2021, 1ml-2ml was the leading capacity type segment dominated by the market value share of the cryogenic vials and tubes market. Due to the increasing demand for 1ml-2ml cryogenic tubes for collecting samples in hospitals and other healthcare institutions.

In 2021, the self-standing category was the leading segment in the cryogenic vials and tubes market. Due to the ease to use of self-standing tubes in hospitals.

In 2021, the polypropylene segment in material type mode dominated the market share due to the sufficient ductility for cryogenic applications. These factors are contributing to the segment's expansion.

In 2021, the research organization segment predicted the growth of the cryogenic vials and tubes market. It rapidly increased and accounted for the market share as global research and developments.

In 2021, the internal thread was the leading closure type segment in the cryogenic vials and tubes market. The cryogenic vials and tubes market is profitable from the easy availability of internal threads with various choices and possibilities. These are expected to increase the demand.

Which region dominated the Cryogenic Vials and Tubes Market?

In 2021, North America dominated the highest market share among developed economic countries such as the U.S in the global cryogenic vials and tubes market. North America has a growing demand for cryogenic vials and tubes for research and development. The increasing demand for biomaterials such as proteins, nucleus acid, cells, and tissues for biopharmaceutical research supported the cryogenic vials and tubes market growth. Furthermore, the advancement in research and technologies of industrial developments is increasing the demand for cryogenic vials and tubes in the North American region.

What is the competitive environment of the Cryogenic Vials and Tubes Market?

The cryogenic vials and tubes industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the Cryogenic Vials and Tubes market share globally, the business organization overview, the introduction of new products, and the opportunities for the Cryogenic Vials and Tubes market. For instance, in May 2021, Thermo Fisher Scientific Inc announced its Mr. Frosty Freezing Container. The simple-to-use system is designed to achieve a cooling rate very close to -1°C/minute, the optimal rate for cell preservation. It holds 12 to 18 tubes, and a screw-top lid secures samples inside in the event of accidental container tipping.

Executive Summary

What are all developments being developed in the Cryogenic Vials and Tubes Market?

Development of cryogenic vials and tubes for storing samples of many things such as blood, urine, and others. The global cryogenic vials and tubes market is being driven by an increase in demand for cryogenic vials and tubes to increase the storage and efficiency of the samples. For instance, in December 2019, Thermo Fisher Scientific, one of the leading companies in the pharmaceutical and healthcare sectors, launched the Nunc Biobanking and Cell Culture Cryogenic Tubes, a Certified SAL of 10-6 for the highest sterility assurance available. Also, it is suitable for storage from general cold storage refrigeration (+4°C) down to the vapor phase of liquid nitrogen. Thus, these developments by market players are expected to drive the cryogenic vials and tubes market during the forecast period.

Which key investments by the Cryogenic Vials and Tubes Industry Market players?

Cryogenic vials and tubes have been used for various usage due to their exceptional flexibility and capacity to be adaptable in weather conditions. Various investments are made among the key player. For instance, in December 2021, Müller + Müller, a maker of tubular glass primary packaging materials for the pharmaceutical industry, announced a USD 14.85 million investment at its Holzminden vial manufacturing location. The investment comes after the company's 2020 incorporation into the DWK Life Sciences group.

Some of the major players in the market are 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, and EZ Bio Research LLC.

What are the Major Driving Factors for the Cryogenic Vials and Tubes Market?

The rising developments of healthcare facilities such as pharmaceutical industries and hospitals in India are major factors in the Cryogenic vials and tubes market growth. India's changing technologies and innovative research and development activities are also expected to grow the market. Furthermore, the spreading of chronic disorders such as cancer, diabetes and other diseases is expected to grow the fuel industry due to increasing population and industrialization. These factors are expected to grow the Cryogenic Vials and Tubes market.

What are the Major Risks for the Cryogenic Vials and Tubes Market?

Cryogenic vials and tubes require a high cost, hampering the market growth. The cost infection issues caused by low manufacturing could also impact the cryogenic vials and tubes market. Furthermore, due to the negatively affected covid-19, the projected slow will hinder the cryogenic vials and tubes market. These factors are impacted hamper the cryogenic vials and tubes market growth.

Which is the key End-user in the Market Cryogenic Vials and Tubes Market

End-use is classified into research organizations, drug manufacturers, healthcare institutions and others. The Cryogenic Vials and Tubes market dominates the Research and organizations segment. The Research organization is predicted to grow the Cryogenic Vials and Tubes market because it is rapidly increasing and account for the market share as global research and developments in 2021. The increasing rapid developments and advancement research of the industrial sector have expected to grow. The biotechnological industries and small and big companies' inventions are also growing in market demand. These factors are expected to grow the cryogenic vials and tubes market.

How is the Cryogenic Vials and Tubes Market performing in regions?

In 2021, North America dominated the highest market share among developed economic countries such as the U.S in the global Cryogenic Vials and Tubes market. The increasing demand for biomaterials such as proteins, nucleus acid, cells, and tissues for biopharmaceutical research will be expected to grow in the cryogenic vials and tubes market. North America has a growing demand for Cryogenic Vials and Tubes in market research and development. Additionally, the advancement in research and technologies of industrial developments is increasing the demand for Cryogenic Vials and Tubes in the North American region.

The Asia Pacific is expected to grow with a significant CAGR due to increasing developments in pharmaceuticals and biotechnical industries. The expansion of local and international companies is also increasing the growth of the cryogenic vials and tubes market in the Asia Pacific region. This region has become a valuable market for research and development. The Asia Pacific region of cryogenic vials and tubes market is profitable from biotechnological research activities as low costs are also expected to increase the growth of the cryogenic vials and tubes market in the Asia Pacific region.

What is the regulatory landscape for the Cryogenic Vials and Tubes Market?

The regulatory landscape for this market is that governments are exploring a supportive regulatory approach across regions. In the past few years, many governments have heavily invested in healthcare infrastructure in many countries, while developing countries are also spending more on healthcare developments. Therefore, these types of supportive initiatives by the government are expected to encourage the market players to expand themselves and develop new products that support the global cryogenic vials and tubes market during the forecast period.

What is the Market Size of the Cryogenic Vials and Tubes regarding value?

The global Cryogenic Vials and Tubes Market is anticipated to grow at a substantial CAGR of 3.60% in the upcoming years. The global Cryogenic Vials and Tubes industry was estimated to be worth USD 164.2 billion in 2021 and was expected to be worth USD 203.01 billion by 2028.

What are the major players planning for the future of the Cryogenic Vials and Tubes Market?

The cryogenic vials and tubes market invests heavily in research and developments on various materials, including polymers and recycling materials. Additionally, the future scenarios indicate that well-known market players would make major investments in startups and medium-sized businesses to provide effective solutions to the industry. There are high predictions that the major players will acquire or merge with the major companies or startups to gain a competitive edge. For instance, in September 2020, DWK Life Sciences completed the acquisition of Müller + Müller, a Germany-based pharmaceutical equipment manufacturer.

Segmentation of Global Cryogenic Vials and Tubes Market-

Global Cryogenic Vials and Tubes Market – By Capacity type

  • 5ml-1ml
  • 1ml-2ml
  • 2ml-5ml

Global Cryogenic Vials and Tubes Market – By Product type

  • Self-Standing
  • Round bottom

Global Cryogenic Vials and Tubes Market – By Material type

  • Polypropylene
  • Polyethylene

Global Cryogenic Vials and Tubes Market – By End-use

  • Research Organization
  • Drug Manufactures
  • Healthcare Institutions
  • Others

Global Cryogenic Vials and Tubes Market – By Closure type

  • External thread
  • Internal thread

Global Cryogenic Vials and Tubes Market – By Region

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently Asked Questions (FAQs):

Unlike other industries, COVID 19 also taken a toll on Cryogenic Vials market with around 2% increase in its revenue growth rate in 2020 as compare to 2019

North America is the largest regional market with highest share in the total revenue generation of Cryogenic Vials consumed in 2021

Strong demand for cryopreservation application from research institutes and healthcare institutes around the world

Research Organization segment dominated the Cryogenic Vials market in 2021 with over 45% share

Self-Standing was the largest segment of Cryogenic Vials by mounting in 2021 with over 55% share

Cryogenic Vials and Tube Market Scope

Report Attribute Details
Market Value in 2021 USD 164.2 billion
Market Value in 2028 USD 203.01 billion by 2028
CAGR 3.60%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Pharmaceuticals
Report ID:   60520
Report Format:   PDF
Pages:   132
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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