Home / Pharmaceuticals / Cryogenic Vials market by Closure Type (Internally threaded cryogenic vials, Externally threaded cryogenic vials) by Type (Self-Standing, Round Bottom) by Material (Polystyrene (PS), Polyethylene (PE)) by End-user (Research Organization, Pharma & Biotech Companies, Healthcare Institutions, Others) - Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Cryogenic Vials market by Closure Type (Internally threaded cryogenic vials, Externally threaded cryogenic vials) by Type (Self-Standing, Round Bottom) by Material (Polystyrene (PS), Polyethylene (PE)) by End-user (Research Organization, Pharma & Biotech Companies, Healthcare Institutions, Others) - Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Published Date: Mar 2022
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Report ID: 60520
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Report Format: PDF
Pharmaceuticals
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Pages: 132
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Rating: 4.6 (43)

Cryogenic Vials Market Analysis

Cryopreservation is a process wherein human or animal cells, tissues, or organs can be preserved at ultra-low temperatures. In such storage process a special vial are used which is called cryogenic vials. Cryogenic vials can store the sample specimen at low temperature for longer span of time. Cryogenic vials are designed and developed so that they can withstand and keep the sample safe at low temperatures as low as -180o. Cryogenic vials are generally made up of polystyrene and polyethylene which are non-cytotoxic, non-mutagenic and pyrogen free resins.

cryogenic-vials-market

Global Cryogenic Vials market is expected to witness CAGR of 3.75% during the forecast period. The revenue generated by the global Cryogenic Vials market in 2021 was over USD 163.81 million and expected to generate revenue worth USD 211.25 million in 2028. The incremental growth opportunity offered by the global Cryogenic Vials is estimated to be USD 1.32 billion between 2022 and 2028.     

Interesting Facts about Cryogenic Vials Industry

  • Cryogenic Vials too have expiry period of five years
  • Sperm cryopreservation increased to over 6 per 100,000 persons by 2020
  • Ice crystal formation inside a vial is major demerit if cryogenic vials
  • Longest possible cryopreservation period for human or mammalian cells is around eight years
  • Polystyrene and polypropylene are major materials used in the manufacturing of cryogenic vials

Growing Demand for Cryopreservation

Cryopreservation is growing in demand owing to increasing trend of sperm donation, storage and IVF. Stem Cells, Oocytes and Embryos, Sperm, Semen, and Testicular Tissue and Hepatocytes are major application areas for the cryopreservation. Global cryopreservation market is growing at a rapid pace and has reached over USD 5 billion in terms of market valuation in 2021. Further, it is likely to grow at a CAGR of over 15% during the forecast period. According to a research sperm preservation and storage is rising at a rapid pace. By the end of 2021, sperm preservation rates in North America and Europe has been reached to over 6 per 100,000 persons. This in turn expected to fuel the demand for cryogenic vials. 

Internally Threaded Cryogenic Vials to Grow at a Rapid Pace

Internally threaded cryogenic vials and externally threaded cryogenic vials are two major types of cryogenic vials. Internally threaded cryogenic vials are expected to rise in demand at a rapid pace as compare to its counterpart. However, externally threaded cryogenic vials also held the significant market share of over 40% in 2021 and likely to keep its share over the forecast period.

Self-Standing Dominate the Demand

Self-Standing and Round Bottom are major types of cryogenic vials. Self-Standing cryogenic vials are increasingly being adopted owing to convenience in handling them. Self-Standing cryogenic vials does not require separate arrangement to store and hence require less space as compare to round bottom cryogenic vials. This in turn driving the demand for Self-Standing cryogenic vials.

Ever Increasing Investment in Research & Development

Increasing government support and rising investment from private companies in research & development is fueling the demand for cryogenic vials. Rising incidence rate of biological specimen preservation for research & development is major factor impacting the demand for cryogenic vials positively. Polystyrene (PS) and Polyethylene (PE) are two major resins are used in manufacturing cryogenic vials. Polyethylene dominate the demand with over 55% share in 2021.

Research Organization to Govern the Growth of Cryogenic Vials

Research Organization, Pharma & Biotech Companies and Healthcare Institutions are major end-users of cryogenic vials. Research organizations dominate the demand for cryogenic vials with over 45% share in 2021. Large number of research and healthcare institutes in the North America are primarily driving the demand for cryogenic vials. Secondly, high level of awareness among the people regarding safeguarding their sperm, semen and eggs is key factor triggering the demand. Europe is second leading market for cryogenic vials. Germany dominate the demand in Europe followed by UK and France. While, Japan, South Korea, China and India are expected to drive the demand for cryogenic vials in the years to come. 

Abdos Labtech Private Limited, Argos Technologies, Argos Technologies, Inc, Azer Scientific, Inc., BioCision, LLC, BIOLOGIX GROUP LTD, Brooks Automation, Inc., Capp ApS, CELLTREAT Scientific Products, Corning Incorporated, DWK Life Sciences GmbH, E&K Scientific Products, Inc., Evergreen Scientific, EZ Bio Research LLC., Incell Technologies, SARSTEDT AG & Co. KG, Sigma-Aldrich Corporation, Starlab International GmbH, StemCell Technologies Inc., Sumitomo Bakelite Co., Ltd., Thermo Fisher Scientific, Inc., VWR International LLC and Ziath Ltd are key players operating in the global cryogenic vials market.

Frequently asked questions about global Cryogenic Vials industry

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 Report Scope

Report Attribute Details
Market Value in 2021 USD 163.81 million
Market Value in 2028 USD 211.25 million
CAGR 4.29% between 2022 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Closure Type

Internally threaded cryogenic vials

Externally threaded cryogenic vials

Type

Self-Standing

Round Bottom

Bottom-Mounted agitators

Material

Polystyrene (PS)

Polyethylene (PE)

Application

Research Organization

Pharma & Biotech Companies

Healthcare Institutions

Major Players Analysed Abdos Labtech Private Limited, Argos Technologies, Argos Technologies, Inc, Azer Scientific, Inc., BioCision, LLC, BIOLOGIX GROUP LTD, Brooks Automation, Inc., Capp ApS, CELLTREAT Scientific Products, Corning Incorporated, DWK Life Sciences GmbH, E&K Scientific Products, Inc., Evergreen Scientific, EZ Bio Research LLC., Incell Technologies, SARSTEDT AG & Co. KG, Sigma-Aldrich Corporation, Starlab International GmbH, StemCell Technologies Inc., Sumitomo Bakelite Co., Ltd., Thermo Fisher Scientific, Inc., VWR International LLC and Ziath Ltd
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