Lucintel Forecasts Cryogenic Vial Market to Reach $XX Billion by 2028

According to the recent study the cryogenic vial market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increasing acceptance of cryopreservation treatments amongst the population, increased growth and expansion of pharmaceutical enterprises around the world, and growing demand for storage of temperature sensitive samples.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in cryogenic vial market by product (self-standing and round bottom), closure type (internally threaded cryogenic vial and externally threaded cryogenic vials), capacity (0.5ml to 1ml, 1ml to 2ml, and 2ml to 5ml), application (research organization, drug manufacturing, healthcare institution, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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https://www.lucintel.com/cryogenic-vial-market.aspx

“Internally threaded cryogenic vial market is expected to remain the largest segment during the forecast period.”

Based on closure type, the cryogenic vial market is segmented into internally threaded cryogenic vial and externally threaded cryogenic vials. Lucintel forecasts that the Internally threaded cryogenic vial market is expected to remain the largest segment due to because it is preferred by end-users as they are easier to handle during cryopreservation, its sales are higher than external threaded cryogenic vial sales and worldwide the cryogenic vial market has been benefited from the easy availability of internally threaded cryogenic vial with a variety of choices and possibilities.

“Within the cryogenic vial market, the healthcare institution segment is expected to remain the largest application.”

Based on application the healthcare institution segment is expected to witness the highest growth over the forecast period due to rapid surge in chronic diseases such as diabetes, communicable diseases, and cancer, rising patient pool, and well-equipped hospital facilities. Also, the  barcoding of cryogenic vial helps in incorporation of date for future reference and easy identification, which contributes in its growing demand in the healthcare institutions.

“Asia pacific will dominate the cryogenic vial market in near future.”

APAC will witness highest growth due to rapid growth of the pharmaceutical & biotechnological sectors, global expansion of local & international companies, increased need for cells and biobanks, and strong proliferation of healthcare infrastructure.

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Major players of cryogenic vial market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Thermo Fisher Scientific, Corning Incorporated, Sigma-Aldrich, VWR International, BioCision, Sumitomo Bakelite, Starlab International GmbH, Incell Technologies, Argos Technologies, and E&K Scientific Products are among the major cryogenic vial providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cryogenic-vial-market.aspx  or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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