Cryogenic Vials Market Analysis 2023-2027: 36% of Market Growth will Develop from North America

The cryogenic vials market share is forecast to reach USD 66.16 million, after growing at a CAGR of 5.38% during 2023-2027. The increasing adoption of cryopreservation procedures is analyzed to boost the addictions therapeutics market growth. Moreover, growing adoption of barcoded cryogenic vials is the major trend enhancing the overall market demand for cryogenic vials during the forecast period.   

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Technavio’s report on: “Cryogenic Vials Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027" covers an in-depth analysis of the following segments of the cryogenic vials market. 

Type: 

• Internally threaded cryogenic vials: The cryogenic vials market growth by the internally threaded cryogenic vials segment will be significant during the forecast period.  Factors such as changing lifestyles and a growing preference for comfort are driving the cryogenic vials market growth. 

• Externally threaded cryogenic vials 

Geography: 

• North America: 36% of market growth will originate from North America. Factors such as 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. 

• Europe 

• Asia 

• Rest of World (ROW) 

End-user: 

• Research organization 

• Drug manufacturers 

• Healthcare institutions

• Others 

Key Takeaways: 

• The cryogenic vials market size will witness a YOY Growth Rate of 4.83% in 2023.  

• The cross-contamination issues related to poor manufacturing will be a major challenge for the cryogenic vials market during the forecast period. 

• Major key cryogenic vials market players include: 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.  

• The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as the North America, Europe, Asia, and Rest of World (ROW).

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth. 

Key data covered in the Cryogenic Vials Market report 

• Precise market size estimation during the forecast period 2023-2027.  

• CAGR of the cryogenic vials market forecast during 2023-2027.  

• Market-level data on units, average selling prices, and values of the cryogenic vials market share.  

• Prediction of the upcoming trends, drivers, and factors that challenge the growth of the cryogenic vials market.  

• Cryogenic vials industry growth across North America, Europe, Asia, and Rest of World (ROW).