The global sales of cryogenic vials and tubes are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.5 billion by 2031. Sales are projected to rise at a CAGR of 7.2% over the forecast period between 2021 and 2031. The revenue generated by cryogenic vials and Tubes in 2020 was USD 1.2 billion.
Major applications of cryogenic vials and tubes are in the bio banking and medical research areas, due to the growing demand for safe and reliable methods of storage. The rise in chronic diseases and the development of personalized medicines further drives high-quality cryogenic storage demands.
Prevalent trends in the market would include penetration of automation into the labs, thereby enhancing the efficiency of the cryogenic storage process, and growing impetus on sustainability, hence resulting in the development of eco-friendly vials and tubes.
Global Cryogenic Vials and Tubes Industry Assessment
Attributes | Key Insights |
---|---|
Historical Size, 2020 | USD 1.2 billion |
Estimated Size, 2021 | USD 1.3 billion |
Projected Size, 2031 | USD 2.5 billion |
Value-based CAGR (2021 to 2031) | 7.2% |
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Cryogenic vials and tubes are the types of pharmaceutical packaging containers which are used to store biological samples at extreme low temperature, which can be as low as -196° C. The biological samples are stored or preserved with the help of liquid nitrogen, which can stand extreme temperatures without compromising the samples.
Cryogenic vials and tubes are constructed from non-mutagenic plastic resins, non-cytotoxic plastics and therefore are pyrogen free. Majority of the cryogenic vials and tubes have screw-style closure which helps the vials and tubes to stand extreme temperature and air pressure. Cryogenic vials and tubes have either external or internal threads which helps to maintain the concentration of the sample.
Cryogenic tubes are also provided with the writing and marking area which can be used to identify the sample. Colour coding markers or caps on the cryogenic tubes are also used to identify the sample.
The automated processing and dispensing of the multiple vials in parallel instead of manual processing and dispensing is increasing the quality and consistency of the cryogenic vials and tubes and also avoids occupational injuries.
The alternative vial dispensing systems which makes the use of peristaltic pumps to fill the vials which reduces the shear damage and regulates viability before and after freezing.
Therefore, the automated cryovial processing equipment not only decreases the manual work but also increases the quality of the biological sample packing in the cryogenic vials.
Cryogenic vials and tubes are used to store the biological samples in the extreme lower temperature for the longer time. Centrifugal tubes cannot be used to store the sample for the longer time as they have the risk of breaking the vial or the tube.
Also, the cryogenic vials and tubes provide better stability to the biological sample especially RNA samples owing to the tight closure of the vial and stabilized storage of sample in the extreme low temperatures.
The tight closure of the vial or the tube restricts the evaporation of the biological sample from the container, which is mostly preferred over the centrifugal tubes. Unlike the centrifugal tubes, the cryogenic vials does not need to autoclave for the sterilization.
Cryogenic vials can be sterilized using the gamma radiations which are then packed in the tamper-proof and re-sealable safety-lock bags.
The manufacturing of the cryogenic vials and tubes is a very sensitive process and needs the extra sensitive handling while storing the biological sample. The improper filling of liquid nitrogen gas can lead to generate the pressure during thawing in the cryogenic vial which can then lead to change the biological properties of the sample or may destroy the sample.
Also, if the liquid phase storage is necessary, the cryogenic heat shrink tubing is required to encase the cryogenic vial.
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The following global key players such as
Key Asian players manufacturing cryogenic vials and tubes are
The manufacturers involved in the expansion of the production facilities owing to the increased demand for the cryogenic vials and tubes. Also, some key manufacturers in the market are focused on the acquisitions of the small market players operating in the cryogenic vials and tubes in order to increase their presence and to enhance product development.
The increasing rapid development of the healthcare facilities such as, hospitals and pharmaceutical companies in India is the factor bolstering the growth of the cryogenic vials and tubes market. Also, the presence of large number of small entrants and the key players involved in manufacturing of the cryogenic vials and tubes is a responsible factor soaring the growth of the cryogenic vials and tubes market.
Adding to, also the changing technologies and the innovations by emphasizing on research & development activities in India is acting as a boon towards the growth of the cryogenic vials and tubes market.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material Type 6.2. Product 6.3. Thread 6.4. Capacity 7. Global Market Analysis and Forecast, By Material Type 7.1. Glass 7.2. Plastic 8. Global Market Analysis and Forecast, By Product 8.1. Shaped bottom vials and tubes 8.2. Bracket bottom vials and tubes 8.3. Round bottom vials and tubes 9. Global Market Analysis and Forecast, By Thread 9.1. External vial thread 9.2. Internal vial thread 10. Global Market Analysis and Forecast, By Capacity 10.1. 0.2-0.5 ml 10.2. 0.5-1.0 ml 10.3. 1.0-5 ml 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Material Type, Product, Thread, and Capacity for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Celltreat Scientific Products 21.2. DWK LifeSciences Ltd. 21.3. Globe Scientific Inc. 21.4. Biosigma 21.5. Merck KGaA 21.6. Sterilab Services 21.7. Corning Incorporated 21.8. CAPP Denmark. 21.9. Narang Medical Limited 21.10. Plastic Labware India 21.11. Moxcare Products Inc. 21.12. Cole-Parmer Instrument Company 21.13. and LLC. Jindal Medical & Scientific Instruments Company (Pvt.) Ltd. 21.14. Hang Zhou Sunny Commodity Co.Ltd 21.15. Plastx Labs 21.16. Qingdao Sinoland International Trade Co.Ltd. 21.17. Sumitomo Bakelite Co.Ltd.
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