Cryogenic Vials Market - Substantial R&D Funding on New Drugs to Bolster Demand

Several prominent manufacturers and suppliers of cryogenic vials are harping on design innovations and combining unique materials to this end. They are also launching products with advanced functionalities that are also stable across a wide range of temperatures, in order to gain a competitive edge over other players.

The global cryogenic vials market stood at US$131.8 mn in 2016 and is projected to rise at a CAGR of 3.9% from 2017 to 2027. Rising at this pace, the market is estimated to touch a valuation of US$199.3 mn by the end of the forecast timeline.

Download PDF Brochure For Future Advancements@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33014

Broadly, the two types of products used in cryogenic vials are self-standing and round-bottom vials. Of these, self-standing cryogenic vials held the major share in the market in 2016. This can be attributed to their extensive uptake since they don’t need extra storage space.

Obtain Report Details@ https://www.transparencymarketresearch.com/cryogenic-vials-market.html

The growing demand for long-term preservation of various biological materials, including human and animal cells and serum, is a key factor stoking the demand for cryogenic vials for ultralow temperature storage. The rising quantum of investment on research activities for developing new drugs by governments in various developing and developed economies is a key factor driving the market. The intensifying need for long-term storage of diverse biological materials helps the commercial production of bio-chemicals.

Download and View Report TOC, Figures and Tables@ https://www.transparencymarketresearch.com/report-toc/33014

The rising popularity of commercially available cryogenic vials for the preservation of proteins and animal tissues is boosting the market. The substantial and sustained focus on the on the discovery of new antibiotic drugs in numerous developing and developed countries is a key factor bolstering the demand for cryogenic vials for cryopreservation.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact Us

State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.