Lucintel's latest market report analyzed that cryogenic vial provides attractive opportunities in the research organization, drug manufacturing, and healthcare institution applications. The cryogenic vial market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, Internally threaded cryogenic vial is the largest segment by closure type, whereas healthcare institution is largest by application.

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Based on closure type, the cryogenic vial market is segmented into internally threaded cryogenic vial and externally threaded cryogenic vials. The Internally threaded cryogenic vial segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.

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The Cryogenic Vial Market is marked by the presence of several big and small players. Some of the prominent players offering cryogenic vial include Thermo Fisher Scientific, Corning Incorporated, Sigma-Aldrich, VWR International, BioCision, Sumitomo Bakelite, Starlab International GmbH, Incell Technologies, Argos Technologies, and E&K Scientific Products.

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