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Cryogenic Vials Cap Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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A vial is a small cylindrical glass container which is used to hold liquid medicines. Cryogenic vials are designed to store and to transport biological material or samples such as human or animal cell, serum and antibody, at temperatures as low as -196°C, with the help of cap. Sterile cryogenic vials are developed to store biological material at extreme temperature. Cryogenic vials are manufactured from polypropylene and sterilized by gamma radiation. The cryogenic vials caps are manufactured from medical polyethylene (PE) and are co-molded with a layer of thermoplastic elastomer (TPE), which provides the leak-proof benefits of an o-ring to minimize the risk of contamination. Cryogenic vials caps (contains silicone packing inside for air tightness) come either in wide range of colors (generally red, blue, pink, white, green and yellow coded) or in natural color with cap inserts, which provides quick individual identification of cryogenic vials to simplify inventory maintenance. Cryogenic vials are sterile, non-cytotoxic and non-pyrogenic. Cryogenic vials come in a various range of volumes, usually from 1 to 5 ml, with suitable graduation marks and labeling areas for easy testing. A barcode is used for automated data collection, sample identity, and accurate sample inventory purpose. The global cryogenic vials cap market is expected to register significant CAGR during the forecast period.

Global Cryogenic Vials Cap Market: Drivers and Restraints

The increase in growth of pharmaceuticals industries across the globe, is a key factor, which is majorly driving the demand for cryogenic vials cap.  Moreover, the increasing prevalence of chronic diseases such as diabetes, cancer, and communicable diseases is expected to drive the growth of the global cryogenic vials cap market. Also, rise in aging population worldwide, and a rapid pace of industrialization are also expected to fuel the demand for global cryogenic vials cap market over the forecast period

However, high cost associated with cryogenic vials is a primary concern, which is hindering the growth of the global cryogenic vial cap market throughout the next decade.

Global Cryogenic Vials Cap Market: Segmentation

The global cryogenic vials cap market is segmented on the basis of cap type, bottom type, and end-use industry.

On the basis of cap type, the global cryogenic vials cap market is segmented into:

  • Outer Cap (External Threaded)
  • Inner Cap (Internal Threaded)

On the basis of bottom type, the global cryogenic vials cap market is segmented into:

  • Round (Elliptical) Bottom
  • Flat Bottom

On the basis of end use industry, the global cryogenic vials cap market is segmented into:

  • Medical Research Institution/Laboratory
  • Pharmaceutical
  • Biotechnology

Global Cryogenic Vials Cap Market: Regional Outlook

Based on the geographies, the global cryogenic vials cap market is segmented into five key regions, namely North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to account for the maximum revenue share among all the regions, this is due to the economic manufacturing conditions and favorable trade conditions. Asia Pacific is expected to remain the promising regional market during the forecast period, this is due to rapid pace of industrialization. Owing to the presence of major market player namely, Starlab International GmbH, the Europe cryogenic vials cap market is expected to register decent CAGR during the forecast period. On the other hand, Latin America and MEA are anticipated to exhibit modest growth rate for cryogenic vials cap market over the forecast period.

Global Cryogenic Vials Cap Market: Key Players

Some of the major players identified in the global cryogenic vials cap market are

  • Sumitomo Bakelite Co., Ltd.
  • Simport Scientific
  • Globe Scientific Inc.
  • Starlab International GmbH
  • Heathrow Scientific
  • VWR
  • Thermo Fisher Scientific Inc.
  • Lab Depot Inc.
  • Caesa-Labs Inc.
  • BioCision
  • Wheaton
  • E&K Scientific Products, Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on: 

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Argentina, Brazil, rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
  • Middle East and Africa (GCC, S. Africa, Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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