Cryogenic Capsules Market Share

Global Cryogenic Capsules Market Overview

Cryogenic Capsules Market Size was valued at USD 6.8 Billion in 2022. The Cryogenic Capsules market Material is projected to grow from USD 7.2 Billion in 2023 to USD 11.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2024 - 2032). Increased industrialization and rising rates of communicable diseases, cancer, and other chronic ailments, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cryogenic Capsules Market Trends

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  Pharmaceutical industry's ongoing development and expansion is driving the market growth

  
  

Since they lose their chemical properties at room temperature, animal tissues, proteins, and cell samples that are sensitive to high temperatures are maintained in freezers. The market for cryogenic vials is anticipated to develop as a result of this factor. The continued growth and expansion of the pharmaceutical business globally is anticipated to increase demand for the product. The market is expanding as a result of the rising incidence of chronic disorders like diabetes, cancer, and communicable diseases. The demand for cryo capsules will rise during the predicted period as a result of the apparent increase in the older population around the world and rising industrialization.

The biological samples are kept at extremely low temperatures for cryopreservation. This method is frequently used in medical applications, cryosurgery, cell and organ preservation, molecular biology, and biochemistry. The necessary stimulation for the product demand is being provided by the growing usage of hepatocytes, cardiomyocytes, and neuronal cells in neuroscience and cardiology research. Because they are thought to be the finest for maintaining ideal storage conditions and enabling the sufficient retrieval of biological components, cryogenic vials are essential for cryopreservation operations. Therefore, as cryopreservation techniques advance, so does the demand for cryocapsules. This will fuel market expansion during the ensuing time.

The increasing usage of laboratory information management systems (LIMS) and automation technology is driving the demand for supplies that are easy to track and record with little involvement from human labour. End users may simply maintain and preserve records and other important data thanks to the services provided by LIMS and other inventory management software. In addition, global market players are concentrating on enhancing their product offerings with cutting-edge tracking technologies like 1D and 2D barcoded cryogenic vials taking these factors into account. It is projected that this would accelerate market expansion even more.

The market for cryogenic capsules is expanding because of the potential of an increase in chronic or novel diseases due to increased industrialization and rapid population expansion. The polypropylene or polyethylene used in the creation of the capsules, which protect the object housed inside, are examples of properties that help the market flourish. Growth would be fueled by an increase in the requirement for cryopreservation of biomaterials, such as antibodies, nucleic acids, proteins, cells, and tissue samples in biopharmaceutical research over the course of the forecast. As a result of technological and scientific breakthroughs, the market for cryogenic vials has grown. Thus, driving the Cryogenic hibernation capsule market revenue.

Cryogenic Capsules Market Segment Insights

Cryogenic Capsules Material Insights

The Cryogenic Capsules Market segmentation, based on Material, includes polypropylene and polyethylene. Polypropylene segment dominated the global market in 2022. There are commercially available polypropylene cryovials in a variety of sizes intended for low temperature work. Aluminium packets, gelatin capsules, or polypropylene cryovials can all be used to store pollen that has been dehydrated to the right moisture content.

Cryogenic Capsules Capacity Insights

The Cryogenic Capsules Market segmentation, based on Capacity, includes 0.5ml to 1ml, 1ml to 2ml, and 2ml to 5ml. 1ml to 2ml segment dominated the Cryogenic hibernation capsule Market in 2022. This can be linked to an increase in the use of 1ml to 2ml cryogenic capsules in the healthcare research and development sector because they are effective at storing the small and medium amounts of test samples.

Cryogenic Capsules Cap Closure Type Insights

The Cryogenic Capsules Market segmentation, based on Cap Closure Type, includes inner cap (internal thread) and outer cap (external thread). Outer cap (external thread) segment dominated the global market in 2022. The increase in demand for outer cap cryogenic capsules is to blame for this. These capsules with cap closures do a better job of safeguarding the sample being preserved. The likelihood of leakage is reduced with an internal spill-proof gasket when using an outer cap or external thread.

Figure 1: Cryogenic Capsules Market, by Cap Closure Type, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cryogenic Capsules Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Cryogenic Capsules Market dominated this market in 2022 (45.80%). Developed economies like the United States are a major driver of revenue growth in this region. An increasing level of industrialization is the main factor causing the constant rise. key market participants like Heathrow Scientific, E&K Scientific Products, Thermo Fisher Scientific Inc., and many others are there. Further, the U.S. Cryogenic Capsules market held the largest market share, and the Canada Cryogenic Capsules market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CRYOGENIC CAPSULES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Cryogenic Capsules market accounted for the healthy market share in 2022. This is because in the summer of 2020, inquiries from women about egg freezing at reproductive clinics in the UK increased by as much as 50%. Cryopreservation equipment market expansion was therefore positively impacted by the adoption of freezing procedures for fertility preservation and the fast expanding technological improvements. Vendors can extend their consumer bases in developing European markets thanks to the new features and technology. The market for cryogenic capsules is likely to be driven by this aspect. Further, the German Cryogenic Capsules market held the largest market share, and the U.K Cryogenic Capsules market was the fastest growing market in the European region

The Asia Pacific Cryogenic Capsules market is expected to register significant growth from 2023 to 2032. The region's development is linked to the industries of biotechnology and pharmaceuticals growing quickly, as well as to the globalization of regional, national, and worldwide organizations. Moreover, China’s Cryogenic Capsules market held the largest market share, and the Indian Cryogenic Capsules market was the fastest growing market in the Asia-Pacific region.

Cryogenic Capsules Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the cryogenic chamber market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cryogenic Capsules Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Cryogenic Capsules Industry to benefit clients and increase the market sector. In recent years, the Cryogenic Capsules Industry has offered some of the most significant advantages to medicine. Major players in the Cryogenic Capsules industry, including Lab Depot, Globe Scientific, Heathrow Scientific, Sumitomo Bakelite, Starlab International GmbH, E and K Scientific Products, Caesa-Labs, Catalent, Cryolor, Thermo Fisher Scientific, Argos Technologies, Sigma-Aldrich Corporation, Capp ApS, and Corning, are attempting to increase market demand by investing in research and development operations.

Thermo Fisher Scientific Inc. (Thermo Fisher) delivers medical equipment, analytical instruments, reagents and consumables, software, and services to satisfy the demands of challenging analytical challenges in research, diagnostics, and clinical laboratories. It offers solutions for cellular biology, synthetic biology, and flow cytometry. Mass spectrometry, genetic sequencing, electron microscopy, protein, and molecular biology research equipment are just a few of the many products that the company sells. The company offers services to companies in the environmental, industrial quality, and process control sectors, as well as to academic and research institutes, governmental organizations, pharmaceutical and biotech companies, clinical diagnostic laboratories, and environmental companies. It provides its products and services through its direct sales force, online sales, and third-party distributors across the Americas, Asia-Pacific, and Europe. Thermo Fisher is based in Waltham, Massachusetts, in the United States.

For a variety of industries, including petrochemicals and refining, Saulsbury offers engineering, procurement, and construction services. Customers can use the company's services for electrical and instrumentation contracts since they offer project management techniques, shop fabrication, general construction, field services, insulation, and other associated services. The EPC contract for the design and building of two cryogenic processing facilities in the Midland Basin was given to Saulsbury in January 2022. The facilities are Saulsbury's 61st and 62nd cryogenic processing facility projects since 2006, representing almost 11 billion cubic feet per day (BCFD) of processing capacity, and its 23rd and 24th cryogenic processing facilities in the West Texas region. Each facility is designed with a base-rated capacity of 200 million standard cubic feet per day (MMSCFD).

Key Companies in the Cryogenic Capsules market include

• Lab Depot


• Globe Scientific


• Heathrow Scientific


• Sumitomo Bakelite


• Starlab International GmbH


• E and K Scientific Products


• Caesa-Labs


• Catalent


• Cryolor


• Thermo Fisher Scientific


• Argos Technologies


• Sigma-Aldrich Corporation


• Capp ApS


• Corning

October 2021 For the Cryogenic Double Wall Storage Tanks (DWST) and related facilities - Package 7 (Part-A) at HPCL Rajasthan Refinery Ltd in Rajasthan, India, Chemie-Tech was given an engineering, procurement, construction, and commissioning contract. The contract's scope includes project management, residual process design, detailed design and engineering, procurement, construction, pre-commissioning, and commissioning of an above-ground, vertical, flat-bottom double-wall storage tank (outer tank with RCC post-tension wall and inner tank 9% Ni Steel) with Packages like BOG Compressor, Ethylene Vaporisor, Propylene Heating, Glycol Makeup, and Cold-Blowdown system.

Cryogenic Capsules Market Segmentation

Cryogenic Capsules Material Outlook

• Polypropylene


• Polyethylene

Cryogenic Capsules Capacity Outlook

• 5ml to 1ml


• 1ml to 2ml


• 2ml to 5ml

Cryogenic Capsules Cap Closure Type Closure Outlook

• Inner Cap (Internal Thread)


• Outer Cap (External Thread)

Cryogenic Capsules Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America