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Global Cryostat Market Size, Share, Trends, Report, Forecast: By Type: Closed Cycle Cryostats, Continuous Cycle Cryostats, Bath Cryostats, Multistage Cryostats; By Components: Dewars, Transfer Tubes, Gas Flow Pumps, Temperature Controllers, Others; By Cryostat; By Applications; Regional Analysis; Supplier Landscape; 2024-2032
Global Cryostat Market Outlook
The global cryostat market size was valued at USD 2.4 billion in 2023, driven by the rising number of research and development activities across the globe. The market is expected to grow at a CAGR of 5.6% during the forecast period of 2024-2032, with the values likely to rise from USD 2.5 billion in 2024 to USD 3.9 billion by 2032.
Global Cryostat Market Overview
Cryostat is a device that maintains low cryogenic temperatures (-150°C to -273°C) by using refrigeration methods. It uses liquid cryogens like Helium or Nitrogen to keep the devices or samples mounted within the system at low temperatures. A cryostat is an essential tool to preserve biological tissues and enable quick findings in research labs, histology, pathology, etc. Low temperatures in a cryogenic environment allow freezing and preservation of tissues, which can be sectioned using a microtome.
Rapid developments in advanced medical imaging techniques such as magnetic resonance imaging (MRI) and microscopic examination of tissue samples are propelling the cryostat market demand. MRI machines need Cryostats to hold a cryogen, mainly helium, in a liquid state with minimal evaporation. Around 30 million MRI scans are performed by medical professionals in the United States every year to detect, diagnose, and monitor various medical conditions such as brain tumors, stroke, dementia, and multiple sclerosis. Thus, the increased application of cryostats in diagnostic, biological, and industrial sectors is expected to drive market growth in the forecast period.
Intensive Research and Development Activities
Cryostat finds its utilization in various research and development initiatives including material science, medical research, and diagnostics. The increased adoption of cryostats in research activities is the key factor driving the expansion of the cryostats market share. In October 2023 , a project at the University of Maine, funded by the Natural Science Foundation employed a new cryostat machine to slice fish samples effectively and find potential treatments for several diseases by studying a family of genes found in fish. Using the new gene present in the fish cell membrane, the researchers plan to develop a deeper understanding of diseases including diabetes, schizophrenia, and autism spectrum disorder.
Novel Innovations Driving the Cryostat Market Growth
Major players in the cryostat device market are actively involved in the manufacturing of technologically advanced cryostat machines that not only show overall efficiency but also work on reduced power input. In April 2023, INOXCVA , a leading Indian cryogenic engineering company, announced the manufacturing of a 4K Helium cryostat with zero-boil-off for an MRI magnet system. Designed by a team of Indian scientists and engineers, the fabrication of this technology is anticipated to lower MRI costs and make the Indian healthcare system more affordable.
Global Cryostat Market Segmentation
Market Breakup by Type
- Closed Cycle Cryostats
- Continuous Cycle Cryostats
- Bath Cryostats
- Multistage Cryostats
Market Breakup by Components
- Dewars
- Transfer Tubes
- Gas Flow Pumps
- Temperature Controllers
- Microtomes Blades
- Other System Components
Market Breakup by Cryostat
- Nitrogen
- Helium
- Others
Market Breakup by Applications
- Healthcare and Medical
- Research and Development
- Semiconductor Manufacturing
- Aerospace and Defense
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Cryostat Market Regional Analysis
North America holds the largest share of the cryostat market owing to the technological advancements in cryostat equipment in the region. With its applications in a wide range of sectors such as aerospace, immunohistochemical experiments, and engineering, the cryostat market demand is growing notably. In May 2023, a team of researchers from the Ames National Laboratory in the United States developed an innovative scanning probe microscope with a custom cryogenic insert. The ultralow temperature terahertz microscope can take imaging data on materials exposed to extreme magnetic and cryogenic environments (below 4.2 Kelvins or -452 degrees Fahrenheit). The terahertz microscope is expected to foster a better understanding of topological and superconducting materials, enabling integration of the quantum technology as well.
The Asia Pacific region also holds a significant cryostat market share. The rising investments in the healthcare sector have strikingly fuelled the demand for cryogenic technologies. Moreover, the presence of several cryogenic tank suppliers in the region is bolstering the market growth. With the growing impetus of the government to improve healthcare facilities, developing economies such as India are expected to offer lucrative growth opportunities for the key cryostat market players in the coming years.
Global Cryostat Market: Competitor Landscape
One of the significant trends witnessed in the cryostat market is the increased funding and investments which are elevating the market value significantly. In December 2023 , Inox India Ltd., a manufacturer of cryogenic tanks secured INR 438 crore from anchor investors. Further, the leading supplier of cryogenic equipment plans to raise INR 1460 crore. The funds will help the company in the expansion of its offerings for cryogenic conditions and can reduce the dependency on import content substantially.
The key features of the cryostat market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Biosystems
- Cryomech Inc.
- Amos Scientific
- MEDITE
- Bright Instruments
- Dakewe Medical
- Jinhua YIDI Medical Appliance Co., Ltd.
- SLEE Medical GmbH
- Advanced Research Systems
- Lake Shore Cryotronics
- Epredia
- SM Scientific Instruments
- Medimeas
- Hacker Instruments & Industries
- Boeckeler Instruments Inc.
- Histo-line Laboratories
- Lupetec
- SciLab Co. Ltd.
- Cryofab, Inc.
- Precision Cryogenics
- AMETEK Scientific Instruments
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Components |
|
| Breakup by Cryostat |
|
| Breakup by Applications |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Cryostat Market Overview
3.1 Global Cryostat Market Historical Value (2017-2023)
3.2 Global Cryostat Market Forecast Value (2024-2032)
4 Global Cryostat Market Landscape
4.1 Global Cryostat Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Cryostat Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Cryostat Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.2.1 Strengths
5.2.2 Weaknesses
5.2.3 Opportunities
5.2.4 Threats
5.3 Porter’s Five Forces Model
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Rivalry
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Cryostat Market Segmentation (2017-2032)
6.1 Global Cryostat Market (2017-2032) by Type
6.1.1 Market Overview
6.1.2 Closed Cycle Cryostats
6.1.3 Continuous Cycle Cryostats
6.1.4 Bath Cryostats
6.1.5 Multistage Cryostats
6.2 Global Cryostat Market (2017-2032) by Components
6.2.1 Market Overview
6.2.2 Dewars
6.2.3 Transfer Tubes
6.2.4 Gas Flow Pumps
6.2.5 Temperature Controllers
6.2.6 Microtomes Blades
6.2.7 Other System Components
6.3 Global Cryostat Market (2017-2032) by Cryostat
6.3.1 Market Overview
6.3.2 Nitrogen
6.3.3 Helium
6.3.4 Others
6.4 Global Cryostat Market (2017-2032) by Applications
6.4.1 Market Overview
6.4.2 Healthcare and Medical
6.4.3 Research and Development
6.4.4 Semiconductor Manufacturing
6.4.5 Aerospace and Defense
6.4.6 Others
6.5 Global Cryostat Market (2017-2032) by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Cryostat Market (2017-2032)
7.1 North America Cryostat Market (2017-2032) by Type
7.1.1 Market Overview
7.1.2 Closed Cycle Cryostats
7.1.3 Continuous Cycle Cryostats
7.1.4 Bath Cryostats
7.1.5 Multistage Cryostats
7.2 North America Cryostat Market (2017-2032) by Components
7.2.1 Market Overview
7.2.2 Dewars
7.2.3 Transfer Tubes
7.2.4 Gas Flow Pumps
7.2.5 Temperature Controllers
7.2.6 Microtomes Blades
7.2.7 Other System Components
7.3 North America Cryostat Market (2017-2032) by Country
7.3.1 United States of America
7.3.2 Canada
8 Europe Cryostat Market (2017-2032)
8.1 Europe Cryostat Market (2017-2032) by Type
8.1.1 Market Overview
8.1.2 Closed Cycle Cryostats
8.1.3 Continuous Cycle Cryostats
8.1.4 Bath Cryostats
8.1.5 Multistage Cryostats
8.2 Europe Cryostat Market (2017-2032) by Components
8.2.1 Market Overview
8.2.2 Dewars
8.2.3 Transfer Tubes
8.2.4 Gas Flow Pumps
8.2.5 Temperature Controllers
8.2.6 Microtomes Blades
8.2.7 Other System Components
8.3 Europe Cryostat Market (2017-2032) by Country
8.3.1 United Kingdom
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Others
9 Asia Pacific Cryostat Market (2017-2032)
9.1 Asia Pacific Cryostat Market (2017-2032) by Type
9.1.1 Market Overview
9.1.2 Closed Cycle Cryostats
9.1.3 Continuous Cycle Cryostats
9.1.4 Bath Cryostats
9.1.5 Multistage Cryostats
9.2 Asia Pacific Cryostat Market (2017-2032) by Components
9.2.1 Market Overview
9.2.2 Dewars
9.2.3 Transfer Tubes
9.2.4 Gas Flow Pumps
9.2.5 Temperature Controllers
9.2.6 Microtomes Blades
9.2.7 Other System Components
9.3 Asia Pacific Cryostat Market (2017-2032) by Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 ASEAN
9.3.5 Australia
9.3.6 Others
10 Latin America Cryostat Market (2017-2032)
10.1 Latin America Cryostat Market (2017-2032) by Type
10.1.1 Market Overview
10.1.2 Closed Cycle Cryostats
10.1.3 Continuous Cycle Cryostats
10.1.4 Bath Cryostats
10.1.5 Multistage Cryostats
10.2 Latin America Cryostat Market (2017-2032) by Components
10.2.1 Market Overview
10.2.2 Dewars
10.2.3 Transfer Tubes
10.2.4 Gas Flow Pumps
10.2.5 Temperature Controllers
10.2.6 Microtomes Blades
10.2.7 Other System Components
10.3 Latin America Cryostat Market (2017-2032) by Country
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Mexico
10.3.4 Others
11 Middle East and Africa Cryostat Market (2017-2032)
11.1 Middle East and Africa Cryostat Market (2017-2032) by Type
11.1.1 Market Overview
11.1.2 Closed Cycle Cryostats
11.1.3 Continuous Cycle Cryostats
11.1.4 Bath Cryostats
11.1.5 Multistage Cryostats
11.2 Middle East and Africa Cryostat Market (2017-2032) by Components
11.2.1 Market Overview
11.2.2 Dewars
11.2.3 Transfer Tubes
11.2.4 Gas Flow Pumps
11.2.5 Temperature Controllers
11.2.6 Microtomes Blades
11.2.7 Other System Components
11.3 Middle East and Africa Cryostat Market (2017-2032) by Country
11.3.1 Saudi Arabia
11.3.2 United Arab Emirates
11.3.3 Nigeria
11.3.4 South Africa
11.3.5 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication Year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by Year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Funding Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Regulatory Framework
17.1 Regulatory Overview
17.1.1 US FDA
17.1.2 EU EMA
17.1.3 INDIA CDSCO
17.1.4 JAPAN PMDA
17.1.5 Others
18 Supplier Landscape
18.1 Biosystems
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisition
18.1.5 Certifications
18.2 Cryomech Inc.
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisition
18.2.5 Certifications
18.3 Amos Scientific
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisition
18.3.5 Certifications
18.4 MEDITE
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisition
18.4.5 Certifications
18.5 Bright Instruments
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisition
18.5.5 Certifications
18.6 Dakewe Medical
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisition
18.6.5 Certifications
18.7 Jinhua YIDI Medical Appliance Co., Ltd.
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisition
18.7.5 Certifications
18.8 SLEE Medical GmbH
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisition
18.8.5 Certifications
18.9 Advanced Research Systems
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisition
18.9.5 Certifications
18.10 Lake Shore Cryotronics
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisition
18.10.5 Certifications
18.11 Epredia
18.11.1 Financial Analysis
18.11.2 Product Portfolio
18.11.3 Demographic Reach and Achievements
18.11.4 Mergers and Acquisition
18.11.5 Certifications
18.12 SM Scientific Instruments
18.12.1 Financial Analysis
18.12.2 Product Portfolio
18.12.3 Demographic Reach and Achievements
18.12.4 Mergers and Acquisition
18.12.5 Certifications
18.13 Medimeas
18.13.1 Financial Analysis
18.13.2 Product Portfolio
18.13.3 Demographic Reach and Achievements
18.13.4 Mergers and Acquisition
18.13.5 Certifications
18.14 Hacker Instruments & Industries
18.14.1 Financial Analysis
18.14.2 Product Portfolio
18.14.3 Demographic Reach and Achievements
18.14.4 Mergers and Acquisition
18.14.5 Certifications
18.15 Boeckeler Instruments Inc.
18.15.1 Financial Analysis
18.15.2 Product Portfolio
18.15.3 Demographic Reach and Achievements
18.15.4 Mergers and Acquisition
18.15.5 Certifications
18.16 Histo-line Laboratories
18.16.1 Financial Analysis
18.16.2 Product Portfolio
18.16.3 Demographic Reach and Achievements
18.16.4 Mergers and Acquisition
18.16.5 Certifications
18.17 Lupetec
18.17.1 Financial Analysis
18.17.2 Product Portfolio
18.17.3 Demographic Reach and Achievements
18.17.4 Mergers and Acquisition
18.17.5 Certifications
18.18 SciLab Co. Ltd.
18.18.1 Financial Analysis
18.18.2 Product Portfolio
18.18.3 Demographic Reach and Achievements
18.18.4 Mergers and Acquisition
18.18.5 Certifications
18.19 Cryofab, Inc.
18.19.1 Financial Analysis
18.19.2 Product Portfolio
18.19.3 Demographic Reach and Achievements
18.19.4 Mergers and Acquisition
18.19.5 Certifications
18.20 Precision Cryogenics
18.20.1 Financial Analysis
18.20.2 Product Portfolio
18.20.3 Demographic Reach and Achievements
18.20.4 Mergers and Acquisition
18.20.5 Certifications
18.21 AMETEK Scientific Instruments
18.21.1 Financial Analysis
18.21.2 Product Portfolio
18.21.3 Demographic Reach and Achievements
18.21.4 Mergers and Acquisition
18.21.5 Certifications
List not exhaustive
19 Global Cryostat Market - Distribution Model (Additional Insight)
19.1 Overview
19.2 Potential Distributors
19.3 Key Parameters for Distribution Partner Assessment
20 Key Opinion Leaders (KOL) Insights (Additional Insight)
21 Company Competitiveness Analysis (Additional Insight)
21.1 Very Small Companies
21.2 Small Companies
21.3 Mid-Sized Companies
21.4 Large Companies
21.5 Very Large Companies
22 Payment Methods (Additional Insight)
22.1 Government Funded
22.2 Private Insurance
22.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
Key Questions Answered in the Report
The market attained a value of about USD 2.4 billion in 2023 driven by the rising number of research and development activities across the globe.
The market is anticipated to grow at a CAGR of 5.6% during the forecast period of 2024-2032, likely to reach a market value of USD 3.9 billion by 2032.
The rapid advancement in the healthcare sector to provide effective medical solutions, along with a surge in investments to conduct research activities are amongst key drivers for increased market demand.
The development of technologically advanced cryostats by the pioneering medical device companies is one of the major market trends. In April 2023, INOXCVA , a leading India-based cryogenic engineering company, announced the manufacturing of a 4K Helium cryostat with zero-boil-off for an MRI magnet system.
The market is divided into closed cycle cryostats, continuous cycle cryostats, bath cryostats, and multistage cryostats, based on the cryostat type.
The various components of a cryostat include dewars, transfer tubes, gas flow pumps, temperature controllers, and microtome blades, among other system components.
Based on the cryostat, the market is divided into nitrogen, and helium, among others.
Cryostats have various applications in healthcare and medical, research and development, semiconductor manufacturing, aerospace, and defense, sector among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Key players involved in the market are Biosystems, Cryomech Inc., Amos Scientific, MEDITE, Bright Instruments, Dakewe Medical, Jinhua YIDI Medical Appliance Co., Ltd., SLEE Medical GmbH, Advanced Research Systems, Lake Shore Cryotronics, Epredia, SM Scientific Instruments, Medimeas, Hacker Instruments & Industries, Boeckeler Instruments Inc., Histo-line Laboratories, Lupetec, SciLab Co. Ltd., Cryofab, Inc., Precision Cryogenics, and AMETEK Scientific Instruments.
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