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Driving Cryostat Market Growth in 2025: The Role of Rising Prevalence Of Neuromuscular Diseases Fuels Growth In Cryostat Market For Rapid Diagnosis And Treatment
Cryostat Market Size
Cryostat Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for cryostats has seen significant expansion. The market, which was valued at $2.56 billion in 2024, is slated to grow to $2.7 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.5%. The noted growth over the historic period is largely due to factors such as the broadening of biomedical research, the rise of cryo-electron microscopy (cryo-EM), development in biobanking and biorepository, advancements in cancer research and diagnostics, and the growth in drug discovery and development. Progress in tissue engineering and an increase in cryonics services also contributed to the market growth.
How Will the Cryostat Market Size Evolve and Grow by 2029?
Anticipated to witness robust expansion in the coming years, the cryostat market is predicted to reach a value of $3.66 billion in 2029, escalating at a compound annual growth rate (CAGR) of 7.9%. The predicted growth for this period can be linked to its increasing usage in drug manufacturing, the rising significance of genomic research, the worldwide escalation of biobanking activities, maintaining standards in pharmaceuticals, the switch to point-of-care diagnostics, and advancements in cryogenic storage systems. Factors trending in the forecast period encompass progress in cryogenic technologies, technological breakthroughs in imaging, assimilation with artificial intelligence, partnerships for research and development, and applications in nanotechnology.
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What Drivers Are Propelling the Growth of Cryostat Market Forward?
An upsurge in neuromuscular diseases is anticipated to fuel the growth of the cryostat market. Neuromuscular diseases encompass conditions related to injuries or dysfunctions of the peripheral nervous system, with progressive muscle weakness being a key issue. Cryostats are instrumental in facilitating the quick diagnosis of several medical conditions including neuromuscular diseases, hence the escalating incidence of these diseases contributes to higher demand for cryostats. For example, UK-based company Osteopaths For Industry Ltd recorded 477,000 cases of work-related musculoskeletal disorders from 2021 to 2022 in December of 2022. Furthermore, as per a report from the World Health Organization, a US-based intergovernmental organization in July 2022, approximately 1.71 billion individuals were suffering from musculoskeletal disorders. Consequently, the growing prevalence of neuromuscular diseases is stimulating the expansion of the cryostat market.
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Which Emerging Trends Are Transforming the Cryostat Market in 2025?
Leading corporations in the cryostat market are driving innovation through the development of superior goods like helium recovery solutions. These advancements aim to bolster sustainability, minimize running costs and amplify the effectiveness of cryogenic systems. Helium recovery solutions, constructed to seize, recycle, and reutilize the valuable and finite resource, helium, are commonly used for cryogenic applications like cryostats. For instance, in April 2024, Bluefors, a cryogenic measurement systems producer based in the UK, unveiled Cryomech HeRL02-RM. This is a unique helium recovery solution for individual Nuclear Magnetic Resonance (NMR) systems. The HeRL02-RM builds a self-contained system that secures evaporated helium from NMR magnets and redirects it via a vapor return line to a Pulse Tube Cryocooler-powered liquefier for immediate condensation and rerouting to the magnet's helium bath.
What Are the Key Segments in the Cryostat Market?
The cryostat market covered in this report is segmented -
1) By Type: Closed-Cycle Cryostats, Continuous-Flow Cryostats, Bath Cryostats, Multistage Cryostats
2) By System Component: Dewars, Transfer Tubes, Gas Flow Pumps, Temperature Controllers, High Vacuum Pumps, Microtone Bladed
3) By Cryogen: Helium, Nitrogen
4) By End-Use Industry: Healare, Energy And Power, Aerospace, Metallurgy, Biotechnology, Forensic Science, Marine Biology
Subsegments:
1) By Closed-Cycle Cryostats: Helium Closed-Cycle Cryostats, Nitrogen Closed-Cycle Cryostats
2) By Continuous-Flow Cryostats: Flowing Helium Cryostats, Flowing Nitrogen Cryostats
3) By Bath Cryostats: Liquid Helium Bath Cryostats, Liquid Nitrogen Bath Cryostats
4) By Multistage Cryostats: Two-Stage Cryostats, Three-Stage Cryostats
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Who Are the Key Players Shaping the Cryostat Market's Competitive Landscape?
Major companies operating in the cryostat market include Lake Shore Cryotronics Inc, Cryomech Inc, Epredia, Hacker Instruments & Industries Inc, Histo-Line Laboratories Srl, Jinhua YIDI Medical Appliance Co Ltd, SLEE Medical GmbH, Leica Biosystems, Lupetec Technologies, MEDITE Medical GmbH, Boeckeler Instruments Inc, Bright Instruments Ltd, Precision Cryogenics Systems Inc, Atico Medical Pvt Ltd, Biobase Biodusty Co Ltd, Cryofab Inc., Amos Scientific, Thermo Fisher Scientific Inc., Oxford Instruments, Star Cryoelectronics, Infrared laboratories, Attocube Systems, Montana Instruments, Quantum Design, ICE Oxford, Cryogenic Limited, Bluefors, Cryoquip, CryoMAgnetics, Vacree Technologies
What Geographic Markets Are Powering Growth in the Cryostat Market?
North America was the largest region in the cryostat market in 2024. Asia-Pacific is expected to be the fastest-growing region in the cryostat market during the forecast period. The regions covered in the cryostat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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