Press release
Cryostat Market: Major Trends Reshaping the Future of the Industry
Cryostat Market
What Will the Cryostat Industry Market Size Be by 2025?
There has been consistent growth in the cryostat market size in the past few years. The market is predicted to expand from $2.56 billion in 2024 to $2.68 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.7%. The growth previously recorded can be tied to developments in fields such as biomedical research, cryo-electron microscopy (cryo-EM), biobanking and biorepository development, cancer research and diagnostics, drug discovery and development, tissue engineering advancements, and the rise in cryonics services.
What's the Long-Term Growth Forecast for the Cryostat Market Size Through 2029?
In the coming years, a robust expansion is anticipated in the cryostat market, which is poised to surge to a staggering $3.61 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.7%. This optimistic forecast period growth prediction is tied to multitude factors such as the enhanced focus on drug manufacturing, increased relevance of genomic study, massive global increase in biobanking operations, the emphasis on quality control in the pharmaceutical sector, shift towards diagnostics at point-of-care, and improvement in cryogenic storage systems. In addition, the forecast period is expected to witness major trends like the advancement of cryogenic technology, revolutionary developments in imaging, incorporation of artificial intelligence, collaboration in research and development, and the application of nanotechnology.
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What Are the Key Growth Drivers Fueling the Cryostat Market Expansion?
The escalating occurrence of neuromuscular diseases is anticipated to fuel the growth of the cryostat market. Such diseases encompass conditions associated with injuries or malfunction of the peripheral nervous system. A prominent issue faced with these disorders is the progressive weakening of muscles. Cryostats are utilized to deliver a speedy diagnosis for a variety of medical conditions, including neuromuscular diseases, thus an increase in these diseases escalates the demand for the cryostat market. For example, in December 2022, Osteopaths For Industry Ltd., a UK-based entity providing musculoskeletal injury prevention training and consultancy services, reported 477,000 cases of work-related musculoskeletal disorders for the year 2021-2022. Moreover, in July 2022, the World Health Organization, a US-based intergovernmental organization, announced that approximately 1.71 billion individuals were suffering from musculoskeletal disorders. Consequently, the surging prevalence of neuromuscular diseases is propelling the expansion of the cryostat market.
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Which Emerging Trends Are Transforming the Cryostat Market in 2025?
Leading firms in the cryostat market are developing cutting-edge products like helium recovery solutions to enhance sustainability and efficiency, and decrease operational expenses. These systems are engineered to trap, recycle, and repurpose helium, a critical and finite resource often used in cryogenic purposes such as cryostats. For example, Bluefors, a firm based in the UK that manufactures cryogenic measurement systems, launched a specialized helium recovery solution called the Cryomech HeRL02-RM in April 2024. Primarily intended for single Nuclear Magnetic Resonance (NMR) systems, the HeRL02-RM forms a closed-circuit system that recaptures evaporated helium from NMR magnets. The captured helium is rerouted through a vapor return line to a liquefier that's powered by a Pulse Tube Cryocooler, where it is instantaneously liquified and returned to the helium bath of the magnet.
How Is the Cryostat Market Segmented?
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: Healthcare, 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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Which Companies Are Leading the Charge in Cryostat Market Innovation?
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
Which Regions Are Leading the Global Cryostat Market in Revenue?
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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