Overview and Scope
A cryostat is a medical equipment that keeps tissue sections at a constant low temperature and slices them into thin slices for microscopic examination, allowing for the diagnosis of numerous diseases and ailments. It is used to preserve the frozen tissue samples.
Sizing and Forecast
The cryostat market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of biomedical research, rise of cryo-electron microscopy (cryo-em), biobanking and biorepository development, cancer research and diagnostics, drug discovery and development, tissue engineering advancements, increase in cryonics services..
The cryostat market size is expected to see strong growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to expanding role in drug manufacturing, growing importance of genomic research, global expansion of biobanking activities, quality control in pharmaceuticals, shift towards point-of-care diagnostics, advancements in cryogenic storage systems.. Major trends in the forecast period include advancements in cryogenic technologies, technological innovations in imaging, integration with artificial intelligence, collaborations for research and development, applications in nanotechnology..
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Segmentation & Regional Insights
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
North America was the largest region in the cryostat market in 2023. 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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Major Driver Impacting Market Growth
Major companies operating in the cryostat market report are 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 .
Key Industry Players
Major companies operating in the cryostat market are focusing on product developments, such as cryogen-free system, to sustain their position in the market. A cryogen-free system is a device that achieves cryogenic temperatures without the use of liquid cryogens such as liquid nitrogen or liquid helium. For instance, in September 2021, Montana Instruments Corporation, a US-based provider of high-precision, fully automated optical and cryostat products, launched CryoAdvance. CryoAdvance is a low-vibration, cryogen-free system that allows users to access cryogenic temperatures in a 50mm (3.2K–350K) or 100mm (3.4K–350K) sample chamber. A step up from the more entry-level CryoCore, CryoAdvance achieves lower temperatures and vibrations, as well as allows for increased customization.
The cryostat market report table of contents includes:
1. Executive Summary
2. Cryostat Market Characteristics
3. Cryostat Market Trends And Strategies
4. Cryostat Market – Macro Economic Scenario
5. Global Cryostat Market Size and Growth
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31. Global Cryostat Market Competitive Benchmarking
32. Global Cryostat Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cryostat Market
34. Cryostat Market Future Outlook and Potential Analysis
35. Appendix
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