The cryostat market is projected to reach USD 2.8 billion by 2027 from USD 2.2 billion in 2022; it is expected to grow at a CAGR of 4.9% from 2022 to 2027.
A cryostat is a chamber that can maintain low temperatures. Medical laboratories and research centers use cryostats to preserve frozen tissue samples. The report covers the demand and supply sides of the cryostat market. The supply-side market segmentation is based on types, cryogens, and system components. The demand-side market segmentation is based on applications and regions. Cryostats have applications in various applications, such as healthcare, energy & power, aerospace, metallurgy, biotechnology, and forensic science. The growth in this market can be attributed to the developments in various medical applications, such as Magnetic Resonance Imaging (MRI) and tissue sampling. In addition, increasing applications of cryogenics in energy & power and aerospace applications are expected to boost the market growth. The major application areas for cryogenics in the energy and power sector include the exploration, production, and transportation of Liquefied Natural Gas (LNG). When natural gas is cooled to -259 degrees Fahrenheit (-161 degrees Celsius) by the liquefaction process, it becomes a clear, colorless, and odorless liquid. Cryostats are used to keep this liquefied gas in its liquid state at a very low temperature. The temperature within the tank remains constant if the pressure is kept constant by enabling the boil-off gas to escape from the tank. The market for natural gas imports in the Asia Pacific has grown from around 17 billion cubic meters in 1990 to 560 billion cubic meters in 2010. According to International Energy Agency (IEA), the power sector consumes around 44%, while the residential sector consumes 18% of the available natural gas. The major consumers of natural gas in the Asia Pacific are China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Pakistan, Bangladesh, and Australia. Pipeline trade is mainly driven by increased imports from Central Asia and Myanmar to China and India. The wide usage of cryostats in the exploration, production, and transportation of natural gas is expected to create growth opportunities for the said market.
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The prominent players operating in the cryostat market are Leica Biosystems (Germany), Cryomech Inc. (US), Amos Scientific (Australia), MEDITE (Germany), Bright Instruments (UK), Dakewe Medical (China), Jinhua YIDI Medical Appliance Co., Ltd. (China), SLEE Medical GmbH (Germany), Advanced Research Systems (US), Lake Shore Cryotronics (US), Epredia (US), SM Scientific Instruments (India), Medimeas (India), Hacker Instruments & Industries (US), Boeckeler Instruments Inc. (US), Histo-line Laboratories (Italy), Lupetec (Brazil), SciLab Co. Ltd. (France), Cryofab, Inc. (US), Precision Cryogenics (US), attocube systems AG (Germany), AMETEK Scientific Instruments (US), Mirion Technologies (Georgia), BIOBASE (Germany), and Sipcon Instrument Industries (India).Top 2 Players in cryostat market:
LEICA BIOSYSTEMS (GERMANY):
Leica Biosystems is a pioneer in workflow solutions and a leader in cancer diagnostics. The company has an extensive portfolio, spanning histology solutions, histology consumables, IHC & ISH, digital pathology, research, and tracking and workflow. The histology solutions provide products related to tissue processors, tissue embedding centers, clinical microtomes, cryostats, slide strainers & cover slippers, and specimen identification. Frozen-section media, collection devices for cytology, microbiology tools, equipment for autopsy & dissection, glass slides, coverslips, wax, and bulk reagents are provided under the histology consumables. IHC Primary antibodies, detection systems, molecular solutions, ancillaries & consumables, companion diagnostics, and OEM Reagent Partnerships are the services and solutions offered in the IHC & ISH segment. The digital pathology segment offers slide scanners & solutions, management & integration software, image analysis, and aperio clinical solution. The research segment deals with research microtomes and vibratomes. The company provides CEREBRO under the tracking and workflow segment. CEREBRO is a comprehensive tracking and workflow management system created especially to meet each person's needs for patient safety, productivity, and flexibility.
The cryostats are provided in the histology solutions product segment. The company operates in more than 15 countries worldwide in the regions of America, Europe, and the Asia Pacific.
ATTOCUBE SYSTEMS AG (GERMANY):
The company was founded in 2001 as a spin-off from the CeNS (Center for NanoScience) at Munich’s Ludwig-Maximilian University. Prof. Dr. Khaled Karraï and his PhD student Dirk Haft - two visionaries with exceptional entrepreneurial spirit and courage - developed a nanopositioning device that could function under extreme conditions such as cryogenic temperatures, ultra-high vacuum and magnetic fields. attocube systems AG offers nanotechnology solutions in industry and research. The company develops, produces and distributes components and systems for nanoscale applications such as precision motion, cryogenic microscopy, and nanoscale analytics. All products are manufactured in the NanoFactory, the company’s headquarters in Haar, close to Munich. An international team of 150 physicists, engineers, software developers, and product designers work in close collaboration from conception through to delivery. attocube has sales offices in the US and a broad network of worldwide distributors, covering more than 40 countries and 4,000 customers.
Cryostat Market by Type (Closed-Cycle, Continuous-Flow, Bath, Multistage), System Component (Dewars, Transfer Tubes, Gas Flow Pumps, Temperature Controllers, High Vacuum Pumps, Microtome Blades), Cryogen, Application & Region - Global Forecast to 2027
Mr. Aashish Mehra
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Northbrook, IL 60062
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