The Global Cryostat Market Is Projected To Reach USD 2.2 Billion In 2022; It Is Expected To Grow at a CAGR Of 4.9% From 2023 To 2030.

 Cryostat Market Overview:

A cryostat is a room that can keep temperatures very low. Cryostats are used to keep frozen tissue samples safe in medical labs and research facilities. A sharp cutting tool called a microtome, which is housed in the cryostats, cuts the tissue into thin pieces that can be seen under a microscope. Cryostats can be used in many ways in research, engineering, and medicine. Cryostats could be used in the healthcare, energy and power, aerospace, metallurgy, biotechnology, and forensic science industries. This report looks at both the supply and demand sides of the market for cryostats. The supply-side market is divided into groups based on types, cryogens, and system parts. The applications and geographic regions divide the demand-side market into different parts. The growth of this industry has been helped by the creation of many new medical applications, such as magnetic resonance imaging (MRI) and tissue sampling. The market is also expected to grow because cryogenics are being used more and more in energy and power and aerospace. The largest part of the global cryostat market in 2021 was the market for healthcare applications.

Market Dynamics

Driver:

High demand for effective healthcare services in developing economies

Cryostats are used a lot in the medical field, such as in Magnetic Resonance Imaging (MRI) machines and for storing tissue samples. Cryostats in MRI machines are made to store liquid cryogens, mostly helium, with as little loss as possible. Modern MRI cryostats use a mechanical refrigerator or cryocooler to condense helium gas and return it to the bath to save it. A microtome is used to cut tissue into thin slices. Cryostats are also used to keep samples for medical reasons. When a cryostat is used to cut frozen sections, the cell density and structure of the tissue are kept. It is important for diagnosing neurosurgical materials, especially in cases of glioma that spreads throughout the brain. Sectioning with a cryostat is better than sectioning with a microtome in two important ways. First, the time between fixing the tissue and cutting it into sections is cut down by a lot. Cryostat sections are great for immunofluorescence labelling of multiple proteins in the same piece of tissue because the antigenicity of the proteins is better kept.

In developing economies, urbanisation and industrialization are moving along quickly. As the quality of life in these developing countries improves, so does the need for health care. In the past 10 years, for example, there have been a lot more hospitals, clinics, and research centres that offer different treatments. Most of these places have invested in high-tech medical equipment like mammography machines, MRI machines, CT simulators, CT scanners, and CAT scanners. As a result, healthcare providers and companies that make medical equipment are likely to use cryostats more as the need for new medical equipment grows.

Restraint:

High-input power consumption

When making cryostats, one of the most important things to think about is how much energy they use. The amount of power a cryostat needs to run depends a lot on how much heat it needs to make and what temperature it is running at. In general, the cooling capacity must be taken into account when comparing the overall performance of cryostats. But advances in cryostats have made it possible to use much less power, depending on the type of refrigerant and the thermal efficiency of the system as a whole.

Opportunity:

Growing demand for cryostats for aerospace application

As big countries try to build up their space fleets, more and more cryogenic technologies are being used in space. Advanced Adiabatic Demagnetization Refrigerators (AADRs) and other devices are used to cool communication devices, satellite bodies, and X-ray spectrometers. Cryogenic Fluid Management (CFM) technology has been a key part of NASA's exploration systems for earth-to-orbit transportation, manned missions to the moon and mars, planetary exploration, and In-Situ Resource Utilization for the past ten years (ISRU). In 2000, Janis Research Company, LLC (US) won its second NASA Public Service Group Achievement Award for its work on the FACET program, which included making a cryostat for the Shuttle Hitchhiker program and giving researchers a place to do experiments in microgravity. Also, the Air Force Research Laboratory's (AFRL) Spacecraft Component Thermal Research Group is doing research to improve the efficiency of cryostats that can be used in space. Aerospace Fabrication & Materials uses a Cryostat-200 made by NASA's Kennedy Space Center to test insulating systems. A steady-state method called cryogenic boil-off calorimetry is used to measure the mass flow rate of the metering fluid. This steady-state mass flow rate is measured in all pressure conditions, from a hard vacuum to the atmosphere. The data include the apparent thermal conductivity and the heat flux.

Challenge:

Tissue cracking and curling during cryostat tissue sectioning

Most cryostats embed frozen pieces of tissue by putting them face up on a tissue holder and pouring an embedding liquid over them. The thing that holds the tissues, which some people call a "chuck," is put on a freezing-temperature bar. At the right time, a heat sink is put on the surface of the tissue to speed up the freezing process and make the surface of the tissue flat. There are many problems with this method that can make people very unhappy. The system works well when there is a lot of tissue and it doesn't matter if it's not perfectly aligned.

In system component segment, the Dewar sub-segment is expected to hold the largest market share during the forecast period

One of the most important parts of cryostats, which are used to store dangerous solid or liquid cryogens, is the Dewar. Dewar’s range in size from 5 to 200 liters and are made of safe materials like stainless steel, glass, or aluminum. The liquid cryogen is taken out of the Dewar, which is an important part of a cryostat. Most of the time, a Dewar has one or more reservoirs that are separated from the outside temperature by a vacuum jacket. These are made out of glass, aluminum, or stainless steel. Stainless steel Dewar’s are thought to be the most reliable because they last a long time, don't let heat pass through them easily, and can be easily joined to other metals, like copper and brass, by welding in an inert gas atmosphere or silver soldering. These storage containers are portable, have two walls, open necks, and are not pressurized. Only Dewar’s that meet the required safety standards should be used, and the integrity of the outside surface should be checked regularly.

In application segment, aerospace application is expected to grow at higher CAGR during the forecast period

During the time frame of the forecast, the market for aerospace is expected to have the highest CAGR. Cryostats are being used more and more in the aerospace industry for a wide range of advanced research projects in space and astronomy. In the aerospace industry, cryostats are used to cool down infrared sensors for astronomical experiments.

There are a lot of space agencies that do important research in astronomy and planetary science. Space astronomy is the study of how stars form, how planets are found, and how black holes work. Planetary science is the study of how minerals are distributed. Over the next few years, technology will focus a lot on making cryostats that last longer and can predict people's lives better. Since 1957, when space and satellite programs started, cryostat technology has come a long way, making it possible to use cryogenic cooling for a wide range of missions. A few companies in the ecosystem, like Advanced Mechanical and Optical Systems (Belgium) and Redstone Aerospace (United States), are experts in designing and making cryostats for use in space and on Earth.

Regional insight

The cryostat market in APAC is expected to grow at highest CAGR during the forecast period (2022-2027)

During the period of the projection, the Asia-Pacific region is expected to have the highest CAGR. Countries in this area are working to improve healthcare and energy and power applications because their economies are growing. This is good for cryostats because it opens up new markets for them. During the forecast period, the cryostat market is expected to grow the fastest in Asia-Pacific. China and Japan, which have strong economies, are the main drivers of this market. India, South Korea, and the rest of Asia-Pacific are also important. In recent years, there have been a lot more investments in the healthcare and energy industries, which has led to a big need for cryogenic technology in the area. A number of countries in this area also import natural gas, which has helped the cryogenics industry grow in this area. LNG is mostly bought by Japan and a few other developing countries in the region. The Asia-Pacific cryostat market is growing because of these things.

Scope Analysis

Recent Development

In August 2020: Janis Research's Laboratory Cryogenics division has been bought by Lake Shore Cryotronics so that it can do research at low temperatures. Due to the purchase of the Woburn, Massachusetts-based company, Lake Shore can now offer Janis Research liquid nitrogen (LN2), liquid helium (LHe), and closed-cycle refrigerator (cryogen-free) cryostats, LHe and cryogen-free superconducting magnet systems, cryogenic and cryogen-free probe stations, and different lab cooling systems.

In August 2020: AFCryo (CSA CSM), a branch of Fabrum Solutions, and Cryomech (CSA CSM) worked together to design and supply a liquid nitrogen generating system and helium recovery system for the Nuclear Magnetic Resonance (NMR) laboratory at Victoria University of Wellington (NZ). Helium recovery technology cuts down on the need to transport helium.

In September, 2022: Epredia Expands Anatomical Pathology Business in Europe with Acquisition of Microm Microtech France and Laurypath

Epredia, a world leader in cancer diagnostics, said today that its parent company, PHC Holdings Corporation [TSE 6523], has bought Microm Microtech France (MMFrance) and Laurypath as part of a plan to grow Epredia's presence in Europe.

Market Segmentation

By Type:

• Closed-Cycle Cryostats
• Continuous-flow Cryostats
• Bath Cryostats
• Multistage Cryostats

By System Component:

• Dewars
• Transfer Tubes
• Gas Flow Pumps
• Temperature Controllers
• High Vacuum Pumps
• Microtome Blades

By Cryogen:

• Helium
• Nitrogen

By Application:

• Healthcare
• Energy & Power
• Aerospace
• Metallurgy
• Biotechnology
• Forensic Science
• Marine Biology

By Companies:

• 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)
• (US)
• Precision Cryogenics (US)
• attocube systems AG (Germany)
• AMETEK Scientific Instruments (US)
• Mirion Technologies (Georgia)
• BIOBASE (Germany)
• Sipcon Instrument Industries (India).