Cryostat Market by Type (Closed-Cycle, Continuous-Flow, Bath, Multistage) Global Forecast to 2027
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.
In the pioneering years of
cryogenics, cryostats were used as containers for liquefied gases. The
invention of the first performing cryostat is generally accredited to Sir James
Dewar; therefore, cryostats containing cryogenic fluids are now called dewars.
In 1897, Dewar used silver-plated
double-walled glass containers to collect the first liquefied hydrogen. The
heat transfer phenomena were not well understood during that period. Dewar was
aware of the benefits of thermal isolation by vacuum pumping the double-walled
casing as well as shielding the thermal radiation by silver-plating the glass
walls. H. Kamerlingh Onnes further developed glass-blowing, which became the
enabling technology for making dewars for his laboratory in Leiden.
The frozen section procedure, as
practiced today in medical laboratories, is based on the description by
Dr. Louis B. Wilson in 1905, and the key instrument for cryosection
is the cryostat. Since then, cryostats have been upgraded to specific
needs for a variety of applications. Cryostats are currently used in a wide
range of applications, from industrial products to scientific research and
laboratory instruments.
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The value chain of the cryostat
market comprises a few key phases, including research & product
development, manufacturing & assembly, system integration, distribution,
end users, and post-sale services. Among all the phases, manufacturing &
assembly, and system integration are the major contributors to the market value
chain, while the industry end users are the major influencers in the cryostat
market.
The major players in the RFID
market include 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).
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