Liquid helium is the dominant form of helium in the market, essential for achieving and maintaining the ultra-low temperatures required for superconducting magnets in MRI machines, quantum computing systems, and various scientific research applications. Liquid helium holds the leading market value due to the logistics of transport for medical and research use . Cryogenics is the leading application segment, accounting for roughly 28%–30% of the market, as liquid helium is the only fluid cold enough to maintain the superconductivity of magnets in MRI machines and quantum computers . The medical segment, which relies heavily on liquid helium for MRI cooling, is the largest end-user and continues to dominate the market .

Liquid helium is the dominant form of helium in the market, essential for achieving and maintaining the ultra-low temperatures required for superconducting magnets in MRI machines, quantum computing systems, and various scientific research applications. Liquid helium holds the leading market value due to the logistics of transport for medical and research use [citation:MRFR]. Cryogenics is the leading application segment, accounting for roughly 28%–30% of the market, as liquid helium is the only fluid cold enough to maintain the superconductivity of magnets in MRI machines and quantum computers [citation:MRFR]. The medical segment, which relies heavily on liquid helium for MRI cooling, is the largest end-user and continues to dominate the market [citation:MRFR].

Liquid helium is produced by cooling gaseous helium to near absolute zero (-269°C or -452°F), at which point it becomes a liquid with extraordinary properties. Its normal boiling point is 4.2 Kelvin, and its critical temperature is 5.2 Kelvin . The extremely low boiling point makes it the most effective coolant for superconducting materials, which must be kept at cryogenic temperatures to operate without electrical resistance. The healthcare sector is witnessing a surge in helium usage, particularly in medical imaging technologies such as MRI machines, indicating a growing reliance on helium for diagnostic purposes [citation:MRFR]. Most installed MRI systems in the United States require approximately 2,000 liters of liquid helium at any one time to maintain their powerful magnets at temperatures as near to absolute zero as possible .

The expansion of MRI and medical imaging is a significant driver for the liquid helium market [citation:MRFR]. While newer low-helium and helium-free MRI systems are emerging, they are not yet widely adopted, and most installed systems still require large volumes of helium . Efforts to recapture and recycle helium that would otherwise escape into the atmosphere are also underway, helping to mitigate supply constraints . By 2035, liquid helium is expected to maintain its dominant position, driven by the continued expansion of medical imaging, the growth of quantum computing, and the ongoing need for cryogenic research facilities [citation:MRFR].

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