According to a market report by Lucintel, the future of the cryostat market looks promising with opportunities in the healthcare, energy & power, aerospace, metallurgy, biotechnology, forensic science, and marine biology sectors. The global cryostat market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are high demand for effective healthcare services and increasing applications of cryogenics in energy & power and aerospace market.
In this market, closed-cycle cryostats, continuous-flow cryostats, bath cryostats, and multistage cryostats are the major segments by type. Lucintel forecasts that continuous-flow cryostats will remain the largest segment over the forecast period it allows easy and safe cryogen flow.
Within this market, healthcare is expected to remain the largest segment as it rapidly diagnoses different infectious diseases and medical conditions. Additionally, increasing geriatric population and changing lifestyles have increased chronic diseases such as stroke, cancer, and diabetes.
APAC will remain the fastest growing region due to the rising government funding to develop and improve the healthcare infrastructure and rapid industrialization.
Bright Instruments, Leica Biosystems, Cryomech, Amos Scientific, Dakewe Medical, SLEE Medical, Lake Shore Cryotronics, Boeckeler Instruments, and Mirion Technologies are the major suppliers in the global cryostat market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cryostat market by type, system component, cryogen, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Cryostat Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global cryostat market by type, system component, cryogen, application, and region, as follows:
Cryostat Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Closed-Cycle Cryostats
· Continuous-Flow Cryostats
· Bath Cryostats
· Multistage Cryostats
Cryostat Market by System Component [Value ($B) Shipment Analysis from 2017 to 2028]:
· Dewars
· Transfer Tubes
· Gas Flow Pumps
· Temperature Controllers
· High Vacuum Pumps
· Microtome Blades
Cryostat Market by Cryogen [Value ($B) Shipment Analysis from 2017 to 2028]:
· Helium
· Nitrogen
Cryostat Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Healthcare
· Energy & Power
· Aerospace
· Metallurgy
· Biotechnology
· Forensic Science
· Marine Biology
Cryostat Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Cryostat Market". To download report brochure, please go to https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cryostat market by type (closed-cycle cryostats, continuous-flow cryostats, bath cryostats, and multistage cryostats), system component (dewars, transfer tubes, gas flow pumps, temperature controllers, high vacuum pumps, and microtome blades), cryogen (helium and nitrogen), application (healthcare, energy & power, aerospace, metallurgy, biotechnology, forensic science, and marine biology), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?