The cryostats market is expected to reach USD 2.90 Billion by 2022, at a CAGR of 6% between 2016 and 2022. The growth of this market can be attributed to the increasing usage of cryostats in various medical applications such as magnetic resonance imaging (MRI), frozen tissue sections, X-ray, spectroscopy, and other pathological experiments. Moreover, the rising adoption of cryogenics in the energy & power and aerospace industries is expected to drive the growth of the market. The base year considered for the study is 2015 and the market size is forecasted for the period between 2016 and 2022.

The market in this report is segmented on the basis of type, system component, cryogen, industry, and geography. In addition, this report covers the market size estimations for these segments and subsegments and also the market dynamics such as drivers, restraints, opportunities, and challenges.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology is explained below.

Analysis of all the industries worldwide in which cryostats are used

Analysis of various types of cryostats used in these industries

Estimation of market share of cryostats, in terms of value, for segments such as type, system component, cryogen, industry, and geography

Analysis of the market trends in various regions and countries, supported by the ongoing R&D in these regions

Deployment of data triangulation and market breakdown procedures to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments

After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The breakdown of profiles of primaries is depicted in the below figure.

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights regarding the ecosystem of the cryostats market such as technology developers, raw material providers, manufacturers of system components and devices, system integrators, distributors, end users, and post-sales services. Some of the key players operating in this market include Leica Biosystems Nussloch GmbH (Germany), Cryomech, Inc. (U.S.), Advanced Medical and Optical Systems (Belgium), Bright Instruments (U.K.), Jinhua YIDI Medical Appliance Co., Ltd. (China), SLEE Medical GmbH (Germany), Thermo Fisher Scientific Inc. (U.S.), Janis Research Company, LLC (U.S.), and Amos Scientific Pty Ltd. (Australia) among others.

�Study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments�.

Target Audience:

Cryostat manufacturers

Manufacturers of components such as dewars, microtome blades, vacuum pumps, heat exchangers, and related accessories

Professional services/solutions providers/distributors

End users

Research institutes and organizations

Associations of cryogenic studies

Report Scope:

The market covered in this report has been segmented as follows:

Cryostat Market, by Type:

Closed-cycle cryostats

Continuous-flow cryostats

Bath cryostats

Multistage cryostats

Cryostat Market, by System Component:

Dewars

Transfer tubes

Gas Flow pumps

Temperature controllers

High vacuum pumps

Microtome blades

Others

Cryostats Market, by Cryogen:

Helium

Nitrogen

Others

Cryostats Market, by Industry

Healthcare

Energy & power

Aerospace

Metallurgy

Biotechnology

Forensic science

Marine biology

Others

Cryostats Market, by Geography:

North America

Europe

APAC

RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report.

Geographical Analysis

Country-wise breakdown of all the regions, by industry

Company Information

Detailed analysis and profiling of additional market players (up to five)

The cryostat market is estimated to exhibit a decent growth till 2022. The overall market is expected to reach USD 2.90 Billion by 2022, at a CAGR of 6% between 2016 and 2022. Increasing demand for cryostats for cooling infrared sensors in various healthcare machines, in research centers, and in the energy & power and aerospace industries is expected to drive the growth of the market.

The healthcare industry contributes the maximum toward the cryostat market. Cryostats are used in various healthcare applications such as magnetic resonance imaging (MRI), frozen tissue sections, X-ray, spectroscopy, and other pathological experiments. MRI is one of the significant application areas of cryostats in the field of medicines. MRI applications held the largest share of the cryostat market in 2015 and are expected to exhibit the same trend in the coming years as well.

Helium, as a cryogen, is extensively used in cryostats. Helium is highly essential for cooling cryogenic detectors and others in which long hold time, optical access, and easy access to the cold plate are required.

Dewar is an essential system component of a cryostat from which liquid cryogen is drawn. These storage vessels are portable, open-necked, and non-pressurized. Dewars held the largest share of the overall market in 2015 and are expected to continue the same trend during the forecast period.

Continuous-flow cryostats are widely used in applications such as high resolution spectrographs and multiple detector systems. These are also extensively used in low-temperature physics experiments because of their simple operation in a wide range of temperatures. These cryostats accounted for the largest share of the overall market in 2015.

North America is expected to hold the largest share of the overall market, while the market in APAC is expected to grow at the highest CAGR during the forecast period. This growth in the market in APAC can be attributed to the increasing demand for cryostats in the countries in APAC such as China, Japan, and others. In addition, several countries in APAC import natural gases, which is boosting the trade as well as the growth of the market for cryogenics in this region. The market in APAC is at its growth stage, and the ongoing development in this region makes it a lucrative and high-potential market for cryostats.

High input power consumption by these devices acts as a major restraint for the market. Some of the major players operating in the cryostats market are Leica Biosystems Nussloch GmbH (Germany), Cryomech, Inc. (U.S.), Advanced Medical and Optical Systems (Belgium), Bright Instruments (U.K.), Jinhua YIDI Medical Appliance Co., Ltd. (China), SLEE Medical GmbH (Germany), Thermo Fisher Scientific Inc. (U.S.), Janis Research Company, LLC (U.S.), and Amos Scientific Pty Ltd. (Australia) among others. These players have adopted various strategies such as new product developments, partnerships, acquisitions, collaborations, and business expansions to enhance their presence in the market. Since the last three years, the strategy of new product development has been the key strategy adopted by the market players to enhance their leadership in the cryostats ecosystem.

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