The cryostat global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cryostat Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cryostat market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of biomedical research, rise of cryo-electron microscopy (cryo-em), biobanking and biorepository development, cancer research and diagnostics, drug discovery and development, tissue engineering advancements, increase in cryonics services..
The cryostat market size is expected to see strong growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to expanding role in drug manufacturing, growing importance of genomic research, global expansion of biobanking activities, quality control in pharmaceuticals, shift towards point-of-care diagnostics, advancements in cryogenic storage systems.. Major trends in the forecast period include advancements in cryogenic technologies, technological innovations in imaging, integration with artificial intelligence, collaborations for research and development, applications in nanotechnology..
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Scope Of Cryostat Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cryostat Market Overview
Market Drivers –
The rising prevalence of neuromuscular diseases is expected to propel the cryostat market going forward. Neuromuscular diseases refer to conditions that involve injury or dysfunction of the peripheral nervous system. Progressive muscle weakness is one of the predominant problems with these disorders. The cryostat is used to offer a rapid diagnosis for a number of illnesses and medical disorders that include neuromuscular illnesses, so rising rates of neuromuscular diseases increase demand for the cryostat market. For instance, according to The State of Musculoskeletal Health 2021 report, published by Versus Arthritis, a UK-based charity dedicated to supporting people with arthritis, there are over 20 million people in the UK suffering from musculoskeletal disorders such as arthritis. One in three people, with half of those living in pain every day. Therefore, the rising prevalence of neuromuscular diseases is driving the growth of the cryostat market.
Market Trends –
Technological advancements are a key trend gaining popularity in the cryostat market. Major companies operating in the cryostat market are focused on developing new technological solutions to strengthen their position. For instance, in September 2021, Montana Instruments, a US-based developer of cryogenic equipment, introduced CryoAdvance, the world’s first high-precision, fully automated, closed-cycle optical cryostat with a touchscreen user interface and intuitive control technology. The product is specially designed for variable temperature environments, has a low vibration level, a fully integrated control architecture, and is fully configurable for quick and high-quality experimental results. With all the control electronics and vacuum pumps, the cryostat can automate temperature control across the entire range.
The cryostat market covered in this report is segmented –
1) By Type: Closed-Cycle Cryostats, Continuous-Flow Cryostats, Bath Cryostats, Multistage Cryostats
2) By System Component: Dewars, Transfer Tubes, Gas Flow Pumps, Temperature Controllers, High Vacuum Pumps, Microtone Bladed
3) By Cryogen: Helium, Nitrogen
4) By End-Use Industry: Healthcare, Energy and Power, Aerospace, Metallurgy, Biotechnology, Forensic Science, Marine Biology
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Regional Insights –
North America was the largest region in the cryostat market in 2023. Asia-Pacific is expected to be the fastest-growing region in the cryostat market during the forecast period. The regions covered in the cryostat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the cryostat market report are Lake Shore Cryotronics Inc, Cryomech Inc, Epredia, Hacker Instruments & Industries Inc, Histo-Line Laboratories Srl, Jinhua YIDI Medical Appliance Co Ltd, SLEE Medical GmbH, Leica Biosystems, Lupetec Technologies, MEDITE Medical GmbH, Boeckeler Instruments Inc, Bright Instruments Ltd, Precision Cryogenics Systems Inc, Atico Medical Pvt Ltd, Biobase Biodusty Co Ltd, Cryofab Inc., Amos Scientific, Thermo Fisher Scientific Inc., Oxford Instruments, Star Cryoelectronics, Infrared laboratories, Attocube Systems, Montana Instruments, Quantum Design, ICE Oxford, Cryogenic Limited, Bluefors, Cryoquip, CryoMAgnetics, Vacree Technologies .
Table of Contents
1. Executive Summary
2. Cryostat Market Report Structure
3. Cryostat Market Trends And Strategies
4. Cryostat Market – Macro Economic Scenario
5. Cryostat Market Size And Growth
…..
27. Cryostat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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