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Cryostat Market Comprehensive Study: Forecasted Market Size And Growth Rate
Cryostat
The Business Research Company offers in-depth market insights through Cryostat Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Prevalence Of Neuromuscular Diseases Fuels Growth In Cryostat Market For Rapid Diagnosis And Treatment
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.
Competitive Landscape:
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 .
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Top Trend - Advancing Cryostat Automation And Experimental Quality
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Cryostat Market Characteristics
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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