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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.

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cryostat market worth 2 90 billion usd by 2022

Cryostat Market worth 2.90 Billion USD by 2022

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.

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

Browse 68 market data Tables and 61 Figures spread through 156 Pages and in-depth TOC

on "Cryostat Market - Global Forecast to 2022"

http://www.marketsandmarkets.com/Market-Reports/cryostat-market-13123464.html

Early buyers will receive 10% customization on reports.

healthcare industry dominates the cryostats market

Healthcare industry dominates the cryostats market

The healthcare industry contributes the maximum toward the cryostats market. The devices 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. The cryostats in the MRI machines keep

the superconducting magnets’ bobbins of superconductive wires in their superconductive state.

For the healthcare industry, MRI applications held the largest share of the cryostats market in

2015 and are expected to exhibit the same trend in the coming years as well.

Market for dewars expected to have the largest market size during the forecast period

Dewar is an integral part of a cryostat from which liquid cryogen is drawn. These storage vessels

are open-necked, non-pressurized, and portable double-walled containers. Dewars that meet the

prescribed safety standards are generally used in cryostats; physical inspection of these dewars

should be carried out in a regular interval to check the external surface integrity. Dewars held the

largest share of the overall market in 2015 and are expected to continue the same trend during

the forecast period.

The cryostats market in APAC is expected to grow at the highest CAGR during the

forecast period.

This market is majorly driven by developed economies such as China and Japan, followed by

India, South Korea, and the Rest of APAC. Investments in the healthcare and energy sectors

have grown considerably in the past few years, creating a significant demand for the cryogenic

technology in the region.

The key players operating in the cryostats 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.

The report analyzes the market trends for each of the segments and their respective growth rate.

Apart from the market segmentation, the report also covers Porter’s five forces analysis, value

chain analysis with a detailed process flow diagram, and market dynamics such as drivers,

restraints, opportunities, and challenges for the market.

The report also provides a qualitative and quantitative description of the segments of the market.

It also gives a detailed view of the market across four geographic regions: North America,

Europe, APAC, and RoW. North America is the largest market for cryostats, while the market in

APAC is expected to grow at the highest rate during the forecast period.

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

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.

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http://www.marketsandmarkets.com/pdfdownload.asp?id=13123464

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