A new report by Transparency Market Research, titled “Cryostat Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” offers an in-depth analysis of all the critical aspects of the market.
Albany, NY -- (SBWIRE) -- 11/25/2016 -- As the clinical research and diagnosis activities across the globe rise, the need for storing and maintaining tissue samples is escalating. Cryostats play a pivotal role in storing tissue samples and maintaining ambient temperature for them and are, therefore, being increasingly used in medical facilities and laboratories.
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The rising demand for effective and advanced healthcare procedures for diagnosis, especially in developing nations, is driving the global cryostat market. Moreover, the increasing demand for superconducting systems in the energy sector owing to the widespread adoption of natural gas pipelines for transmission is augmenting the growth of the market. The market is also receiving a fillip from other factors such as improving healthcare infrastructure and growing demand for fast, efficient, and accurate diagnostics.
However, the high input power requirement and the rising incidence of freeze artifacts and heat loss are hampering the growth of the global cryostat market. Nevertheless, the increasing adoption of cryogenic systems in the aerospace sector is likely to open new avenues for the manufacturers in the near future.
On the basis of product type, the global cryostat market is segmented into bath, closed-cycle, continuous-flow, and multistage. In terms of cryogen liquid, the market is classified into helium, nitrogen, and others (neon and argon). Based on industry vertical, the market is divided into aerospace, energy, biotechnology, healthcare, and others including metallurgy. Cryostats are used in various healthcare applications including frozen tissue sections, spectroscopy, X-ray, magnetic resonance imaging (MRI), and other pathological experiments. The rising prevalence of chronic diseases will increase the number of patients undergoing diagnostic tests, which in turn will stimulate the demand for cryostats in the healthcare sector.
Regional markets studied in the report are Asia Pacific, Latin America, North America, Eastern Europe, Western Europe, and the Middle East and Africa. The growth of the Asia Pacific market is primarily driven by the increasing investments in the energy and healthcare sectors and improving economic conditions in countries such as India and China. Europe (Eastern and Western) and North America are expected to be significant revenue contributors in the global cryostat market. The rising adoption of cryogenic systems for cooling in various industrial sectors such as aerospace and energy and the presence of advanced healthcare infrastructure are contributing to the growth of these regions.
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Some of the key players in the market are Atico Medical Pvt. Ltd., Advanced Research Systems Inc., AMOS Scientific Pty. Ltd., Bright Instruments, Hacker Instruments & Industries Inc., Cryomech Inc., Leica Biosystems Nussloch GmbH, Janis Research Company LLC, Thermo Fisher Scientific, and Slee Medical GmbH.
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