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Cryostat Market Is Expected to Extend Up to $ 2.90 Billion by 2022 With A

CAGR of 6% Between 2016 And 2022.
The cryostat market is expected to reach $ 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.
Cryostats market for the aerospace industry expected to register the highest
growth rate during the forecast period

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The healthcare industry contributes the maximum toward the cryostats market. However,
the cryostats market for the aerospace industry is expected to exhibit the highest growth
rate during the forecast period. These devices are used for cooling infrared sensors
during numerous astronomical studies. Some of the major studies conducted by various
space and satellite agencies include space astronomy and planetary science.
North America expected to hold the largest market share during the forecast
period
The market in APAC is estimated to grow at the highest rate during the forecast period.
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. Asian economies, such
as China and Japan, are unfolding new growth avenues for various companies operating
in the healthcare and energy & power sectors, thereby, providing growth opportunities for
the market in this region.
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North America held the major share of the overall cryostats market in 2015. The U.S. is
the prime contributor to the market in this region due to the availability of advanced
healthcare services, in which cryostats are widely used, in this nation. The market in
APAC is estimated to grow at the highest rate during the forecast period. 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. Asian economies, such as China and Japan,
are unfolding new growth avenues for various companies operating in the healthcare and

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energy & power sectors, thereby, providing growth opportunities for the market in this
region.
In the process of determining and verifying the market size for several segments and
sub segments of the cryostats market gathered through the secondary research,
extensive primary interviews have been conducted with key industry people. Break-up
of the profiles of primary participants is shown below:

By Company Type: Tier 1: 25%, Tier 2: 35%, and Tier 3: 40%

By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
By Region: North America: 43%, Europe: 29%, APAC: 14%, and RoW: 14%

The report provides insights on the following pointers

Market Penetration: Comprehensive information on products offered by the top
players in the global cryostats market
Product Development/Innovation: Detailed insights on upcoming technologies,
R&D activities, and new product launches in the cryostats market
Market Development: Comprehensive information about lucrative emerging markets
the report analyzes the market for cryostats across regions
Market Diversification: Exhaustive information about new products, untapped
geographies, recent developments, and investments in the global cryostats market
Competitive Assessment: In-depth assessment of market shares, strategies,
products, and manufacturing capabilities of the leading players in the cryostats market

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The market in this report, on the basis of geography, has been segmented into
four major regions:
1. North America,
2. Europe
3. APAC.

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The report also profiles major players in the cryostat market

1. Leica Biosystems Nussloch
2. GmbH (Germany)
3. Cryomech, Inc. (U.S.)
4. Advanced Medical and Optical Systems (Belgium)
5. Bright Instruments (U.K.)
6. Jinhua YIDI Medical Appliance Co., Ltd. (China)
7. SLEE Medical GmbH (Germany)
8. Thermo Fisher Scientific Inc. (U.S.)
9. Janis Research Company, LLC (U.S.)
10. Amos Scientific Pty Ltd. (Australia)

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