Cryostat Market Size to Grow by USD 861.81 million Due to the Growing Medical Research - 17,000+ Technavio Reports

NEW YORK, Sept. 2, 2022 /PRNewswire/ -- The latest market analysis report titled Cryostat Market by End-user and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 6.33%. The analysts at Technavio have categorized the global cryostat market as a part of the global life science tools and services market. Our report provides extensive information on the value chain analysis for the cryostat market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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Cryostat Market Dynamics

• Key Driver: One of the key factors driving the global cryostat market growth is the growing medical research. As of November 2019, the NLM reported nearly 16,000 ongoing active clinical trials in the US. Globally, cancer is among the top five causes of death across all age groups. Therefore, companies are developing therapies to treat cancer and reduce the number of deaths. Such factors will drive the demand for cryostats during the forecast period. 
• Key Trend: Strategic alliances and partnerships to expand their business opportunities is one of the key cryostat market trends that is expected to impact the industry positively in the forecast period. For instance, in June 2020, Schrodinger, Inc. entered into a strategic collaboration with Thermo Fisher Scientific Inc to extend the use of cryo-EM in connection with silicon compound screening to accelerate drug discovery. 
• Key Challenge: One of the key challenges to the global cryostat market growth is the high cost of helium. Currently, the US is one of the world's largest producers of helium, along with Qatar and Algeria. Helium is produced as a by-product of the refining of natural gas, which is currently carried out at 14 plants around the world. Moreover, even if the plant reopens, US-led economic sanctions to punish Russia for its invasion of Ukraine will make it difficult for Gazprom to sell helium outside of Russia and China, which will adversely affect market growth during the forecast period.

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• End-user 

• Healthcare: The cryostat market share growth in the healthcare segment will be significant during the forecast period. Cryostats are used to preserve frozen tissue samples, slice tissue sections thin enough for microscopic examination, and provide a quick diagnosis for a variety of diseases and medical conditions, including neuromuscular diseases. Therefore, the use of cryostats in both clinical diagnostic and research applications will drive the demand for cryostats during the forecast period.
• Industrial

• Geography 

• North America: 33% of the market's growth will originate from North America during the forecast period. The US is the key market for cryostats in North America. Market growth in this region will be faster than the growth of the market in Europe. A rise in health awareness, an increase in the patient population, the presence of well-established healthcare infrastructure, technological advancements, the rise in the number of well-equipped laboratories, a surge in research and developmental activities, and the presence of key players will facilitate the cryostat market growth in North America over the forecast period. 
• Europe
• Asia
• Rest Of World (ROW)

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Cryostat Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cryostat market report covers the following areas:

• Cryostat Market size
• Cryostat Market trends
• Cryostat Market industry analysis

The cryostat market is fragmented and the vendors are deploying growth strategies such as investment in R&D and M&A activities to compete in the market. This statistical study of the cryostat market encompasses successful business strategies deployed by the key vendors. The cryostat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the Cryostat Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

We provide a detailed analysis of around 25 vendors operating in the Cryostat Market, including some of the vendors such as vendors:

• Advanced Research Systems Inc.
• AMETEK Inc.
• Amos scientific Pty Ltd.
• Boeckeler Instruments Inc
• Bright Instrument Co. Ltd.
• Cryomech Inc.
• Danaher Corp.
• Freezers India
• Hacker Instruments and Industries Inc.
• Histo Line Laboratories Srl
• Jinhua YIDI Medical Appliance Co. Ltd.
• Lake Shore Cryotronics Inc.
• Lupe Industria Tecnologica de Equipamentos para Laboratorio LTDA.
• Medimeas Instruments
• Oxford Instruments Plc
• SLEE medical GmbH
• SM Scientific Instruments Pvt. Ltd.
• Tanner Scientific Inc.
• Thermo Fisher Scientific Inc.

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• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist cryostat market growth during the next five years
• Estimation of the cryostat market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the cryostat market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cryostat market vendors

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1 Executive Summary

• 1.1 Market overview

• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem

• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition

• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis

• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026

• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary

• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers

• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers

• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants

• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes

• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry

• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition

• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments

• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user

• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Healthcare - Market size and forecast 2021-2026

• Exhibit 28: Chart on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)

• 5.4 Industrial - Market size and forecast 2021-2026

• Exhibit 32: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by End-user

• Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview

• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation

• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison

• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026

• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026

• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026

• Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026

• Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026

• Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 UK - Market size and forecast 2021-2026

• Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026

• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026

• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026

• Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography

• Exhibit 78: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges

• Exhibit 79: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape

• Exhibit 80: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption

• Exhibit 81: Overview on factors of disruption

• 9.4 Industry risks

• Exhibit 82: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered

• Exhibit 83: Vendors covered

• 10.2 Market positioning of vendors

• Exhibit 84: Matrix on vendor position and classification

• 10.3 Advanced Research Systems Inc.

• Exhibit 85: Advanced Research Systems Inc. - Overview
• Exhibit 86: Advanced Research Systems Inc. - Product / Service
• Exhibit 87: Advanced Research Systems Inc. - Key offerings

• 10.4 Amos scientific Pty Ltd.

• Exhibit 88: Amos scientific Pty Ltd. - Overview
• Exhibit 89: Amos scientific Pty Ltd. - Product / Service
• Exhibit 90: Amos scientific Pty Ltd. - Key offerings

• 10.5 Bright Instrument Co. Ltd.

• Exhibit 91: Bright Instrument Co. Ltd. - Overview
• Exhibit 92: Bright Instrument Co. Ltd. - Product / Service
• Exhibit 93: Bright Instrument Co. Ltd. - Key offerings

• 10.6 Cryomech Inc.

• Exhibit 94: Cryomech Inc. - Overview
• Exhibit 95: Cryomech Inc. - Product / Service
• Exhibit 96: Cryomech Inc. - Key offerings

• 10.7 Danaher Corp.

• Exhibit 97: Danaher Corp. - Overview
• Exhibit 98: Danaher Corp. - Business segments
• Exhibit 99: Danaher Corp. - Key news
• Exhibit 100: Danaher Corp. - Key offerings
• Exhibit 101: Danaher Corp. - Segment focus

• 10.8 Jinhua YIDI Medical Appliance Co. Ltd.

• Exhibit 102: Jinhua YIDI Medical Appliance Co. Ltd. - Overview
• Exhibit 103: Jinhua YIDI Medical Appliance Co. Ltd. - Product / Service
• Exhibit 104: Jinhua YIDI Medical Appliance Co. Ltd. - Key offerings

• 10.9 Lake Shore Cryotronics Inc.

• Exhibit 105: Lake Shore Cryotronics Inc. - Overview
• Exhibit 106: Lake Shore Cryotronics Inc. - Product / Service
• Exhibit 107: Lake Shore Cryotronics Inc. - Key offerings

• 10.10 Medimeas Instruments

• Exhibit 108: Medimeas Instruments - Overview
• Exhibit 109: Medimeas Instruments - Product / Service
• Exhibit 110: Medimeas Instruments - Key offerings

• 10.11 SLEE medical GmbH

• Exhibit 111: SLEE medical GmbH - Overview
• Exhibit 112: SLEE medical GmbH - Product / Service
• Exhibit 113: SLEE medical GmbH - Key offerings

• 10.12 Thermo Fisher Scientific Inc.

• Exhibit 114: Thermo Fisher Scientific Inc. - Overview
• Exhibit 115: Thermo Fisher Scientific Inc. - Business segments
• Exhibit 116: Thermo Fisher Scientific Inc. - Key news
• Exhibit 117: Thermo Fisher Scientific Inc. - Key offerings
• Exhibit 118: Thermo Fisher Scientific Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist

• Exhibit 119: Inclusions checklist
• Exhibit 120: Exclusions checklist

• 11.3 Currency conversion rates for US$

• Exhibit 121: Currency conversion rates for US$

• 11.4 Research methodology

• Exhibit 122: Research methodology
• Exhibit 123: Validation techniques employed for market sizing
• Exhibit 124: Information sources

• 11.5 List of abbreviations

• Exhibit 125: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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