Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Cryostat Market size is expected to reach $3.0 billion by 2028, rising at a market growth of 5.1% CAGR during the forecast period.
The Helium market is leading the Global Cryostat Market by Cryogen in 2021; thereby, achieving a market value of $2.1 billion by 2028. Cryogen helium is frequently used in cryostats to sustain extremely low temperatures, and it is commercially generated to suit the enormous demand. Liquid helium cryostats are widely employed in a range of sectors because they are effective at obtaining the necessary lowering temperatures.
The Healthcare market is exhibiting a CAGR of 4.1% during the forecast period. Prostate cancer is treated with cryostat technology, which freezes and kills tumor cells. It is used to boost fertility, treat cancer, and prevent blindness. This approach helps shorten hospital stays for patients while improving patient outcomes at a reasonable cost.
The Continuous-flow market is generating high revenue in the Global Cryostat Market by Type in 2021; thereby, achieving a market value of $1.2 billion by 2028. Liquid cryogens from the storage dewars, like liquid helium or liquid nitrogen, are used to cool continuous-flow cryostats. A steady flow from the storage dewar replenishes the cryogen as it boils inside the cryostat. The cryogen flow rate into the cryostat is typically controlled in order to maintain the desired sample temperature.
The Gas Flow Pumps market is showcasing a CAGR of 5.5% during (2022 - 2028). For variable temperature laser luminescence research, a liquid nitrogen gas flow cryostat that maintains temperatures between 77 K and room temperature is described. The cryostat is assembled from standard laboratory equipment and does not require quartz glassware.
The North America market dominated the Global Cryostat Market by Region in 2021; thereby, achieving a market value of $1.0 billion by 2028. The Europe market is anticipated to grow at a CAGR of 4.3% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 6.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cryostat-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Danaher Corporation (Leica Biosystems), MEDITE Medical GmbH, Bright Instruments Limited, Amos scientific Pty Ltd., SLEE medical GmbH, Advanced Research Systems, Inc., Lake Shore Cryotronics, Inc., Cryomech, Inc., Dakewe Biotech Co., Ltd. and Jinhua YIDI Medical Appliance Co., Ltd.
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