Regional Analysis

Global Cryocooler Market: Regional Insights

North America among regions is anticipated to show significant growth in the global cryocooler market during the forecast period. This can be attributed to the increasing demand for cryocoolers in this region due to its extensive use in proton therapy, MRI systems, cryosurgery, and liquification of oxygen in hospitals. As the region is on top of the list of developer of novel cancer drugs and evolving technologies such as cryocooler devices, the market is likely to grow rapidly in this region. Along with this, increasing cases of cancer in the region is also expected to drive the market growth in North America region.

Moreover, Europe is also expected to witness substantial growth in the global cryocooler market during the forecast period. The use of proton therapy as a treatment is extensive by advanced cancer treatment centers and hospitals in Europe. This in turn is creating strong demand for cryocoolers in the healthcare sector of this region. Moreover, growing cancer burden in the region is also expected to fuel growth of the global cryocoolers market in Europe. For instance, as per the Joint Research Centre (JRC) of the European Commision, the burden of cancer in Europe is expected to increase with 2.7 million new cases and 1.3 million deaths in 2020.

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa