The “Global Cryotherapy Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Cryotherapy Market.
Global Cryotherapy Market is valued approximately USD 224.75 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2022-2028.
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Cryotherapy is also known as cold therapy which works on low temperatures in medical therapy. This method is used to cure various types of tissue lesions by exposing specific body parts in a very cold environment. Cryotherapy is majorly used for the treatment of health conditions like tissue damages or lesions, malignant & benign tumors, pain, and sports injuries. The growing demand for minimally invasive/non-invasive procedures, rising incidence of cancer, cardiac conditions, and sports injuries, coupled with the increasing number of technological advancements in cryotherapy equipment are the primary factors that are stimulating the market demand across the globe.
For instance, according to the National Cancer Institute, in 2018, there were around 18.1 million new cases and 9.5 million cancer-associated deaths recorded around the world. Also, it is expected that the new cancer cases annually are anticipated to increases to 29.5 million and the number of cancer-associated deaths to 16.4 million by the end of 2040. Thereby, the increasing prevalence of cancer especially prostate cancer and skin cancer is fueling the demand for cryotherapy as it quickly and proficiently destroys cancer cells. However, limited access to cryotherapy and lack of awareness, tied with the hazardous effects of cryogenic gases impede the growth of the market over the forecast period of 2022-2028. Also, the rising focus on expanding cryotherapy applications and increasing R&D spending is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Cryotherapy Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to rising sports and physical activity-associated injuries, favorable reimbursement scenarios, and the increasing popularity of cryotherapy. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising prevalence of cancer and CVDs, as well as increasing approval and launch of novel cryotherapy products across the region, would create lucrative growth prospects for the Cryotherapy Market across the Asia-Pacific region.
Major market players included in this report are:
CooperSurgical Inc.
Brymill Cryogenic Systems Ltd.
Erbe Elektromedizin GmbH
Kriosystem Life & Care
Medtronic Plc
Cryoconcepts LP
US Cryotherapy Corporate
Zimmer Medizinsysteme GmbH
Special Medical Technology Co., Ltd.
Metrum Cryoflex Sp. z oo, Sp.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product
Cryosurgery Devices
Localized Cryotherapy Devices
Cryochambers & Cryosaunas
By Application
Surgical Applications
Pain Management
Recovery, Health, and Beauty
By End User
Hospitals & Specialty Clinics
Cryotherapy Centers
Spas & Fitness Centers
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Cryotherapy market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Cryotherapy market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Cryotherapy market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Cryotherapy market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Cryotherapy market. It encapsulates indispensable insights extracted from the Cryotherapy Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Cryotherapy market, including:
- What can be expected for the Cryotherapy market in the next decade?
- What are the primary drivers of growth in the global Cryotherapy market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Cryotherapy market vary based on the size of the end market?
- What is the breakdown of Cryotherapy by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Cryotherapy market?
Our most recent research report showcases the thriving expansion of the global Cryotherapy Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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