The global cryotherapy market reached a value of US$ 292 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 421.9 Million by 2027 exhibiting a CAGR of 6.25% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Cryotherapy refers to a non-invasive technique used for alleviating pain and treating orthopedic injuries. It involves freezing and removing abnormal skin growth, such as warts and tags, and localized tumors for the treatment of prostate, cervical and liver cancer. It utilizes liquid nitrogen, liquid nitrous oxide and compressed argon gas for cryoablation and cryosurgery. Cryotherapy also aids in the treatment of rheumatoid arthritis, anxiety, asthma, migraine and muscle soreness. It is commonly preferred by individuals trying to reduce body weight by increasing metabolism and maintaining high body temperatures. In comparison to the traditionally used therapeutic procedures, cryotherapy promotes faster recovery, has minimal risks of affecting non-targeted areas and is widely used for the treatment of oncological, dermatological and cardiological disorders.
The increasing prevalence of chronic medical disorders across the globe is one of the key factors driving the market growth. Whole-body cryotherapy (WBC) is widely used for the treatment of various health conditions, malignant and benign tumors, tissue damages or lesions and sports injuries. Moreover, the rising preference for minimally and non-invasive therapeutic procedures among patients and healthcare providers is providing a thrust to the market growth. Various technological advancements, such as the development of cryochambers and cryo-saunas for the treatment of inflammation, rheumatoid arthritis and chronic pain, are acting as other growth-inducing factors. In line with this, the increasing utilization of thin and supercooled probes and cryoablation needles with helium-free thaw capabilities is also contributing to the growth of the market. Other factors, including significant improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
The publisher provides an analysis of the key trends in each sub-segment of the global cryotherapy market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and end user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Boston Scientific Corporation, Brymill Cryogenic Systems, CooperSurgical Inc., Cortex Technology, CryoConcepts LP, Erbe Elektromedizin GmbH, Kriosystem-Care Sp. z o.o., Medtronic plc, METRUM CRYOFLEX Sp. z o.o. Sp. k., Pacira BioSciences Inc., US Cryotherapy and Zimmer MedizinSysteme GmbH.
Cryotherapy refers to a non-invasive technique used for alleviating pain and treating orthopedic injuries. It involves freezing and removing abnormal skin growth, such as warts and tags, and localized tumors for the treatment of prostate, cervical and liver cancer. It utilizes liquid nitrogen, liquid nitrous oxide and compressed argon gas for cryoablation and cryosurgery. Cryotherapy also aids in the treatment of rheumatoid arthritis, anxiety, asthma, migraine and muscle soreness. It is commonly preferred by individuals trying to reduce body weight by increasing metabolism and maintaining high body temperatures. In comparison to the traditionally used therapeutic procedures, cryotherapy promotes faster recovery, has minimal risks of affecting non-targeted areas and is widely used for the treatment of oncological, dermatological and cardiological disorders.
Cryotherapy Market Trends:
The increasing prevalence of chronic medical disorders across the globe is one of the key factors driving the market growth. Whole-body cryotherapy (WBC) is widely used for the treatment of various health conditions, malignant and benign tumors, tissue damages or lesions and sports injuries. Moreover, the rising preference for minimally and non-invasive therapeutic procedures among patients and healthcare providers is providing a thrust to the market growth. Various technological advancements, such as the development of cryochambers and cryo-saunas for the treatment of inflammation, rheumatoid arthritis and chronic pain, are acting as other growth-inducing factors. In line with this, the increasing utilization of thin and supercooled probes and cryoablation needles with helium-free thaw capabilities is also contributing to the growth of the market. Other factors, including significant improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cryotherapy market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and end user.
Breakup by Product:
- Cryosurgery Devices
- Tissue Contact Probes
- Tissue Spray Probes
- Epidermal and Subcutaneous Cryoablation Devices
- Localized Cryotherapy Devices
- Cryochambers and Cryosaunas
Breakup by Application:
- Surgical Applications
- Oncology
- Cardiology
- Dermatology
- Others
- Pain Management
- Recovery, Health and Beauty
Breakup by End User:
- Hospitals and Specialty Clinics
- Cryotherapy Centres
- Spas and Fitness Centres
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Boston Scientific Corporation, Brymill Cryogenic Systems, CooperSurgical Inc., Cortex Technology, CryoConcepts LP, Erbe Elektromedizin GmbH, Kriosystem-Care Sp. z o.o., Medtronic plc, METRUM CRYOFLEX Sp. z o.o. Sp. k., Pacira BioSciences Inc., US Cryotherapy and Zimmer MedizinSysteme GmbH.
Key Questions Answered in This Report:
- How has the global cryotherapy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cryotherapy market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cryotherapy market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Cryotherapy Market
What is the estimated value of the Global Cryotherapy Market?
What is the growth rate of the Global Cryotherapy Market?
What is the forecasted size of the Global Cryotherapy Market?
Who are the key companies in the Global Cryotherapy Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 292 Million |
| Forecasted Market Value ( USD | $ 421.9 Million |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cryotherapy Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Boston Scientific Corporation
- Brymill Cryogenic Systems
- CooperSurgical Inc.
- Cortex Technology
- CryoConcepts LP
- Erbe Elektromedizin GmbH
- Kriosystem-Care Sp. z o.o.
- Medtronic plc
- METRUM CRYOFLEX Sp. z o.o. Sp. k.
- Pacira BioSciences Inc.
- US Cryotherapy
- Zimmer MedizinSysteme GmbH.
Methodology
LOADING...
