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Cryotherapy Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

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  • 111 Pages
  • October 2021
  • Region: Global
  • Acute Market Reports
  • ID: 5614632

Industry Outlook

Growing adoption of minimally invasive procedures and enhanced safety profile of cryoablation and cryotherapy are the key factors that are determining the overall trends in the global cryotherapy devices market. These factors have led to increased adoption of cryotherapy devices in cardiology, renal conditions, pain management and tumor removal. Cryotherapy mainly involved administration through very low temperatures in surgery and chambers. Agents such as carbon dioxide, argon, liquid nitrogen and dimethyl ether propane are extensively employed in cryotherapy applications. Increasing popularity of cryotherapy in treatment of several cancers, musculoskeletal conditions, chronic pain and cosmetic treatments is also witnessed in the market, where critically high emphasis is observed in dermatology and beauty treatments.

The global cryotherapy devices market, by product types is segmented into cryosurgery devices whole body cryotherapy devices and partial body cryotherapy devices. Cryosurgery devices segment is further classified as contact probes, spray probes and epidermal and subcutaneous cryoablation devices. At present, cryosurgery devices command the global market and is expected to retain its dominance through the forecast period. Cryosurgery involves minimally invasive procedure and is therefore in high demand in the global markets. Treatment of cardiovascular diseases and tumors by freezing the damaged or cancerous tissue is gaining high demand due to its proven safety. Further adjoining chemotherapy and hormonal therapy with cryosurgery promoted improved treatment outcomes. Application of cryotherapy in dermatology is anticipated to gain rapid market growth during the forecast period. Cryosurgery is easily performed in office settings with high safety, and has wide dermatological application in treating conditions such as actinic keratosis, benign neoplasms, seborrheic keratosis and carcinoma.

Surgical applications is the highest revenue generating segment

Based on the application areas, the global cryotherapy market is segmented into pain management, surgical applications, and others. Among these, surgical applications dominate the global market, wherein the demand for oncology application is the highest. In the recent years, there has been an increasing demand for minimally invasive surgical procedures. Advancements in intraoperative imaging techniques are primarily attributed to the growing demand for minimally invasive surgical procedures. For the purpose of tumor management with cryosurgery, intraoperative ultrasound guidance is employed.

North America set to remain the largest regional market

North America currently is the largest regional market for cryotherapy devices. The dominance of this region is attributed to high prevalence of cancer demanding minimally invasive surgeries, swift approvals for novel devices, and better reimbursements. Significant prevalence of cancer in the region, along with high preference for employing novel surgical solutions is also a key characteristic of North America market. Furthermore, the demand for asthetic procedures for anti-aging and sun damage repair is also contributing to growing demand for cryotherapy devices in North America. The demand for whole body cryotherapy devices (cryochambers) is significantly high in the region. Proliferation of asthetics and cosmetics, and overall wellbeing industry is also contributing to the high demand for whole body cryotherapy devices.

Historical & Forecast Period

This research report presents the analysis of each considered segment for the period from 2019 to 2029, having 2020 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2021 to 2029.

This report also includes qualitative information sets for each segment considered along with other information such as market trends, drivers, challenges and opportunities. Market positioning of key players operating in this industry is also graphically demonstrated in this study. The report concludes with profiling of major companies occupying key position in the global market. The major market players profiled in this report include US Cryotherapy, Impact Cryotherapy, Cryo Innovations, Medtronic plc, Cryoconcepts LP, CooperSurgical, Inc., Zimmer MedizinSysteme GmbH, METRUM CRYOFLEX Sp. z o.o., Sp. k., Erbe Elektromedizin GmbH, Cryoswiss GmbH, Brymill Cryogenic Systems, and Galil Medical, Inc.

Key questions answered in this report

  • What is the forecasted size of the global cryotherapy devices market in 2029?
  • Will the dominance of the cryosurgery devices segment challenged by any other product type?
  • Which are the key driving factors contributing to the dominance of oncology surgical devices segment?
  • Will the rapidly growing Asia Pacific market surpass the robust North America market within the forecast period?

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Table of Contents

Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global CD Market Portraiture
2.2. Global CD Market, by Type, 2020 (US$ Mn)
2.3. Global CD Market, by Application, 2020 (US$ Mn)
2.4. Global CD Market, by Geography, 2020 (US$ Mn)
Chapter 3. Global Cryotherapy Devices (CD) Market: Dynamics and Future Outlook
3.1. Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2020
3.6. Competitive Analysis: Global CD Market, by Key Players, 2020
Chapter 4. Global Cryotherapy Devices (CD) Market, by Type, 2019 - 2029 (US$ Mn)
4.1. Overview
4.2. Cryosurgery Devices
4.2.1. Contact Probes
4.2.2. Spray Probes
4.2.3. Epidermal and Subcutaneous Cryoablation Devices
4.3. Whole Body Cryotherapy Devices (Cyrochambers)
4.4. Partial Body Cryotherapy Devices
Chapter 5. Global Cryotherapy Devices (CD) Market, by Application, 2019 - 2029 (US$ Mn)
5.1. Overview
5.2. Pain Management
5.3. Surgical Applications
5.3.1. Dermatology
5.3.2. Oncology
5.3.3. Cardiology
5.3.4. Others
5.4. Others (Beauty, Health and Wellbeing)
Chapter 6. Global Cryotherapy Devices (CD) Market, by Geography, 2019 - 2029 (US$ Mn)
6.1. Overview
6.1.1. North America CD Market, 2019 - 2029 (US$ Mn)
6.1.2. North America CD Market, by Type, 2019 - 2029 (US$ Mn)
6.1.3. North America CD Market, by Application, 2019 - 2029 (US$ Mn)
6.1.4. North America CD Market, by Country, 2019 - 2029 (US$ Mn) U.S. Canada
6.2. Europe CD Market, 2019 - 2029 (US$ Mn)
6.2.1. Europe CD Market, by Type, 2019 - 2029 (US$ Mn)
6.2.2. Europe CD Market, by Application, 2019 - 2029 (US$ Mn)
6.2.3. Europe CD Market, by Country/Region, 2019 - 2029 (US$ Mn) U.K. Germany Rest of Europe
6.3. Asia Pacific CD Market, 2019 - 2029 (US$ Mn)
6.3.1. Asia Pacific CD Market, by Type, 2019 - 2029 (US$ Mn)
6.3.2. Asia Pacific CD Market, by Application, 2019 - 2029 (US$ Mn)
6.3.3. Asia Pacific CD Market, by Country/Region, 2019 - 2029 (US$ Mn) China Japan Rest of Asia Pacific
6.4. Latin America CD Market, 2019 - 2029 (US$ Mn)
6.4.1. Latin America CD Market, by Type, 2019 - 2029 (US$ Mn)
6.4.2. Latin America CD Market, by Application, 2019 - 2029 (US$ Mn)
6.4.3. Latin America CD Market, by Country/Region, 2019 - 2029 (US$ Mn) Brazil Mexico Rest of Latin America
6.5. Middle East & Africa CD Market, 2019 - 2029 (US$ Mn)
6.5.1. Middle East & Africa CD Market, by Type, 2019 - 2029 (US$ Mn)
6.5.2. Middle East & Africa CD Market, by Application, 2019 - 2029 (US$ Mn)
6.5.3. Middle East & Africa CD Market, by Region, 2019 - 2029 (US$ Mn) GCC Rest of Middle East & Africa
Chapter 7. Company Profiles
7.1. Medtronic plc
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. US Cryotherapy
7.3. Impact Cryotherapy
7.4. Cryo Innovations
7.5. Cryoconcepts LP
7.6. CooperSurgical, Inc.
7.7. Zimmer MedizinSysteme GmbH
7.8. METRUM CRYOFLEX Sp. z o.o., Sp. k.
7.9. Erbe Elektromedizin GmbH
7.10. Cryoswiss GmbH
7.11. Brymill Cryogenic Systems
7.12. Galil Medical, Inc.

Companies Mentioned

  • US Cryotherapy
  • Impact Cryotherapy
  • Cryo Innovations
  • Medtronic plc
  • Cryoconcepts LP
  • CooperSurgical Inc.
  • Zimmer MedizinSysteme GmbH
  • METRUM CRYOFLEX Sp. z o.o.
  • Sp. k.
  • Erbe Elektromedizin GmbH
  • Cryoswiss GmbH
  • Brymill Cryogenic Systems
  • Galil Medical Inc.