The cryotherapy market is projected to grow at a CAGR of 9.1% during the forecast period
The rising incidence of sports injuries, cardiac conditions, and cancers are driving the growth of the market. Increasing demand for minimally invasive procedures, technological advancements in cryotherapy equipment, and the growing popularity in the beauty, wellness, and fitness industries are also supporting the growth of this market. However, the limited access to cryotherapy and lack of awareness about its benefits may restrain the market to a certain extent during the forecast period.
The cryosurgery devices segment is projected to dominate the cryotherapy products market during the forecast period
The cryotherapy products market has been segmented into cryosurgery devices, localized cryotherapy devices, and cryochambers & cryosaunas. The cryosurgery devices segment is further segmented into tissue contact probes, tissue spray probes, and epidermal & subcutaneous cryoablation devices. The cryosurgery devices segment held the largest share of this market in 2018 and is also estimated to grow at the highest CAGR during the forecast period. Cryosurgery is a comparatively simpler procedure compared to laser treatment, with fewer side effects and is more affordable. It is therefore considered to be suited for the treatment of cardiac arrhythmias, ophthalmologic conditions, and various types of cancers, as well as for cosmetic surgeries.
The surgical applications segment held the largest market share in 2018
By application, the cryotherapy market is segmented into surgical applications, pain management, and recovery, health, & beauty applications. The surgical applications segment accounted for the largest share of this market in 2018. The large share of this segment can be attributed to a higher adoption of cryoablation for cancer treatment. Cryoablation is a minimally invasive procedure with few side-effects; these benefits are also driving the adoption of cryotherapy for surgical applications.
The North American cryotherapy market is expected to hold the largest market during the forecast period
Geographically, the cryotherapy market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The North American market is expected to hold the largest share of this market during the forecast period. The growing popularity of cryotherapy, increasing prevalence of cancer & CVDs, and the rising number of sports and physical activity-related injuries are the key factors driving the North American cryotherapy market.
Breakdown of supply-side primary interviews:
- By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
- By Designation: C-level – 39%, Director-level – 28%, and Others – 33%
- By Region: North America - 32%, Europe – 30%, APAC – 25%, and RoW – 13%
The major players in the market include Medtronic (Ireland), Galil Medical (US), and CooperSurgical (US), Impact Cryotherapy (US), Zimmer MedizinSysteme (Germany), Metrum Cryoflex (Poland), Brymill Cryogenic Systems (UK), Erbe Elektromedizin (Germany), CryoConcepts (US), US Cryotherapy (US), Professional Products (US), and Kriosystem Life (Poland).
Research Coverage
This report studies the cryotherapy market based on product, application, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
Key Benefits of Buying the Report
This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the cryotherapy market, and high-growth regions with their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Scope
1.2.2 Markets Covered
1.2.3 Years Considered for the Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
2.2.1 Secondary Data
2.2.1.1 Secondary Sources
2.2.2 Primary Data
2.2.2.1 Primary Sources
2.2.2.2 Key Insights From Primary Sources
2.3 Market Size Estimation Methodology
2.4 Market Data Estimation and Triangulation
2.5 Assumptions of the Study
3 Executive Summary
4 Premium Insights
4.1 Cryotherapy: Market Overview
4.2 Europe: Cryotherapy Market, By Product (2018)
4.3 Market Share, By Application, 2019 vs 2024
4.4 Market Share, By Product, 2019 vs 2024
4.5 Cryotherapy Market Share, By End User, 2019 vs 2024
4.6 Geographical Snapshot of the Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Minimally Invasive/Non-Invasive Procedures
5.2.1.2 Growing Incidence of Sports Injuries, Cancer, and Cardiac Conditions
5.2.1.3 Technological Advancements in Cryotherapy Equipment
5.2.1.4 Growing Popularity in the Beauty, Wellness, and Fitness Industries
5.2.2 Restraints
5.2.2.1 Limited Access to Cryotherapy and Lack of Awareness
5.2.3 Opportunities
5.2.3.1 Growing Focus on Expanding Cryotherapy Applications
5.2.4 Challenges
5.2.4.1 Hazardous Effects of Cryogenic Gases
5.2.4.2 Lack of Evidence for the Efficacy of Whole-Body Cryotherapy
6 Cryotherapy Market, By Product
6.1 Introduction
6.2 Cryosurgery Devices
6.2.1 Tissue Contact Probes
6.2.1.1 Safety and Effectiveness of Tissue Contact Probes have Driven Their Use
6.2.2 Tissue Spray Probes
6.2.2.1 Ability to Treat Surgically Inoperable Tumors is Driving the Use of Spray Probes
6.2.3 Epidermal & Subcutaneous Cryoablation Devices
6.2.3.1 Anesthetic Properties of Epidermal & Subcutaneous Probes are Supporting Market Growth
6.3 Localized Cryotherapy Devices
6.3.1 Simplicity and Ease of Application have Popularized Localized Cryotherapy
6.4 Cryochambers & Cryosaunas
6.4.1 Chambers and Saunas are Widely Used in Sports
7 Cryotherapy Market, By Application
7.1 Introduction
7.2 Surgical Applications
7.2.1 Oncology
7.2.1.1 Increasing Cancer Incidence Will Propel Market Growth
7.2.2 Dermatology
7.2.2.1 The Use of Cryotherapy in Dermatology has Risen in Recent Years
7.2.3 Cardiology
7.2.3.1 Rising Research Into the Use of Cryotherapy and Growing Demand for Cvd Treatment Will Ensure Market Growth
7.2.4 Other Surgical Applications
7.3 Pain Management
7.3.1 Establishment of Cryotherapy Centres for Pain Management Will Contribute to Patient Demand
7.4 Recovery, Health, and Beauty Applications
7.4.1 Advantages of Cryotherapy have Resulted in Its Wide Adoption in These Fields
8 Cryotherapy Market, By End User
8.1 Introduction
8.2 Hospitals & Specialty Clinics
8.2.1 Hospitals & Specialty Clinics are the Major End Users of the Cryotherapy Market
8.3 Cryotherapy Centers
8.3.1 Cryotherapy Centers Offer Cryo Services to Enhance Wellness and Aid Recovery
8.4 Spas & Fitness Centers
8.4.1 Spas & Fitness Centers Offer Cryotherapy Services for Enhancing the Beauty and Overall Wellness of the Body
9 Cryotherapy Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The Growing Popularity of Cryotherapy Among Fitness & Beauty Enthusiasts is Driving the Market for Cryotherapy in the US
9.2.2 Canada
9.2.2.1 High Burden of Cardiovascular Diseases to Drive the Demand for Cryosurgery
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany to Register the Highest Growth in the European Cryotherapy Market During the Forecast Period
9.3.2 Poland
9.3.2.1 Increasing Research Studies on Cryotherapy to Support Market Growth
9.3.3 UK
9.3.3.1 Increasing Prevalence of Cancer & Arthritis to Drive Market Growth
9.3.4 Rest of Europe (RoE)
9.4 Asia Pacific
9.4.1 Large Patient Population of Cancer and Cardiac Diseases
9.5 Rest of the World (RoW)
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Scenario
10.4.1 Product Launches
10.4.2 Product Launches & Deployments
10.4.3 Partnerships and Collaborations
11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Medtronic
11.2 Impact Cryotherapy
11.3 Zimmer Medizinsysteme
11.4 Metrum Cryoflex
11.5 Brymill Cryogenic Systems
11.6 Galil Medical (A Subsidiary of Btg PLC)
11.7 Coopersurgical (A Subsidiary of the Cooper Companies)
11.8 Cryoconcepts Lp
11.9 Kriosystem Life
11.10 US Cryotherapy
11.11 Professional Products
11.12 Erbe Elektromedizin
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Publisher's Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables
Table 1 Technologically Advanced Product Launches in Cryotherapy Equipment
Table 2 Cryotherapy Market, By Product, 2017–2024 (USD Million)
Table 3 Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 4 Cryosurgery Devices Market, By Region, 2017–2024 (USD Million)
Table 5 Tissue Contact Probes Market, By Region, 2017–2024 (USD Million)
Table 6 Tissue Spray Probes Market, By Region, 2017–2024 (USD Million)
Table 7 Epidermal and Subcutaneous Cryoablation Devices Market, By Region, 2017–2024 (USD Million)
Table 8 Localized Cryotherapy Devices Market, By Region, 2017–2024 (USD Million)
Table 9 Cryochambers & Cryosaunas Market, By Region, 2017–2024 (USD Million)
Table 10 Cryotherapy Market, By Application, 2017–2024 (USD Million)
Table 11 Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 12 Market for Surgical Applications, By Region, 2017–2024 (USD Million)
Table 13 Market for Oncology, By Region, 2017–2024 (USD Million)
Table 14 Cryotherapy Market for Dermatology, By Region, 2017–2024 (USD Million)
Table 15 Market for Cardiology, By Region, 2017–2024 (USD Million)
Table 16 Market for Other Surgical Applications, By Region, 2017–2024 (USD Million)
Table 17 Market for Pain Management, By Region, 2017–2024 (USD Million)
Table 18 Market for Recovery, Health, & Beauty Applications, By Region, 2017–2024 (USD Million)
Table 19 Cryotherapy Market, By End User, 2017–2024 (USD Million)
Table 20 Market for Hospitals & Specialty Clinics, By Region, 2017–2024 (USD Million)
Table 21 Cryotherapy Centers Market, By Region, 2017–2024 (USD Million)
Table 22 Market for Spas & Fitness Centers, By Region, 2017–2024 (USD Million)
Table 23 Cryotherapy Market, By Region, 2017–2024 (USD Million)
Table 24 North America: Market, By Country, 2017–2024 (USD Million)
Table 25 North America: Market, By Product, 2017–2024 (USD Million)
Table 26 North America: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 27 North America: Market, By Application, 2017–2024 (USD Million)
Table 28 North America: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 29 North America: Market, By End User, 2017–2024 (USD Million)
Table 30 US: Market, By Product, 2017–2024 (USD Million)
Table 31 US: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 32 US: Market, By Application, 2017–2024 (USD Million)
Table 33 US: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 34 US: Market, By End User, 2017–2024 (USD Million)
Table 35 Canada: Cryotherapy Market, By Product, 2017–2024 (USD Million)
Table 36 Canada: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 37 Canada: Market, By Application, 2017–2024 (USD Million)
Table 38 Canada: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 39 Canada: Cryotherapy Market, By End User, 2017–2024 (USD Million)
Table 40 Europe: Market, By Country, 2017–2024 (USD Million)
Table 41 Europe: Market, By Product, 2017–2024 (USD Million)
Table 42 Europe: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 43 Europe: Market, By Application, 2017–2024 (USD Million)
Table 44 Europe: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 45 Europe: Cryotherapy Market, By End User, 2017–2024 (USD Million)
Table 46 Germany: Market, By Product, 2017–2024 (USD Million)
Table 47 Germany: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 48 Germany: Market, By Application, 2017–2024 (USD Million)
Table 49 Germany: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 50 Germany: Market, By End User, 2017–2024 (USD Million)
Table 51 Poland: Market, By Product, 2017–2024 (USD Million)
Table 52 Poland: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 53 Poland: Market, By Application, 2017–2024 (USD Million)
Table 54 Poland: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 55 Poland: Cryotherapy Market, By End User, 2017–2024 (USD Million)
Table 56 UK: Market, By Product, 2017–2024 (USD Million)
Table 57 UK: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 58 UK: Market, By Application, 2017–2024 (USD Million)
Table 59 UK: Cryotherapy Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 60 UK: Market, By End User, 2017–2024 (USD Million)
Table 61 RoE: Cryotherapy Market, By Product, 2017–2024 (USD Million)
Table 62 RoE: Market, By Type, 2017–2024 (USD Million)
Table 63 RoE: Market, By Application, 2017–2024 (USD Million)
Table 64 RoE: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 65 RoE: Market, By End User, 2017–2024 (USD Million)
Table 66 Asia Pacific: Market, By Product, 2017–2024 (USD Million)
Table 67 APAC: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 68 APAC: Cryotherapy Market, By Application, 2017–2024 (USD Million)
Table 69 APAC: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 70 APAC: Market, By End User, 2017–2024 (USD Million)
Table 71 RoW: Market, By Product, 2017–2024 (USD Million)
Table 72 RoW: Cryosurgery Devices Market, By Type, 2017–2024 (USD Million)
Table 73 RoW: Market, By Application, 2017–2024 (USD Million)
Table 74 RoW: Market for Surgical Applications, By Type, 2017–2024 (USD Million)
Table 75 RoW: Cryotherapy Market, By End User, 2017–2024 (USD Million)
Table 76 Product Approvals (2016–2019)
Table 77 Product Launches & Deployments (2016–2019)
Table 78 Partnerships and Collaborations (2016–2019)
List of Figures
Figure 1 Research Methodology: Cryotherapy Market
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Cryotherapy Market Share, By Product, 2018
Figure 8 Market, By Application, 2019 vs 2024 (USD Million)
Figure 9 Market, By End User, 2019 vs 2024 (USD Million)
Figure 10 Geographical Snapshot of the Market
Figure 11 Increasing Prevalence of Cancer & Cardiac Conditions to Drive Market Growth
Figure 12 Cryosurgery Devices Accounted for the Largest Share of the European Cryotherapy Market in 2018
Figure 13 Surgical Applications Will Continue to Dominate the Market in 2024
Figure 14 Cryosurgery Devices Segment to Account for the Largest Market Share in 2019
Figure 15 Hospitals & Specialty Clinics are the Largest End User of the Market
Figure 16 APAC to Register the Highest Growth in the Forecast Period (2019–2024)
Figure 17 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Cryosurgery Devices to Command the Largest Share of the Global Cryotherapy Market in 2018
Figure 19 Epidermal & Subcutaneous Cryoablation Devices to Register the Highest Growth Rate in the Forecast Period
Figure 20 Surgical Applications Segment to Register the Highest Growth in the Forecast Period
Figure 21 Oncology Will Command the Largest Share of the Global Market for Surgical Applications in 2018
Figure 22 Hospitals & Specialty Clinics Segment Will Continue to Dominate the Cryotherapy Market in 2024
Figure 23 North America Dominates the Cryotherapy Market During the Study Period
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Asia Pacific: Market Snapshot
Figure 27 RoW: Market Snapshot
Figure 28 Key Developments in the Cryotherapy Market, 2016-2019
Figure 29 Market Ranking, 2018
Figure 30 Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Medtronic: Company Snapshot (2018)
Executive Summary
Companies Mentioned
- Brymill Cryogenic Systems
- Coopersurgical (A Subsidiary of the Cooper Companies)
- Cryoconcepts Lp
- Erbe Elektromedizin
- Galil Medical (A Subsidiary of Btg PLC)
- Impact Cryotherapy
- Kriosystem Life
- Medtronic
- Metrum Cryoflex
- Professional Products
- US Cryotherapy
- Zimmer Medizinsysteme
Methodology
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