The global demand for Cryotherapy Market is presumed to reach the market size of nearly USD 12.83 BN by 2028 from USD 7.39 BN in 2021 with a CAGR of 8.2% under the study period 2022 - 2028.
Cryotherapy is also referred to as cold treatment or icepack therapy. It is a minimally invasive method which uses extreme cold to freeze and destroy the infected tissues or cells. It uses liquid nitrogen, nitrogen oxide and compressed argon gas for cryoablation and cryosurgery. This therapy can be used on specific areas or the entire body. It mainly treats malignant diseases such as prostate cancer and chronic pain. It also helps treat rheumatoid arthritis, anxiety, asthma, migraine and muscle aches. It is often preferred by people trying to lose weight by increasing their metabolism and maintaining a high body temperature.
Market Dynamics
The increasing demand for minimally invasive surgeries and procedures to treat cancer, skin diseases, tissue damage, and body pain is projected to increase demand for cryotherapy over the coming years. Moreover, the rise in the adoption of cryotherapy procedures for beauty treatment drives the global market. The increase in cases of sports injuries, cancer, and cardiac conditions boosts market growth. Furthermore, increased research & development investment propel the market growth. However, a lack of awareness about the benefits of cryotherapy may hinder the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cryotherapy. The growth and trends of cryotherapy industry provide a holistic approach to this study.
Market Segmentation
This section of the cryotherapy market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Therapy Type
- Cryosurgery
- Icepack Therapy
- Chamber Therapy
By Device Type
- Cryogun
- Cryo Probes (Tissue Contact Probes, Tissue Spray Probes)
- Gas Cylinders
- Localized Cryotherapy Devices
- Cryochambers & Cryosaunas
- Other Device Types
By Application
- Surgical Applications (Oncology, Cardiology, Dermatology, Others)
- Pain Management
- Beauty And Wellness
- Fitness
- Cold Storage
- Other
By End-Use
- Hospitals & Specialty Clinics
- Cryotherapy Centers
- Spas & Fitness Centers
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cryotherapy market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cryotherapy Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cryotherapy market include Brymill Cryogenic Systems, Metrum Cryoflex, CryoConcepts LP, Medtronic, Cortex Technology, Medtronic Medicale S.r.l., Cryoalfa, Wallach Surgical Devices, Zimmer Medizin Systeme GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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