The latest research study “Cryotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global cryotherapy market size reached a value of US$ 292 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 421.9 Million by 2027 exhibiting a CAGR of 6.25% during 2022-2027.
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Cryotherapy represents a non-invasive technique utilized for treating orthopedic injuries and alleviating pain. It involves freezing and removal of abnormal skin growth, such as tags and warts, as well as the treatment of liver, prostate, and cervical cancer. Cryotherapy uses liquid nitrous oxide, liquid nitrogen, compressed argon gas, etc., for cryosurgery and cryoablation. This technique also aids in the treatment of anxiety, asthma, migraine, rheumatoid arthritis, muscle soreness, etc. Cryotherapy has minimal risk of affecting non-targeted areas, promotes faster recovery, and is extensively utilized for the treatment of dermatological, oncological, and cardiological disorders. As a result, it finds widespread applications in hospitals, specialty clinics, cryotherapy centers, spas, fitness centers, etc.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Cryotherapy Market Trends and Drivers:
The escalating prevalence of chronic medical disorders across countries is primarily driving the cryotherapy market. Besides this, the elevating demand for whole-body cryotherapy (WBC) in the treatment of various health conditions, such as malignant and benign tumors, tissue damages or lesions, sports injuries, etc., is further augmenting the market growth.
Apart from this, the expanding technological advancements, including the development of cryo-chambers and cryo-saunas, are also catalyzing the global market. Moreover, the rising improvements in the healthcare sector, along with the increasing research and development (R&D) activities, are acting as significant growth-inducing factors.
Furthermore, the growing requirement for thin and supercooled probes and cryoablation needles with helium-free thaw capabilities is expected to bolster the cryotherapy market in the coming years.
Global Cryotherapy Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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The report has segmented the market on the basis of region, 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
- Pain Management
- Recovery, Health and Beauty
Breakup by End User:
- Hospitals and Specialty Clinics
- Cryotherapy Centers
- Spas and Fitness Centers
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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