Cryotherapy Market Size, Industry Share, Trends, Growth, Report, Analysis and Forecast by 2022-2027
According to the latest report by IMARC Group, titled "Global Cryotherapy Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global cryotherapy market 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.
Cryotherapy
refers to a non-invasive technique that is utilized for alleviating pain and
treating orthopedic injuries. It involves freezing and eliminating abnormal
skin growth, including warts and tags, and localized tumors to treat prostate,
cervical, and liver cancer. Cryotherapy uses liquid nitrogen, liquid nitrous
oxide, and compressed argon gas for cryoablation and cryosurgery. It assists in
treating rheumatoid arthritis, anxiety, asthma, migraine, muscle soreness, etc.
Cryotherapy is also preferred by individuals trying to lower their body weight
by boosting metabolism and maintaining high body temperatures. Compared with
the traditionally utilized therapeutic procedures, it helps in promoting faster
recovery and minimizing the risks of affecting non-targeted areas.
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Report
Metric |
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Historical:
2016-2021 |
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Base Year:
2021 |
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Forecast
Year: 2022-2027 |
Cryotherapy Market
Trends and Drivers:
The rising
prevalence of chronic medical disorders across the globe is one of the key
factors driving the cryotherapy market. Besides this, the increasing adoption
of Whole-Body Cryotherapy (WBC) to treat malignant and benign tumors, tissue
damage, sports injuries, etc., is further propelling the market growth.
Additionally,
the shifting preferences towards non-invasive therapeutic procedures among
patients and healthcare providers are also catalyzing the global market.
Furthermore, continuous technological advancements, such as the development of
cryo-chambers and cryo-saunas for the treatment of inflammation, rheumatoid
arthritis, chronic pain, etc., are positively influencing the market growth.
Apart from
this, the expanding usage of thin and supercooled probes and cryoablation
needles with helium-free thaw capabilities is projected to bolster the
cryotherapy market over the forecasted period.
Note: We are
regularly tracking the direct effect of COVID-19 on the market, along with the
indirect influence of associated industries. These observations will be
integrated into the report.
Global Cryotherapy
Market 2022-2027 Analysis and Segmentation:
Competitive
Landscape:
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.
The report
has segmented the market on the basis of region, product, application and end
user.
Breakup by Product:
- Cryosurgery Devices
o
Tissue Contact Probes
o
Tissue Spray Probes
o
Epidermal and Subcutaneous Cryoablation Devices
- Localized Cryotherapy Devices
- Cryochambers
and Cryosaunas
Breakup by
Application:
- Surgical Applications
o
Oncology
o
Cardiology
o
Dermatology
o
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
Ask Analyst
for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/cryotherapy-market
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latest primary and secondary data (2022-2027) with Cost Module, Business
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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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