According to the latest report by IMARC Group, titled “Global Cryotherapy Market Share, Size, 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.
|Base Year: 2021|
|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.
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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:
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
- 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 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
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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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