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Global Cryotherapy Market Research Report 2022-2027:
According to the latest report by IMARC Group, titled " Cryotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2 027
," the global cryotherapy market reached a value of US$ 292 Million in 2021.
Cryotherapy, also known as cryogenic therapy, is a non-invasive treatment that uses freezing or nearfreezing temperatures to destroy abnormal skin growth, such as tumors, cancerous cells, and warts. It employs liquid nitrogen, compressed argon gas, and liquid nitrous oxide to achieve the desired cold temperature for cryosurgery and cryoablation. It is widely utilized to treat rheumatoid arthritis, cancer, anxiety, asthma, atopic dermatitis, migraine, and muscle soreness.
It also alleviates pain, promotes faster recovery, and includes shorter hospital stays, smaller incisions, and lower complication risks. Nowadays, cryotherapy is gaining traction among individuals trying to reduce their body weight by boosting metabolism and maintaining high body temperatures.
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The shifting inclination toward non-invasive and minimally invasive (MI) procedures among patients and healthcare professionals represents the primary factor driving the market growth. Besides this, the growing prevalence of chronic diseases, such as cancer and cardiovascular conditions, and the rising incidences of sports injuries have augmented the demand for cryotherapy. In addition, the increasing popularity of whole-body cryotherapy (WBC) for the treatment of various conditions, including malignant and benign tumors and tissue damages or lesions, is another major growth-inducing factor. Furthermore, several key players are introducing innovative cryochambers and cryo-saunas for treating inflammation, rheumatoid arthritis, and chronic pain.
They are also developing thin and supercooled probes and cryoablation needles with helium-free thaw capabilities. Apart from this, the recent developments in cryotherapy techniques and the launch of technologically advanced and affordable cryotherapy devices have accelerated the product adoption rate. Other factors, including the emerging applications of cryotherapy treatment, rising concerns regarding beauty and wellness, improving healthcare infrastructure, and heavy investments in research and development (R&D) activities, are also creating a favorable market outlook.
Looking forward, IMARC Group expects the market value to reach US$ 421.9 Million by 2027, growing at a CAGR of 6.25% during the forecast period (2022-2027).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/cryotherapy-market
Key Market Segmentation
The research report includes the following segments:
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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
• Zimmer MedizinSysteme GmbH
1. What was the size of the global cryotherapy market in 2021?
2. What is the expected growth rate of the global cryotherapy market during 2022-2027?
3. What are the key factors driving the global cryotherapy market?
4. What has been the impact of COVID-19 on the global cryotherapy market?
5. What is the breakup of the global cryotherapy market based on the product?
6. What is the breakup of the global cryotherapy market based on the application?
7. What is the breakup of the global cryotherapy market based on the end user?
8. What are the key regions in the global cryotherapy market?
9. Who are the key players/companies in the global cryotherapy market?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/cryotherapy-market/toc
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