Cryotherapy Industry Overview:
Global cryotherapy market is expected to grow from USD 206 million in 2019 to USD 319 million by 2024, at a CAGR of 9.1% during the forecast period. Rising rates of sports injuries, heart disease and cancer, along with growing demand for minimally invasive procedures, are key drivers for the cryotherapy market. Technological advances in cryotherapy equipment and growing popularity in the beauty, wellness and fitness industries are also supporting the growth of this market.
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Cryotherapy has become an important treatment option, mainly due to the various technological innovations and advancements in cryotherapy equipment over the years. Developments have been observed in various equipment, including cryosurgery units and accessories.
Cryosurgery devices are estimated to account for the largest share of the cryotherapy product market
The cryotherapy market is segmented on the basis of products into cryosurgery devices, localized cryotherapy devices, and cryochambers cryosaunas. The cryosurgery devices segment is further divided into tissue contact probes, tissue spray probes, and epidermal subcutaneous cryoablation devices. The cryosurgery devices segment held the largest share of the cryotherapy market
Hospitals specialty clinics are the primary end users of the global cryotherapy market
The market is segmented into hospitals specialty clinics, cryotherapy centers, and spas fitness centers on the basis of end users. The hospitals specialty clinics segment estimated to command the largest share of the market
The APAC cryotherapy market to grow at the highest CAGR during the forecast period
Asia Pacific region is expected to register the highest CAGR during the forecast period. The high growth in this region can be attributed to the booming medical tourism in the region
Some prominent players in the global Cryotherapy market Include:
The major players operating in the cryotherapy market include Medtronic (Ireland), Galil Medical (US), and CooperSurgical (US). Other players involved in this market include Impact Cryotherapy (US), Zimmer MedizinSysteme (Germany), Metrum Cryoflex (Poland), Brymill Cryogenic Systems (UK), Erbe Elektromedizin (Germany), CryoConcepts (US), US Cryotherapy (US), Professional Products (US), and Kriosystem Life (Poland).
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Cryotherapy Market Segmentation
This research report categorizes the cryotherapy market based on product, application, end user, and region.
On the basis of Product, the Cryotherapy market has been segmented as follows:
- Cryosurgery Devices
- Tissue Contact Probes
- Tissue Spray Probes
- Epidermal and Subcutaneous Cryoablation Devices
- Localized Cryotherapy Devices
- Cryochambers Cryosaunas
On the basis of Application, the Cryotherapy market has been segmented as follows:
- Surgical Applications
- Oncology
- Cardiology
- Dermatology
- Other Surgical Applications
- Pain Management
- Recovery, Health, and Beauty
On the basis of End user, the Cryotherapy market has been segmented as follows:
- Hospitals Specialty Clinics
- Cryotherapy Centers
- Spas Fitness Centers
On the basis of Region, the Cryotherapy market has been segmented as follows:
- North America
- US
- Canada
- Europe
- Germany
- Poland
- UK
- RoE
- Asia Pacific
- Rest of the World
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