Cryotherapy is a practice of general or local use of lower temperatures to relive from minor aches, pains and trauma (Whole Body Cryotherapy). Liquid nitrogen, CO2, argon, and dimethyl ether (DME) – propane are mainly used in cryotherapy. In cryotherapy the gases are used with the help of a cotton swab or spray and through cryo probes in surgeries where gas is applied to the intended cells. An MRI or ultrasound device is used to trace the tumour and to monitor the procedure. Cryotherapy is generally used to treat varied malignant and benign tissue damages. The objective of using cryotherapy is to decrease cell growth, inflammation, pain, spasm and to promote vasoconstriction. Cryosurgery, a method of cryotherapy uses extreme cold to kill abnormal or diseased cells there by promotes the healing process.
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Global cryotherapy market is driven by growing demand for cryotherapy in treating several types of cancers and musculoskeletal conditions, such as rheumatic arthritis, and fibromyalgia, is the major factor anticipated to support the cryotherapy market growth. In addition, increasing application of this procedure in dermatology for beauty treatments is expected to boost the cryotherapy market over the forecast period. Increasing demand for minimally invasive procedures and the rising prevalence of skin, cervical, prostate, and other cancers are expected to propel the demand for cryotherapy. Cryosurgery provides various advantages over conventional surgery such as fewer scars, less pain and minimal complications, and shorter hospital stay. According to the National Cancer Institute in the U.S., in 2013, around 14.1 Mn people were suffering from various cancers. It is believed that in 2016, more than 168,000 newer cancer cases will be diagnosed in the U.S. Also, in 2013, over 17,600 men in the U.S. were diagnosed with prostate cancer and it is estimated that this number will grow in the near future. As a result of these cancer cases the cryotherapy market is expected to experience an upsurge. However, lack of skilled professionals, cost associated with the treatment and dearth of infrastructure in the developing regions expected to hamper the cryotherapy market growth over the forecast period.
Cryotherapy market is undergoing market changes due to the higher competition among players and companies coming up with newer technologies and advanced products for Cryotherapy application in the market place. By therapy type, sub segment such as cryosurgery in the cryotherapy market are expected to grow in positive traction owing to its wider application and effectiveness in treating various ailments.
Geographically, cryosurgery market is segmented into regions viz. North America, Latin America, Europe, Asia Pacific and Japan, Middle East and Africa. North America and Europe region is projected to maintain its lions share over the forecast period. Advanced healthcare infrastructure and availability of newer technologies and skilled manpower is expected to propel the demand for cryotherapy during the forecast period in the above mentioned region. Asia Pacific region is expected to be the fastest growing regional market. Growing healthcare facilities and awareness in the emerging countries like India and China is mainly generating the demand for cryotherapy products in the region.
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The players in cryosurgery market include CryoConcepts LP, Brymill Cryogenic Systems, CORTEX TECHNOLOGY, Metrum Cryoflex, CooperSurgical, Inc., CORTEX TECHNOLOGY, Cryoalú, Zimmer MedizinSystems, Erbe Elektromedizin GmbH to name a few.
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