Cryotherapy market accounted for US$ 196 million in 2019. It is anticipated to grow at a CAGR of approximately 8.9% from 2019 to 2030.
This significant market growth can be attributed to the increasing adoption of minimally invasive surgical procedures resulting in fewer scars, less pain, and fewer complications. Also, rising incidences of sports injuries, cardiac diseases & cancers, arthritis, malignant & benign tissue damage, and rheumatoid conditions are some of the key factors that will boost market growth. Moreover, the increasing popularity of beauty, fitness, and wellness industries will also propel market growth.
Major Key Players of the Cryotherapy Market are:
Medtronic Plc, Galil Medical, Cooper SurgicalInc, Zimmer Medizin System GmbH, METRUM CRYOFLEX, Brymill Cryogenic Systems, ErbeElektromedizin GmbH, CryoConcepts, US CRYOTHERAPY, Kriosystem-Care and others.
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Various technological innovations &advancements in cryotherapy equipment, including cryosurgery units and accessories, will further contribute to market growth. Cryotherapy is widely used in the treatment of inflammation, rheumatoid arthritis, and pain management, as well as general beauty & wellness therapies. Additionally, the increasing demand for minimally invasive therapies is generating immense opportunitiesfor market growth globally. Moreover, rising cases of skin diseases, as well as tumors within the liver, kidneys, bones, lungs, breasts,and others, are the major factors that willfurther drive growth of the cryotherapy market.
The growing popularity of cryotherapy in treating various types of cancers and musculoskeletal conditions, such as rheumatic conditions, arthritis, and fibromyalgia, is another major factor that will facilitate market growth. The growing popularity of this procedure in dermatology for beauty treatments will alsoboost the cryotherapy market.
The Cryotherapy Market is segmented on the basis of Product, Application and region.
Major Prodcut of Cryotherapy Market covered are:
- Localized Cryotherapy Devices
- Cryosurgery Devices
- Cryochambers & Cryosaunas
Major Applications of Cryotherapy Market covered are:
- Pain Management
- Surgical Applications, and Recovery
- Health, &Beauty Applications
Cryotherapy remains limited to very few geographic regions. The extent of cryotherapy practices is majorly limited to North America and Europe, with few other countries like Japan, China, and Australia witnessing advances in this field, mainly due to lack of awareness. This therapy is safe, lesspainful and highly recommended as compared to invasive surgical treatments. Moreover, the lack of accessibility to advanced cryotherapy procedures in emerging countries may hinder the market growth during the forecast timeframe.
Research objectives:-
– To study and analyze the global Cryotherapy consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Cryotherapy market by identifying its various sub-segments.
– Focuses on the key global Cryotherapy manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Cryotherapy with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL CRYOTHERAPY MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Localized Cryotherapy Devices
- Cryosurgery Devices
- Cryochambers & Cryosaunas
- GLOBAL CRYOTHERAPY MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Pain Management
- Surgical Applications
- Recovery, Health, and Beauty Applications
- GLOBAL CRYOTHERAPY MARKET – ANALYSIS &FORECAST, BY END USER
- Hospitals &Specialty Clinics
- Spas & Fitness Centers
- Cryotherapy Centers
- GLOBAL CRYOTHERAPY MARKET – ANALYSIS & FORECAST, BY REGION
- North AmericaCryotherapy Market
- Europe Cryotherapy Market
- Asia Pacific Cryotherapy Market
- Rest of the World (ROW)Cryotherapy Market
- COMPETITIVE LANDSCAPE
- Key Players & Their Competitive Positioning (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Medtronic Plc
- Galil Medical
- CooperSurgical Inc
- Zimmer MedizinSysteme GmbH
- METRUM CRYOFLEX
- Brymill Cryogenic Systems
- Erbe Elektromedizin GmbH
- CryoConcepts
- US CRYOTHERAPY
- Kriosystem-Care *Financial details might not be captured in case of privately-held companies or forcompanies that do not report this information in public domain
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In the end, Cryotherapy industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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