Market Industry Reports (MIR) has published a new report titled “CryotherapyMarket – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global cryotherapymarket 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 tothe increasingadoption 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, andrheumatoid conditions are some of the key factors thatwillboostmarketgrowth.Moreover, the increasing popularity of beauty, fitness, and wellness industries will also propel marketgrowth.
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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
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, Modality, Cancer Type, End-Users and region.
Localized Cryotherapy Devices, Cryosurgery Devices, and Cryochambers & Cryosaunas
Pain Management, Surgical Applications, and Recovery, Health, &Beauty Applications
Hospitals & Specialty Clinics, Spas & Fitness Centers, and Cryotherapy Centers
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- 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
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