Global Cryotherapy Market, by Product Type (Cryosurgery Devices (Cryo Probes and Cryoablation Devices), Localized Cryotherapy Devices, and Cryochambers & Cryosaunas), by Application (Cancer, Cardiovascular Diseases, Dermatologic Disorders, Pain Management, and Others), by End User (Hospitals & Specialty Clinics, Cryotherapy Clinics, and Spas & Fitness Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 246.8 Mn in 2021 and is expected to exhibit a CAGR of 9.0% during the forecast period (2022-2028), as highlighted in a new report published by Coherent Market Insights.
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Whole-body cryotherapy is another form of cryotherapy, which doesn’t involve sweating. Because the procedure is dry and non-invasive, patients can schedule a session before or after work. They can also schedule the session during their lunch break. While the procedure is uncomfortable, patients should note that the cold temperature of the chamber makes the treatment safe. The body’s temperature will return to normal within minutes, and muscle pain should disappear as the treatment is complete.
Whole-body cryotherapy may prevent Alzheimer’s and other forms of dementia. Cryotherapy’s anti-inflammatory effects may also combat inflammatory and oxidative stress responses. People suffering from chronic inflammatory skin conditions, such as eczema, may benefit from the treatment as well. The anti-inflammatory effects of cryotherapy have also been shown to decrease inflammation in rats. More research is needed to determine how cryotherapy benefits humans.
Growing technological development in cryotherapy devices is expected to propel the growth of cryotherapy market during the forecast period. For instance, in June 2021, Zimmer MedizinSystems a U.S. based medical devices company, introduced localized Cryo 6 a localized cryotherapy device. It targets areas that may be inflamed due to conditions related to aging, sports injuries, athletic workouts, and others. The device has transitional change from nitrogen-based technology to All-Natural Z Cryo for localized treatment. The device takes in regular room air and chills it to temperatures as low as -30°C (-22°F). Cryo 6 decreases the skin temperature quicker, with a lower risk of skin burns and keeps a constant dosage throughout the entire treatment.
In addition, the increasing launch of new cryotherapy devices is expected to drive the market growth during the forecast period. For instance, in January 2019, Quantum Cryogenics, a Devon-based cryogenic control company, launched a whole body cryotherapy chamber as part of its new Quantum Cryotherapy venture. The whole body cryotherapy plunges includes subjecting the whole human body to around -130 degrees Celsius for up to three minutes.
Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. Due to the COVID-19 pandemic, governments across the globe announced country-wide lockdowns as well as social distancing measures to prevent collapse of the healthcare system.
In addition, delivering of essential healthcare services for cancer patients during the initial phase of the pandemic was challenging given the competing risks of death from cancer or serious complications from SARS-CoV-2. The initial phase of the pandemic was marked by various lockdown measures which restricted the visiting of cancer patients to hospitals which eventually hampered the market growth.
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Major players operating in the global cryotherapy market include Zimmer MedizinSystems, Boston Scientific Corporation, Mectronic Medicale S.r.l., Impact Cryotherapy, CryoAction Limited, Cortex Technology, CooperSurgical Inc., Brymill Cryogenic Systems, Stryker, Cryoalfa, CryoConcepts LP, Medtronic PLC., Metrum Cryoflex, and CryoBuilt, Inc.
Reasons to buy this Cryotherapy Market Report
◘ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Cryotherapy Market
◘ Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Cryotherapy Market
◘ Leading company profiles reveal details of key Cryotherapy Market players emerging five operations and financial performance
◘ Add weight to presentations and pitches by understanding the future growth prospects of the emerging Cryotherapy Market with five year historical forecasts
◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Cryotherapy Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Cryotherapy Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cryotherapy Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Cryotherapy Industry Impact
Chapter 2 Global Cryotherapy Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cryotherapy (Volume and Value) by Type
2.3 Global Cryotherapy (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Cryotherapy Sales, Consumption, Export, Import by Regions
Chapter 5 North America Cryotherapy Market Analysis
Chapter 6 East Asia Cryotherapy Market Analysis
Chapter 7 Europe Cryotherapy Market Analysis
Chapter 8 South Asia Cryotherapy Market Analysis
Chapter 9 Southeast Asia Cryotherapy Market Analysis
Chapter 10 Middle East Cryotherapy Market Analysis
Chapter 11 Africa Cryotherapy Market Analysis
Chapter 12 Oceania Cryotherapy Market Analysis
Chapter 13 South America Cryotherapy Market Analysis
Chapter 14 Company Profiles and Key Figures in Cryotherapy Business
Chapter 15 Global Cryotherapy Market Forecast (2022-2028)
Chapter 16 Conclusions
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