Cryotherapy, also called cold treatment or icepack therapy, is a treatment method for a number of conditions, including cancers of the skin, cervix, ovaries, and testicles. In addition, ice baths are given to patients to help them recover from muscle strains, tissue damage, and overexertion. Blood vessels constrict in response to cold, reducing the delivery of inflammatory cytokines responsible for the pain. Cryotherapy makes use of a variety of gases, including argon and nitrogen. Cryoprobes are used to precisely direct liquid nitrogen to the sites of primary tumors and secondary cancerous growths for effective treatment. Cryosurgery’s benefits include a shorter recovery time and a reduced risk of infection due to the procedure’s less invasive nature.
The worldwide cryotherapy market is predicted to reach a value of $246.8 Mn in 2021, expanding at a CAGR of 9.0% from 2016 to 2021. (2021-2028).
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Cryotherapy market growth is expected to be fueled by rising product launches and the availability of affordable cryotherapy devices in the coming years
The expansion of the market is anticipated to be fueled by the introduction of new products, the decreasing price of cryotherapy equipment, and the growing popularity of this treatment method. Whole body cryotherapy chamber manufacturer CryoBuilt, Inc., for instance, released their cutting-edge EVEREST product line in May of 2020. For safe cooling, EVEREST chambers use cold air that has recently been oxygenated. The EVEREST series of chambers from CryoBuilt, Inc. come equipped with the CryoBrain app, which allows for complete system control.
Cryotherapy market growth is expected to be fueled in large part by increasing collaboration activities among key market players over the forecast period
The forecast period should see the market grow thanks to the efforts of key players to form partnerships. By way of illustration, in May of this year, the American-Irish medical device manufacturer Medtronic Plc formed a partnership with the Dutch healthcare technology firm Koninklijke Philips N.V. of Amsterdam. Cryoablation could benefit from this partnership because it will likely lead to the development of a comprehensive, cutting-edge image guidance solution. This procedure is intended for the more complex treatment of paroxysmal atrial fibrillation, a common heart rhythm disorder. Cryotherapy market expansion is anticipated to be boosted by such business expansion strategies adopted by leading market players.
Global Cryotherapy Market– Impact of Coronavirus (COVID-19) Pandemic
There was a disastrous impact on global population estimates due to severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which caused coronavirus disease (COVID-19) and killed more than 3.8 million people. Many countries’ governments imposed strict limits on the types of elective surgeries that could be performed in hospitals.
Cryotherapy device demand was dampened by these regulations. Manufacturers of cryotherapy equipment faced challenges like shifting consumer habits, lower demand, new buying habits, and redirected supply chains as a result of these regulations. As a result, the cryotherapy industry was stunted by all of these factors.
Global Cryotherapy Market: Restraint
The market is being held back in large part by the negative effects that cryogenic gases inevitably bring with them. Cryotherapy is a treatment that uses a mixture of gases, some of which are harmful to health, including nitrogen, neon, helium, hydrogen, argon, liquefied natural gases and methane. Allergic reactions to the skin can be caused by cryogenic liquids and the cold vapors or gases that accompany them. Extreme cold or prolonged contact with cold surfaces can cause frostbite, which leaves skin looking waxy yellow. Methane, carbon monoxide, liquefied natural gas and hydrogen are all gases that can cause fire or explosion if they expand too quickly. As a result, cryotherapy market expansion is likely to be stymied by worries about the safety of the gases employed.
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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. are just some of the major players in the global cryotherapy marsket.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cryotherapy Market Size Analysis from 2023 to 2030
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 (2017-2023)
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 (2023-2030)
Chapter 16 Conclusions
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