Global Cryotherapy Market Size was valued nearly USD 2.5 billion by 2015 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 9.2% during the forecast period, i.e. 2017-2025.

Global Cryotherapy Market Growth Opportunities (Revenue, Growth) By 2017-2025

Cryotherapy is termed as a use of low temperature in the medical therapy. It is used for treating various malignant & malignant tissues damage that can be termed as lesions. Cryotherapy is widely used for treating muscle pain, sprains, swelling, soft tissue damage, and postoperative swelling. Cryotherapy is considered to be one the most effective treatment for cancer. According to the National Cancer Institute, it is estimated 1,735,350 new cases of cancer will be diagnosed in 2018. Additionally, the rising prevalence of cancer to positively influence the entire market growth. This cryosurgery is the application of extreme cold to destroy abnormal or diseased tissues and ice pack therapy is a treatment to an injured area of the body.

Market Dynamics

Cryotherapy market is estimated to grow at a CAGR of 9.2% from 2017-2025. The market is expected to grow at a faster pace during the forecast period.  The global cryotherapy market is primarily driven by its increasing number of minimally invasive cryosurgery owning to advantages like less pain, fewer scar, and relatively fewer complications. In addition, the rising prevalence of various chronic diseases like cancer, cardio logical disorders would also influence the market growth. Furthermore, an increase in the number of installment base of cryosurgical equipment.

Similarly, increased awareness for the use of cryotherapy for treating conditions like arthritis, rheumatoid conditions also supports the growth of this market. The continuous technological advancements for developing new devices that are used in cryotherapy to also spur the cryotherapy market during the forecast period. However, the stringent government policies, and relative side effects of cryogenic gases to impede the growth of cryotherapy market during the forecast period.

Segment Analysis 

The global cryotherapy market is segmented on the basis of device type, therapy, application and geography. On the basis of the device type, the cryotherapy market is segmented into cryoguns, cryoprobes, gas cylinders, cryo chambers, gas pressure gauges, and thermocouple devices. As these therapies are used in pain management with the help of the gases like carbon dioxide, argon, liquid nitrogen, and dimethyl ether-propane. These gases are used externally with the help of cryoprobes and cryoguns.

Based on the therapy type, the cryotherapy market is segmented into cryosurgery, icepack therapy, and chamber therapy. Cryosurgery holds the major market share-owning to the increasing number of minimally invasive surgery. Cryotherapy is used in the treatment of oncology, cardiology, dermatology, pain management, ophthalmology, and gynecology. Oncology dominated the entire application segment, owing to the increasing number of patients suffering from different types of cancer and rising mortality due to cancer.

Furthermore, the increasing adoption of cryo-therapies for treating the variety of cancer with relatively fewer side effects to also influence the growth of this market. Additionally, use if cryogenic gases for treating cancerous growth would also drive the market  

Regional Analysis

North America dominates the entire cryotherapy market. The growth in the market is majorly driven by the increasing healthcare expenditure of U.S. and Canada. Furthermore, the availability of well-developed cryotherapy products in this region would also influence the market growth during the forecast period.

Global Cryotherapy Market Size, Share Analysis By Region 2017

The Asia Pacific is anticipated to make dominating growth in the forecast period owing to increasing awareness for the use of cryotherapy, and developing healthcare infrastructure would also support the market growth in the Asia Pacific region. Additionally, the reduced cost of this treatment, fewer side effects, and increasing the accessibility of treatment in this region would also spur the market during the forecast period.

Global Cryotherapy Market Study Objective

1. To forecast the market size of cryotherapy market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of cryotherapy market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of cryotherapy market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of cryotherapy market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the cryotherapy market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of cryotherapy market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of cryotherapy market commercially.

Key Players

Major players operating in global Cryotherapy market include CryoConcepts LP, Medtronic plc, Cortex Technologies, CooperSurgical, Inc., Cortex Technologies, Brymill Cryogenic Systems, Galil, Medical, Inc., Mectronic Medicale, S.r.l., Wallach Surgical Device, and Zimmer MedizinSystems.

Global Cryotherapy Market Study Report Offer You!

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