Cryotherapy Market, By Product [Cryosurgery Devices (Cryo Probes, Cryoablation Devices), Localized Cryotherapy Devices, Cryochambers, and Cryosaunas], By Application (Cancer, Cardiovascular Diseases, Dermatologic Disorders, Pain Management, and Others), By End User [Hospitals, Specialty Clinics, and Others (Spas and Fitness Centers)], and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
Cryotherapy is also known as cold treatment or icepack therapy, which is used in eradicating a variety of tissue or nerve lesions and to cure diseases such as cervical cancer, retinoblastoma, skin cancer, and others. In addition, it is also used to relieve and relax body parts due to muscular sprains, tissue damage, and prolonged exercise by providing ice bathes to patients. The freezing temperature causes blood vessels to contract, which reduces the quantity of inflammatory cytokines that can really reach that spot and create severe pain. In cryotherapy treatment, different gases are used such as argon and nitrogen. Liquid nitrogen is directly delivered to the targeted locations using cryoprobes utilized for treating primary tumors and malignancies in cancer. The benefit of cryosurgery includes elements like its less invasive technique and less discomfort, which leads to a quicker recovery with a lower chance of infection transmission. cryotherapy may reduce pain and inflammation, help with mental disorders, support exercise recovery performance and improves joint function.
Market Dynamics
Cryotherapy is used in an effort to relieve muscle pain, sprains and swelling after soft tissue damage or surgery. There are different types of cryochambers, each with different mechanisms of action and uses. The key players in the cryotherapy market are focusing on the development of technologically advanced devices for cryotherapy. Thus, the introduction of such advanced products in the market is expected to drive the growth of the global cryotherapy market over the forecast period. For instance, in September 2021, CA Manufacturing, a specialist provider of whole body cryotherapy equipment, announced the launch of electronically-cooled whole body cryotherapy chambers.
Key features of the study:
This report provides an in-depth analysis of the global cryotherapy market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year. It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global cryotherapy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
The key companies covered as a part of this study include Zimmer MedizinSysteme GmbH, Boston Scientific Corporation, Mectronic Medicale S.r.l., Impact Cryotherapy, C A Manufacturing Sp zoo, Cortex Technology, CooperSurgical Inc., Brymill Cryogenic Systems, Stryker, Cryoswiss GmbH, CryoConcepts LP., Medtronic, METRUM CRYOFLEX Sp. z o.o., CryoBuilt, Inc., Advanced Monitors Corporation, STERIS, DJO, LLC, and Pregna International Limited.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global cryotherapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cryotherapy market