Global Cryotherapy Ablation Device Market Growth 2025-2031

The global Cryotherapy Ablation Device market size is predicted to grow from US$ 422 million in 2025 to US$ 1715 million in 2031; it is expected to grow at a CAGR of 26.3% from 2025 to 2031.

Cryoablation is a procedure that uses extremely cold gas to freeze and destroy abnormal cells or diseased tissue. It's often used for skin disorders and cancer. Also called cryotherapy or cryosurgery, the procedure is usually safer and less invasive than surgery to cut out diseased tissue.

Boston Scientific and Siemens are the top two manufacturers of cryotherapy ablation device globally and account for over 70% of global market share in total. Geographically speaking, North America holds about 30% of global market share, followed by Europe with about 25% share. In terms of type, joule-thomson throttling refrigeration segment holds an important share of about 80%. In terms of application, prostate cancer holds over 25% of total market share.

Cryotherapy ablation device is a medical device used to treat cancer and arrhythmias that uses extremely cold fluids (such as liquid nitrogen, argon, nitrous oxide, or carbon dioxide) to freeze and destroy abnormal cells or diseased tissue. The cryotherapy ablation device market is expected to continue to grow as the prevalence of cancer and arrhythmias, the demand for minimally invasive surgery, the advantages of cryoablation technology are more widely recognized, and physicians adopt cryoablation devices more.

In terms of technology, cryotherapy ablation device can be divided into two types: phase change cooling and Joule-Thomson throttling cooling. Application areas include kidney cancer, lung cancer, prostate cancer, liver cancer, breast cancer, etc. Major players in the market include companies such as Icecure Medical, Boston Scientific, Metrum Cryoflex, Siemens, Hygea Beijing, AccuTarget MediPharma, and Sanarus Medical.

Overall, the cryotherapy ablation device market benefits from technological advancements, an aging population, an increase in the demand for minimally invasive surgery, and a rising prevalence of cancer and arrhythmias. With the continuous advancement of technology and the continuous development of the market, the cryotherapy ablation device industry is expected to achieve more efficient and safer treatment methods.

LP Information, Inc. (LPI) ' newest research report, the “Cryotherapy Ablation Device Industry Forecast” looks at past sales and reviews total world Cryotherapy Ablation Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Cryotherapy Ablation Device sales for 2025 through 2031. With Cryotherapy Ablation Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cryotherapy Ablation Device industry.

This Insight Report provides a comprehensive analysis of the global Cryotherapy Ablation Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cryotherapy Ablation Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cryotherapy Ablation Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cryotherapy Ablation Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cryotherapy Ablation Device.

This report presents a comprehensive overview, market shares, and growth opportunities of Cryotherapy Ablation Device market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Phase Change Refrigeration
Joule-Thomson Throttling Refrigeration

Segmentation by Application:
Pharmacy
Kidney Cancer
Lung Cancer
Prostate Cancer
Liver Cancer
Breast Cancer
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Icecure Medical
Boston Scientific
Metrum Cryoflex
Siemens
Hygea Beijing
AccuTarget MediPharma
Sanarus Medical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cryotherapy Ablation Device market?

What factors are driving Cryotherapy Ablation Device market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cryotherapy Ablation Device market opportunities vary by end market size?

How does Cryotherapy Ablation Device break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.