Market Overview:
The global cryogenic surgical equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. Based on type, the global cryogenic surgical equipment market is segmented into handheld type, countertop type, and other types. The handheld type segment is expected to account for the largest share of the global cryogenic surgical equipment market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to its low cost and easy portability compared with other types of cryogenic surgical equipment. Based on application, the global cryogenic surgical equipment market is divided into dermatology, ophthalmology, gynecology, neurosurgery, and other applications segments. The neurosurgery application segment accounted for the largest share of this market in 2017 and it is projected that this trend will continue duringthe forecast period from2018to2030 owingto theregion’s high prevalenceof neurological disorders such as strokeand Alzheimer’sdisease .
Product Definition:
Cryogenic surgical equipment is used to keep tissue or organs cold during surgery. This type of equipment is important because it helps to reduce the risk of tissue damage.
Handheld Type:
Handheld type is a category of cryogenic surgical equipment that includes devices such as forceps, graspers, auxiliary instruments, and others. The handheld type segment is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing demand for minimally invasive surgeries (MIS), technological advancements in cryogenics coupled with growing R&D activities.
Countertop Type:
The global countertop type is expected to witness significant growth over the forecast period. The primary factor responsible for this growth is its increasing demand in cryogenic surgical equipment. Cryosurgery has been gaining popularity due to various advantages such as minimal invasiveness, reduced recovery time, and less damage to the tissues than open surgery. In addition, it also helps in treating cancer which cannot be treated through open surgeries or biopsy procedures.
Application Insights:
The other application segment includes urology, thoracic surgery, cardiovascular surgery, and plastic & reconstructive surgeries. Cryogenic surgical equipment is widely used in these surgeries due to the requirement of deep frozen tissue or body parts for medical procedures. The demand for cryotherapy in such applications is anticipated to witness significant growth owing to its benefits over conventional ice packs and heat therapy which include faster recovery time with less pain and trauma as well as reduced risk of infection.
The dermatology segment held the largest share in 2017 owing to increasing demand for minimally invasive procedures that require cold temperatures during treatment such as microdermabrasion, chemical peels using liquid nitrogen or dry ice vaporizer machine after cleansing with antiseptic solution before procedure start.
Regional Analysis:
North America dominated the global cryogenic surgical equipment market in 2017. The increasing prevalence of skin disorders, rising number of cosmetic surgeries, and growing demand for minimally invasive procedures are some factors driving the regional market. In addition, technological advancements such as miniaturization and automation are also expected to boost the growth over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to a large population base with high unmet needs in terms of healthcare delivery systems coupled with rapidly improving economic conditions especially in emerging countries such as India and China. Moreover, an increase in road accidents has led to a rise in neurosurgical procedures across this region which is further anticipated to drive product demand during the forecast period (2018-2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The cryogenic surgical equipment market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because cryogenic surgical equipment offers several advantages over traditional surgical methods, such as reduced trauma, faster healing time, and less pain.
- Technological advancements: The cryogenic surgical equipment market is expected to benefit from the ongoing technological advancements in the field of surgery. For instance, new devices that use liquid nitrogen are being developed which offer better precision and accuracy than traditional devices.
- Rising prevalence of chronic diseases: The cryogenic surgical equipment market is expected to benefit from the rising prevalence of chronic diseases such as cancer and heart disease. This is because cryotherapy can be used to effectively treat a wide range of medical conditions including cancerous tumors and blood clots.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Surgical Equipment Market Research Report
By Type
Handheld Type, Countertop Type, Other
By Application
Dermatology, Ophthalmology, Gynecology, Neurosurgery, Other
By Companies
Erbe Elektromedizin, UZUMCU, Toitu, Medgyn Products, Wallach Surgical Devices, Orasure Technologies, CooperSurgical, Bovie Medical, OPTIKON, CryoConcepts, H&O Equipment, Cooltouch, Keeler, Special Medical Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Surgical Equipment Market Report Segments:
The global Cryogenic Surgical Equipment market is segmented on the basis of:
Types
Handheld Type, Countertop Type, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dermatology, Ophthalmology, Gynecology, Neurosurgery, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Erbe Elektromedizin
- UZUMCU
- Toitu
- Medgyn Products
- Wallach Surgical Devices
- Orasure Technologies
- CooperSurgical
- Bovie Medical
- OPTIKON
- CryoConcepts
- H&O Equipment
- Cooltouch
- Keeler
- Special Medical Technology
Highlights of The Cryogenic Surgical Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld Type
- Countertop Type
- Other
- By Application:
- Dermatology
- Ophthalmology
- Gynecology
- Neurosurgery
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogenic Surgical Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogenic surgical equipment is a type of medical equipment that uses very low temperatures to help preserve organs or tissues. This technology can be used to freeze and then cut or remove tissue without damaging the surrounding area.
Some of the major companies in the cryogenic surgical equipment market are Erbe Elektromedizin, UZUMCU, Toitu, Medgyn Products, Wallach Surgical Devices, Orasure Technologies, CooperSurgical, Bovie Medical, OPTIKON, CryoConcepts, H&O Equipment, Cooltouch, Keeler, Special Medical Technology.
The cryogenic surgical equipment market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cryogenic Surgical Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cryogenic Surgical Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cryogenic Surgical Equipment Market - Supply Chain
4.5. Global Cryogenic Surgical Equipment Market Forecast
4.5.1. Cryogenic Surgical Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cryogenic Surgical Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cryogenic Surgical Equipment Market Absolute $ Opportunity
5. Global Cryogenic Surgical Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cryogenic Surgical Equipment Market Size and Volume Forecast by Type
5.3.1. Handheld Type
5.3.2. Countertop Type
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cryogenic Surgical Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cryogenic Surgical Equipment Market Size and Volume Forecast by Application
6.3.1. Dermatology
6.3.2. Ophthalmology
6.3.3. Gynecology
6.3.4. Neurosurgery
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cryogenic Surgical Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cryogenic Surgical Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cryogenic Surgical Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cryogenic Surgical Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cryogenic Surgical Equipment Demand Share Forecast, 2019-2026
9. North America Cryogenic Surgical Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cryogenic Surgical Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cryogenic Surgical Equipment Market Size and Volume Forecast by Application
9.4.1. Dermatology
9.4.2. Ophthalmology
9.4.3. Gynecology
9.4.4. Neurosurgery
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cryogenic Surgical Equipment Market Size and Volume Forecast by Type
9.7.1. Handheld Type
9.7.2. Countertop Type
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cryogenic Surgical Equipment Demand Share Forecast, 2019-2026
10. Latin America Cryogenic Surgical Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cryogenic Surgical Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cryogenic Surgical Equipment Market Size and Volume Forecast by Application
10.4.1. Dermatology
10.4.2. Ophthalmology
10.4.3. Gynecology
10.4.4. Neurosurgery
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cryogenic Surgical Equipment Market Size and Volume Forecast by Type
10.7.1. Handheld Type
10.7.2. Countertop Type
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cryogenic Surgical Equipment Demand Share Forecast, 2019-2026
11. Europe Cryogenic Surgical Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cryogenic Surgical Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cryogenic Surgical Equipment Market Size and Volume Forecast by Application
11.4.1. Dermatology
11.4.2. Ophthalmology
11.4.3. Gynecology
11.4.4. Neurosurgery
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cryogenic Surgical Equipment Market Size and Volume Forecast by Type
11.7.1. Handheld Type
11.7.2. Countertop Type
11.73. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cryogenic Surgical Equipment Demand Share, 2019-2026
12. Asia Pacific Cryogenic Surgical Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cryogenic Surgical Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cryogenic Surgical Equipment Market Size and Volume Forecast by Application
12.4.1. Dermatology
12.4.2. Ophthalmology
12.4.3. Gynecology
12.4.4. Neurosurgery
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cryogenic Surgical Equipment Market Size and Volume Forecast by Type
12.7.1. Handheld Type
12.7.2. Countertop Type
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cryogenic Surgical Equipment Demand Share, 2019-2026
13. Middle East & Africa Cryogenic Surgical Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cryogenic Surgical Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cryogenic Surgical Equipment Market Size and Volume Forecast by Application
13.4.1. Dermatology
13.4.2. Ophthalmology
13.4.3. Gynecology
13.4.4. Neurosurgery
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cryogenic Surgical Equipment Market Size and Volume Forecast by Type
13.7.1. Handheld Type
13.7.2. Countertop Type
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cryogenic Surgical Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cryogenic Surgical Equipment Market: Market Share Analysis
14.2. Cryogenic Surgical Equipment Distributors and Customers
14.3. Cryogenic Surgical Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Erbe Elektromedizin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. UZUMCU
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toitu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medgyn Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wallach Surgical Devices
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Orasure Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CooperSurgical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bovie Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. OPTIKON
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CryoConcepts
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. H&O Equipment
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cooltouch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Keeler
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Special Medical Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
