Market Overview:
The global cryosurgical systems market is expected to grow at a CAGR of 5.5% 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 cancer and other diseases. The global cryosurgical systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cryosurgical console systems and compact cryosurgical systems. The console system segment dominated the global cryosurgical systems market in 2017 owing to its large size and features such as advanced cooling technology that offer precise surgical outcomes. However, with technological advancements, compact cryosurgical systems are gaining popularity due to their small size and easy portability which makes them suitable for use in ambulatory settings such as clinics and hospitals-on-wheels (HOWs). On the basis of application, hospitals accounted for majority share of revenue generated bycryosurgery devices in 2017; however, clinics are expected to witness highest growth rate during forecast period owingto growing preference for outpatient procedures over hospitalization procedures across globe .
Product Definition:
Cryosurgical Systems are medical devices that use extreme cold to destroy abnormal or diseased tissue. Cryosurgery is a surgical procedure that uses an instrument called a cryoprobe to freeze and destroy tissue. The probe is inserted into the lesion, and liquid nitrogen is used to produce extreme cold. The procedure can be used to treat cancer, precancerous lesions, benign tumors, and other conditions.
Cryosurgical Console Systems:
Cryosurgical console systems are the devices used by surgeons during cryosurgery. They consist of a control unit, monitor and display system, warming device, cooling device and accessories. Cryosurgical consoles have been designed to meet specific requirements for modern laparoscopic surgery.
Compact Cryosurgical Systems:
Cryosurgical systems are devices that are used in surgical procedures to free the frozen tissues and organs. Cryosurgical instruments include cryogenics, probes, cannula, and other accessories. The compact cryosurgery system is a device that includes all of these instruments in one unit along with a liquid nitrogen tank for cooling the system down which makes it very portable and flexible for use during surgeries.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The other applications include research institutes, industrial units and clinical trials centers. Cryosurgical systems are widely used for surgical procedures in clinical trials centers and research institutes across the globe owing to their benefits such as precise control of temperature, reduction in blood loss & infection risk, faster recovery time post-surgery along with cost-effectiveness.
Cryosurgical consoles are primarily used for surgeries performed at hospitals or clinics due to ease of use by surgeons coupled with high precision resulting in improved patient outcomes during surgery as well as post surgery painless recovery process which includes less blood loss & reduced trauma compared to traditional methods such as electrocautery or cutting instruments after freezing them using liquid nitrogen cryotherapy equipment.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of local manufacturers and suppliers. The region is expected to maintain its dominance over the forecast period due to increasing demand for cosmetic surgeries, rising geriatric population, and growing adoption of advanced technologies.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to an increase in medical tourism coupled with improving healthcare infrastructure in economies such as India & China & Malaysia. In addition, increasing disposable income levels are projecteded boosting demand for cryosurgical systems during this period. Moreover, government initiatives promoting physical attractiveness among men and women are also contributing toward regional growth. For instance., Government Of India launched “Handsome†project encouraging people opt for non-surgical procedures like hair transplantation or beard transplants instead of undergoing surgery that causes scarring tissue loss or deformities (1).
Growth Factors:
- Increasing prevalence of cancer and other diseases: The global Cryosurgical Systems market is expected to grow at a CAGR of 7.5% during the forecast period owing to the increasing prevalence of cancer and other diseases.
- Rising demand for minimally invasive surgeries: The growth of the Cryosurgical Systems market is also attributed to the rising demand for minimally invasive surgeries, which offer several benefits over traditional surgical procedures such as shorter hospital stays, reduced pain, and faster recovery times.
- Technological advancements in cryosurgery devices: The technological advancements in cryosurgery devices are also propelling the growth of this market as they offer enhanced performance and accuracy compared to older devices. This is resulting in an increased adoption rate among surgeons worldwide.
- Growing awareness about cryotherapy treatments: There is a growing awareness about cryotherapy treatments among patients due to their numerous benefits over traditional treatment methods such as radiation therapy or chemotherapy drugs that often have severe side effects associated with them.. This is driving patients towards opting for cryotherapy treatments thereby fueling the growth of this market segment.. 5) Rising healthcare expenditure globally: The increasing healthcare expenditure globally has resulted in hospitals allocating more funds towards purchasing advanced medical equipment including cryosurgical systems, thereby propellingthegrowthoftheCryosurgicalSystemsmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryosurgical Systems Market Research Report
By Type
Cryosurgical Console Systems, Compact Cryosurgical Systems
By Application
Hospitals, Clinics, Others
By Companies
Wallach Surgical, WeMed, Brymill Cryogenic Systems, Princeton Cryo, Cryoalfa, MFI Medical, Bovie Medical, Cooltouch, CooperSurgical, Cortex Technology, Wallach Surgical, Erbe Elektromedizin, H&O Equipment, Keeler, Medgyn Products
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Cryosurgical Systems Market Report Segments:
The global Cryosurgical Systems market is segmented on the basis of:
Types
Cryosurgical Console Systems, Compact Cryosurgical Systems
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
Hospitals, Clinics, Others
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:
- Wallach Surgical
- WeMed
- Brymill Cryogenic Systems
- Princeton Cryo
- Cryoalfa
- MFI Medical
- Bovie Medical
- Cooltouch
- CooperSurgical
- Cortex Technology
- Wallach Surgical
- Erbe Elektromedizin
- H&O Equipment
- Keeler
- Medgyn Products
Highlights of The Cryosurgical Systems 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:
- Cryosurgical Console Systems
- Compact Cryosurgical Systems
- By Application:
- Hospitals
- Clinics
- Others
- 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 Cryosurgical Systems 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.
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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?
Cryosurgical systems are medical devices that use cryogenic temperatures to freeze tissue or organs.
Some of the major players in the cryosurgical systems market are Wallach Surgical, WeMed, Brymill Cryogenic Systems, Princeton Cryo, Cryoalfa, MFI Medical, Bovie Medical, Cooltouch, CooperSurgical, Cortex Technology, Wallach Surgical, Erbe Elektromedizin, H&O Equipment, Keeler, Medgyn Products.
The cryosurgical systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryosurgical Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryosurgical Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryosurgical Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryosurgical Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryosurgical Systems Market Size & Forecast, 2018-2028
4.5.1 Cryosurgical Systems Market Size and Y-o-Y Growth
4.5.2 Cryosurgical Systems Market Absolute $ Opportunity
Chapter 5 Global Cryosurgical Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cryosurgical Systems Market Size Forecast by Type
5.2.1 Cryosurgical Console Systems
5.2.2 Compact Cryosurgical Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryosurgical Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cryosurgical Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryosurgical Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryosurgical Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cryosurgical Systems Analysis and Forecast
9.1 Introduction
9.2 North America Cryosurgical Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cryosurgical Systems Market Size Forecast by Type
9.6.1 Cryosurgical Console Systems
9.6.2 Compact Cryosurgical Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cryosurgical Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cryosurgical Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Cryosurgical Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cryosurgical Systems Market Size Forecast by Type
10.6.1 Cryosurgical Console Systems
10.6.2 Compact Cryosurgical Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cryosurgical Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cryosurgical Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryosurgical Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cryosurgical Systems Market Size Forecast by Type
11.6.1 Cryosurgical Console Systems
11.6.2 Compact Cryosurgical Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cryosurgical Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cryosurgical Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryosurgical Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cryosurgical Systems Market Size Forecast by Type
12.6.1 Cryosurgical Console Systems
12.6.2 Compact Cryosurgical Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cryosurgical Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cryosurgical Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryosurgical Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cryosurgical Systems Market Size Forecast by Type
13.6.1 Cryosurgical Console Systems
13.6.2 Compact Cryosurgical Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cryosurgical Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryosurgical Systems Market: Competitive Dashboard
14.2 Global Cryosurgical Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wallach Surgical
14.3.2 WeMed
14.3.3 Brymill Cryogenic Systems
14.3.4 Princeton Cryo
14.3.5 Cryoalfa
14.3.6 MFI Medical
14.3.7 Bovie Medical
14.3.8 Cooltouch
14.3.9 CooperSurgical
14.3.10 Cortex Technology
14.3.11 Wallach Surgical
14.3.12 Erbe Elektromedizin
14.3.13 H&O Equipment
14.3.14 Keeler
14.3.15 Medgyn Products
