Market Overview:
The global cryotherapy devices market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising awareness about cryotherapy, and technological advancements in cryotherapy devices. The global cryotherapy devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cryosurgery devices, localized cryotherapy devices, and cryochambers. Cryosurgerydevices are further sub-segmented into hand-held units and console units. Cryochambers are further sub-segmented into single chamber chambers and multi-chamber chambers. On the basis of application,themarketis dividedinto hospitals & specialty clinics,cryotherap ycenters , spas & fitness centers .On themarketbyregion , North America accounts for themajorityof themarket share followed by Europeand Asia Pacific .
Product Definition:
Cryotherapy Devices are devices that use cold temperatures to treat a variety of medical conditions. They can be used to reduce pain, inflammation, and swelling.
Cryosurgery Devices:
Cryosurgery is a minimally invasive surgical procedure that involves the use of extremely low temperatures to freeze and destroy cancer cells. Cryotherapy devices are used in treating skin tumors, cervical cancer, liver tumors, prostate cancer and other types of cancers. Cryosurgery has been gaining popularity due to its several advantages such as minimal invasiveness, ability to preserve normal tissues during surgery & quick recovery with no need for hospital stay.
Localized Cryotherapy Devices:
Cryotherapy devices are used for the treatment of cancer and other related diseases. Cryotherapy is a form of local anesthetic that reduces or eliminates pain by causing tissue freezing. It works by decreasing the blood flow and oxygen level in tissues, which ultimately leads to cell death. The most commonly used cryogenic equipment include - liquid nitrogen tank, Dewar system (a combination of liquid nitrogen and hydrogen),and laser device (CO2 or YAG).
Application Insights:
The others segment, which includes sports injuries and pain management, held the largest share of the application segment in 2017. Cryotherapy is gaining popularity as an alternative treatment for acute as well as chronic sports injuries. The procedure reduces inflammation by reducing the release of cytokines and prostaglandins from cells. It also helps in decreasing blood flow to injured area by lowering down blood pressure thus providing faster healing process at a cellular level without any side effects.
Regional Analysis:
North America dominated the global market in 2017 owing to an increase in the prevalence of chronic diseases, such as cancer and cardiovascular diseases. In addition, growing demand for cosmetic surgeries is expected to drive regional growth over the forecast period. The U.S., which accounted for a major share in North America cryotherapy devices market, is one of the most developed countries with respect to healthcare infrastructure and adoption of advanced technologies across various medical specialties.
Growth Factors:
- Increasing demand for minimally invasive procedures: The global cryotherapy devices market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for minimally invasive procedures, which offer several benefits such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- Technological advancements: The cryotherapy devices market is witnessing rapid technological advancements, with manufacturers introducing new products with enhanced features. This is helping to drive the growth of the market.
- Rising awareness about cryotherapy: There is a growing awareness about the benefits of cryotherapy among consumers worldwide, which is driving its adoption in various applications such as medical and non-medical applications.
- Growing number of clinics offering cryotherapy services: The number of clinics offering cryotherapy services is growing rapidly across the globe, providing an impetus to the growth of this market segmentation .This has led to an increase in patient preference for these treatments over traditional methods .
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryotherapy Devices Market Research Report
By Type
Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers
By Application
Hospitals & Specialty Clinics, Cryotherapy Centers, Spas & Fitness Centers
By Companies
Medtronic, Cooper Surgical, Galil Medical, Impact Cryotherapy, Zimmer MedizinSysteme, Impact Cryotherapy, Metrum Cryoflex, Brymill Cryogenic Systems, Cryoconcepts LP, ERBE Elektromedizin, Medtronic
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Cryotherapy Devices Market Report Segments:
The global Cryotherapy Devices market is segmented on the basis of:
Types
Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers
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 & Specialty Clinics, Cryotherapy Centers, Spas & Fitness Centers
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:
- Medtronic
- Cooper Surgical
- Galil Medical
- Impact Cryotherapy
- Zimmer MedizinSysteme
- Impact Cryotherapy
- Metrum Cryoflex
- Brymill Cryogenic Systems
- Cryoconcepts LP
- ERBE Elektromedizin
- Medtronic
Highlights of The Cryotherapy Devices 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:
- Cryosurgery Devices
- Localized Cryotherapy Devices
- Cryochambers
- By Application:
- Hospitals & Specialty Clinics
- Cryotherapy Centers
- Spas & Fitness Centers
- 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 Cryotherapy Devices 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
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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?
Cryotherapy devices are machines that use cold temperatures to treat various medical conditions. Cryotherapy is most commonly used to treat pain, inflammation, and swelling.
Some of the major companies in the cryotherapy devices market are Medtronic, Cooper Surgical, Galil Medical, Impact Cryotherapy, Zimmer MedizinSysteme, Impact Cryotherapy, Metrum Cryoflex, Brymill Cryogenic Systems, Cryoconcepts LP, ERBE Elektromedizin, Medtronic.
The cryotherapy devices market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryotherapy Devices 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 Cryotherapy Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryotherapy Devices 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 Cryotherapy Devices 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 Cryotherapy Devices Market Size & Forecast, 2020-2028
4.5.1 Cryotherapy Devices Market Size and Y-o-Y Growth
4.5.2 Cryotherapy Devices Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cryosurgery Devices
5.2.2 Localized Cryotherapy Devices
5.2.3 Cryochambers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals & Specialty Clinics
6.2.2 Cryotherapy Centers
6.2.3 Spas & Fitness Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryotherapy Devices 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 Cryotherapy Devices 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cryosurgery Devices
9.6.2 Localized Cryotherapy Devices
9.6.3 Cryochambers
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 Market Size Forecast by Applications
9.10.1 Hospitals & Specialty Clinics
9.10.2 Cryotherapy Centers
9.10.3 Spas & Fitness Centers
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cryosurgery Devices
10.6.2 Localized Cryotherapy Devices
10.6.3 Cryochambers
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 Market Size Forecast by Applications
10.10.1 Hospitals & Specialty Clinics
10.10.2 Cryotherapy Centers
10.10.3 Spas & Fitness Centers
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cryosurgery Devices
11.6.2 Localized Cryotherapy Devices
11.6.3 Cryochambers
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 Market Size Forecast by Applications
11.10.1 Hospitals & Specialty Clinics
11.10.2 Cryotherapy Centers
11.10.3 Spas & Fitness Centers
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cryosurgery Devices
12.6.2 Localized Cryotherapy Devices
12.6.3 Cryochambers
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 Market Size Forecast by Applications
12.10.1 Hospitals & Specialty Clinics
12.10.2 Cryotherapy Centers
12.10.3 Spas & Fitness Centers
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cryosurgery Devices
13.6.2 Localized Cryotherapy Devices
13.6.3 Cryochambers
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) Market Size Forecast by Applications
13.10.1 Hospitals & Specialty Clinics
13.10.2 Cryotherapy Centers
13.10.3 Spas & Fitness Centers
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 Cryotherapy Devices Market: Competitive Dashboard
14.2 Global Cryotherapy Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Cooper Surgical
14.3.3 Galil Medical
14.3.4 Impact Cryotherapy
14.3.5 Zimmer MedizinSysteme
14.3.6 Impact Cryotherapy
14.3.7 Metrum Cryoflex
14.3.8 Brymill Cryogenic Systems
14.3.9 Cryoconcepts LP
14.3.10 ERBE Elektromedizin
14.3.11 Medtronic
