The global cryotherapy market is projected to reach USD 274.8 million by 2022 from an estimated value of USD 180.0 million in 2017. The market is expected to grow at a CAGR of 8.8% during the forecast period 2018-2022.
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“Asia Pacific to witness the highest growth during the forecast period.”
Asia Pacific is expected to grow at the highest CAGR during the forecast period of 2017-2022. Factors such as rapid growth in geriatric population in Japan, booming medical tourism and healthcare reforms in China, and increasing cancer incidences in India are expected to drive market growth during the forecast period.
1 Ranking of Players, 2016
2 Competitive Scenario
3 Partnerships and Agreements
4 Regulatory and Product Approvals
5 Product Launches
6 Product Deployments
7 Other Strategies
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The key factors driving the growth of this market are increasing demand for minimally invasive procedures; growing incidence of cancer and cardiac conditions; technological advancements in cryotherapy equipment; and growing popularity in the beauty, wellness, and fitness industries. On the other hand, hazardous effects of cryogenic gases and stringent regulatory approvals could be challenging factors for this market.
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Key Target Audience:
- Cryotherapy equipment manufacturers and distributors
- Healthcare institutions (hospitals, medical schools, group practices, individual surgeons, and governing bodies)
- Medical device vendors/service providers
- Research institutes
- Niche companies manufacturing cryoablation/cryotherapy systems
- Research and consulting firms
- Venture capitalists
The overall Cryotherapy market was dominated by Prominent players in the market include Medtronic (Ireland), Galil Medical (US), CooperSurgical (US), Impact Cryotherapy (US), and Zimmer MedizinSysteme (Germany) are the key players in the cryotherapy market. Other players involved in this market are Metrum CryoFlex (Poland), Erbe Elektromedizin (Germany), Brymill Cryogenic Systems (US), CryoConcepts (US), US Cryotherapy (US), Professional Products (US), and Kriosystem Life (Poland).
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Key Point from Table of Content
6 Cryotherapy Market, By Product
6.2 Cryosurgery Devices
6.2.1 Tissue Contact Probes
6.2.2 Tissue Spray Probes
6.2.3 Epidermal and Subcutaneous Cryoablation Devices
6.3 Localized Cryotherapy Devices
6.4 Cryochambers & Cryosaunas
7 Cryotherapy Market, By Application
7.2 Surgical Applications
7.2.4 Other Surgical Applications
7.3 Pain Management
7.4 Recovery, Health, and Beauty
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