Global Cryotherapy Market, By Type (Whole Body Cryotherapy, Partial Body Cryotherapy, Internal Cryotherapy, Others), Products (Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers, Others), Applications (Cancer, Pain Management, Dermatology, Others), End-Users (Hospital, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cryotherapy Market
Cryotherapy market is expected to gain market growth in the forecast period of 2021-2028. Data Bridge Market Research analyses the market to reach USD 7.81 billion by 2028 and account to grow at a CAGR of 9.44% in the above mentioned forecast period.
Cold therapy is another name for cryotherapy. It is a method of exposing specific parts of the body to a very cold environment. This therapy can be used on specific areas as well as the entire body. Cryotherapy is mostly used to treat malignancies such as prostate cancer and chronic pain. Cryotherapy is also employed in the treatment of aberrant skin cells.
Rise in the incidences of cancer and sport injury, the growing demand for minimally invasive therapies, and advancement of technology in cryotherapy equipment are the major drivers that will influence the market's growth. Furthermore, growing popularity in the wellness, beauty and fitness is the factor that will expand the cryotherapy market.
Rise in the focus on expanding cryotherapy applications will provide beneficial opportunities for the cryotherapy market in the forecast period of 2021-2028.
However, use of hazardous cryogenic gases in various cryotherapies and lack of awareness about the benefits of cryotherapy are the factors that will hinder the market growth. Also, strict rules and regulations associated with the product approval will challenge the cryotherapy market in the forecast period mentioned above.
This cryotherapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cryotherapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cryotherapy Market Scope and Market Size
The cryotherapy market is segmented on the basis of type, product, applications, end-users and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the cryotherapy market is segmented into whole body cryotherapy, partial body cryotherapy, internal cryotherapy and others.
- On the basis of product, the cryotherapy market is segmented into cryosurgery devices, localized cryotherapy devices, cryochambers and others. Cryosurgery devices have been further sub-segmented into tissue contact probes, tissue spray probes, epidermal and subcutaneous cryoablation devices.
- On the basis of applications, the cryotherapy market is segmented into cancer, pain management, dermatology and others.
- On the basis of end-users, the cryotherapy market is segmented into hospital, homecare, specialty clinics and others.
- The cryotherapy market is also segmented on the basis of distribution channel into hospital pharmacy, retail pharmacy and online pharmacy.
Cryotherapy Market Country Level Analysis
Cryotherapy market is analyzed and market size information is provided by the country, type, product, applications, end-users and distribution channel as referenced above.
The countries covered in the cryotherapy market report are the U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.
North America dominates the cryotherapy market due to the presence of major key players, favourable reimbursement scenario, high adoption of advanced technical solutions, high healthcare expenditure and well-developed healthcare sector in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising efforts by leading players to ensure the availability of cryotherapy devices and growing government support.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Cryotherapy market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Global Cryotherapy Market Share Analysis
Cryotherapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global cryotherapy market research.
The major players covered in the cryotherapy market report are Quantum Cryogenics, Pacira BioSciences, Inc., ATRICURE, INC., BTG International Inc., METRUM CRYOFLEX Sp. z o.o., Sp. k., Brymill Cryogenic Systems, Kriosystem-Care Sp. z o.o., US CRYOTHERAPY, CryoConcepts LP., Erbe Medical India Pvt Ltd., Zimmer MedizinSysteme GmbH, Medtronic, Cortex Technology, CooperSurgical, Inc., Hologic, Inc., PHYSIOMED AG, Cryomed s.r.o. Cryosaunas & Cryotherapy machines, CSA Medical, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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