Reports
Global Cryotherapy Market Share, Size, Drivers, Opportunities, Forecast: By Product: Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers and Cryosaunas; By Therapy Type: Cryosurgery, Chamber Therapy; By Application: Surgical Application, Pain Management, Others; By End User; Regional Analysis; Supplier Landscape; 2023-2031
Global Cryotherapy Market Outlook
The growth of the global cryotherapy market is being driven by the rising prevalence of the rapidly advancing wellness sector across the globe. The market attained a value of about of around USD 255.2 million in 2022. The market value is anticipated to grow at a CAGR of 8.5% during the forecast period of 2023-2031 to attain a value of USD 531 million by 2031.
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Global Cryotherapy Market: Introduction and Insight
Cryotherapy, also known as cold therapy, is a treatment which is used to remove or destroy tissues from your body that carry any infection or are impaired in any way. It can be used to cure numerous skin conditions and some cancers as well. Cancers like prostate and liver cancer are curable with the help of this therapy. It can cure tissues, both on the inside and outside of the body. This treatment is also known as cryoablation or cryosurgery.
This therapy is used in minimally invasive therapies and is usually performed without any open surgeries. Even the recovery from this therapy is quick. These therapies are usually painless. The cancers in which this therapy is mostly used include bone cancer, cervical cancer, liver cancer, and prostate cancer. This therapy can also cure or treat the precancerous cells in skin and cervix which can potentially convert into cancer.
The conditions other than cancers for which this therapy can be used include the following:
- Tendonitis
- Shoulder Surgeries
- Bursitis
- Sprains (Ankle, Muscular, Ligament)
- Acute Swelling
- Sports Injuries
- Abnormal Cervix Cells (Potential Cancer Cells)
- Abnormal Skin Growths (Actinic Keratosis)
In this therapy, extreme cold is generated with the help of nitrogen or argon gas, which then targets the problematic cells or tissues. These problematic cells or tissues are killed by this procedure as they are frozen to death. The tissues that are frozen, kill the cells after they thaw. Similarly, tissues that were frozen inside the body gets dissolved, tissued frozen on the outside form a slough over the affected area which falls off later, as the affected area heals. This therapy can be performed in two ways, internal and external.
For the affected areas that are on the surface of skin, doctors may use cotton swabs or a spraying equipment, depending upon the need. For the areas underneath the skin, doctors use an equipment called Cryoprobe. This cryoprobe could be inserted into the skin during a surgery, and then the argon or nitrogen gas is passed through it and then the doctor targets the affected cell or tissue and eventually kill it by this procedure. There are times when more than a single cryoprobe is required to perform this treatment therapy. Doctors use ultrasounds and MRIs to take the cryoprobe to the exact spot so that the neighbouring healthy cells do not get affected by this cryotherapy. There are five types of cryotherapies that could be suitable for specific conditions a person is going through. The types are as follows:
- Full Body Cryotherapy
- Partial Body Cryotherapy
- Ice Application
- Cold Water Immersion
- Cryoablation
Hence, consultation from a doctor is advisable prior to the cryotherapy session.
Global Cryotherapy Market Segmentations
The market can be categorised on the basis of product, therapy type, application, end user, therapeutic market, and major regions.
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Market Breakup by Product
- Tissue Contact Probe
- Tissue Spray probe
- Epidermal and Subcutaneous Cryoablation
- Localized Cryotherapy Devices
- Cryochambers and Cryosaunas
Market Breakup by Therapy Type
- Cryosurgery
- Chamber Therapy
Cryotherapy Market Breakup by Application
- Surgical Application
- Oncology: The study and diagnosis of tumours and cancers.
- Dermatology: The study and diagnosis of skin conditions.
- Cardiology: The study of heart and blood vessels.
- Other Surgical Applications
- Pain Management
- Recovery, Health, and Beauty Applications
Market Breakup by End User
- Hospitals and Speciality Clinics
- Cryotherapy Centres
- Spas and Fitness Centres
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
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Global Cryotherapy Market Scenario
The market has been on a rise ever since the global healthcare and wellness sector has started to advance, and it is expected to keep rising in future as well. The healthcare and wellness sector has been introducing new techniques and technologies, in order to make their consumer’s lives easier.
Due to the increasing demand of this new therapy, businesses are exponentially growing. People are making a huge sum out of this business while helping other people to overcome their problems. Hence, some major suppliers of the equipment and machines that are used to setup a cryotherapy facility are playing a huge role in expanding the global market.
Global Cryotherapy Market: Supplier Landscape
The report gives an in-depth analysis of the key players involved in the market. The companies included in the market are as follows:
- Medtronic
- Impact Cryotherapy
- Zimmer Medizinsysteme
- Metrum Cryoflex
- Brymill Cryogenic Systems
- Galil Medical (A Subsidiary of BTG Plc)
- Cooper Surgical (A Subsidiary of Cooper Companies)
- Kriosystem Life
- Kriosystem Life
- US Cryotherapy
- CryoConcepts LP
- Erbe Elektromedizin
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Therapy Type |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Cryotherapy Market Overview
3.1 Global Cryotherapy Market Historical Value (2016-2022)
3.2 Global Cryotherapy Market Forecast Value (2023-2031)
4 Global Cryotherapy Market Landscape
4.1 Global Cryotherapy Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Cryotherapy Product Landscape
4.2.1 Analysis by Type of Biosensor
4.2.2 Analysis by Technology Used
4.2.3 Analysis by Applications
5 Global Cryotherapy Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Cryotherapy Market Segmentation
6.1 Global Cryotherapy Market by Product
6.1.1 Market Overview
6.1.2 Cryosurgery Devices
6.1.2.1 Tissue Contact Probe
6.1.2.2 Tissue Spray Probes
6.1.2.3 Epidermal and Subcutaneous Cryoablation Devices
6.1.3 Localized Cryotherapy Devices
6.1.4 Cryochambers and Cryosaunas
6.2 Global Cryotherapy Market by Therapy Type
6.2.1 Market Overview
6.2.2 Cryosurgery
6.2.3 Chamber Therapy
6.3 Global Cryotherapy Market by Application
6.3.1 Market Overview
6.3.2 Surgical Application
6.3.2.1 Oncology
6.3.2.2 Dermatology
6.3.2.3 Cardiology
6.3.2.4 Other Surgical Applications
6.3.3 Pain Management
6.3.4 Recovery, Health, and Beauty Applications
6.4 Global Cryotherapy Market by End User
6.4.1 Market Overview
6.4.2 Hospitals & Specialty Clinics
6.4.3 Cryotherapy Centres
6.4.4 Spas and Fitness Centres
6.5 Global Cryotherapy Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Cryotherapy Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Cryotherapy Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Cryotherapy Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Cryotherapy Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Cryotherapy Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronic
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Impact Cryotherapy
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Zimmer Medizinsysteme
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Metrum Cryoflex
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Brymill Cryogenic Systems
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Galil Medical (A Subsidiary of BTG Plc)
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Cooper Surgical (A Subsidiary of Cooper Companies)
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Kriosystem Life
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 US Cryotherapy
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 CryoConcepts LP
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Erbe Elektromedizin
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Cryotherapy Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The cryotherapy market attained a value of USD 255.2 million in 2022.
The cryotherapy market is expected to grow at a CAGR of 8.5% during the forecast period of 2023-2031 to attain a value of USD 531 million by 2031.
Cryotherapy is a treatment in which extreme cold is generated with the help of nitrogen gas, argon gas, or nitrous oxide to freeze the targeted tissues or cells in human body, which eventually leads to their death.
One cryotherapy session can cost anywhere from USD 60-USD 100 per session.
A person will normally recover within a week of taking the session but depending upon the body part or the age of the person it could take a bit longer.
The major regional markets include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The products in the market include tissue contact probe, tissue spray probe, epidermal and subcutaneous cryoablation, localized cryotherapy devices, and cryochambers and cryosaunas.
The therapy types include cryosurgery and chamber therapy.
Cryotherapy finds application in surgical application, pain management, recovery, health, and beauty applications.
The end-users of cryotherapy include hospitals and speciality clinics, cryotherapy centres, spas and fitness centres.
The key players in the market include Medtronic, Impact Cryotherapy, Zimmer, Medizinsysteme, Metrum Cryoflex, Brymill Cryogenic Systems, Galil Medical (A Subsidiary of BTG Plc), Cooper Surgical (A Subsidiary of Cooper Companies), Kriosystem Life, Kriosystem Life, US Cryotherapy, CryoConcepts LP, and Erbe Elektromedizin.
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