Asia Pacific Cryotherapy And Cryosurgery Market

Asia Pacific Cryotherapy and Cryosurgery Market Size & Growth (2022 to 2027)

According to the Report, the Size of the Asia Pacific Cryotherapy and Cryosurgery Market is valued at USD 0.39 billion in 2020 and is expected to grow at a CAGR of 8.5%, to reach USD 0.56 billion by 2027 during the forecast period 2022 to 2027.

Compared to open surgery & other medical treatments, one of the primary growth factors for the cryotherapy and cryosurgery market is the minimal post-surgery danger to untargeted body parts and more minor wounds and suffering.

Furthermore, rising technological advancements in cryotherapy treatment, and an increase in cryotherapy treatment applications, like cardiac conditions, pain management, skin disorders, beauty, wellness, & fitness, are expected to propel the Asia Pacific cryotherapy and cryosurgery market forward. Because of the uncontrolled freezing during cryotherapy treatments, nearby tissue, bones, and muscle may go numb. Cryosurgery's long-term benefit in treating early-stage malignancies has yet to be proven scientifically.

The cryotherapy market is anticipated to be hampered by expensive treatment costs, strict safety rules, side effects associated with cryogenic gases, a lack of complete awareness of cryotherapy, and the complexity of cryotherapy mechanisms. In addition, cryogenic liquids and their accompanying cold vapors or gases can cause skin allergies. Frostbite is caused by prolonged exposure to intense cold or contact with cold surfaces, and the skin appears waxy yellow.

Furthermore, extended exposure to the freezing liquid nitrogen can be dangerous, so it is not recommended for children, those with high blood pressure, or pregnant women. Furthermore, due to their rapid growth, combustible gases such as methane, hydrogen, carbon monoxide, and liquefied natural gas can cause problems such as fire and explosion. As a result, safety concerns about cryotherapy gases are expected to hamper the market growth.

Furthermore, the lockdown in Asia-Pacific countries like China and India has caused delays in cryotherapy product manufacture and distribution. These problems are projected to harm the cryotherapy and cryosurgery market's growth.

This research report on the Asia Pacific Cryotherapy and Cryosurgery Market has been segmented and sub-segmented into the following categories.

By Technique: 

• Spray
• Forceps
• CryoProbe

By Type:

• Cryosurgery
• Icepack Therapy
• Cryogenic Chamber Therapy

By Application:

• Cancer Therapy
• Skin Disease
• Others

By Device:

• Cryogun
• Probes
• Cryogen
• Others

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically, the Asia Pacific is expected to be a highly profitable region of the worldwide market due to increased awareness about skincare and treatment and a larger patient pool for skin diseases in the area.

The Indian Cryotherapy and Cryosurgery Market is expected to maintain its place in the global cryotherapy and cryosurgery market fueled by the growing installed base of cryosurgical equipment and Cryo chambers in the regions.

The China Cryotherapy and Cryosurgery Market is dominated by several domestic players, such as Guangzhou XZ Beauty Machine Co. Ltd. and SUS Advancing Technology Co. Limited. However, revenue growth in the China market is projected to be driven by the increasing entry of major multinational businesses such as Zimmer Medizinsysteme GmbH.

The growth engines for this region include supportive government activities to enhance healthcare facilities and raise public awareness. In addition, the market's horizons are expected to broaden as modern technology becomes more widely available, disposable income rises, and surgical treatments become more adaptable. Furthermore, the market is estimated to grow due to new prospects in developing economies such as China and India and an increase in the number of cancer treatments.

KEY MARKET PLAYERS

Top Companies leading the Asia Pacific Cryotherapy and Cryosurgery Market Profiled in the Report are Impact Cryotherapy, Wallach Surgical Devices, MedGyn Products, Inc. and CoolTouch Inc, GRAND Cryo LLC, Erbe USA, Incorporated, HealthTronics, Inc., KryoLife Inc, Medtronic, Galil Medical Inc.,