The size of the global cryotherapy and cryosurgery market will reach USD 4.29 billion by 2024. This market is growing at a CAGR of 9.1% from 2019 to 2024.
Cryotherapy and cryosurgery, these two pathological processes are carried out at low temperatures to remove abnormal tissue.
One of the primary growth factors in the cryotherapy and cryosurgery market is the minimal postoperative risk of non-target body parts. Furthermore, technological advances and medical research conducted to examine the feasibility of cryotherapy and cryosurgery in the treatment of other diseases will increase world market demand for the foreseeable future. Cryogen is an innovative and leading cryosurgical team due to its practical design and reduced health risks.
Scientific evidence is not yet available for the long-term benefit of cryosurgery in treating early-stage cancers. Additionally, more prolonged exposure to frozen liquid nitrogen can be fatal, which is why medical experts have refrained from using it in children, patients with high blood pressure, and pregnant women. Factors mentioned above are slowly hindering the growth rate of the market.
In 2019, Majestic Cryo, Inc. formerly known as Millennium Ice, the leading manufacturer of whole-body cryotherapy equipment in the United States, announced the launch of M-Cryo. This brand will represent the symbol of quality and innovative cryo saunas, as well as the commercial support system that will revolutionize the whole-body cryotherapy industry.
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Technique, Type, Application, Devices and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This market research report on Global Cryotherapy and Cryosurgery Market has been segmented and sub-segmented based on technique, type, application, devices and region.
Cryotherapy and Cryosurgery Market – By Technique
Cryotherapy and Cryosurgery Market - By Type
Based on type, the most common type of treatment is cryosurgery as this procedure helps in treating various cancers and skin diseases. At the same time, icepack therapy is to grow the fastest.
Cryotherapy and Cryosurgery Market - By Application
Based on Application, Cancer therapy is the most widely applied field for cryotherapy while skin treatments are to grow the fastest due to recent advancements in technologies.
Cryotherapy and Cryosurgery Market - By Devices
Regional Analysis
North America holds a significant share in the global cryotherapy and cryosurgery market. It is, due to the presence of market leaders as well as a well-developed healthcare infrastructure and extensive use of sprains in sports-related injuries treatment. The Asia Pacific is the fastest-growing region due to increasing expenditure on research and development as well as innovations and advancements in medical fields.
List of companies dominating the global cryotherapy and cryosurgery market profiled in the report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Technique
5.1.1 Introduction
5.1.2 Spray
5.1.3 Foreceps
5.1.4 Cryo Probe
5.1.5 Others
5.1.6 Y-o-Y Growth Analysis, By Technique
5.1.7 Market Attractiveness Analysis, By Technique
5.1.8 Market Share Analysis, By Technique
5.2 Type
5.2.1 Introduction
5.2.2 Cryosuregery
5.2.3 Icepack Therapy
5.2.4 Cryogenic Chamber Therapy
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By Type
5.2.7 Market Attractiveness Analysis, By Type
5.2.8 Market Share Analysis, By Type
5.3 Application
5.3.1 Introduction
5.3.2 Cancer Therapy
5.3.3 Skin Disease Treatment
5.3.4 Other Applications
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
5.4 Devices
5.4.1 Introduction
5.4.2 Cryogun
5.4.3 Probes
5.4.4 Cryogen
5.4.5 Others
5.4.6 Y-o-Y Growth Analysis, By Devices
5.4.7 Market Attractiveness Analysis, By Devices
5.4.8 Market Share Analysis, By Devices
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Technique
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By Devices
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Technique
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By Devices
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Technique
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By Devices
6.2 North America
6.2.1 Introduction
6.2.2 United States
6.2.3 Canada
6.3 Europe
6.3.1 Introduction
6.3.2 U.K
6.3.3 Spain
6.3.4 Germany
6.3.5 Italy
6.3.6 France
6.4 Asia-Pacific
6.4.1 Introduction
6.4.2 China
6.4.3 India
6.4.4 Japan
6.4.5 Australia
6.4.6 South Korea
6.5 Latin America
6.5.1 Introduction
6.5.2 Brazil
6.5.3 Argentina
6.5.4 Mexico
6.5.5 Rest of Latin America
6.6 Middle East & Africa
6.6.1 Introduction
6.6.2 Middle-East
6.6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Impact Cryotherapy
8.1.1 Overview
8.1.2 Technique Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Galil Medical Inc.
8.3 HealthTronics, Inc.
8.4 KryoLife Inc
8.5 Medtronic
8.6 GRAND Cryo LLC
8.7 Erbe USA, Incorporated
8.8 Wallach Surgical Devices
8.9 MedGyn Products, Inc.
8.10 CoolTouch Inc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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