Latin America Cryotherapy And Cryosurgery Market

Latin America Cryotherapy and Cryosurgery Market Size & Growth (2023 to 2028):

According to the report, the Latin America Cryotherapy and Cryosurgery Market Size is valued at USD 0.39 Billion in 2023 and projected to grow at a CAGR of 7.6%, to reach USD 0.56 billion by 2028 during the forecast period 2023 to 2028.

Cryotherapy is the local or general use of low temperature in medical treatments, used to treat a wide range of benign and malignant tissue damages, which are medically referred as lesions. Cryosurgery is a type of surgical treatment that involves the use of extremely cold temperatures to treat abnormal or diseased tissue and is widely used in skin treatments. Cryotherapy and Cryosurgery are a therapeutics and surgical procedures performed at very low temperatures.

Factors fuelling the growth of the market are wide use of cryotherapy to treat sports-related injuries, increasing incidences of skin-related diseases and cancers, increasing awareness and consciousness skin treatments and cancer-treating procedures. However, side effects, a strict regulatory framework, and high treatment costs are the factors hindering the growth of the market.

Latin America 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, And Others.
• By Device: Cryogun, Probes, Cryogen & Others.
• By Country: Mexico, Brazil, Argentina, Chile & the Rest of Latin America.

On the basis of type, the most common type of treatment is cryosurgery as this procedure helps in treating various cancers and skin diseases while icepack therapy is expected to grow the fastest.

On the basis of Application, Cancer therapy is the most widely applied field for cryotherapy while skin treatments are expected to grow the fastest due to recent advancements in technologies.

On the basis of region, Brazil holds the major share in the market 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.

Argentina is the fastest-growing region due to increasing expenditure on research and development as well as innovations and advancements in medical fields.

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