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Cryotherapy Units Market Size, Share, Growth Analysis Report By Product Type (Whole Body Cryotherapy and Partial Body Cryotherapy), By Cryogen Type (Liquid Nitrogen Therapy, Dry Ice Therapy, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028

Covid-19

Global Cryotherapy Units Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[225+ Pages Report] According to Facts and Factors, the global cryotherapy unit market size was worth USD 361.4 million in 2021 and is estimated to grow to USD 487.08 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.10% over the forecast period. The report analyzes the cryotherapy unit market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the cryotherapy units market.

logoMarket Overview

In addition to treating several tissues or nerve lesions, cryotherapy is often called cold or ice pack therapy. It treats conditions like skin cancer, retinoblastoma, melanoma, and cervical cancer, among others. Giving patients ice baths is also utilized to ease and relax body areas affected by muscle sprains, tissue damage, and prolonged activity. Blood vessels contract due to the cold, which reduces the number of inflammatory cytokines that can reach the location of intense pain. Different gases, including argon and nitrogen, are employed in cryotherapy treatments. Cryoprobes are used to treat primary tumors and malignancies in cancer and administer liquid nitrogen directly to the targeted areas. With new cancer treatment technologies development, the cryotherapy equipment market is projected to expand.

The story of cryotherapy equipment and other technological developments have led to cryotherapy's prominence as a therapeutic option. Among the updated pieces of equipment are accessories and cryosurgery machines. Cryochambers and cryo saunas, frequently utilized for pain management, rheumatoid arthritis treatment, and general beauty and health therapies, have also seen advancements. Despite being safer and less unpleasant than highly invasive surgical procedures, it is typically only used for extensive surgical treatments.

logoCOVID-19 Impact:

Coronavirus disease (COVID-19), a highly contagious viral illness brought on by the SARS-CoV-2 coronavirus, had a devastating impact on the world's demography. Governments in several nations imposed restrictions on hospital elective surgeries and medical procedures. Due to the efforts to contain the pandemic, a slowdown in demand and disruption in the supply of cryotherapy goods were seen during the pandemic. Due to these limitations, producers of cryotherapy equipment had to cope with problems such as altered consumer behavior, decreased demand, altered buying habits, and rerouting of the supply chain. Each of these issues negatively impacted the market for cryotherapy.

logoKey Insights

  • As per the analysis shared by our research analyst, the global cryotherapy unit market value is expected to grow at a CAGR of 5.10% over the forecast period.
  • In terms of revenue, the global cryotherapy unit market size was valued at around USD 361.4 million in 2021 and is projected to reach USD 487.08 million by 2028.
  • The growing technological advancements in the healthcare industry and updated pieces of equipment across the globe are the major factors driving the market’s growth.
  • By Product Type, the whole body cryotherapy category dominated the market in 2021.
  • By Cryogen Type Segment Analysis., the liquid nitrogen therapy category dominated the market in 2021.
  • North America dominated the cryotherapy units market in 2021.

logo Growth Drivers

  • Technology improvements in cryotherapy apparatus to drive market growth

The development of cryotherapy equipment and other technological developments have led to cryotherapy's prominence as a therapeutic option. Units and accessories for cryosurgery are some equipment that has undergone alterations. Cryochambers and cryo saunas, frequently utilized for pain management, rheumatoid arthritis treatment, and general beauty and health therapies, have also seen advancements. Other significant developments in cryosurgical technology include the use of supercooled liquid nitrogen or other cryogens for cooling, the introduction of thin and efficient probes that are offered in various sizes, and the utilization of narrow and improved cryoablation needles.

logo Restraints

  • limited availability of cryotherapy and lack of knowledge to hamper the market growth

Cryotherapy is still only available in a small number of places. Cryotherapy is mainly practiced in North America and Europe, and only a few other nations, including Japan, China, and Australia, have seen any breakthroughs in this area. This is mainly owing to a lack of awareness in those countries. Despite being safer and less unpleasant than highly invasive surgical procedures, it is typically only used for extensive surgical treatments. Although cryosurgery may be widely accessible for treating cervical neoplasias, according to the US NIH National Cancer Institute, only a few hospitals and cancer centers in the U.S. have the necessary equipment to perform cryosurgery for other noncancerous, precancerous, and cancerous conditions. During the foreseeable period, the limited availability of cryotherapy and a lack of knowledge about its advantages could limit market growth to some extent.

logo Opportunities

  • Increasing cryotherapy is becoming more critical to creating opportunities in the market.

Medical diseases, including cancer, heart disorders, and dermatological conditions, are treated with cryotherapy. Both partial and whole-body cryotherapy is utilized as a treatment for inflammation, pain relief, and discomfort. Cryotherapy is also being investigated for treating numerous other medical problems and diseases because it is minimally intrusive and drug-free. WBC is regarded as an energizing medication with the power to strengthen the anti-inflammatory and antioxidative barriers and block damaging stimuli.

logo Challenges

  • There is insufficient proof that whole-body cryotherapy is effective.

The US FDA issued a study cautioning the public against the claims made by spas and wellness centers on the efficacy of whole-body cryotherapy (WBC), even though WBC is frequently utilized as a treatment option in hotels, health & wellness centers, and fitness centers. The FDA has not yet determined if the therapy may treat illnesses or ailments like Alzheimer's, fibromyalgia, migraines, rheumatoid arthritis, multiple sclerosis, and stress. However, it may help with pain relief and hasten recovery. On the other hand, the FDA cautions that cryotherapy using liquid nitrogen reduces the oxygen in the air, which may produce dizziness or even unconsciousness in some patients. The US FDA has not yet authorized any WBC devices as medical devices.

logoSegmentation Analysis

The Global cryotherapy units market is segregated based on product type segment analysis and cryogen type segment analysis.

Based on Product Type Segment Analysis, the market is divided into Whole Body Cryotherapy and Partial Body Cryotherapy. The extensive use of the product type by athletes and other sportspeople due to the frequent incidence of injuries while participating in sports is responsible for the rise of the whole body cryotherapy sector throughout the forecast period. Although the FDA has not yet determined if whole-body cryotherapy can treat diseases or ailments, including Alzheimer's, fibromyalgia, migraines, rheumatoid arthritis, multiple sclerosis, or stress, it may help with pain relief and speed up recovery.

Based on Cryogen Type Segment Analysis, the market is divided into Liquid Nitrogen Therapy, Dry Ice Therapy, and Others. Due to the safety qualities of liquid nitrogen therapy, it has been widely used during the historical period, credited with the segmental growth throughout that time. The increased demand for surgical procedures worldwide is to blame for the expansion of liquid nitrogen therapy. This approach has fewer side effects than conventional methods, enabling quicker recovery. Additionally, it can be used in conjunction with other treatments such as radiation, chemotherapy, and hormone therapy as adjuvant therapy.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 361.4 Million

Projected Market Size in 2028

USD 487.08 Million

CAGR Growth Rate

5.10% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Zimmer MedizinSysteme GmbH, inomed Medizintechnik GmbH, YUKA, R&D Krion LLC, Metrum Cryoflex Sp. z o. o., Sp. K., Easytech Srl, Impact Cryotherapy, Grand Cryo LLC, Mecotec GmbH, Cryonic Medical, Titan Cryo, Cryotech Nordic Ltd., and Others

Key Segment

By Product Type, Cryogen Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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logoRecent Developments

  • Sion Pritchard and Rich Blake founded LVL5 Gyms Ltd in May 2022 to provide a welcoming atmosphere for people of all ages and abilities. The two invested in cutting-edge technology and envisioned a different service centered on happiness and wellbeing. Examples include targeted cryotherapy and the first Fit3D Pro scanner in the area.
  • Leading recovery technology innovator cryo-tech nordic, introduced the e°CABIN in May 2022. It is the first whole-body cryotherapy device on the market that is powered entirely by regular electricity and has automated functions for optimal safety and effectiveness.

logoRegional Landscape

  • North America is anticipated to command the cryotherapy market throughout the forecast period.

North America held the largest market share in 2021, as anticipated throughout the forecast period. The North American cryotherapy market is being driven by factors such as the increased popularity of cryotherapy, the prevalence of cancer, the increase in sports and physical activity-related injuries, and the prevalence of CVDs. The use of cryotherapy by athletes and fitness and beauty lovers has grown recently in the U.S., causing several professional and college training departments to install cryo sauna equipment at their facilities. The Canadian Cancer Society additionally promotes cryosurgery/cryoablation to treat certain cancer diseases.

During the projection period, the Asia Pacific region is anticipated to have the quickest rate of growth. Untapped prospects in the area, rising interest in cryosurgery for cancer and skin treatments, a quickly evolving healthcare infrastructure, and increasing disposable income levels in emerging nations contribute to this expansion. New product approval in developing regions is also a significant driving force.

logoCompetitive Landscape

Key players within the global Cryotherapy Units market include 

  • Zimmer MedizinSysteme GmbH 
  • inomed Medizintechnik GmbH 
  • YUKA 
  • R&D Krion LLC 
  • Metrum Cryoflex Sp. z o. o. 
  • Sp. K. 
  • Easytech Srl 
  • Impact Cryotherapy 
  • Grand Cryo LLC 
  • Mecotec GmbH 
  • Cryonic Medical 
  • Titan Cryo 
  • Cryotech Nordic Ltd.

The cryotherapy Units Market  is segmented as follows:

logoBy Product Type Segment Analysis

  • Whole Body Cryotherapy
  • Partial Body Cryotherapy

logoBy Cryogen Type Segment Analysis

  • Liquid Nitrogen Therapy
  • Dry Ice Therapy
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Cryotherapy Units Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Zimmer MedizinSysteme GmbH 
  • inomed Medizintechnik GmbH 
  • YUKA 
  • R&D Krion LLC 
  • Metrum Cryoflex Sp. z o. o. 
  • Sp. K. 
  • Easytech Srl 
  • Impact Cryotherapy 
  • Grand Cryo LLC 
  • Mecotec GmbH 
  • Cryonic Medical 
  • Titan Cryo 
  • Cryotech Nordic Ltd.

Frequently Asked Questions

Different gases, including argon and nitrogen, are employed in cryotherapy treatments. Cryoprobes are used to treat primary tumors and malignancies in cancer and administer liquid nitrogen directly to the targeted areas. With new cancer treatment technologies development, the cryotherapy equipment market is projected to expand. The story of cryotherapy equipment and other technological developments have led to cryotherapy's prominence as a therapeutic option.
The cryotherapy units market was worth USD 361.4 million in 2021 and is estimated to grow to USD 487.08 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.10% over the forecast period.
In 2021, North America held the largest market share, as anticipated throughout the forecast period. The North American cryotherapy market is being driven by factors such as the increased popularity of cryotherapy, the prevalence of cancer, the increase in sports and physical activity-related injuries, and the prevalence of CVDs. The use of cryotherapy by athletes and fitness and beauty lovers has grown recently in the U.S., causing several professional and college training departments to install cryo sauna equipment at their facilities.
Key players functioning in the cryotherapy units market are Zimmer MedizinSysteme GmbH, inomed Medizintechnik GmbH, YUKA, R&D Krion LLC, Metrum Cryoflex Sp. z o. o., Sp. K., Easytech Srl, Impact Cryotherapy, Grand Cryo LLC, Mecotec GmbH, Cryonic Medical, Titan Cryo, and Cryotech Nordic Ltd.
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