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Global Cryotherapy Units Market is Likely to Grow at a CAGR Value of 5.10% by 2028

05-Aug-2022 | Facts and Factors

According to Facts and Factors, the global cryotherapy units market size was worth around USD 361.4 million in 2021 and is estimated to grow to about 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 units market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Cryotherapy Units Market.

In addition to treating a number of tissue or nerve lesions, cryotherapy is often referred to as cold or ice pack therapy. It is used to treat 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 really 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 the development of new cancer treatment technologies, the market for cryotherapy equipment is projected to expand. The market is anticipated to develop due to cryotherapy, a non-invasive method that offers a localized and focused approach to treating cancer.

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Browse the full “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" report at https://www.fnfresearch.com/cryotherapy-units-market

The development of cryotherapy equipment throughout the years and different 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 cryosaunas, which are frequently utilized for pain management, rheumatoid arthritis treatment, and general beauty and health therapies, have also seen advancements. Cryotherapy is still only available in a small number of places. Cryotherapy is mostly practiced in North America and Europe, and only a small number of other nations, including Japan, China, and Australia, have seen any breakthroughs in this area. This is largely 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.

Segmental Overview

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. based on cryogen type segment analysis, the market is divided into liquid nitrogen therapy, dry ice therapy and others. In terms of volume, liquid nitrogen therapy will dominate the cryogen market. Due to the safety qualities of liquid nitrogen therapy, it has been widely used during the historical period, which is credited with the segmental growth throughout that time.

Regional Overview

North America held the largest market share in the year 2021, and it is anticipated that this will hold true 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 US, causing several professional and college training departments to install cryosauna equipment at their facilities.

The Canadian Cancer Society additionally promotes the use of cryosurgery/cryoablation for the treatment of certain cancer diseases. Untapped prospects in the area, rising interest in cryosurgery for cancer and skin treatments, a quickly evolving healthcare infrastructure, and rising disposable income levels in emerging nations are all contributing factors to this expansion. New product approval in developing regions is also anticipated to be a significant driving force.

Report 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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Competitive Landscape

The report contains qualitative and quantitative research on the global cryotherapy units market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

Key players in the global cryotherapy units market includes; Zimmer MedizinSysteme GmbH, inomedMedizintechnik GmbH, YUKA, R&D Krion LLC, MetrumCryoflex Sp. z o. o., Sp. K., EasytechSrl, Impact Cryotherapy, Grand Cryo LLC, Mecotec GmbH, Cryonic Medical, Titan Cryo and Cryotech Nordic Ltd.

Recent developments:

  • A partnership between the healthcare technology business Koninklijke Philips N.V., based in Amsterdam, and Medtronic Plc, an American-Irish registered medical device corporation, was established in May 2019. With this collaboration, cryoablation technique image guiding will likely be integrated and innovative.

The cryotherapy Units Market  is segmented as follows:

By Product Type

  • Whole Body Cryotherapy
  • Partial Body Cryotherapy

By Cryogen Type

  • Liquid Nitrogen Therapy
  • Dry Ice Therapy
  • Others

By Region

  • 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

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