Some of the major factors propelling the Cryotherapy Market growth are rising demand for minimally invasive procedures, and an increase in demand for cryotherapy in beauty & wellness clinics, and fitness centers.
JERSEY CITY, N.J., June 29, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Cryotherapy Market" By Product (Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers & Cryosaunas), By Application (Surgical Applications, Pain Management, Recovery, Health, and Beauty), By End User (Hospitals & Specialty Clinics, Cryotherapy Centers, Spas & Fitness Centers), and By Geography. According to Verified Market Research, the Cryotherapy Market size was valued at USD 236.95 Million in 2021 and is projected to reach USD 554.9 Million by 2030, growing at a CAGR of 9% from 2022 to 2030.
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Browse in-depth TOC on "Cryotherapy Market"
202 - Pages
126 - Tables
37 - Figures
Global Cryotherapy Market Overview
The technological advancements in cryotherapy equipment are driving the worldwide Cryotherapy Market. Cryotherapy has become a vital treatment option, owing to advancements in cryotherapy and diverse technological innovations. Developments are observed in various equipment, including cryosurgery units and accessories. Cryochambers and Cryosaunas, which are widely used in the treatment of inflammation, rheumatoid arthritis, and pain management, have undergone developmental enhancements.
Moreover, cryosurgical equipment developments such as the introduction of thin and efficient probes that are available in several sizes, the utilization of supercooled nitrogen or other cryogens for cooling, and the use of narrow cryoablation needles. Moreover, the growing occurrence of cancer, sports injuries, and cardiac conditions is accelerating the use of cryotherapy. Furthermore, in dermatology, increasing the application of this procedure for beauty treatments is anticipated to boost the growth of the global Cryotherapy Market.
Key Developments
- In May 2022, Sion Pritchard and Rich Blake created LVL5 Gyms Ltd, proposing an inclusive, innovative environment accepting individuals of all ages and abilities. The pair invested in cutting-edge technology, such as localized Cryotherapy and the region's first Fit3D Proscanner, and foresee an entirely different offering focused on happiness and wellbeing.
- In May 2022, Leading inventors in the field of recovery technologies Cryotech Nordic released the e°CABIN, a 100 percent electrically driven whole-body cryotherapy device, giving the market's first equipment that operates on ordinary electricity and features automatized functions for maximum safety and performance.
Key Players
The major players in the market are CryoConcepts LP, Brymill Cryogenic Systems, Metrum Cryoflex, Medtronic, CooperSurgical, Inc., Cortex Technology, Mectronic Medicale S.r.l., Cryoalfa, Erbe Elektromedizin GmbH, Special Medical Technology Co., Ltd., Galil Medical, Inc., Physiomed Elektromedizin AG, Wallach Surgical Devices, Sanarus, and Zimmer MedizinSystems.
Verified Market Research has segmented the Global Cryotherapy Market On the basis of Product, Application, End User, and Geography.
- Cryotherapy Market, By Product
- Cryosurgery Devices
- Localized Cryotherapy Devices
- Cryochambers & Cryosaunas
- Cryotherapy Market, By Application
- Surgical Applications
- Pain Management
- Recovery, Health, and Beauty
- Cryotherapy Market, By End User
- Hospitals & Specialty Clinics
- Cryotherapy Centers
- Spas & Fitness Centers
- Cryotherapy Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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