Cryotherapy and Cryosurgery Market Research Report -Forecast to 2027

Cryotherapy and Cryosurgery Market information, by Type (Ice Pack Therapy, Instant Ice Pack Therapy, Whole Body Cryotherapy, Partial Body Cryotherapy, Internal Cryotherapy and others), by Device Type (Cryogun, Cryo Chambers, Gas Cylinders, Cryo Probes, Cryosaunas, Thermocouple Devices, and others), by Application (Dermatology, Oncology, pain management, Trigeminal neuralgia, cardiology and others) Forecast to 2027

ID: MRFR/MED/2013-HCR | August 2022 | Region: Global | 82 Pages         


Cryotherapy and Cryosurgery Market

Cryotherapy and cryosurgery market size is expected to grow at an average CAGR of 6.9%, USD 419 million by 2027

Segmentation

By Type Ice Pack Therapy Instant Ice Pack Therapy Whole Body Cryotherapy Partial Body Cryotherapy Internal Cryotherapy
By Device Type Cryogun Cryo Chambers Gas Cylinders Cryo Probes Cryosaunas Thermocouple Devices
By Application Dermatology Oncology Pain Management Trigeminal Neuralgia Cardiology

Key Players

  • Cryotherapy (US)
  • Galil Medical Inc. (US)
  • KryoLife Inc (US)
  • Medtronic (Republic of Ireland)
  • GRAND Cryo LLC (Russia)
  • Erbe USA
  • Incorporated

Drivers

  • Increasing awareness and consciousness about skin and related diseases
  • Increasing number of cancer treatments
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Cryotherapy and Cryosurgery Market Overview


Cryotherapy and cryosurgery market reached USD 2.65 billion in 2015. The market will acquire USD 4.29 billion by 2023 and a CAGR of 6.9 % in the forecast period by 2027. 


Cryotherapy and cryosurgery are medical processes carried through low temperatures. The treatment uses extremely cold temperatures. It is used to destroy or remove disease tissues. It is used for curing cancer and removing skin tags like warts, moles, etc. It is also known for treating heart diseases, injuries, skin problems, improving immunity, blood pressure, etc. Due to these, the Cryotherapy and cryosurgery market notices a huge growth rate.


Cryotherapy also treats sports-related injuries. The rise in innovation and technological advancement is letting the market grow higher. The higher rate of awareness and consciousness of skin-related diseases are also enhancing the growth of the market. The demand for cancer treatments is bringing up huge opportunities for the market.


Cryotherapy is now a treatment option due to the technological innovations in cryotherapy equipment over the years. Developments in various equipment, including cryosurgery and accessories, will let the market enhance. Cryochambers and cryo saunas used in treating rheumatoid arthritis, inflammation, and pain management are letting the market grow higher. Moreover, cryosurgical equipment is noticing significant developments like the usage of supercooled liquid nitrogen the introduction of efficient probes in several sizes, and improved cryoablation needles will help the market prove its worth in the forecast period.


Study Objectives of Cryotherapy Market:



  • To provide detail analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the cryotherapy and cryosurgery market.

  • To provide insights about factors affecting the market growth.

  • To analyze the cryotherapy and cryosurgery market based on various analyses which includes price analysis, supply chain analysis, Porters Five Forces analysis etc.

  • To provide past and estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries namely Americas, Europe, Asia-Pacific, and Middle East & Africa.

  • To provide country level analysis of the market with respect to the current market size and future growth prospect.

  • To provide country level analysis of the market for segments by type, by device type, by application its sub-segments.

  • To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies and drawing a competitive landscape of the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the cryotherapy and cryosurgery


Cryotherapy and Cryosurgery Market, by Type, 2015 (%):


 


Cryotherapy and Cryosurgery Market 


Intended Audience:



  • Hospitals and clinics

  • Cryotherapy and cryosurgery devices manufacturers and suppliers

  • Government and independent regulatory authorities

  • Research laboratories

  • Research and Development (R&D) companies

  • Market research and consulting service providers

  • Medical research laboratories

  • Potential investors


Segments:


Cryotherapy and cryosurgery market has been segmented on the basis of type which comprise Ice pack therapy, instant ice pack therapy, whole body cryotherapy, partial body cryotherapy, internal cryotherapy and others. On the basis of devices type it is segmented into cryogun, cryo chambers, gas cylinders, cryo probes, cryosaunas thermocouple devices and others. On the basis of application it is segmented into dermatology, oncology, pain management, trigeminal neuralgia, cardiology and others. 

Recent Development


In April 2022


Thermo Fisher Scientific, a Scientific service provider, has deployed its cryo-transmission electron microscope at the Centre for Cellular and Molecular Biology at Hyderabad in Telangana. Dr. Shekhar Mande, the director-general of the Council of Scientific and Industrial Research has inaugurated the research center facility.


According to the company, advanced cryo-electron microscopes support advanced cellular and molecular biology research. This will enable scientists for potential cures, diagnostics research, and drug discoveries.


Key Players for Cryotherapy and cryosurgery Market:



  • Cryotherapy (US)

  • Galil Medical Inc. (US)

  • HealthTronics, Inc.(US)

  • KryoLife Inc (US)

  • Medtronic (Republic of Ireland)

  • GRAND Cryo LLC (Russia)

  • Erbe USA

  • Incorporated

  • Wallach Surgical Devices (US)

  • MedGyn Products, Inc. (US) 


Regional Analysis of Cryotherapy Market:


Considering the global scenario of the market, North America region is believed to be the largest market for cryotherapy and cryosurgery. Moreover the European market is also growing and is the second largest market for Cryotherapy and cryosurgery. On the other hand, Asia-Pacific market for the same is expected to grow at significant rate during the forecasted period. Rest of the world is likely to have a limited but steady growth in the market. The report of Cryotherapy and Cryosurgery Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value & volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different markets segments and regions. 



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4.29 billion
  CAGR   6.9% :2017-2023
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Device Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Impact Cryotherapy (US), Galil Medical Inc. (US), HealthTronics, Inc.(US), KryoLife Inc (US), Medtronic (Republic of Ireland), GRAND Cryo LLC (Russia), Erbe USA, Incorporated, Wallach Surgical Devices (US), MedGyn Products
  Key Market Opportunities   New product developments
  Key Market Drivers

  • Continuous innovation and technological advancement
  • Increasing awareness and consciousness about skin and related diseases


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    Frequently Asked Questions (FAQ) :

    Global Cryotherapy and Cryosurgery Market is projected to grow at a 6.9% CAGR between 2017-2023.

    North America is predicted to dominate the Cryotherapy and Cryosurgery Market.

    Global Cryotherapy and Cryosurgery Market is predicted to touch USD 4.29 billion by 2023.

    It finds extensive applications in cardiology, trigeminal neuralgia, pain management, oncology, and dermatology.

    High cost and side effects may limit market growth.