The Cryotherapy Market report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The Cryotherapy Market key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
The global cryotherapy market size was USD 6.34 Billion in 2021 and is expected to register a revenue CAGR of 8.37% during the forecast period, according to latest analysis by Emergen Research. Increasing use of cryotherapy for treatment of non-cancerous dermal conditions is a crucial factor driving market revenue growth. Rapid technological advancements in cryotherapy devices and increasing use of cryotherapy to treat skin problems are some key factors driving global cryotherapy market revenue growth. Increasing usage of cryotherapy for treating mood disorders are also expected to boost revenue growth of the market to a significant extent. Whole-body cryotherapy entails use of ultra-cold temperatures that can cause physiological hormonal responses, and causes release of adrenaline, noradrenaline, and endorphins. This has the potential to benefit those suffering from mood disorders such as anxiety as well as depression. According to studies, whole-body cryotherapy proved beneficial in short-term treatments for both.
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Some Key Highlights From the Report
- The pain management segment is expected to register a significantly steady revenue growth rate over the forecast period. This is due to rising prevalence of joint and muscular pain among members of elderly population as well as launch of advanced cryotherapy solutions for pain management. Patients of arthritis, tendonitis, runner’s knee, and lower back pain regularly use cryotherapy for pain relieving and slowing down transmission of pain to their brain.
- The cryochambers segment revenue is expected to register a steady CAGR during the forecast period. Rising demand for cryochambers in sports training centers, spas, and beauty parlors is expected to drive revenue growth of this segment. Recently, companies have collaborated with gyms and fitness centers to install cryochambers for providing relief from post-exercise pain and reduce athletic injuries.
- The hospitals segment is expected to register a moderate CAGR during the forecast period. Increasing preferences of cancer patients and various dermatological conditions to get treated in hospitals due to availability of equipment as well as healthcare providers, nurses, and ambulatory services is driving revenue growth of this segment. In addition, increasing number of investments in healthcare and rise in healthcare spending are some other factors expected to support revenue growth between 2022 and 2030.
The latest report is the most recent study that offers 360° coverage of the Cryotherapy industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Cryotherapy market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Segmental Analysis
The global Cryotherapy market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Cryotherapy sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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Emergen Research has segmented the global cryotherapy market based on services, devices, application, end-use, and region:
- Services Outlook (Revenue, USD Billion; 2019-2030)
- Whole Body Cryotherapy
- Ice Pack Therapy
- Cold Water Immersion
- Partial Body Cryotherapy
- Cryosurgery
- Devices Outlook (Revenue, USD Billion; 2019-2030)
- Cryochamber
- Cryogun
- Cryoprobes
- Tissue Spray Probes
- Tissue Contact Probes
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Skin Tags, Warts, and Dark Spots
- Cancer
- Cervical
- Prostate
- Liver
- Bone
- Retinoblastoma
- Carcinoma
- Pre-Cancerous Moles
- Pain Management
- Rheumatoid Arthritis
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Cryotherapy Clinics
- Spas and Fitness Centers
- Others
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Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Cryotherapy market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Competitive Terrain:
The Global Cryotherapy Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
Medtronic plc, CryoConcepts LP, Cortex Technology ApS, CooperSurgical, Inc., Mectronic Medicale S.r.l., Kriosystem-Care Sp. z o.o., Metrum Cryoflex Sp. z o.o., Erbe USA, Incorporated, Brymill Cryogenic Systems, and Zimmer MedizinSysteme GmbH
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Report Highlights:
- The report conducts a comparative assessment of the leading market players participating in the global Cryotherapy market.
- The report marks the notable developments that have recently taken place in the Cryotherapy industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Cryotherapy market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
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Key questions addressed in the report:
- Who are the leading players dominating the global Cryotherapy Market?
- Which factors could potentially hamper the global market growth during the forecast period?
- Which regional market offers the most attractive growth opportunities to the companies operating in this market?
- How is the raw material availability affecting the demand for Cryotherapy in this industry vertical?
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