18-Oct-2021 | Zion Market Research
As per the findings of Zion Market Research study, Cryotherapy industry gathered revenue about US$ 4.1 billion in 2020 and is slated to earn revenue of approximately US$ 8.7 billion by 2028. The Cryotherapy market is projected to register highest gains of approximately 10.5% in 2021-2028. Apparently, humungous demand for minimally invasive methods and surging cases of injuries after performing physical activities is projected to create new growth avenues for cryotherapy market over years to come. Rise in number of injuries during sports events has resulted into immense penetration of cryotherapy in sports industry, thereby steering market trends. A prominent increase in use of cryotherapy in dermis for enhancing beauty of an individual will embellish business landscape. Apparently, growing awareness about health & fitness as well as wellness will chart a profitable growth curve for cryotherapy market.
Surgical Segment To Dominate Application Landscape By 2028
Growth of surgical segment over assessment period can be attributed to large-scale use of surgical devices in oncological treatment including treating of skin cancer, prostate cancer, and cervical cancer. In addition to this, rise in occurrence of cancer along with rise in awareness about myriad kinds of cryotherapy approaches will prompt segmental dominance even in coming years. Apparently, surgical devices are also used for treating rheumatoid arthritis and osteoarthritis, particularly, occurring most prominently in elderly persons.
Cryosurgery Devices Segment To Make Major Contributions Towards Market Revenue Over 2021-2028
Rise in product penetration across healthcare sector can be attributed to escalating number of minimally invasive surgeries. In addition to this, rise in use of cryosurgery for treating low-grade cancers as well as non-cancerous tumors is anticipated to create lucrative growth avenues for product in healthcare industry. This, in turn, will steer segmental growth in forthcoming years. Additionally, cryosurgery devices are also utilized in treating precancerous skin growths such as actinic keratosis as well as precancerous conditions including cervical intraepithelial neoplasia. This product can also be used for treating Retinoblastoma- an early phase of skin cancers such as basal cell carcinoma and squamous cell carcinoma.
Hospitals Segment To Boost Cryotherapy Market Value In 2021-2028
The segmental growth can be credited to rise in occurrence of chronic ailments along with supportive government laws. Moreover, hospitals are key units for cryosurgery as there is massive demand for cryosurgeries in clinics.
North America To Make Notable Contributions Towards Overall Market Share By 2028
Growth of cryotherapy market in North America can be credited to presence of skilled persons in sub-continent. In addition to this, rise in acceptance of whole body cryotherapy for treating chronic disorders will boost regional market growth. Rise in sports-related injuries among sports persons with increase in sports events in countries such as Canada and the U.S. will enhance demand for cryotherapy in the sub-continent.
A large number of participants have influenced industry landscape and some of them have been profiled in our report. They are Cortex Technology, CooperSurgical, Inc., Metrum Cryoflex Sp. z oo, Sp., ERBE Elektromedizin GmbH, CryoConcepts LP, Special Medical Technology Co., Ltd., Brymill Cryogenic Systems, Cryoalfa, Medtronic Corporation, and Mectronic Medicale S.r.l.
Browse the full “Cryotherapy Market - By Product (Cryotherapy Devices, Cryosurgery Devices, And Cryochambers & Cryosaunas), By Application (Surgical Applications, Pain Management, Recovery, And Health & Beauty), By End-User (Hospitals And Cryotherapy Units), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/cryotherapy-market
The global Cryotherapy Market is segmented as follows:
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