Cryotherapy Trends and Forecast
The future of the global cryotherapy market looks promising with opportunities in the hospitals & specialty clinics, cryotherapy centers, and spas & fitness centers markets. The global cryotherapy market is expected to grow with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are increasing need for minimally invasive medical techniques and widespread occurrence of skin disorders and chronic ailments.Cryotherapy by Segment
The study includes a forecast for the global cryotherapy by therapy type, device type, application, end use, and region.Cryotherapy Market by Therapy Type [Shipment Analysis by Value from 2018 to 2030]
- Cryosurgery
- Icepack Therapy
- Chamber Therapy
Cryotherapy Market by Device Type [Shipment Analysis by Value from 2018 to 2030]
- Cryogun
- Cryo Probes
- Gas Cylinders
- Localized Cryotherapy Devices
- Cryochambers & Cryosaunas
- Other
Cryotherapy Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Surgical Applications
- Pain Management
- Beauty & Wellness
- Fitness
- Cold Storage
- Others
Cryotherapy Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Hospitals & Specialty Clinics
- Cryotherapy Centers
- Spas & Fitness Centers
- Others
Cryotherapy Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Cryotherapy Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cryotherapy companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cryotherapy companies profiled in this report include-- Brymill Cryogenic Systems
- Metrum Cryoflex
- Cryoconcepts
- Medtronic
- Cortex Technology
- Medtronic Medicale
- Cryoalfa
Cryotherapy Market Insights
The publisher forecasts that fitness is expected to witness highest growth over the forecast period due to growing awareness of cryotherapy benefits in fitness, coupled with increased adoption of cryo chambers in fitness clubs.Within this market, hospitals & specialty will remain the highest segment due to innovations in cryotherapy technology for treating diverse diseases and disorders.
Asia Pacific is expected to witness largest growth over the forecast period due to rising disposable incomes, a rapidly expanding healthcare infrastructure, and growing knowledge of cryosurgery in cancer and skin treatments.
Features of the Global Cryotherapy Market
- Market Size Estimates: Cryotherapy market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Cryotherapy market size by various segments, such as by therapy type, device type, application, end use, and region in terms of value ($B).
- Regional Analysis: Cryotherapy market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different therapy type, device type, application, end use, and regions for the cryotherapy market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cryotherapy market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for cryotherapy market?Answer: The global cryotherapy market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the cryotherapy market?
Answer: The major drivers for this market are increasing need for minimally invasive medical techniques and widespread occurrence of skin disorders and chronic ailments.
Q3. What are the major segments for cryotherapy market?
Answer: The future of the cryotherapy market looks promising with opportunities in the hospitals & specialty clinics, cryotherapy centers, and spas & fitness centers markets.
Q4. Who are the key cryotherapy market companies?
Answer: Some of the key cryotherapy companies are as follows:
- Brymill Cryogenic Systems
- Metrum Cryoflex
- Cryoconcepts
- Medtronic
- Cortex Technology
- Medtronic Medicale
- Cryoalfa
Answer: The publisher forecasts that fitness is expected to witness highest growth over the forecast period due to growing awareness of cryotherapy benefits in fitness, coupled with increased adoption of cryo chambers in fitness clubs.
Q6. In cryotherapy market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to witness largest growth over the forecast period due to rising disposable incomes, a rapidly expanding healthcare infrastructure, and growing knowledge of cryosurgery in cancer and skin treatments.
Q7. Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the cryotherapy market by therapy type (cryosurgery, icepack therapy, and chamber therapy), device type (cryogun, cryo probes, gas cylinders, localized cryotherapy devices, cryochambers & cryosaunas, and other), application (surgical applications, pain management, beauty & wellness, fitness, cold storage, and others), end use (hospitals & specialty clinics, cryotherapy centers, spas & fitness centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Cryotherapy Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Brymill Cryogenic Systems
- Metrum Cryoflex
- Cryoconcepts
- Medtronic
- Cortex Technology
- Medtronic Medicale
- Cryoalfa
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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