Cryotherapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Report
174 Pages
January 2024
Region: Global
Fairfield Market Research
ID: 5934386

The global cryotherapy market is poised for significant expansion in the coming years, with North America expected to dominate the market, while the Asia Pacific (APAC) region also plays a crucial role in the industry's growth. A recent analysis by the publisher the Cryotherapy Market had a valuation of USD 319 million in 2024 and is expected to reach USD 540 million by 2031. Several key factors driving this market's growth include the rising prevalence of chronic diseases, the growing adoption of cryotherapy for sports and fitness purposes, an increasing preference for minimally/non-invasive treatments, and a rising demand for wellness and cosmetic procedures.

Market Evolution Through Partnerships

The global cryotherapy market is characterized by fragmentation, with leading players adopting strategic partnerships and associations to deliver top-quality, long-term services. Companies are actively collaborating with sports clubs, athletic organizations, and complementary businesses to foster organic growth. For example, Impact Cryotherapy, a prominent manufacturer of cryosaunas based in the U.S., has entered into several agreements with various sports associations.

North America's Dominance

North America is expected to lead the global cryotherapy market, holding more than 35% of the revenue share in 2023. Factors driving this growth include an increasing number of surgical procedures, rapid product launches, and expanded product indications. The region is anticipated to witness the fastest market growth, driven by the entry of major players and emerging local firms.

APAC's Growth Potential

In contrast, the APAC region is projected to maintain the third position in the global cryotherapy market. Countries like China, Japan, and Australia are experiencing a growing installed base of cryosurgical equipment and cryochambers, driving the regional market's growth. APAC is expected to represent an incremental opportunity between 2024 and 2031.

Regional Analysis

In the United States, the cryotherapy market is set to achieve substantial growth by 2031. The presence of skilled medical professionals and advanced hospital technology positions it as the most profitable end-user segment in North America's cryotherapy market.
Canada, conversely, is anticipated to experience a growth rate of 5.1% during the forecast period, with cryosurgery being the preferred choice among office-based gynecologists.
India's cryotherapy market is projected to gain market share by 2031, while Australia and New Zealand are expected to present a substantial opportunity between 2024 and 2031. This growth is attributed to the increasing utilization of cryosurgery for prostate cancer treatment and the rise in medical tourism.

Competitive Analysis:

Leading market players are engaged in fierce competition to secure the largest share of the global cryotherapy market. Some key players are expanding their product portfolios by introducing new or technologically advanced products to cater to their target consumers.

Some of the prominent players in the global market for Cryotherapy Market are:

Zimmer MedizinSysteme GmbH
Erbe Elektromedizin GmbH
Impact Cryotherapy Inc.
KrioSystem Sp. z.o.o
The Cooper Companies Inc.
Air Products and Chemicals, Inc.
METRUM CRYOFLEX Sp. z o.o., Sp. K.
Novotech S.R.O
Others

Global Cryotherapy Market Segmentation

By Product Type

Cryotherapy Chambers /Cryosauna
Local Cryotherapy Equipment
Cryofacial Equipment
Cryoanalgesia Equipment
Cryosurgery Equipment
Others (Cryoshaping devices, lipolysis devices etc.)
Cryosurgery Equipment

By Application

Oncology
Cardiology
Dermatology
Pain management
Others (Sports medicine & physiotherapy)

By End User

Fitness Center and Beauty Spa
Cryotherapy Centers
Hospitals
Specialty Clinics

By Region

North America
Latin America
Europe
APAC
MEA

This product will be delivered within 1-3 business days.

1. Executive Summary

1.1. Global Cryotherapy Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Cryotherapy Market Outlook, 2018 - 2031

3.1. Global Cryotherapy Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Cryotherapy Chambers /Cryosauna
3.1.1.2. Local Cryotherapy Equipment
3.1.1.2.1. Cryofacial Equipment
3.1.1.2.2. Cryoanalgesia Equipment
3.1.1.2.3. Cryosurgery Equipment
3.1.1.2.4. Others (Cryoshaping devices, lipolysis devices etc.)
3.1.1.3. Cryosurgery Equipment
3.2. Global Cryotherapy Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Oncology
3.2.1.2. Cardiology
3.2.1.3. Dermatology
3.2.1.4. Pain management
3.2.1.5. Others (Sports medicine & physiotherapy)
3.3. Global Cryotherapy Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Fitness Centre and Beauty Spa
3.3.1.2. Cryotherapy Centres
3.3.1.3. Hospitals
3.3.1.4. Specialty Clinics
3.4. Global Cryotherapy Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa

4. North America Cryotherapy Market Outlook, 2018 - 2031

4.1. North America Cryotherapy Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Cryotherapy Chambers /Cryosauna
4.1.1.2. Local Cryotherapy Equipment
4.1.1.2.1. Cryofacial Equipment
4.1.1.2.2. Cryoanalgesia Equipment
4.1.1.2.3. Cryosurgery Equipment
4.1.1.2.4. Others (Cryoshaping devices, lipolysis devices etc.)
4.1.1.3. Cryosurgery Equipment
4.2. North America Cryotherapy Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Oncology
4.2.1.2. Cardiology
4.2.1.3. Dermatology
4.2.1.4. Pain management
4.2.1.5. Others (Sports medicine & physiotherapy)
4.3. North America Cryotherapy Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Fitness Centre and Beauty Spa
4.3.1.2. Cryotherapy Centres
4.3.1.3. Hospitals
4.3.1.4. Specialty Clinics
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Cryotherapy Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
4.4.1.2. U.S. Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.3. U.S. Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
4.4.1.4. Canada Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
4.4.1.5. Canada Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.6. Canada Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Cryotherapy Market Outlook, 2018 - 2031

5.1. Europe Cryotherapy Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Cryotherapy Chambers /Cryosauna
5.1.1.2. Local Cryotherapy Equipment
5.1.1.2.1. Cryofacial Equipment
5.1.1.2.2. Cryoanalgesia Equipment
5.1.1.2.3. Cryosurgery Equipment
5.1.1.2.4. Others (Cryoshaping devices, lipolysis devices etc.)
5.1.1.3. Cryosurgery Equipment
5.2. Europe Cryotherapy Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Oncology
5.2.1.2. Cardiology
5.2.1.3. Dermatology
5.2.1.4. Pain management
5.2.1.5. Others (Sports medicine & physiotherapy)
5.3. Europe Cryotherapy Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Fitness Centre and Beauty Spa
5.3.1.2. Cryotherapy Centres
5.3.1.3. Hospitals
5.3.1.4. Specialty Clinics
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Cryotherapy Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.2. Germany Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.3. Germany Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.4. U.K. Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.5. U.K. Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.6. U.K. Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.7. France Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.8. France Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.9. France Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.10. Italy Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.11. Italy Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.12. Italy Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.13. Turkey Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.14. Turkey Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.15. Turkey Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.16. Russia Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.17. Russia Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.18. Russia Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.19. Rest of Europe Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
5.4.1.20. Rest of Europe Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.21. Rest of Europe Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Cryotherapy Market Outlook, 2018 - 2031

6.1. Asia Pacific Cryotherapy Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Cryotherapy Chambers /Cryosauna
6.1.1.2. Local Cryotherapy Equipment
6.1.1.2.1. Cryofacial Equipment
6.1.1.2.2. Cryoanalgesia Equipment
6.1.1.2.3. Cryosurgery Equipment
6.1.1.2.4. Others (Cryoshaping devices, lipolysis devices etc.)
6.1.1.3. Cryosurgery Equipment
6.2. Asia Pacific Cryotherapy Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Oncology
6.2.1.2. Cardiology
6.2.1.3. Dermatology
6.2.1.4. Pain management
6.2.1.5. Others (Sports medicine & physiotherapy)
6.3. Asia Pacific Cryotherapy Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Fitness Centre and Beauty Spa
6.3.1.2. Cryotherapy Centres
6.3.1.3. Hospitals
6.3.1.4. Specialty Clinics
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Cryotherapy Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
6.4.1.2. China Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.3. China Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.4. Japan Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
6.4.1.5. Japan Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.6. Japan Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.7. South Korea Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
6.4.1.8. South Korea Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.9. South Korea Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.10. India Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
6.4.1.11. India Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.12. India Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.13. Southeast Asia Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
6.4.1.14. Southeast Asia Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.15. Southeast Asia Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Cryotherapy Market Outlook, 2018 - 2031

7.1. Latin America Cryotherapy Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Cryotherapy Chambers /Cryosauna
7.1.1.2. Local Cryotherapy Equipment
7.1.1.2.1. Cryofacial Equipment
7.1.1.2.2. Cryoanalgesia Equipment
7.1.1.2.3. Cryosurgery Equipment
7.1.1.2.4. Others (Cryoshaping devices, lipolysis devices etc.)
7.1.1.3. Cryosurgery Equipment
7.2. Latin America Cryotherapy Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Oncology
7.2.1.2. Cardiology
7.2.1.3. Dermatology
7.2.1.4. Pain management
7.2.1.5. Others (Sports medicine & physiotherapy)
7.3. Latin America Cryotherapy Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Fitness Centre and Beauty Spa
7.3.1.2. Cryotherapy Centres
7.3.1.3. Hospitals
7.3.1.4. Specialty Clinics
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Cryotherapy Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
7.4.1.2. Brazil Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.3. Brazil Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.4. Mexico Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
7.4.1.5. Mexico Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.6. Mexico Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.7. Argentina Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
7.4.1.8. Argentina Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.9. Argentina Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.10. Rest of Latin America Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
7.4.1.11. Rest of Latin America Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.12. Rest of Latin America Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Cryotherapy Market Outlook, 2018 - 2031

8.1. Middle East & Africa Cryotherapy Market Outlook, by Product Type, Value (US$ Mn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Cryotherapy Chambers /Cryosauna
8.1.1.2. Local Cryotherapy Equipment
8.1.1.2.1. Cryofacial Equipment
8.1.1.2.2. Cryoanalgesia Equipment
8.1.1.2.3. Cryosurgery Equipment
8.1.1.2.4. Others (Cryoshaping devices, lipolysis devices etc.)
8.1.1.3. Cryosurgery Equipment
8.2. Middle East & Africa Cryotherapy Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Oncology
8.2.1.2. Cardiology
8.2.1.3. Dermatology
8.2.1.4. Pain management
8.2.1.5. Others (Sports medicine & physiotherapy)
8.3. Middle East & Africa Cryotherapy Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Fitness Centre and Beauty Spa
8.3.1.2. Cryotherapy Centres
8.3.1.3. Hospitals
8.3.1.4. Specialty Clinics
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Cryotherapy Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
8.4.1.2. GCC Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.3. GCC Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.4. South Africa Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
8.4.1.5. South Africa Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.6. South Africa Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.7. Egypt Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
8.4.1.8. Egypt Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.9. Egypt Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.10. Nigeria Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
8.4.1.11. Nigeria Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.12. Nigeria Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Cryotherapy Market by Product Type, Value (US$ Mn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Cryotherapy Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Cryotherapy Market by End User, Value (US$ Mn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Product Type vs by Application Heat map
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Zimmer MedizinSysteme GmbH
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Erbe Elektromedizin GmbH
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Impact Cryotherapy Inc.
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. KrioSystem Sp. z.o.o
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. The Cooper Companies Inc.
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Air Products and Chemicals, Inc.
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. METRUM CRYOFLEX Sp. z o.o., Sp. K.
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Novotech S.R.O
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

Zimmer MedizinSysteme GmbH
Erbe Elektromedizin GmbH
Impact Cryotherapy Inc.
KrioSystem Sp. z.o.o
The Cooper Companies Inc.
Air Products and Chemicals, Inc.
METRUM CRYOFLEX Sp. z o.o., Sp. K.
Novotech S.R.O

Methodology

LOADING...

Market Evolution Through Partnerships

North America's Dominance

APAC's Growth Potential

Regional Analysis

Competitive Analysis:

Global Cryotherapy Market Segmentation

By Product Type

By Application

By End User

By Region

Table of Contents

Companies Mentioned

Methodology

Related Topics

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