Pre & Post COVID-19 Impact Analysis on Cryotherapy Market 2020 Major Players are Quantum Cryogenics, Pacira BioSciences, Inc., AtriCure, Inc., BTG International Ltd

The world isn't just battling a wellbeing pandemic yet additionally a financial one, as the Novel Coronavirus (COVID - 19) throws its long shadow over economies around the world. The total lockdown circumstance in a few nations has legitimately or by implication affected numerous ventures causing a move in exercises like inventory network tasks, seller activities, item commercialization, and so on. In the most recent report on Global Cryotherapy Market, distributed by Market Research Intellect, various parts of the ebb and flow advertise situation have been mulled over and a brief investigation has been assembled to carry you with an examination that has Pre-and Post-COVID advertise examination. Our investigators are observing intently, the development and decrease in every part due to COVID - 19, to offer you with quality administrations that you requirement for your organizations. The report incorporates exhaustive data relating to the driving components, point by point serious investigation about the key market substances and significant bits of knowledge in regards to the worthwhile open doors that lie before the business players to alleviate hazards in such conditions.

Global cryotherapy market is rising gradually with a substantial CAGR of 9.4% in the forecast period of 2019-2026. The rising incidence of cancer and sport injuries, rising demand of minimal invasive therapies and technology advancement in cryotherapy equipment are major drivers of the market growth.

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Key Market Players:

Few of the major competitors currently working in the global cryotherapy market are Quantum Cryogenics, Pacira BioSciences, Inc., AtriCure, Inc., BTG International Ltd., Brymill Cryogenic Systems, Kriosystem - Care Sp. z o.o., US CRYOTHERAPY, CryoConcepts LP , Erbe Medical India Pvt Ltd, Zimmer MedizinSysteme GmbH, Medtronic, Cortex Technology, , Special Medical Technology Co., Ltd., CooperSurgical Inc., Sanarus, PHYSIOMED AG, Cryomed s.r.o. CryosaunasCryoTherapeutics, CSA Medical, Inc. among others.

Competitive Analysis:

Global cryotherapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cryotherapy market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Developments in the Market:

In March 2019, Pacira BioSciences, Inc. acquired MyoScience, Inc. This acquisition gives Pacira BioSciences, Inc., rights on iovera, a cryotherapy technology medical device used for non-opioid pain treatment. This acquisition also includes Exparel (bupivacaine), a local anaesthetic. The company is planning to develop a combination cryotherapy of iovera and exparel
In January 2019, Quantum Cryogenics launched CryoQube, the world's first 'indirect' whole body cryotherapy chamber. This cryotherapy chamber is different from other cryotherapy chambers as it does not include direct exposure of liquid nitrogen which is why it is an 'indirect' cryotherapy chamber. The use of CryoCube will benefit in recovery of muscle injury and enhancing the performance in sports

Market Definition: Global Cryotherapy Market

Cryotherapy is also called cold therapy. It is a technique of exposure of targeted regions of body to an extremely cold environment. This therapy can be applied on targeted spots and whole body also. Cryotherapy is majorly used in treatment of some cancers such as prostate cancer and pain treatment. Additionally, cryotherapy is also used in treatment of abnormal skin cells.

As per the retrospective data, approximately 87% of dermatologists practice cryotherapy. In treatment of basal cell carcinoma, the application of cryotherapy reduces the rate of recurrence up to 7.5% for approximately 5 years. The application of cryotherapy is wide and useful according to the treatment module required.

Global Cryotherapy Market By Type (Whole Body Cryotherapy, Partial Body Cryotherapy, Internal Cryotherapy, Others), Products (Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers and others), Applications (Cancer, Pain Management, Dermatology, Others), End Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Drivers

Rising incidence of cancers and sports injuries acts as a market driver
Increasing demand of minimally invasive procedures also acts as a factor boosting the growth of this market in the forecast period
Prevailing technological advancements in cryotherapy equipment is another factor uplifting the market growth
Increasing popularity in the beauty, wellness, and fitness is spurring the growth of this market

Market Restraints

Stringent regulations regarding product approval acts as a restricting factor for this market growth
Usage of hazardous cryogenic gases used in several cryotherapies will also impede the market growth
Lack of awareness about the benefits of cryotherapy hinders the market growth

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Segmentation:Global Cryotherapy Market

By Type

Whole Body Cryotherapy
Partial Body Cryotherapy
Internal Cryotherapy
Others

By Products

Cryosurgery Devices
Localized Cryotherapy Devices
Cryochambers
Others

By Application

Cancer
Pain Management
Dermatology
Others

By End Users

Hospitals
Homecare
Specialty Clinics
Others

By Distribution Channels

Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Others

Reasons to Purchase this Report

Current and future of global cryotherapy market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

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