Cryotherapy Market is Anticipated to Show Growth by 2026 | CryoConcepts LP, Wallach Surgical Devices, CooperSurgical, Cryoalfa, Medtronic PLC, US Cryotherapy

Cryotherapy, also called cryoablation, is a non-invasive therapy used for alleviating pain, treating abnormal skin, and treating localized tumors. Cryotherapy can be administered locally or on whole body. The surgeon uses cryo probes through which liquid nitrogen or high pressure argon gas flows freezing and destroying the tumor cell. A MRI, ultrasound or CT scan is used to guide the cryo probe to reach the treatment site in the body. Cryotherapy can also be applied topically for treating skin and eye lesions. In topical cryotherapy, liquid nitrogen is applied using cotton swab or a spraying device. A whole body cryotherapy (WBC) is used to help improve the athlete performance, recover early from injuries and muscular pain. Lack of evidences proving higher safety and effectiveness of WBC, however, is limiting the wide scale adoption of this therapy and thus, limiting growth of cryotherapy market.

The global cryotherapy market was valued at US$ 2,414.2 million in 2015 and is expected to witness a moderate CAGR of 8.5% during the forecast period (2016 – 2024).

Download the PDF brochure: www.coherentmarketinsights.com/insight/request-pdf/133

Market Dynamics

The global cryotherapy market growth is expected to be mainly driven by increasing incidence of cancer and high prevalence of skin disorders. According to WCRF International, 1.1 million new cases of prostate cancer among men were diagnosed in 2012. Incidence rates are especially high in Australia, New Zealand, North America, and in Western and Northern European countries.

Moreover, the global cryotherapy market is characterized by varied end users such as hospitals, cryotherapy centers, fitness centers, and specialty clinics. Use of cryotherapy as a mode of alleviating muscular pain is increasing rapidly with the advent of cryotherapy chambers. Exposure to fresh oxygenated cooled air rather than liquid nitrogen, which poses threat to life if exposed for long time, is driving attention for cryotherapy chambers among consumers intending to reduce pain by cryotherapy. Although, treatment has been beneficial in many cancer cases, more studies are required to establish safety and effectiveness as opposed to chemotherapy, surgery, and radiation therapy.

Market Taxonomy

This report segments the global cryotherapy market on the basis of product type, application, therapy type, end user, and geography. On the basis of product type, the global cryotherapy market is categorized into cryo-gun, cryo probes, gas cylinders, and others. On the basis of application, the market is segmented into oncology, cardiology, dermatology, pain management, and others. On the basis of therapy type, the global cryotherapy market is segmented into cryosurgery, ice-pack and cryo chamber therapy. The end user segment is divided into hospitals, fitness centers, specialty clinics and cryotherapy centers. For comprehensive understanding of market dynamics, the global cryotherapy market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Detailed Segmentation:

Global Cryotherapy Market, By Product Type:
Cryogun
Cryo Probes
Gas Cylinders
Others (Cryochambers, thermocouple device, etc.)

Cryotherapy Market to Gain Further Traction in Developed Economies

Major players operating in the global cryotherapy market include CryoConcepts LP, Wallach Surgical Devices, CooperSurgical, Inc., Cryoalfa, Medtronic PLC, US Cryotherapy, Metrum Cryoflex, Brymill Cryogenic Systems, and Galil Medical, Inc. High healthcare expenditure in developed economies of North America and Europe is responsible for a higher demand for cryotherapy in these regions. Moreover, developed regions offer better healthcare infrastructure and are usually early adopters of new technologies. The cryotherapy market in North America and Europe is fueled by increasing demand from athletes and film actors to recover from injury faster and prevent aging.

Request Sample Copy Of This Business Report: www.coherentmarketinsights.com/insight/request-sample/133

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr.Shah
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.