Cryotherapy Market 2022 Industry Insight And Growth Strategy By Key Players

Precision Business Insights published a research report on “Cryotherapy Market By Product Type (Cryosurgery Devices (Tissue Contact Probes, Tissue Spray Probes, Epidermal and Subcutaneous Cryoablation Devices), Localized Cryotherapy Devices Cryochambers & Cryosaunas), By Application (Cardiology, Dermatology, Oncology, Pain Management, Recovery, Health, and Beauty), By End User (Hospitals & Specialty Clinics, Cryotherapy Centers, Others) - Global/Region/Country Forecast to 2028”.

Cryotherapy is a non-invasive treatment for treating orthopaedic injuries and relieving pain. For the treatment of prostate, cervical, and liver cancer, it entails freezing and removing unwanted skin development, such as warts and tags, as well as localised malignancies. For cryoablation and cryosurgery, it uses liquid nitrogen, liquid nitrous oxide, and compressed argon gas. Rheumatoid arthritis, anxiousness, asthma, migraines, and muscle soreness can all be treated by cryotherapy. It is frequently chosen by those who want to lose weight by raising their metabolism and sustaining high body temperatures.

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Increasing product introductions, low-cost cryotherapy devices, and rising cryotherapy device use are projected to drive market growth throughout the forecast period. CryoBuilt, Inc., a developer of whole-body cryotherapy systems, for example, introduced EVEREST, an innovative and inexpensive product range of whole body cryotherapy chambers in May 2020. EVEREST chambers cool with fresh oxygenated cold air, so there's no possibility of toxic gas exposure. The EVEREST line of chambers from CryoBuilt, Inc. allows users to take full control of the system using the company's CryoBrain app. Collaborations are projected to drive market expansion throughout the forecast period, according to key industry competitors. For example, in May 2019, Medtronic Plc, an American-Irish registered medical device firm, partnered with Koninklijke Philips N.V., a healthcare technology corporation based in Amsterdam. This collaboration is expected to result in an integrated, cutting-edge image guided solution for cryoablation. The rise in cancer and sports injury rates, as well as the growing desire for minimally invasive therapies and advancements in cryotherapy equipment technology, will all affect the market's growth. Furthermore, the cryotherapy market will rise due to rising popularity in the wellness, cosmetic, and fitness industries. In the forecast period of 2021-2028, the cryotherapy market would benefit from an increased focus on expanding cryotherapy applications. However, the usage of hazardous cryogenic gases in many cryotherapies, as well as a lack of knowledge about the benefits of cryotherapy, will limit market expansion. In addition, over the projection period, tight laws and regulations connected with product approval will pose a challenge to the cryotherapy market.

On the basis of type, the cryotherapy market is fragmented into whole body cryotherapy, internal cryotherapy, partial body cryotherapy, and others. On the basis of product, the cryotherapy market is categorized into localized cryotherapy devices, cryosurgery devices, cryochambers and others. Cryosurgery devices have been further sub-segmented into tissue contact probes, tissue spray probes, epidermal and subcutaneous cryoablation devices. On the basis of applications, the cryotherapy market is classified into pain management, cancer, dermatology and others. On the basis of end-users, the cryotherapy market is divided into homecare, hospital, specialty clinics and others.

cryotherapy market in North America accounted for more than 34% of total revenue. The cryotherapy market in North America is growing due to an increase in the number of surgical procedures performed in the region, as well as rapid product introductions and expanded product indications. Because of the entry of big market players and new local companies, this area is predicted to be the fastest expanding market for cryotherapy.

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Some of the major key players in the Cryotherapy Market are CryoConcepts LP, Medtronic, Impact Cryotherapy, Zimmer MedizinSystems, Metrum Cryoflex, Brymill Cryogenic Systems, Cooper Surgical, Galil Medical, Inc., Erbe Elektromedizin GmbH, Wallach Surgical Devices

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