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Cryotherapy Market Is Anticipated To Grow Up To USD 419.1 Million By 2032 | Brymill Cryogenic Systems , CooperSurgical , Cryo Innovations

12-28-2023 07:17 AM CET | Health & Medicine

Press release from: Global Insight Services

The cryotherapy market was valued at USD 240.6 million in 2022 and it is anticipated to grow up to USD 419.1 million by 2032, at a CAGR of 5.6% during the forecast period.

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Several medical disorders, including pain, cancerous and benign tumours, tissue damage or lesions, and sports injuries, are treated using cryotherapy. In cryotherapy, which is also known as cryosurgery, irritated nerves, aberrant skin cells, and localised cancerous growths, such as skin cancer and prostate cancer, are killed by applying targeted freezing temperatures. Cryotherapy involves freezing a damaged nerve by inserting a probe into the tissue close to it. The freezing deactivates the nerve, relieving the unpleasant irritation of the nerve. Localized nerve irritation can be treated with cryotherapy in a relatively safe and efficient manner.

Market Trends and Drivers

Many malignancies, as well as certain precancerous or non-cancerous disorders, are treated using cryotherapy. In addition to liver and prostate tumours, Retinoblastoma, early-stage basal cell and squamous cell carcinomas, actinic keratoses, and cervical intraepithelial neoplasia are among the precancerous diseases that can be successfully treated with cryosurgery. Because to the high incidence and prevalence of cancer as well as the increasing public knowledge of different types of cryotherapy techniques, the oncology sector may have the largest market share over the projection period.

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With the quick advancements in contemporary imaging, less invasive ablative therapies have become well-liked alternatives to surgical tumour removal or cancer treatment. Cryoablation techniques are widely employed, and tumour ablation modalities are presently available in clinical practise. Research on how cryotherapy affects the treatment of cancer is expanding as well. Consequently, it is anticipated that the oncology segment will benefit more from the substantial and growing body of research on the advantages of cryotherapy and combined cryoablation cancer treatments.

Major Players in the Cryotherapy Market

Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the cryotherapy market include Brymill Cryogenic Systems (US), CooperSurgical Inc. (US), Cryo Innovations (US), CRYO SCIENCE sp.z o.o. (Poland), CryoBuilt, Inc. (US), CryoConcepts, LP (US), CRYONiQ LLC (US), Erbe Elektromedizin GmbH (Germany), METRUM CRYOFLEX Sp. z o.o. (Poland), and Zimmer MedizinSysteme GmbH (Germany), among others.

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Market Segments

By Product Type

Cryosurgery Devices
Localized Cryotherapy Devices
Cryochambers & Cryosaunas

By Application

Surgical Application
Pain Management
Recovery, Health, and Beauty

By End User

Hospital & Speciality Clinics
Cryotherapy Centers
Spas & Fitness Centers

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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