Insights into Cryotherapy Market: Trends, Growth Drivers, and Forecasts Point to Rapid Expansion in Healthcare Sector

The cryotherapy market size has grown rapidly in recent years. It will grow from $7.54 billion in 2023 to $8.32 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to the rise in prevalence of cancer, rise in preference for minimally invasive techniques, increased applications of cryosurgery, increased popularity of cryotherapy for sports and fitness applications, growth in preference for minimally or non-invasive procedures.

The cryotherapy market size is expected to see rapid growth in the next few years. It will grow to $12.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to the increasing number of non-invasive and minimally invasive procedures, increasing product launches, reasonably priced cryotherapy equipment, rising cryotherapy device use, and growing focus on expanding cryotherapy applications. Major trends in the forecast period include technological advancements in cryotherapy equipment, product launches, technological advancements and penetration of cryotherapy, and healthcare advancements.

Market Overview -
Cryotherapy is a therapeutic technique that involves exposing the body or specific body parts to extremely low temperatures for a brief period of time. It is commonly used to alleviate pain, reduce swelling, accelerate healing, improve recovery after exercise or injury, and enhance athletic performance.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=14688&type=smp

Rising Demand For Non-Invasive And Minimally Invasive Procedures Drives Growth Of The Cryotherapy Market
The increasing number of non-invasive and minimally invasive procedures is expected to propel the growth of the cryotherapy market going forward. Non-invasive and minimally invasive procedures are medical interventions designed to diagnose, treat, or manage health conditions with minimal disruption to the body's normal anatomy and physiology. The demand for non-invasive and minimally invasive procedures is increasing due to reduced risk and complications, faster recovery, minimal downtime, and less pain and discomfort. Cryotherapy offers a non-invasive approach to treating various medical conditions and cosmetic concerns, making it an attractive option for patients seeking less invasive alternatives to traditional surgical interventions. For instance, according to The Aesthetic Society, a US-based organization of plastic surgery and cosmetic medicine, total minimally invasive cosmetic procedures in the USA reached 23.7 million in 2022, an increase of 70% from 2021. Further, Americans spent more than $11.8 billion on aesthetic procedures, up 2% from the previous year. Therefore, the increasing number of non-invasive and minimally invasive procedures is driving the growth of the cryotherapy market.

Competitive Landscape -
Major companies operating in the cryotherapy market are Medtronic Plc, Stryker, Boston Scientific Corporation, CooperSurgical Inc., Erbe Elektromedizin GmbH, Quantum Cryogenics, Zimmer MedizinSysteme GmbH, CryomedPro, CryoConcepts LP, Brymill Cryogenic Systems, US Cryotherapy, Cortex Technology, Impact Cryotherapy, MECOTEC GmbH, CryoBuilt Inc., Cryomachines Inc., IceCure Medical Ltd., Cryoalfa, Galil Medical Inc., CRYO Science, Titan Cryo.

Innovative Cryotherapy Advancements For Precision Tissue Ablation
Major companies operating in the cryotherapy market are developing innovative disposable cryocare devices, such as the Isolis cryoprobe, to freeze and destroy tissue targets precisely. Isolis cryoprobeis is a disposable device intended for single use or has a limited lifespan before being discarded. For instance, in May 2023, Varian Medical Systems, a US-based medical device company, launched the Isolis cryoprobe, a single-use, disposable device designed for cryoCare systems to improve procedural efficiency and precision for cryoablation. The new Isolis cryoprobe gives the interventional radiologist greater control and features that improve predictability, accuracy, and efficiency. It has a small 2.1mm/14-gauge shaft and a sharp probe tip for easy and precise installation. Isolis is the first cryoprobe to provide possible integration with Siemens Healthineers' myNeedle Laser guidance system. It is intended for use in a variety of surgical procedures, including general surgery, urology, gynecology, oncology, neurology, dermatology, ENT, proctology, pulmonary surgery, and thoracic surgery, and allows for the freezing and ablation of tissues at extremely low temperatures.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/cryotherapy-global-market-report

Key Segments -

The cryotherapy market covered in this report is segmented -

1) By Therapy Type: Cryosurgery, Icepack Therapy, Chamber Therapy
2) By Device: Cryosurgery Device, Localized Cryotherapy Device, Cryochambers And Cryosaunas, Cryogun
3) By Application: Surgical Applications , Oncology, Dermatology, Cardiology
4) By End-user: Hospitals And Specialty Clinics, Cryotherapy Centers, Spas And Fitness Centers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.