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Cryotherapy Units Market Booming Worldwide With Leading Key Players - Medtronic PLC, CooperSurgical & Zimmer MedizinSysteme.

09-03-2024 08:34 AM CET | Health & Medicine

Press release from: DataM Intelligence 4market Research LLP

Cryotherapy Units Market || 2024-2031

Cryotherapy Units Market || 2024-2031

The cryotherapy units market is expected to grow at a CAGR of 7.2% during the forecast period (2024-2031).

Cryotherapy, also known as cold therapy, involves the local or general application of low temperatures in medical treatments to manage various tissue lesions. It is especially significant in surgical procedures, referred to as cryosurgery or cryoablation, where extremely low temperatures are used to destroy abnormal or diseased tissues. This therapy is predominantly utilized for treating skin conditions but has broader applications in managing pain, reducing inflammation, and improving recovery times in sports injuries. The market for cryotherapy units is expanding due to increasing incidences of sports injuries, cancer, and cardiac diseases, alongside continuous technological advancements that make cryotherapy more effective and accessible for diverse medical needs.

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Market Trends:

Technological advancements in cryotherapy equipment drive market growth

Cryotherapy has gained prominence as a vital treatment option, driven by technological innovations and advancements in cryotherapy equipment. Key developments have been observed in cryosurgery units, cryochambers, and cryosaunas, which are widely utilized for treating conditions such as rheumatoid arthritis, inflammation, and pain management. Notably, cryosurgical equipment has seen significant advancements, including the launch of the Arctic Front Cardiac Cryoablation Catheter System by India Medtronic Private Limited in 2021, offering a minimally invasive alternative with a faster recovery time compared to traditional therapies.

However, market growth is hampered by limited access to cryotherapy and a lack of awareness. Cryotherapy practices are primarily concentrated in Europe and North America, with some presence in China, Japan, and Australia. Despite its advantages over more invasive surgical procedures, the adoption of cryotherapy remains restricted due to limited technological availability and awareness. For instance, while cryosurgery is commonly available for cervical neoplasias, its use for other conditions is restricted due to limited access in many hospitals and cancer centers, particularly in the U.S. This lack of awareness and restricted access may pose challenges to the broader adoption and growth of cryotherapy in the coming years.

Market Segmentation:

By Product: Cryosurgery devices, Localized cryotherapy devices, Cryochambers & cryo saunas.

By Application: Surgical applications, Pain management, Recovery, Health, Beauty applications.

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Market Key Players:

• Medtronic PLC
• Galil Medical
• CooperSurgical
• Zimmer MedizinSysteme
• Metrum Cryoflex
• Brymill Cryogenic Systems
• Erbe Elektromedizin
• CryoConcepts
• US Cryotherapy
• Professional Products
• Kriosystem Life
• Guangzhou OSANO Beauty Equipment Co., Ltd.
• Slim Wellness Studio LLC
• Xian Triumph Tech Co., Ltd
• Amy Beauty Equipment Manufacture

Regional Analysis:

The global Cryotherapy Units Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Cryotherapy Units Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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