Press release
Cryotherapy Market to Value US$ 4 Billion by 2024
Whereas, APAC sits in the third position and is expected to contest for a higher position in the global market owing to the incessant installation of cryochambers and cryosurgical equipment in countries such as Japan, China, and Australia.
According to a study conducted by Persistence Market Research (PMR), the global market for cryotherapy is set to witness a CAGR of 6.5% during the forecast period 2016-2024. According to the study, North America will continue to be the leading market for cryotherapy globally during the forecast period.
Highlights from the Report
• Suppliers are emphasizing on ensuring affordable and adequate supply of gas in order to provide smoother maintenance services to clients, while steadily increasing the range of non-gas equipment.
• Higher investments in training programs on cryosurgical approach are anticipated to broaden the pool of skilled resources/surgeons.
While growing popularity of minimally invasive procedures is propelling the demand for cryosurgery equipment, lack of information on treatment option and complex regulatory nature of cryosurgery equipment is likely to curb the overall market growth.
On the other side, higher success ratio of cryotherapy and availability of affordable treatment is expected to drive the growth of the global cryotherapy market over the forecast period. In addition, robust adoption the by sports and athletes associations and favorable reimbursement policies are influencing the overall market to expand at a pronounced rate.
Likewise, increasing strategic partnerships between healthcare associations and sports bodies is identified as a major trend governing the market. Moreover, factors such as fragmented nature of the market and presence of a handful of established player and many local vendors are expected to play a major role in shaping the market in the near future.
Based on products type, demand for cryochambers will remain strong during the assessment period, surging at a compound annual growth rate of nearly 7% over 2024. Expansion of production capacity would render the segment achieve market exclusivity.
Based on application, in 2016, the oncology segment was estimated to account for nearly 80% share of the market in terms of value. The segment is expected to witness a steady growth during the forecast period. Whereas, dermatology is expected to be the fastest growing segment, reflecting a CAGR of over 7% with an incremental opportunity of US$ 76.1 Million between 2016 and 2024.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/cryotherapy-market/toc
By end user, hospitals are projected to be the fastest growing segment of the market. In addition, the segment is set to ride on a CAGR on 6.8% to reach US$ 2,479.3 Million by the end of 2024.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12751
Key players functioning in the global market for cryotherapy include Zimmer MedizinSysteme GmbH, Erbe Elektromedizin GmbH, Impact Cryotherapy Inc., KrioSystem Sp. z.o.o ., The Cooper Companies Inc., Metrum Cryoflex Sp. z o.o., Sp. K., Novotech S.R.O, Air Products and Chemicals, Inc. etc. Most suppliers of cryosurgery equipment and cryochambers are focusing on improving their services in order to meet the rising consumer expectation worldwide.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cryotherapy Market to Value US$ 4 Billion by 2024 here
News-ID: 508811 • Views: …
More Releases from Persistence Market Research
Airport Runway FOD Detection Systems Market to Reach US$ 75.2 Million by 2031 as …
The global airport runway foreign object debris (FOD) detection systems market is poised for sustained expansion, driven by increasing aviation safety standards, rising global air traffic, and the adoption of advanced automated monitoring technologies. According to leading market research analysis, the market is forecast to grow at a compound annual growth rate (CAGR) of 7.1% between 2024 and 2031, increasing from a valuation of US$46.5 million in 2024 to approximately…
Global Mid-Lift Axle Market Set to Reach US$ 3.76 Billion by 2031 Amid Rising De …
The global mid-lift axle market is witnessing steady expansion, driven by increasing demand for heavy-duty commercial vehicles, rising logistics and transportation activities, and continuous technological advancements in axle systems. According to leading market research analysis, the global mid-lift axle market is projected to grow from US$ 2.71 billion in 2024 to approximately US$ 3.76 billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.8% during the forecast period.
Mid-lift…
Passenger Car Bearing & Clutch Component Aftermarket to Reach US$13.3 Billion by …
The global passenger car bearing & clutch component aftermarket is poised for steady expansion, reflecting the sustained demand for vehicle maintenance, performance optimization, and extended automotive lifecycle management. According to leading market research analysis, the market is projected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period, increasing from an estimated valuation of US$9.3 billion in 2024 to approximately US$13.3 billion by the end…
Squeeze Bottle Market Size to Reach US$1.6 Billion by 2033 at 5.1% CAGR - Persis …
The squeeze bottle market has evolved into a dynamic segment within the global packaging industry, driven by rising demand for convenience, portability, and controlled dispensing solutions. Squeeze bottles are widely used across food and beverage, personal care, household cleaning, pharmaceutical, and industrial applications due to their flexibility, ease of use, and cost effectiveness. Designed primarily from plastic materials such as polyethylene and polypropylene, these bottles enable precise dispensing of sauces,…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
