The Cryotherapy Market is Estimated To Witness High Growth Owing To Rising Demand for Minimally Invasive Pain Management Procedures

 

Cryotherapy Market

The global Cryotherapy Market is estimated to be valued at US$ 294.8 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Cryotherapy is a localized or whole-body treatment that exposes the body to extremely cold temperatures to cause changes in the body. Some of the common uses of cryotherapy include treating cancer, reducing pain in joints, reducing cellulite and improving skin appearance. The increasing popularity of cryotherapy across various application areas such as dermatology, cosmetic surgery and pain management is expected to drive the growth of the cryotherapy market.

 

Market key trends:

One of the key trends in the cryotherapy market is the shift towards more technologically advanced cryotherapy equipment. Many manufacturers are focused on developing cryotherapy equipment with advanced features such as remote monitoring and data tracking capabilities. For instance, cryotherapy equipment manufacturers are offering intelligent cryotherapy systems with smart data management systems and cloud connectivity. These intelligent systems allow remote monitoring of treatments and store treatment data in the cloud for analysis. The data can help monitor treatment effectiveness and optimize future sessions. This is expected to drive the demand for technologically advanced cryotherapy equipment in the forecast period.

 

Segment Analysis

The global Cryotherapy market is segmented into product type, application, and end-user. Based on product type, the cryotherapy market is divided into cryosurgery, icepack therapy, chamber therapy, and topical therapy. Chamber therapy dominates the market as it offers whole-body cryotherapy and reduces the time for recovery from minor conditions or injuries. Chamber therapy devices are widely used to treat various conditions like pain, inflammation, and skin conditions.

 

Key Takeaways

The Global Cryotherapy Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing demand to reduce treatment time for injuries and skin conditions.

 

Regional Analysis

North America dominates the global Cryotherapy market due to increasing healthcare expenses and technological advancements. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period supported by improving healthcare infrastructure and rising medical tourism industry.

 

Key Players

Key players operating in the Cryotherapy market are Zimmer MedizinSysteme GmbH, Boston Scientific Corporation, Mectronic Medicale S.r.l., Impact Cryotherapy, C A Manufacturing Sp zoo, Cortex Technology, CooperSurgical Inc., Brymill Cryogenic Systems, Stryker, Cryoswiss GmbH, CryoConcepts LP., Medtronic, METRUM CRYOFLEX Sp. z o.o., CryoBuilt, Inc., Advanced Monitors Corporation, STERIS, DJO, LLC, and Pregna International Limited.

 

The global Cryotherapy market size is US$ 294.8 Mn in 2023 and expected to reach over US$ 630 Mn by 2030, exhibiting a CAGR of 11% during the forecast period.

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https://www.dailyprbulletin.com/cryotherapy-market-size-share-growth-outlook-2023/

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