Cryotherapy Market Report: Trends, Forecast and Competitive Analysis to 2030

Cryotherapy Trends and Forecast

The future of the global cryotherapy market looks promising with opportunities in the hospitals & specialty clinics, cryotherapy centers, and spas & fitness centers markets. The global cryotherapy market is expected to grow with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are increasing need for minimally invasive medical techniques and widespread occurrence of skin disorders and chronic ailments.

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Cryotherapy by Segment

The study includes a forecast for the global cryotherapy by therapy type, device type, application, end use, and region.

Cryotherapy Market by Therapy Type [Shipment Analysis by Value from 2018 to 2030]:

• Cryosurgery
• Icepack Therapy
• Chamber Therapy

Cryotherapy Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:

• Cryogun
• Cryo Probes
• Gas Cylinders
• Localized Cryotherapy Devices
• Cryochambers & Cryosaunas
• Other

Cryotherapy Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Surgical Applications
• Pain Management
• Beauty & Wellness
• Fitness
• Cold Storage
• Others

Cryotherapy Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Specialty Clinics
• Cryotherapy Centers
• Spas & Fitness Centers
• Others

Cryotherapy Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cryotherapy Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cryotherapy companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cryotherapy companies profiled in this report include-

• Brymill Cryogenic Systems
• Metrum Cryoflex
• Cryoconcepts
• Medtronic
• Cortex Technology
• Medtronic Medicale
• Cryoalfa

Cryotherapy Market Insights

Lucintel forecasts that fitness is expected to witness highest growth over the forecast period due to growing awareness of cryotherapy benefits in fitness, coupled with increased adoption of cryo chambers in fitness clubs.

Within this market, hospitals & specialty will remain the highest segment due to innovations in cryotherapy technology for treating diverse diseases and disorders.

Asia Pacific is expected to witness largest growth over the forecast period due to rising disposable incomes, a rapidly expanding healthcare infrastructure, and growing knowledge of cryosurgery in cancer and skin treatments.

Features of the Global Cryotherapy Market

Market Size Estimates: Cryotherapy market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cryotherapy market size by various segments, such as by therapy type, device type, application, end use, and region in terms of value ($B).

Regional Analysis: Cryotherapy market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different therapy type, device type, application, end use, and regions for the cryotherapy market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cryotherapy market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for cryotherapy market?

Answer: The global cryotherapy market is expected to grow with a CAGR of 7.4% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the cryotherapy market?

Answer: The major drivers for this market are increasing need for minimally invasive medical techniques and widespread occurrence of skin disorders and chronic ailments.

Q3. What are the major segments for cryotherapy market?

Answer: The future of the cryotherapy market looks promising with opportunities in the hospitals & specialty clinics, cryotherapy centers, and spas & fitness centers markets.

Q4. Who are the key cryotherapy market companies?

Answer: Some of the key cryotherapy companies are as follows.

• Brymill Cryogenic Systems
• Metrum Cryoflex
• Cryoconcepts
• Medtronic
• Cortex Technology
• Medtronic Medicale
• Cryoalfa

Q5. Which cryotherapy market segment will be the largest in future?

Answer: Lucintel forecasts that fitness is expected to witness highest growth over the forecast period due to growing awareness of cryotherapy benefits in fitness, coupled with increased adoption of cryo chambers in fitness clubs.

Q6. In cryotherapy market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific is expected to witness largest growth over the forecast period due to rising disposable incomes, a rapidly expanding healthcare infrastructure, and growing knowledge of cryosurgery in cancer and skin treatments.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cryotherapy market by therapy type (cryosurgery, icepack therapy, and chamber therapy), device type (cryogun, cryo probes, gas cylinders, localized cryotherapy devices, cryochambers & cryosaunas, and other), application (surgical applications, pain management, beauty & wellness, fitness, cold storage, and others), end use (hospitals & specialty clinics, cryotherapy centers, spas & fitness centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?