Global Cryotherapy Market to Grow at 8.8% CAGR through 2022, Forecasts M&M in Its New Report Recently Added at MarketPublishers.com
30 Jan 2018 • by Natalie Aster
LONDON – In 2017, the global market for cryotherapy reached the value of USD 180 million. Through to 2022, this market is projected to gain traction at an 8.8% CAGR to climb to the value of USD 274.8 million.
Robust growth in the world’s cryotherapy market will likely be spurred by such factors as rising demand for minimally invasive procedures, increasing incidence of cancer and cardiac diseases, considerable technological advancements in cryotherapy equipment, as well as enhancing awareness of beauty and sustainable uptake in wellness and fitness industries.
Despite numerous favourable factors, the cryotherapy market also faces a range of challenges including stringent regulatory approvals and hazardous effects associated with cryogenic gases.
The surgical applications sector is forecast to rise at the fastest rate during 2018-2022, spurred majorly by the expanding prevalence of cancer and different cardiac conditions.
Amid regions, the highest CAGR over 2018-2022 is projected in the APAC cryotherapy market; this is attributed to rapidly growing geriatric population (especially in Japan), favourable healthcare reforms in China, booming medical tourism in the region and also increasing incidence of cancer.
The new report “Cryotherapy Market by Product, Application, End User, and Region - Global Forecast to 2022” drawn up by MarketsandMarkets (M&M) presents in-depth insights into the cryotherapy market landscape, provides a detailed analysis of the market historical and present performance, casts light on the market dynamics and the major growth limiters and restraints. Besides, it comprises a profound analysis of the key segments with trustworthy data on their size, shares, growth rates and impacting factors. Moreover, the study explores the competitive landscape and gives data on the dominant participants, investigates top trends and the present scenario across the geographical markets, outlines future growth prospects and barriers, gives future forecasts through to 2022, and provides vital info on many other important market aspects.
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