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Cryotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 146 pages | ID: C84C81C0E689EN
IMARC Group

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The global cryotherapy market size reached US$ 310.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 446.7 Million by 2028, exhibiting a growth rate (CAGR) of 6.25% during 2022-2028. The growing geriatric population, increasing prevalence of cancer and increasing cases of anxiety, asthma, migraine, and muscle soreness represent some of the key factors driving the market.

Cryotherapy refers to a medical therapy that relies on extremely low temperatures for treatment. It helps reduce pain in the body and improves skin health and texture by promoting collagen production. It also helps boost immune function by increasing levels of white blood cells in the body. Moreover, cryotherapy aids in relieving migraines and headaches by constricting blood vessels in the head and reducing inflammation. It is employed to treat a variety of medical conditions, including sports injuries, arthritis, skin conditions, and chronic pain. It is also used by athletes to treat sports injuries, such as muscle strains, help speed up recovery time after injury, and improve performance.

Cryotherapy Market Trends:
At present, the growing popularity of sports and fitness activities is resulting in the increasing incidence of sports injuries. This represents one of the key factors positively influencing the market across the globe. In addition, the growing geriatric population and increasing prevalence of cancer are catalyzing the demand for cryotherapy for fast recovering, reducing complications, and minimizing hospital stays. This, in confluence with sedentary lifestyles, unhealthy dietary patterns, and increasing cases of anxiety, asthma, migraine, and muscle soreness, is creating a favorable market outlook. Apart from this, the rising influence of social media and the growing interest in wellness and beauty treatments, in confluence with the increasing preference for non-invasive treatments for skin conditions, is strengthening the market growth. Moreover, the rising demand for cost-effective treatment options is catalyzing the demand for cryotherapy as a potential alternative to more expensive treatments, such as surgeries. In line with this, the development of cryo-chambers and cryo-saunas for the treatment of inflammation, rheumatoid arthritis, and chronic pain, are fueling the market growth. Additionally, the increasing accessibility and the rising affordability of cryotherapy are contributing to the market growth. Furthermore, significant improvements in the healthcare infrastructure, along with extensive investments in research and development (R&D) activities, are fueling the growth of the market worldwide., Some of the other factors stimulating the growth of the market across the globe include inflating disposable incomes, increasing awareness about the benefits of cryotherapy, and flourishing wellness and fitness industries.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cryotherapy market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and end user.

Product Insights:

Cryosurgery Devices
Tissue Contact Probes
Tissue Spray Probes
Epidermal and Subcutaneous Cryoablation Devices
Localized Cryotherapy Devices
Cryochambers and Cryosaunas

The report has provided a detailed breakup and analysis of the cryotherapy market based on the product. This includes cryosurgery devices (tissue contact probes, tissue spray probes, epidermal and subcutaneous cryoablation devices), localized cryotherapy devices, and cryochambers and cryosaunas. According to the report, cryochambers and cryosaunas accounted for the largest market share.

Application Insights:

Surgical Applications
Oncology
Cardiology
Dermatology
Others
Pain Management
Recovery, Health and Beauty

A detailed breakup and analysis of the cryotherapy market based on the application has also been provided in the report. This includes surgical applications (oncology, cardiology, dermatology, and others), pain management, and recovery, health and beauty. According to the report, pain management accounted for the largest market share.

End User Insights:

Hospitals and Specialty Clinics
Cryotherapy Centres
Spas and Fitness Centres

A detailed breakup and analysis of the cryotherapy market based on the end user has also been provided in the report. This includes hospitals and specialty clinics, cryotherapy centers, spas and fitness centers. According to the report, cryotherapy centers accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for cryotherapy. Some of the factors driving the North America cryotherapy market included the high disposable incomes, increasing incidences of sports injuries, rising awareness about the benefits of cryotherapy on skin conditions, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global cryotherapy market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Boston Scientific Corporation, Brymill Cryogenic Systems, CooperSurgical Inc., Cortex Technology, CryoConcepts LP, Erbe Elektromedizin GmbH, Kriosystem-Care Sp. z o.o., Medtronic plc, METRUM CRYOFLEX Sp. z o.o. Sp. k., Pacira BioSciences Inc., US Cryotherapy, Zimmer MedizinSysteme GmbH, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report
1. What was the size of the global cryotherapy market in 2022?
2. What is the expected growth rate of the global cryotherapy market during 2023-2028?
3. What are the key factors driving the global cryotherapy market?
4. What has been the impact of COVID-19 on the global cryotherapy market?
5. What is the breakup of the global cryotherapy market based on the product?
6. What is the breakup of the global cryotherapy market based on the application?
7. What is the breakup of the global cryotherapy market based on the end user?
8. What are the key regions in the global cryotherapy market?
9. Who are the key players/companies in the global cryotherapy market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CRYOTHERAPY MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Cryosurgery Devices
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Tissue Contact Probes
    6.1.2.2 Tissue Spray Probes
    6.1.2.3 Epidermal and Subcutaneous Cryoablation Devices
  6.1.3 Market Forecast
6.2 Localized Cryotherapy Devices
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Cryochambers and Cryosaunas
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Surgical Applications
  7.1.1 Market Trends
  7.1.2 Key Segments
    7.1.2.1 Oncology
    7.1.2.2 Cardiology
    7.1.2.3 Dermatology
    7.1.2.4 Others
  7.1.3 Market Forecast
7.2 Pain Management
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Recovery, Health and Beauty
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY END USER

8.1 Hospitals and Specialty Clinics
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cryotherapy Centres
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Spas and Fitness Centres
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Boston Scientific Corporation
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Brymill Cryogenic Systems
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 CooperSurgical Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Cortex Technology
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 CryoConcepts LP
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Erbe Elektromedizin GmbH
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Kriosystem-Care Sp. z o.o.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Medtronic plc
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 METRUM CRYOFLEX Sp. z o.o. Sp. k.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Pacira BioSciences Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 US Cryotherapy
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12 Zimmer MedizinSysteme GmbH
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Cryotherapy Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cryotherapy Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Cryotherapy Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Cryotherapy Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Cryotherapy Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Cryotherapy Market: Competitive Structure
Table 7: Global: Cryotherapy Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cryotherapy Market: Major Drivers and Challenges
Figure 2: Global: Cryotherapy Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Cryotherapy Market: Breakup by Product (in %), 2022
Figure 5: Global: Cryotherapy Market: Breakup by Application (in %), 2022
Figure 6: Global: Cryotherapy Market: Breakup by End User (in %), 2022
Figure 7: Global: Cryotherapy Market: Breakup by Region (in %), 2022
Figure 8: Global: Cryotherapy (Cryosurgery Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Cryotherapy (Cryosurgery Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Cryotherapy (Localized Cryotherapy Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Cryotherapy (Localized Cryotherapy Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Cryotherapy (Cryochambers and Cryosaunas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Cryotherapy (Cryochambers and Cryosaunas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Cryotherapy (Surgical Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Cryotherapy (Surgical Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Cryotherapy (Pain Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Cryotherapy (Pain Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Cryotherapy (Recovery, Health and Beauty) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Cryotherapy (Recovery, Health and Beauty) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Cryotherapy (Hospitals and Specialty Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Cryotherapy (Hospitals and Specialty Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Cryotherapy (Cryotherapy Centres) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Cryotherapy (Cryotherapy Centres) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Cryotherapy (Spas and Fitness Centres) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Cryotherapy (Spas and Fitness Centres) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Cryotherapy Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Cryotherapy Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Cryotherapy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Cryotherapy Industry: SWOT Analysis
Figure 76: Global: Cryotherapy Industry: Value Chain Analysis
Figure 77: Global: Cryotherapy Industry: Porter's Five Forces Analysis


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