Cryotherapy Market Analysis by Trends, Technological Advancement, Forecast till 2027

Growth in the cryotherapy market is primarily driven by factors such as the growing incidences of sports injuries, cardiac diseases, & cancers, and technological advancements in cryotherapy technology.The study involved four major activities to estimate the current size of the cryotherapy market.

Exhaustive secondary research was done to collect information on the market and its different subsegments.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.

Thereafter, the market breakdown and data triangulation was used to estimate the market size of segments and subsegmentsDownload PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33280524Industry Segmentation:By product, the cryotherapy market is segmented into cryosurgery devices (tissue contact probes, tissue spray probes, and epidermal & subcutaneous cryoablation devices), localized cryotherapy devices, and cryochambers & cryosaunas.

Consequently, the demand for cryotherapy devices is also growing.Cryotherapy is widely used for the treatment of health conditions like pain, malignant & benign tumors, tissue damages or lesions, and sports injuries.

The cryotherapy applications market is segmented into surgical applications (oncology, dermatology, cardiology, and other surgical applications); pain management; and recovery, health, & beauty applications.

Cryotherapy is based on minimally invasive technologies that are widely used to treat benign and malignant tumors, pain conditions, sports injuries, and tissue damage.

Cryotherapy is a method to freeze localized tissue to break them down and thus get rid of the pain or tumor cells.The increasing prevalence of cancer, growing popularity of fitness, beauty and cosmetic surgeries, along with rising advancements and technological innovations in cryotherapy have fueled the growth of the market.

For instance, as per the data by the World Health Organization (WHO), globally, cancer is the second-largest cause of mortality, leading to the death of an estimated 9.6 million people in 2018.Based on product, the global cryotherapy market is segmented into cryosurgery devices, localized cryotherapy devices, and cryosaunas.

The cryosurgery devices are further sub-segmented into epidermal & subcutaneous cryoablation devices, tissue contact probes, and tissue spray probes.

The market is currently dominated by cryosurgery devices, as it is a more effective mode of tumor treatment due to higher efficiency and the ability to treat multiple tumors at the same time.Based on application, the cryotherapy market is segmented into surgical application, pain management, and health & beauty, recovery.

The major market share among all the respective segments, in the forecast period, is expected to be of surgical application as it is preferred for the treatment of an increasing number of cancer incidences due to potential benefits.On the basis of end users, the global market is segmented into hospitals & specialty clinics, and spas.

According to the new market research report “Cryotherapy Market by Product (Cryosurgery Devices, Localized Cryotherapy Devices, Cryosaunas), Application (Surgical Application, Pain Management, Health & Beauty), End User (Hospitals & Specialty Clinics, Spas) – Global Forecast to 2024″, published by MarketsandMarkets™, the Cryotherapy Market is expected to reach USD 319 million by 2024 from USD 206 million in 2019, at a CAGR of 9.1%Browse in-depth TOC on “Cryotherapy Market“78 – Tables31 – Figures   121 – PagesDownload PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33280524The rising incidence of sports injuries, cardiac conditions, and cancers and the growing demand for minimally invasive procedures are the key drivers of the Cryotherapy Market.

The cryosurgery devices segment held the largest share of the Cryotherapy Market in 2018.

The hospitals & specialty clinics segment estimated to command the largest share of the market in 2019 and this segment is also projected to register the highest CAGR owing to the increasing adoption of cryoablation for cancer and cardiac diseases.

The affordability and safety offered by cryosurgery over traditional surgery and the rising prevalence of CVDs, cancer, & sports injuries are expected to increase the adoption of cryotherapy in hospitals & specialty clinics.Request for sample pages : https://www.marketsandmarkets.com/Market-Reports/cryotherapy-market-33280524.htmlThe APAC Cryotherapy Market to grow at the highest CAGR during the forecast periodWhile North America is expected to dominate the global Cryotherapy Market in 2019, the Asia Pacific region is expected to register the highest CAGR during the forecast period.

The high growth in this region can be attributed to the booming medical tourism in the region, the growing geriatric population in Japan, and the rising prevalence of cancer in India.The major players operating in the Cryotherapy Market include Medtronic (Ireland), Galil Medical (US), and CooperSurgical (US).

Other players involved in this market include Impact Cryotherapy (US), Zimmer MedizinSysteme (Germany), Metrum Cryoflex (Poland), Brymill Cryogenic Systems (UK), Erbe Elektromedizin (Germany), CryoConcepts (US), US Cryotherapy (US), Professional Products (US), and Kriosystem Life (Poland).Browse Adjacent Markets: Biotechnology Market Research Reports & ConsultingBrowse Related Reports:Ablation Technology Market by Product (Radiofrequency, Ultrasound (ESWL, HIFU), Laser, Electrical (Argon Plasma, IRE), Cryotherapy, Microwave, Hydrothermal) & Application (Cardiovascular, Cancer, Pain Management, Orthopedics) – Global Forecasts to 2021Interventional Oncology Market by Product (Radiofrequency, microwave, cryoablation, embolization, guidewires), Procedures (Thermal Ablation, Non-Thermal Ablation, TACE, TARE, TAE), Cancer (Liver, Lung, Kidney, Bone Metastasis) – Global Forecast to 2024About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Global Cryotherapy Market is anticipated to reach USD 5.6 billion by 2024 owing to the increasing demand for minimally invasive surgical procedures and the growing incidences of cervical, retinoblastoma, prostrate, skin cancer and others.

Cryotherapy is basically the procedure of using cold temperatures for health benefits.

It cures several diseases and helps in surgical procedures as well.

Owing to this, the demand of cryotherapy is growing, thereby boosting cryotherapy industry.

Also, as the application is localized and constrained to the abnormal tissues, healthy tissues are well maintained, which reduce the side effects.

Cryotherapy surgery is also used in combination with other treatments like radiation, chemotherapy, hormone therapy and reduce the use of drugs for producing side effects.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/cryotherapy-market/request-sampleEven though there are numerous advantages of cryosurgery, most disadvantages have constrained the market growth.

The global cryotherapy market size was evaluated at USD 3.8 billion in 2020 and is anticipated to grow at a compound yearly growth rate (CAGR) of 10.3% between 2021 and 2028.

In addition to treating diseases like arthritis, joint inflammation, and pain, cryotherapy is widely used to treat skin conditions like moles, old marks, and dull spots.

Over traditional medical procedures, cryosurgery offers several advantages, including smaller entry points, shorter emergency clinic stays fast twisted healing, lower pain, and less complication risk.

It is because of these benefits that cryosurgery has been gaining a lot of acclaim during the last few years, which prompted its market expansion.

As of May 2019, Cryo Innovations has been endorsed for a Federal General Services Administration (GSA) agreement to provide whole body cryotherapy solutions to the United States.

A similar source additionally expressed that, by 2040, this number is projected to develop to 27.5 million new malignancy cases each year.