Cryotherapy Market Profile | Dynamics and Growth | Forecast To 2024

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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.

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.

San Francisco, 15 June 2020 — “Cryotherapy Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027” 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.

This type of therapy has been into use since long to reduce pain and muscle spasms, show cell ageing and improve health recovery.

The therapy reduces irritation, muscle swelling and pain.

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

Over the years, cryotherapy has gained huge popularity and has become an accessible form of therapy.

Rising incidences of post herpetic neuralgia therapy are growing the number of forwarding to pain management clinics ensuing in an expansion of the market. The worldwide market for post herpetic neuralgia treatment is likely to hold more than US$ 909 Million, in value terms, before the end of 2026, registering a CAGR of 5.4%.

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The players penetrating in the market are centering on arising novel drugs. There is an absence of curative and effective post herpetic neuralgia treatment. Symptomatic therapy is the foremost goal of treatment since there is no therapy for PHN. The calcium-channel blockers, for instance, pregabalin and gabapentin are first-line agents in the therapy of PHN. Worries over opioid usage as well as the rising mortality from overdose are the major restraints on the PHN treatment market.

In terms of the treatment type, the worldwide market is categorized into steroid injectable, patches and drugs. Of these, the drugs category holds the biggest market share with an estimation of 80.9 % during the year 2018. On the other hand, the patches category is likely to expand at the fastest CAGR of 5.6% for the duration of the forecast. In terms of the distribution channel, the worldwide market is categorized into retail sales and institutional sales.

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North America is anticipated to be the predominant regional market and captured a higher market revenue share in 2017. The U.S market for PHN treatment is anticipated to hold a huge share as well as to increase at a 4.5 % CAGR for the duration of the forecast, whereas Canada is likely to record a 5.3% CAGR. The Asia Pacific and Europe PHN treatment markets jointly are projected to expand at CAGRs of 6.1 % and 4.7 %, correspondingly. The PHN treatment market is likely to reflect in favor of emerging regions dominated by China on account of its quick growing healthcare infrastructure and economy. Revenue from the PHN treatment market in the nations of Asia Pacific, for instance, China is likely to grow at the comparatively faster CAGR as a result of growing economy and progressing healthcare infrastructure that registers a high PHN treatment market equity.

The PHN treatment market for the Middle East and Africa is led by the Gulf economies as a result of their higher per capita income in addition to higher public healthcare spending. The expansion of a huge hospital complex in the Gulf countries is fuelling a huge market implementation of PHN treatment products.

The foremost market players active in the worldwide market are Pfizer Inc., Mylan N.V., Teva Pharmaceutical Industries Ltd., Daiichi Sankyo, Endo Pharmaceuticals Inc., Purdue Pharma L.P, Acorda Therapeutics, Janssen Pharmaceuticals, Inc., Teikoku Pharma USA, Inc., and Others.

Report Analysis@ https://www.researchsolutioninsights.com/report/analysis/230071-Herpetic-Neuralgia-Treatment-Market 

At Defy Egypt, we are providing local cryotherapy, bemer therapy, float therapy and best massage in Egypt to improve recovery rates, strengthen muscles.

We use local cryotherapy to treat acute and chronic injuries in athletes as well as muscle and joint pain in people.

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.