1 / 4

Global Cryotherapy Market,By Product Type, Application,Therapy Type,and End User-Trends,Analysis and Forecast till 2024

Cryotherapy, also called cryoablation, is a non-invasive therapy used for alleviating pain, treating abnormal skin, and localized tumors. Cryotherapy can be administered locally or on the whole body. Surgeons use cryo probes through which liquid nitrogen or high pressure argon gas flows, freezing and destroying tumor cells.

akshay925
Download Presentation

Global Cryotherapy Market,By Product Type, Application,Therapy Type,and End User-Trends,Analysis and Forecast till 2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Cryotherapy Market,By Product Type, Global Cryotherapy Market,By Product Type, Application,Therapy Type,and End User-Trends,Analysis Application,Therapy Type,and End User-Trends,Analysis and Forecast till 2024 and Forecast till 2024 Cryotherapy Market – Insights Cryotherapy Market – Insights Cryotherapy, also called cryoablation, is a non-invasive therapy used for alleviating pain, treating abnormal skin, and localized tumors. Cryotherapy can be administered locally or on the whole body. Surgeons use cryo probes through which liquid nitrogen or high pressure argon gas flows, freezing and destroying tumor cells. An MRI, ultrasound or CT scan is used to guide the cryo probe to reach the treatment site. Cryotherapy can also be applied topically for treating skin and eye lesions. In topical cryotherapy, liquid nitrogen is applied using a cotton swab or a spraying device. A whole body cryotherapy (WBC) is used to help improve an athlete’s performance, and for early recover from injuries and muscular pain. Lack of evidence proving higher safety and effectiveness of WBC, however, is limiting the wide scale adoption of this therapy and thus, limiting growth of cryotherapy market. The global cryotherapy market size was valued at US$ 210.6 million in 2019, and is expected to The global cryotherapy market size was valued at US$ 210.6 million in 2019, and is expected to witness a CAGR of 8.8% over the forecast period (2019 – 2027). witness a CAGR of 8.8% over the forecast period (2019 – 2027). Get PDF Brochure Of This Research Report @ Get PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/133 https://www.coherentmarketinsights.com/insight/request-pdf/133 Cryotherapy Market Is on a High Growth Trajectory Owing to Increasing Number of Non-Invasive Cryotherapy Market Is on a High Growth Trajectory Owing to Increasing Number of Non-Invasive and Minimally-Invasive Procedures Performed Annually and Minimally-Invasive Procedures Performed Annually

  2. Increasing number of non-invasive and minimally-invasive procedures performed every year is expected to be the major driving force for the global cryotherapy market growth in the near future. The demand for non-invasive and minimally invasive procedures is increasing exponentially owing to increasing consumer preference on enhancing one’s physically features, and treating skin problems. For instance, American Society of Plastic Surgeons (ASPS) 2017 reports, there were 15.7 million minimally-invasive cosmetic procedures performed in the U.S. in 2017, which was a 2% increase compared to 2016. Moreover, growing incidence of sports injuries, cancer, and cardiac conditions is also expected to propel the global cryotherapy market growth. For instance, according to the American Journal of Sports Medicine report of 2016, more than 3.5 million athletes aged 14 years and under, experience a sports related injury every year in the U.S. Around 77% of these injuries affect the lower leg, ankle, or foot. Cryotherapy is extensively used by athletes for relieving muscular pain and improving sleep quality. Cryotherapy Market - Restraints Cryotherapy Market - Restraints Use of argon gas and cryo probes are approved for use by the U.S. Food and Drug Administration (FDA), however whole body cryotherapy products are not yet approved by the regulatory body. Lack of sufficient evidence regarding safety and effectiveness of WBC products compared to existing treatment therapies is likely to hamper the market growth. Moreover, in October 2015, the fatal incident of an individual succumbing to freezing cold in an unlicensed spa has raised concerns over the safety of whole-body cryotherapy. The National Institutes of health (NIH) is however supporting studies on use of cryo chambers as a method of whole body cryotherapy. Manufacturers such as the US Cryotherapy are also conducting studies to establish the safety and effectiveness of whole body cryotherapy, particularly cryo chambers.

  3. Cryotherapy Market - Regional Insights Cryotherapy Market - Regional Insights On the basis of region, the global cryotherapy market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. High healthcare expenditure in developed economies in North America and Europe is driving demand for cryotherapy in these regions. According to the National Health Expenditure Accounts (NHEA), U.S. healthcare spending increased by 3.9% in 2017, reaching $3.5 trillion, or $10,739 per person. The cryotherapy market in North America and Europe is fueled by increasing demand from increasing preference among consumers to recover from injury faster, and prevent aging. Furthermore, market players are focused on developing innovative products in order to expand their consumer in emerging markets such as India, China, Brazil, and Argentina among others. Increasing prevalence of cancer and skin disorders is expected to dive demand for the cryotherapy in these countries. According to the report of Global Cancer Observatory published in May 2019 by the World Health Organization (WHO), in China 4.2 million new cases of cancer were diagnosed in both genders of all ages in 2018. Research Methodology Research Methodology Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: Primary Research (Trade Surveys and Experts Interviews) Primary Research (Trade Surveys and Experts Interviews) • Desk Research Desk Research • Proprietor Data Analytics Model Proprietor Data Analytics Model • In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the

  4. entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings. Request Sample Copy of Research Report @ Request Sample Copy of Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/133 https://www.coherentmarketinsights.com/insight/request-sample/133 Cryotherapy Market - Competitive Landscape Cryotherapy Market - Competitive Landscape Major players operating in the global cryotherapy market include Mectronic Medicale s.r.l., CryoConcepts LP, Wallach Surgical Devices, CooperSurgical, Inc., Cryoalfa, Medtronic PLC., US Cryotherapy, Metrum Cryoflex, Brymill Cryogenic Systems, Galil Medical, Inc., Special Medical Technology Co., Ltd., and Zimmer MedizinSystems. About Coherent Market Insights About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com Email: sales@coherentmarketinsights.com

More Related