Cryotherapy Market Size, Growth, Trends, Share and Analysis

Cryotherapy Market

Market Overview:

Growing prevalence of cancer is one of the major factors for the growth of the cryotherapy market. As per the WHO statistics, cancer accounts for 13% of deaths globally every year, moreover, 70% increase in cancer incidences is anticipated over the next couple of decades and global geriatric population is anticipated to nearly double from 12% to 22% from 2015 to 2022. Furthermore, increasing technological advancements in the cryotherapy treatment, increasing inclination toward the minimally invasive procedures, rise in applications of cryotherapy treatment, such as cardiac conditions, pain management, skin disorders, beauty, wellness, fitness, etc. are likely to propel the growth of the cryotherapy market. However, the high cost of the treatment, stringent safety guidelines, adverse effects associated with cryogenic gases, lack of complete knowledge regarding cryotherapy, the complexity of the cryotherapy mechanisms are likely to hinder the cryotherapy market.

Report Portfolio:

Cryotherapy is also known as cryoablation, cryosurgery, percutaneous cryotherapy, focused cryoablation therapy. Cryotherapy is a minimally invasive method of freezing and destroying the infected tissues or cells by using extreme cold.

Get a Free Sample Copy of this Report @ https://www.planetmarketreports.com/report-sample/cryotherapy-market

In the process of cryotherapy treatment, high-pressure argon gas or liquid nitrogen flows into a needle-like applicator called a cryoprobe that creates an intense cold on the diseased cell or tissue, then imaging techniques such as CT, MRI or ultrasound are used to guide the cryoprobes to treat the sites in the body. It can be used to treat various skin conditions, treat pain, liver tumors, kidneys, bones, lungs, and breast, etc.

Key Market Trends:

Oncology leads the Cryotherapy Market:

The segment of applications is further segmented into surgical, pain management, recovery, health and beauty applications. The segment of surgical applications is also divided into oncology, cardiology, dermatology and other surgical applications.

Due to the high incidence and prevalence of cancer, oncology holds the highest market share during the forecast period, and increasing awareness of different types of approaches to cryotherapy is the major factor driving the growth of the cryotherapy market. Cryosurgery is used to treat various cancer types, as well as some precancerous or noncancerous conditions. In addition to prostate and liver tumors, cryosurgery may be an effective treatment for Retinoblastoma, early-stage skin cancers both basal and squamous cell carcinomas , precancerous skin growth known as actinic keratosis, precancerous cervical conditions known as intraepithelial neoplasia. Cryosurgery is also used to treat certain types of low-grade bone cancer and non-cancerous tumors. Compared with open surgery, it can reduce the risk of joint damage and help reduce the need for amputation. The treatment is also used to treat Kaposi sarcoma related to AIDS when small and localized skin lesions are present.

North America holds the highest market share in the Cryotherapy Market:

Due to the presence of skilled professionals, increased adoption of whole-body cryotherapy, increased adoption of cryotherapy for cancers and skin disorders, increased cancer prevalence and increased adoption of minimally invasive surgeries, North America is the largest regional market in revenue. In addition, high local government healthcare expenditure, highly developed healthcare infrastructure in the United States and Canada, the availability of well-developed cryotherapy products in this region would also influence market growth over the forecast period. For example, CryoUSA, a supplier of whole-body cryotherapy and recovery modalities, launched ° CRYO ArcticTM series to its cutting-edge recovery products line in May 2018.

Get More Information about this Report and TOC @ https://www.planetmarketreports.com/reports/cryotherapy-market

Competent Landscape:

By adopting inorganic growth strategies such as acquisitions, mergers, and partnerships, market players in the cryotherapy market focus on expanding their product portfolios. There is a high level of competition among the cryotherapy market players.

Some of the players on the market include Medtronic Plc, Impact Cryotherapy Inc., Zimmer Medizinsysteme GmbH, Brymill Cryogenic Systems Ltd, Cryoconcepts LP, Kriosystem Life Sp.zo.o., Galil Medical Inc., Cooper Surgical Inc., Channel Medsystems Inc., and Erbe ElektromedizinGmbH. Key developments in the cryotherapy market were Quantum Cryogenics launched in January 2019 as an indirect cryotherapy chamber and Cadillac Casting Pioneers launched impact cryotherapy as a free employee benefit in August 2018.

About Us: –

Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision-making process. We have a huge database of market research reports & company profiles across the globe.  We offer premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Planet Market Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, & industry experts which provide you deeper penetration of market research industry ensuring you will receive the most reliable and up to date research data available.

Name: Jennifer Daniel
Email-Id: sales@planetmarketreports.com
US: +1-716-2260907
UK: +447441952057
Organization: Planet Market Reports