- Cryogun
- Cryoprobes
- Gas cylinders
- Others
Cryotherapy Devices Market size was valued at USD 269.0 million in 2022 and is expected to reach USD 491.8 million by 2029, at a CAGR of 9.0% during the forecast period 2023 to 2029. Cryotherapy is also called as cryosurgery. Cryotherapy is use of freezing agents such as carbon dioxide, liquid nitrogen, freon to freeze and treat the lesions such as tans (skin), moles and prostate cancer. In cryotherapy, a probe is inserted into the tissue next to the affected nerve. The temperature of the probe decreases to very cold temperatures and effectively freezes the nerve. The freezing inactivates the nerve, as a result, painful nerve irritation is relieved. Cryotherapy is a relatively safe and effective means of treating localized nerve irritation. Cryotherapy devises market expected to have lucrative growth rate during forecast period owing to increase in demand for treatment options for various types of cancer. As per World Health Organisation (WHO), cancer mortality in the developing countries is expected to reach 6.7 Mn by 2015. Similarly, American Cancer Socity estimates that about 12,280 new invasive cervical cancer will be diagnosed in 2017. This suggests that there is huge demand exists for cancer therapy options across the globe. Market players are focusing on advanced product designing and development to strengthen their product to enhance their sales revenue in cryotherapy devices market.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Globally cryotherapy devices market is mainly driven by growing use of cryotherapy in treating various types of cancer and musculoskeletal conditions, such as arthritis, rheumatic conditions and fibromyalgia. In addition, increase in application of cryotherapy devices in dermatology for beauty treatments is expected to boost the cryotherapy devices market. Furthermore, cryotherapy carries limited side effects and thus facilitates faster recovery compared to conventional procedures. However, some common side effects include erythema, pain and hypopigmentation and lower effectiveness of the treatment are the major factors expected to hinder the cryotherapy devices market growth.
The cryotherapy devices market is projected to expand at a CAGR of 9.0% during the forecast period.
Cynosure, MICHELSON DIAGNOSTIC, Cryonic Medical, ZAMAR CARE, Zimmer Medizin Systeme GmbH, MECOTEC GmbH
North America is the fastest growing region for cryotherapy devices market
1. Executive Summary |
2. Global Cryotherapy Devices Market Introduction |
2.1. Global Cryotherapy Devices Market Taxonomy |
2.2. Global Cryotherapy Devices Market Definitions |
2.2.1. By Therapy Type |
2.2.2. By Component |
2.2.3. By Application |
2.2.4. By End User |
2.2.5. By Region |
3. Global Cryotherapy Devices Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Cryotherapy Devices Market Dynamic Factors - Impact Analysis |
3.6. Global Cryotherapy Devices Market Competition Landscape |
4. Global Cryotherapy Devices Market Analysis, 2018-2022 and Forecast, 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Cryotherapy Devices Market, By Therapy Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.1. Cryosurgery |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Icepack Therapy |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Chamber Therapy |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Cryotherapy Devices Market, By Component, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.1. Cryogun |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Cryo Probes |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Gas Cylinders |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Localized Cryotherapy Devices |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Cryochambers & Cryosaunas |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7. Global Cryotherapy Devices Market, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.1. Oncology |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Cardiology |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Dematology |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Pain Management |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Cryotherapy Devices Market, By End User, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.1. Hospitals & Specialty Clinics |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Cryotherapy Centers |
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Spas & Fitness Centers |
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Others |
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
9. Global Cryotherapy Devices Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Cryotherapy Devices Market - Opportunity Analysis Index, By Therapy Type, Component, Application, End User, and Region, 2023-2029 |
10. North America Cryotherapy Devices Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
10.1. Therapy Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Cryosurgery |
10.1.2. Icepack Therapy |
10.1.3. Chamber Therapy |
10.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Cryogun |
10.2.2. Cryo Probes |
10.2.3. Gas Cylinders |
10.2.4. Localized Cryotherapy Devices |
10.2.5. Cryochambers & Cryosaunas |
10.2.6. Others |
10.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Oncology |
10.3.2. Cardiology |
10.3.3. Dermatology |
10.3.4. Pain management |
10.3.5. Others |
10.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Hospitals & Specialty Clinics |
10.4.2. Cryotherapy Centers |
10.4.3. Spas & Fitness Centers |
10.4.4. Others |
10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Cryotherapy Devices Market - Opportunity Analysis Index, By Therapy Type, Component, Application, End User, and Country, 2023-2029 |
10.7. North America Cryotherapy Devices Market Dynamics Trends |
11. Europe Cryotherapy Devices Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
11.1. Therapy Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Cryosurgery |
11.1.2. Icepack Therapy |
11.1.3. Chamber Therapy |
11.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Cryogun |
11.2.2. Cryo Probes |
11.2.3. Gas Cylinders |
11.2.4. Localized Cryotherapy Devices |
11.2.5. Cryochambers & Cryosaunas |
11.2.6. Others |
11.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Oncology |
11.3.2. Cardiology |
11.3.3. Dermatology |
11.3.4. Pain management |
11.3.5. Others |
11.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Hospitals & Specialty Clinics |
11.4.2. Cryotherapy Centers |
11.4.3. Spas & Fitness Centers |
11.4.4. Others |
11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Cryotherapy Devices Market - Opportunity Analysis Index, By Therapy Type, Component, Application, End User, and Country, 2023-2029 |
11.7. Europe Cryotherapy Devices Market Dynamics Trends |
12. Asia-Pacific Cryotherapy Devices Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
12.1. Therapy Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Cryosurgery |
12.1.2. Icepack Therapy |
12.1.3. Chamber Therapy |
12.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Cryogun |
12.2.2. Cryo Probes |
12.2.3. Gas Cylinders |
12.2.4. Localized Cryotherapy Devices |
12.2.5. Cryochambers & Cryosaunas |
12.2.6. Others |
12.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Oncology |
12.3.2. Cardiology |
12.3.3. Dermatology |
12.3.4. Pain management |
12.3.5. Others |
12.4. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Hospitals & Specialty Clinics |
12.4.2. Cryotherapy Centers |
12.4.3. Spas & Fitness Centers |
12.4.4. Others |
12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Cryotherapy Devices Market - Opportunity Analysis Index, By Therapy Type, Component, Application, End User, and Country, 2023-2029 |
12.7. Asia-Pacific Cryotherapy Devices Market Dynamics Trends |
13. Latin America Cryotherapy Devices Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
13.1. Therapy Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Cryosurgery |
13.1.2. Icepack Therapy |
13.1.3. Chamber Therapy |
13.2. Component Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Cryogun |
13.2.2. Cryo Probes |
13.2.3. Gas Cylinders |
13.2.4. Localized Cryotherapy Devices |
13.2.5. Cryochambers & Cryosaunas |
13.2.6. Others |