Cryotherapy MarketCryotherapy Market, By Product Type, Application, Therapy Type, End User, and Geography - Forecast till 2024

GLOBAL CRYOTHERAPY MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016–2024
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REPORT DESCRIPTION
Global Cryotherapy Market Overview
The Global Cryotherapy Market was valued at US$ 2,414.2 million in 2015 and is projected
to expand at a CAGR of 8.5 % during the forecast period (2016–2024), as highlighted in a
new report published by Coherent Market Insights. Increasing incidence of cancer and
growing inclination of the populace towards maintaining beauty and wellness is expected to
support growth of the global cryotherapy market over the forecast period.
Increasing number of sports injuries is consequently leading to higher adoption of
cryotherapy to aid faster recovery and decrease muscle pain. Thus, use of cryo chambers is
increasing exponentially in developed regions such as the U.S., U.K., Australia, and Germany.
For instance, the management of Wales rugby team decided to provide cryotherapy to the
team in a six day turnover period between its games with Italy and England (February 2017).
The team required a faster recovery considering the spree of matches ahead, for which the
Welsh Rugby Union flew its team from Rome to Wales. However, high capital investment
and dearth of trained professionals to handle the cryotherapy equipment inhibits growth of
the cryotherapy market in emerging economies in Asia Pacific and Africa.
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A fast emerging application area of cryotherapy is in treatment of localized cancer. Though these
claims are yet to be substantiated, increasing incidence of cancer and the quest to find a less
painful treatment option for the same is expected to create a highly conducive environment for
growth of the cryotherapy market. According to the World Health Organization (WHO), 14 million
new cancer cases were diagnosed worldwide in 2012. The organization estimates that the
incidence will increase by 70% over the following two decades. Moreover, according to WHO,
cancer is the second leading cause of death worldwide. Increase in awareness about cryotherapy
is
expected
to
fuel
the
global
cryotherapy
market
growth.
Browse Press Release: https://www.coherentmarketinsights.com/pressrelease/cryotherapy-market-to-surpass-us-49-billion-by-2024-27
Cryotherapy involves application of extremely cold air, as cool as -264 degree Fahrenheit, to
heal injuries in athletes. Moreover, cryotherapy is a very effective solution in alleviating pain.
Localized cryotherapy is widely used to treat tumor cells located in any part of the body.
Prostate cancer is one of the prominent condition being treated by cryotherapy in developed
regions such as the North America, and Europe. Furthermore, popularity of cryotherapy in
these regions, along with in Australia, Japan and New Zealand is leading to establishment of
cryotherapy centers across these developed economies.
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REPORT DESCRIPTION
Key takeaways of the market:
• The global cryotherapy market is characterized by strategic research and development to
establish evidence in the safe and effective use of cryotherapy in various disease
conditions
• The global cryotherapy market is expected to expand at a CAGR of 8.5% during the
forecast period (2016–2024). Rising prevalence of caner and increasing demand for
improving aesthetic appeal and wellness across the globe is expected to favor the market
growth for cryotherapy over the forecast period.
• The oncology application segment in the global cryotherapy market was estimated to be
the largest in 2015 and is expected to retain its dominance in the market throughout the
forecast period in terms of value.
• In terms of product type, the cryogun product type segment is expected to expand at a
significant CAGR of 9.0% during the forecast period, owing to
• Some of the major players present in the global cryotherapy market include 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., Zimmer MedizinSystems and Mectronic Medicale s.r.l.
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Cryotherapy is an alternative tumor treatment option, usually preferred in cases wherein removal of tumor using conventional surgery is not effective. Cryotherapy is also utilized in treating skin disorders, for anti-aging, muscle pain and recovery, and for muscle-related injuries. Cryotherapies are broadly classified as localized/surgical cryotherapy or cryosurgery and whole-body cryotherapy. Cryosurgery is used for treatment of skin conditions, cancer, and pain. Whole body cryotherapy (WBC) find applications in health and fitness, generally performed opted for by athletes and film personalities. Liquid nitrogen cooled sauna or cryotherapy chamber (exposed to fresh oxygenated cooled air) are some of the more non-conventional techniques employed in WBC. Cryotherapy chambers are usually preferred by cryotherapy centers or at home-facilities. Cryo-guns, cryo probes and gas cylinders are mainly used in hospitals and clinics for major cryotherapy procedures. Request Sample Copy of the Business Report: https://www.coherentmarketinsights.com/insight/request-sample/133