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Global Cryotherapy Market to reach USD 413.50 million by 2028.

Global Cryotherapy Market to reach USD 413.50 million by 2028.

Product Code: HLSDT-29320846
Publish Date: 16-03-2022
Page: 200

Global Cryotherapy Market is valued approximately USD 224.75 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2022-2028.

Cryotherapy is also known as cold therapy which works on low temperatures in medical therapy. This method is used to cure various types of tissue lesions by exposing specific body parts in a very cold environment. Cryotherapy is majorly used for the treatment of health conditions like tissue damages or lesions, malignant & benign tumors, pain, and sports injuries. The growing demand for minimally invasive/non-invasive procedures, rising incidence of cancer, cardiac conditions, and sports injuries, coupled with the increasing number of technological advancements in cryotherapy equipment are the primary factors that are stimulating the market demand across the globe. For instance, according to the National Cancer Institute, in 2018, there were around 18.1 million new cases and 9.5 million cancer-associated deaths recorded around the world. Also, it is expected that the new cancer cases annually are anticipated to increases to 29.5 million and the number of cancer-associated deaths to 16.4 million by the end of 2040. Thereby, the increasing prevalence of cancer especially prostate cancer and skin cancer is fueling the demand for cryotherapy as it quickly and proficiently destroys cancer cells. However, limited access to cryotherapy and lack of awareness, tied with the hazardous effects of cryogenic gases impede the growth of the market over the forecast period of 2022-2028. Also, the rising focus on expanding cryotherapy applications and increasing R&D spending is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Cryotherapy Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to rising sports and physical activity-associated injuries, favorable reimbursement scenarios, and the increasing popularity of cryotherapy. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising prevalence of cancer and CVDs, as well as increasing approval and launch of novel cryotherapy products across the region, would create lucrative growth prospects for the Cryotherapy Market across the Asia-Pacific region.

Major market players included in this report are:
CooperSurgical Inc.
Brymill Cryogenic Systems Ltd.
Erbe Elektromedizin GmbH
Kriosystem Life & Care
Medtronic Plc
Cryoconcepts LP
US Cryotherapy Corporate
Zimmer Medizinsysteme GmbH
Special Medical Technology Co., Ltd.
Metrum Cryoflex Sp. z oo, Sp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Cryosurgery Devices
Localized Cryotherapy Devices
Cryochambers & Cryosaunas
By Application
Surgical Applications
Pain Management
Recovery, Health, and Beauty
By End User
Hospitals & Specialty Clinics
Cryotherapy Centers
Spas & Fitness Centers
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Cryotherapy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Cryotherapy Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Cryotherapy Market, by Product, 2020-2028 (USD Million)
1.2.3. Global Cryotherapy Market, by Application, 2020-2028 (USD Million)
1.2.4. Global Cryotherapy Market, by End User, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cryotherapy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cryotherapy Market Dynamics
3.1. Cryotherapy Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing demand for minimally invasive or non-invasive procedures Increasing incidence of sports injuries, cancer, and cardiac conditions
3.1.2. Market Challenges Limited access to cryotherapy and lack of awareness Hazardous effects of cryogenic gases
3.1.3. Market Opportunities Rising focus on expanding cryotherapy applications Increasing R&D spendings
Chapter 4. Global Cryotherapy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Cryotherapy Market, by Product
6.1. Market Snapshot
6.2. Global Cryotherapy Market by Product, Performance – Potential Analysis
6.3. Global Cryotherapy Market Estimates & Forecasts by Product 2019-2028 (USD Million)
6.4. Cryotherapy Market, Sub Segment Analysis
6.4.1. Cryosurgery Devices
6.4.2. Localized Cryotherapy Devices
6.4.3. Cryochambers & Cryosaunas
Chapter 7. Global Cryotherapy Market, by Application
7.1. Market Snapshot
7.2. Global Cryotherapy Market by Application, Performance – Potential Analysis
7.3. Global Cryotherapy Market Estimates & Forecasts by Application 2019-2028 (USD Million)
7.4. Cryotherapy Market, Sub Segment Analysis
7.4.1. Surgical Applications
7.4.2. Pain Management
7.4.3. Recovery, Health, and Beauty
Chapter 8. Global Cryotherapy Market, by End User
8.1. Market Snapshot
8.2. Global Cryotherapy Market by End User, Performance – Potential Analysis
8.3. Global Cryotherapy Market Estimates & Forecasts by End User 2019-2028 (USD Million)
8.4. Cryotherapy Market, Sub Segment Analysis
8.4.1. Hospitals & Specialty Clinics
8.4.2. Cryotherapy Centers
8.4.3. Spas & Fitness Centers
Chapter 9. Global Cryotherapy Market, Regional Analysis
9.1. Cryotherapy Market, Regional Market Snapshot
9.2. North America Cryotherapy Market
9.2.1. U.S. Cryotherapy Market Product estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028 End User estimates & forecasts, 2019-2028
9.2.2. Canada Cryotherapy Market
9.3. Europe Cryotherapy Market Snapshot
9.3.1. U.K. Cryotherapy Market
9.3.2. Germany Cryotherapy Market
9.3.3. France Cryotherapy Market
9.3.4. Spain Cryotherapy Market
9.3.5. Italy Cryotherapy Market
9.3.6. Rest of Europe Cryotherapy Market
9.4. Asia-Pacific Cryotherapy Market Snapshot
9.4.1. China Cryotherapy Market
9.4.2. India Cryotherapy Market
9.4.3. Japan Cryotherapy Market
9.4.4. Australia Cryotherapy Market
9.4.5. South Korea Cryotherapy Market
9.4.6. Rest of Asia Pacific Cryotherapy Market
9.5. Latin America Cryotherapy Market Snapshot
9.5.1. Brazil Cryotherapy Market
9.5.2. Mexico Cryotherapy Market
9.6. Rest of The World Cryotherapy Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. CooperSurgical Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Brymill Cryogenic Systems Ltd.
10.2.3. Erbe Elektromedizin GmbH
10.2.4. Kriosystem Life & Care
10.2.5. Medtronic Plc
10.2.6. Cryoconcepts LP
10.2.7. US Cryotherapy Corporate
10.2.8. Zimmer Medizinsysteme GmbH
10.2.9. Special Medical Technology Co., Ltd.
10.2.10. Metrum Cryoflex Sp. z oo, Sp.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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