Cryotherapy Market Report 2024 (Global Edition)

Global Cryotherapy Market Report 2024 Market Size Split by Therapy Type (Cryosurgery, Chamber Therapy), by Application (Fitness, Cold Storage), by Device Type (Cryo Chamber, Cryo Probe Brown)

Cryotherapy Market Report Description

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Cryotherapy Market Insights Video

Competitive Landscape of the Cryotherapy Market

Manufacturers of cryotherapy try to stay ahead of the competition by releasing new cryotherapy techniques. Major participants in the global cryotherapy market are investing in development and research to increase the applications of cryotherapies in various methods. There is a lot of competition in the cryosurgery and cold therapy markets since many different manufacturers, both big and small, provide items for these procedures. In addition, businesses are investing in R&D for new products and improving their supply chains.

• In August 2022, CryoCon, MECOTEC unveiled their new Smart Control App. Our new app unifies all our clients' machines into a single platform, letting them monitor and control their condition from any location, increasing efficiency and facilitating "on-the-go" maintenance. 

(Source:www.mecotec.net/en/news/cryocon-smart-control-app/)

• In November 2022, the Bulgari SPA London, a wellness center, offered four state-of-the-art cryotherapy treatments for both sexes. After a sports injury, localized cold therapy performed during massage can help alleviate pain and swelling and speed up healing. 

(Source:www.bulgarihotels.com/en_US/london/spa-and-fitness/the-pool)

Top Companies Market Share in Cryotherapy Industry: (In no particular order of Rank)

• Brymill Cryogenic Systems
• Metrum Cryoflex
• CryoConcepts LP
• Medtronic
• Cortex Technology
• Medtronic Medicale S.r.l.
• Cryoalfa
• Wallach Surgical Devices
• Zimmer Medizin Systeme GmbH
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of Cryotherapy

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 because more people in developing Asian nations are learning about cryosurgery as a potential cure for skin cancer and other diseases, and their disposable incomes are rising. New product approvals in emerging regions are also anticipated to play a significant role. Furthermore, during the forecast period, there will be more demand for cryotherapy in the Asia-Pacific region. The Asia Pacific cryotherapy market is being propelled by factors such as the increasing popularity of the treatment, the incidence of cancer, the number of injuries sustained from sports and physical activities, and the prevalence of cardiovascular diseases.

Middle East and Africa are the fastest-growing categories in the region because of the high levels of disposable money, the longevity of the healthcare system, and the high cost of healthcare. A large number of cryotherapy facilities are located in this area. They also increase healthcare spending, the availability of trained specialists, the growing popularity of whole-body cryotherapy, and the rising popularity of skin diseases and malignancies. Market participants' plans to invest in cryotherapy research and development and generate demand in the country will also propel the industry forward. All these things are predicted to help the market grow in the Middle East and Africa throughout the forecast period.

The current report Scope analyzes Cryotherapy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cryotherapy Market

According to Cognitive Market Research, North America held a considerable market share in 2023, accounting for more than 43% of global revenue, and will expand with a CAGR of 6.5% from 2023 to 2030. Several factors are driving the cryotherapy market in North America, including the rising popularity of the treatment, the frequency of cancer diagnoses, the frequency of sports and physical activity-related injuries, and the prevalence of heart illnesses, driving the market growth in the region. According to Cognitive Market Research, the fitness sector is a significant driver because it helps minimize muscle exhaustion. Cryotherapy has several advantages, including a shorter recovery period between workouts. This is a godsend for athletes who train frequently or with high intensity. In conclusion, owing to the rapid adoption of cryotherapy, the cryotherapy business in North America is booming. Cryotherapy is becoming increasingly popular in the North American region, and this trend will only accelerate as the economy shows indications of improvement.

Europe Cryotherapy Market

According to Cognitive Market Research, Europe held a considerable market share in 2023, accounting for more than 30% of global revenue, and will expand with a CAGR of 6.6% from 2023 to 2030. The cryotherapy industry has probably grown due to the increasing number of cases of cancer and sports injuries, the rising demand for therapies that involve minimally invasive procedures, and the growing number of cases where cryotherapy procedures are used for cosmetic purposes in cosmetics, which is expected to drive growth in the European cryotherapy industry. According to Cognitive Market Research, cryoprobes are a significant origin form segment because cryo probes allow for focused cryotherapy by accurately localizing the areas that need treatment. This degree of accuracy is a driving factor in expanding the market for targeted cooling in medical procedures including tumor treatment and localized pain management. In conclusion, the European cryotherapy market, which covers emerging nations like Germany, France, Italy, Spain, Russia, and the rest of Europe, and more cryotherapy services available to consumers in Europe, is anticipated to expand rapidly during the projected period.

Asia Pacific Cryotherapy Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 22% of global revenue, and will expand with a CAGR of 8.6% from 2023 to 2030. Cryotherapy products are becoming increasingly popular in Asia due to rising disposable income, increased urbanization, and a stronger focus on health. This trend is boosting the demand for cryotherapies. According to Cognitive Market Research, it is predicted that the cryosurgery category will have the most rapid expansion in the Asia-Pacific area in the next years because the increasing demand for surgical operations worldwide is the reason for it. There are reduced problems and quicker recuperation periods associated with this method compared to more conventional approaches. In conclusion, the Asian and Pacific area is expanding its potential in the Asia-Pacific area and experiencing an uptick in cryotherapy services usage in sports and wellness. This has contributed to the industry's progress within the anticipated time range.

South America Cryotherapy Market

According to Cognitive Market Research, Latin America held a considerable market share in 2023, accounting for more than 4.00% of global revenue, and will expand with a CAGR of 7.2% from 2023 to 2030 because the demand for cryotherapy has been on the rise due to urbanization, The wellness and beauty business in the Latin America region has observed notable growth, owing to the rising public awareness of cryotherapy's benefits. According to Cognitive Market Research, the Latin American market is expected to increase in the coming years because cryotherapy chambers may help with various skin issues, including improving texture and tone. Many people think that skin can mend itself when it gets cold because that's when gelatin is made, improving overall cryo chamber category growth and contributing to the market growth in this region. In conclusion, investment in research and development gives Latin American cryotherapy service producers a leg up in the market, which should continue to expand in the years to come due to regulatory frameworks and medical facilities.

Middle East and Africa Cryotherapy Market

According to Cognitive Market Research, the Middle East and Africa held a considerable market share in 2023, accounting for more than 1.00% of global revenue, and will expand with a CAGR of 7.4% from 2023 to 2030. Demand for cryotherapy has been driven by the growing popularity of health & wellness, a growth in athletes and fitness and a growing embrace of technology in medical facilities, which will increase the demand for cryotherapy in the coming years. According to Cognitive Market Research, the chamber therapy cryotherapy segment has grown because cryotherapy is becoming increasingly popular in many fields, such as the health and wellness industry, the fitness industry, and others. More and more sportspeople and athletes opt for chamber therapy for muscle pain, injuries, stiffness, and post-workout muscle fatigue. In conclusion, demand for cryotherapies is expected to rise in the coming years due to the growing number of health-aware and environmentally-conscious benefits in the Middle East and Africa.

Cryotherapy Market Analysis

Cryotherapy Therapy Type Segment Analysis

According to Cognitive Market Research, cryosurgery held the major market share over the forecast period because the demand for surgical operations has increased worldwide. This process allows for a quicker recovery with fewer side effects than older methods. On top of that, it can be utilized in conjunction with other treatments like hormone treatment, radiation therapy, and electromagnetic radiation, fueling market growth.

Chamber therapy is the fastest-growing category over the forecast period due to the growing use of cryotherapy in various industries, including health and wellness, fitness, and others. Athletes and sportspeople are increasingly turning to chamber therapy. The benefits of cryotherapy on various sports-related outcomes, including muscle pain, injury, and soreness as well as delayed onset of muscle soreness, have been the subject of multiple published studies.

• Cryosurgery
• Chamber Therapy

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cryotherapy Industry. Request a Free Sample PDF!

Cryotherapy Application Segment Analysis

According to Cognitive Market Research, fitness holds a prominent market share because a faster recovery time between workouts is one benefit of cryotherapy, which helps reduce muscle fatigue. This is especially helpful for athletes who do intense or repetitive workouts, boosting this segment's growth.

Cold storage will be the fastest-growing category over the forecast period because many transportation and medical applications include vaccination and medication storage.

• Fitness
• Cold Storage

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cryotherapy Device Type Segment Analysis

According to Cognitive Market Research, cryo chambers hold a prominent market share because they have the potential to improve skin texture and tone, among other benefits. Many believe the skin can repair itself when exposed to cold since this triggers gelatin production.

Cryo probes are the fastest-growing category over the forecast period because cryo probes provide targeted cryotherapy by precisely locating affected areas. Medical operations requiring focused cooling, such as tumour treatment or localized pain management, benefit greatly from this level of precision, contributing to the market's growth.

• Cryo Chamber
• Cryo Probe Brown

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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