Cryotherapy Market By Product Type, Localized Cryotherapy Devices Cryochambers & Cryosaunas), By Application, By End User, and Region Forecast 2019-2030
Cryotherapy Market size was valued at US$ 312.6 million in 2023 and is poised to grow at a CAGR of 4.8% from 2024-2030. The market owing to the rising prevalence of cancer and increasing incidence of skin disorders and is also an alternative to minimally invasive surgical treatments and radiation treatment for prostate cancer treatment are expected to drive the growth of the market. Moreover, growing popularity in the beauty, wellness, and fitness industries and advancements in technology, and favorable reimbursement policies fuel the growth of the market.
However, the hazardous effects of cryogenic gases and the lack of evidence to support the claims of whole-body cryotherapy are expected to hamper the growth of the market. The global market is surging owing to increased approvals and strategic collaborations among the market players to strengthen their position in different regions of the globe. For instance, in June 2017, Channel Medsystems received CE Mark Approval for the Cerene Cryotherapy Device for endometrial ablation procedures.
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 market.
Study Period
2024-2030Base Year
2023CAGR
4.80%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
In 2018, the cancer burden across the globe is estimated to have risen to 18.1 Mn new cases and 9.6 Mn deaths. Almost 1 in 5 men and one in 6 women develop cancer worldwide during their lifetime. Cryosurgery is a proven minimally invasive alternative to surgical treatments and radiation treatment for the prostate cancer treatment. The increasing application of cryosurgery in oncology and advancements in technology for cryotherapy equipment and growing preference towards minimally invasive techniques enhances the growth of the market over the forecast years.
North America accounted for larger revenue share in global cryotherapy market with significant CAGR owing to rising adoption of whole body cryotherapy and for cancers and other skin disorders and presence of good number of skilled professionals. Moreover, Cryotherapy is also an advantageous for the patients who cannot be operated and are non-responsive to the treatment. In addition, launch of new products and growing number of surgical procedures carried out in the region enhances the growth of the market. Asia Pacific is expected to grow at highest CAGR over the forecast due to increase in incidence rate of cancer and adoption of minimally invasive surgeries coupled with medical tourism in the region fuels the growth of the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 312.6 million |
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Market CAGR |
4.80% |
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By Product Type |
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By Application Area |
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By End User |
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By Region |
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The cryotherapy market size was valued at US$ 312.6 million in 2023 and is set to grow at a significant CAGR of 4.8% from 2024-2030.
The market key players are CryoConcepts LP, Medtronic, Cryoflex Brymill Cryogenic Systems Cooper Surgical Galil Medical, Inc. Erbe Elektromedizin GmbH, Wallach Surgical Devices
Rising Preference for Minimally Invasive Techniques
| 1. Executive Summary |
| 2. Global Cryotherapy Market Introduction |
| 2.1 Global Cryotherapy Market – Taxonomy |
| 2.2 Global Cryotherapy Market – Definitions |
| 2.2.1 By Product Type |
| 2.2.2 By Application Area |
| 2.2.3 By End User |
| 3. Global Cryotherapy Market Dynamics |
| 3.1 Drivers |
| 3.2 Restraints |
| 3.3 Opportunities/Unmet Needs of the Market |
| 3.4 Trends |
| 3.5 Global Cryotherapy Market Dynamics – Factors Impact Analysis |
| 4. Global Cryotherapy Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1 Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2 Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3 Market Opportunity Analysis |
| 5. Global Cryotherapy Market Forecast, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 |
| 5.1 Cryosurgery Devices |
| 5.1.1 Tissue Contact Probes |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 5.1.2 Tissue Spray Probes |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 5.1.3 Epidermal and Subcutaneous Cryoablation Devices |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 5.2 Localized Cryotherapy Devices |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 5.3 Cryochambers & Cryosaunas |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 6. Global Cryotherapy Market Forecast, By Application Area, 2019 - 2023 and Forecast, 2024 - 2030 |
| 6.1 Surgical Applications |
| 6.1.1 Oncology |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 6.1.2 Cardiology |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 6.1.3 Dermatology |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 6.1.4 Other Surgical Applications |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 6.2 Pain Management |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 6.3 Recovery, Health, and Beauty |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 7. Global Cryotherapy Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030 |
| 7.1 Hospitals & Specialty Clinics |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 7.2 Cryotherapy Centers |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 7.3 Others |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 8. Global Cryotherapy Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 |
| 8.1 North America |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 8.2 Europe |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 8.3 Asia Pacific |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 8.4 Latin America |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 8.5 The Middle East & Africa |
| Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| Market Opportunity Analysis |
| 8.6 Global Cryotherapy Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Region, 2024 - 2030 |
| 9. North America Cryotherapy Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 9.1 Product Type Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1 Cryosurgery Devices |
| 9.1.1.1 Tissue Contact Probes |
| 9.1.1.2 Tissue Spray Probes |
| 9.1.1.3 Epidermal and Subcutaneous Cryoablation Devices |
| 9.1.2 Localized Cryotherapy Devices |
| 9.1.3 Cryochambers & Cryosaunas |
| 9.2 Application Area Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3 End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.4 Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.5 North America Cryotherapy Market - Opportunity Analysis Index, By Product Type, By Application Area, By End User, and Country, 2024 - 2030 |
| 9.6 North America Cryotherapy Market Dynamics – Trends |
| 10. Europe Cryotherapy Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 10.1 Product Type Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1 Cryosurgery Devices |
| 10.1.1.1 Tissue Contact Probes |
| 10.1.1.2 Tissue Spray Probes |
| 10.1.1.3 Epidermal and Subcutaneous Cryoablation Devices |
| 10.1.2 Localized Cryotherapy Devices |
| 10.1.3 Cryochambers & Cryosaunas |
| 10.2 Application Area Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3 End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.4 Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5 Europe Cryotherapy Market - Opportunity Analysis Index, By Product Type, By Application Area, By End User, and Country, 2024 - 2030 |
| 10.6 Europe Cryotherapy Market Dynamics – Trends |
| 11. Asia Pacific Cryotherapy Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 11.1 Product Type Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1 Cryosurgery Devices |
| 11.1.1.1 Tissue Contact Probes |
| 11.1.1.2 Tissue Spray Probes |
| 11.1.1.3 Epidermal and Subcutaneous Cryoablation Devices |
| 11.1.2 Localized Cryotherapy Devices |
| 11.1.3 Cryochambers & Cryosaunas |
| 11.2 Application Area Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3 End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.4 Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5 Asia Pacific Cryotherapy Market - Opportunity Analysis Index, By Product Type, By Application Area, By End User, and Country, 2024 - 2030 |
| 11.6 Asia Pacific Cryotherapy Market Dynamics – Trends |
| 12. Latin America Cryotherapy Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 12.1 Product Type Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1 Cryosurgery Devices |
| 12.1.1.1 Tissue Contact Probes |
| 12.1.1.2 Tissue Spray Probes |
| 12.1.1.3 Epidermal and Subcutaneous Cryoablation Devices |
| 12.1.2 Localized Cryotherapy Devices |
| 12.1.3 Cryochambers & Cryosaunas |
| 12.2 Application Area Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3 End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.4 Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5 Latin America Cryotherapy Market - Opportunity Analysis Index, By Product Type, By Application Area, By End User, and Country, 2024 - 2030 |
| 12.6 Latin America Cryotherapy Market Dynamics – Trends |
| 13. Middle East and Africa Cryotherapy Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 13.1 Product Type Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1 Cryosurgery Devices |
| 13.1.1.1 Tissue Contact Probes |
| 13.1.1.2 Tissue Spray Probes |
| 13.1.1.3 Epidermal and Subcutaneous Cryoablation Devices |
| 13.1.2 Localized Cryotherapy Devices |
| 13.1.3 Cryochambers & Cryosaunas |
| 13.2 Application Area Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3 End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.4 Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5 Middle East and Africa Cryotherapy Market - Opportunity Analysis Index, By Product Type, By Application Area, By End User, and Country, 2024 - 2030 |
| 13.6 Middle East and Africa Cryotherapy Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1 Strategic Dashboard of Top Market Players |
| 14.2 Company Profiles (Introduction, Financial Analysis, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1 CryoConcepts LP |
| 14.2.2 Medtronic |
| 14.2.3 Impact Cryotherapy |
| 14.2.4 Zimmer MedizinSystems |
| 14.2.5 Metrum Cryoflex |
| 14.2.6 Brymill Cryogenic Systems |
| 14.2.7 Cooper Surgical |
| 14.2.8 Galil Medical, Inc. |
| 14.2.9 Erbe Elektromedizin GmbH |
| 14.2.10 Wallach Surgical Devices |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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