Cryotherapy Market Overview: Size, Share, Trends, and Forecasts
Meticulous Research® has released a new research report titled ‘Cryotherapy Market Size, Share, Forecast, & Trends Analysis by Device (Probe, Consoles, Saunas, Chamber, Facial Roller, Sticks), Substance (Liquid Nitrogen, Carbon Dioxide, Argon) Type (Partial, Whole Body) Application, End User - Global Forecast to 2031.’
The report projects that the cryotherapy market will reach $1.14 billion by 2031, growing at a CAGR of 11.9% over the forecast period. This growth is fueled by increasing demand for non-invasive therapies, advancements in cryotherapy technology, a rising incidence of chronic diseases and cancer, the growing adoption of cosmetic procedures, and expanding beauty and healthcare industries. The prevalence of sports injuries is also a contributing factor. However, the market's growth is restrained by limited accessibility to cryotherapy.
The market offers opportunities due to expanding applications of cryotherapy for inflammation, weight management, and immune modulation. Major challenges include the high cost of treatments, potential side effects from extreme cold, and a general lack of awareness. Key trends include personalized cryotherapy, its potential for improving sleep quality, its use in animal treatments, and the popularity of whole-body cryotherapy (WBC).
Key Players: Leading companies in the cryotherapy market include Medtronic plc (Ireland), Boston Scientific Corporation (U.S.), The Cooper Companies, Inc. (U.S.), Impact Cryotherapy (U.S.), Zimmer MedizinSysteme GmbH (Germany), METRUM CRYOFLEX Sp. z.o.o. (Poland), Brymill Cryogenics Systems (U.K.), Erbe Elektromedizin GmbH (Germany), CryoConcepts LP (U.S.), US Cryotherapy (U.S.), MECOTEC GmbH (Germany), and Cortex Technology (India).
Market Segmentation and Future Insights: The market is segmented by Therapy Type (Whole-body Cryotherapy, Partial-body Cryotherapy, Ice Pack Therapy, Instant Ice Pack Therapy, Internal Cryotherapy), Device Type (Cryosurgery Devices, Whole-body Cryo Devices, Localized Cryotherapy Devices, Facial Cryotherapy Devices, Cryo Lipolysis Devices, and Other Cryotherapy Devices), Substance (Liquid Nitrogen, Carbon Dioxide, Argon, Liquid Nitrous Oxide), Application (Surgical Applications, Sports, Health and Beauty, Pain Management), and End User (Hospitals and Clinics, Fitness Centers and Sports Clubs, Other End Users).
In 2024, the whole-body cryotherapy segment is expected to hold a dominant share of 40.9%, due to its benefits for muscle recovery and pain management. The cryosurgery devices segment is forecasted to capture 38.9% of the market share, driven by the use of cryoprobes and cryoconsoles in localized therapy. The surgical applications segment is anticipated to lead, given cryotherapy’s expanding role in treating various diseases and its cost benefits.
Geographic Review: The report evaluates key regions such as North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. North America is projected to dominate with a 41.6% market share in 2024, owing to high cancer prevalence, extensive healthcare spending, and significant adoption of cryotherapy.
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Key Questions Answered in the Report:
Which are the high-growth market segments in terms of therapy type, device type, substance involved, application, end user, and region/country?
What is the historical market size for cryotherapy products across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the global cryotherapy market?
Who are the major players operating in the global cryotherapy market?
What is the competitive landscape like, and who are the market leaders in the global cryotherapy market?
What are the recent developments in the cryotherapy market?
What are the various strategies adopted by major players in the cryotherapy market?
What are the geographical trends and high-growth regions/countries?
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