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Cryotherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cryotherapy market reached a value of US$ 292 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 421.9 Million by 2027 exhibiting a growth rate (CAGR) of 6.25% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Cryotherapy refers to a non-invasive technique used for alleviating pain and treating orthopedic injuries. It involves freezing and removing abnormal skin growth, such as warts and tags, and localized tumors for the treatment of prostate, cervical and liver cancer. It utilizes liquid nitrogen, liquid nitrous oxide and compressed argon gas for cryoablation and cryosurgery. Cryotherapy also aids in the treatment of rheumatoid arthritis, anxiety, asthma, migraine and muscle soreness. It is commonly preferred by individuals trying to reduce body weight by increasing metabolism and maintaining high body temperatures. In comparison to the traditionally used therapeutic procedures, cryotherapy promotes faster recovery, has minimal risks of affecting non-targeted areas and is widely used for the treatment of oncological, dermatological and cardiological disorders.

 

 
 

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Cryotherapy Market Trends:

The increasing prevalence of chronic medical disorders across the globe is one of the key factors driving the market growth. Whole-body cryotherapy (WBC) is widely used for the treatment of various health conditions, malignant and benign tumors, tissue damages or lesions and sports injuries. Moreover, the rising preference for minimally and non-invasive therapeutic procedures among patients and healthcare providers is providing a thrust to the market growth. Various technological advancements, such as the development of cryochambers and cryo-saunas for the treatment of inflammation, rheumatoid arthritis and chronic pain, are acting as other growth-inducing factors. In line with this, the increasing utilization of thin and supercooled probes and cryoablation needles with helium-free thaw capabilities is also contributing to the growth of the market. Other factors, including significant improvements in the healthcare infrastructure, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cryotherapy market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and end user.

Breakup by Product:

 

 
 

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  • Cryosurgery Devices
    • Tissue Contact Probes
    • Tissue Spray Probes
    • Epidermal and Subcutaneous Cryoablation Devices
  • Localized Cryotherapy Devices
  • Cryochambers and Cryosaunas
     

Breakup by Application:

  • Surgical Applications
    • Oncology
    • Cardiology
    • Dermatology
    • Others
  • Pain Management
  • Recovery, Health and Beauty
     

Breakup by End User:

  • Hospitals and Specialty Clinics
  • Cryotherapy Centres
  • Spas and Fitness Centres
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Boston Scientific Corporation, Brymill Cryogenic Systems, CooperSurgical Inc., Cortex Technology, CryoConcepts LP, Erbe Elektromedizin GmbH, Kriosystem-Care Sp. z o.o., Medtronic plc, METRUM CRYOFLEX Sp. z o.o. Sp. k., Pacira BioSciences Inc., US Cryotherapy and Zimmer MedizinSysteme GmbH.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Boston Scientific Corporation, Brymill Cryogenic Systems, CooperSurgical Inc., Cortex Technology, CryoConcepts LP, Erbe Elektromedizin GmbH, Kriosystem-Care Sp. z o.o., Medtronic plc, METRUM CRYOFLEX Sp. z o.o. Sp. k., Pacira BioSciences Inc., US Cryotherapy and Zimmer MedizinSysteme GmbH.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Cryotherapy Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Cryosurgery Devices
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Tissue Contact Probes
           6.1.2.2 Tissue Spray Probes
           6.1.2.3 Epidermal and Subcutaneous Cryoablation Devices
        6.1.3 Market Forecast
    6.2    Localized Cryotherapy Devices
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Cryochambers and Cryosaunas
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Surgical Applications
        7.1.1 Market Trends
        7.1.2 Key Segments
           7.1.2.1 Oncology
           7.1.2.2 Cardiology
           7.1.2.3 Dermatology
           7.1.2.4 Others
        7.1.3 Market Forecast
    7.2    Pain Management
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Recovery, Health and Beauty
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Hospitals and Specialty Clinics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cryotherapy Centres
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Spas and Fitness Centres
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Boston Scientific Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Brymill Cryogenic Systems
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    CooperSurgical Inc. 
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Cortex Technology
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    CryoConcepts LP
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Erbe Elektromedizin GmbH
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Kriosystem-Care Sp. z o.o.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Medtronic plc
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    METRUM CRYOFLEX Sp. z o.o. Sp. k.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Pacira BioSciences Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    US Cryotherapy
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Zimmer MedizinSysteme GmbH
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Cryotherapy Market: Major Drivers and Challenges
Figure 2: Global: Cryotherapy Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Cryotherapy Market: Breakup by Product (in %), 2021
Figure 5: Global: Cryotherapy Market: Breakup by Application (in %), 2021
Figure 6: Global: Cryotherapy Market: Breakup by End User (in %), 2021
Figure 7: Global: Cryotherapy Market: Breakup by Region (in %), 2021
Figure 8: Global: Cryotherapy (Cryosurgery Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Cryotherapy (Cryosurgery Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Cryotherapy (Localized Cryotherapy Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cryotherapy (Localized Cryotherapy Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cryotherapy (Cryochambers and Cryosaunas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cryotherapy (Cryochambers and Cryosaunas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cryotherapy (Surgical Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cryotherapy (Surgical Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cryotherapy (Pain Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cryotherapy (Pain Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cryotherapy (Recovery, Health and Beauty) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cryotherapy (Recovery, Health and Beauty) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cryotherapy (Hospitals and Specialty Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cryotherapy (Hospitals and Specialty Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cryotherapy (Cryotherapy Centres) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cryotherapy (Cryotherapy Centres) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cryotherapy (Spas and Fitness Centres) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cryotherapy (Spas and Fitness Centres) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Cryotherapy Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Cryotherapy Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Cryotherapy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Cryotherapy Industry: SWOT Analysis
Figure 76: Global: Cryotherapy Industry: Value Chain Analysis
Figure 77: Global: Cryotherapy Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Cryotherapy Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cryotherapy Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Cryotherapy Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Cryotherapy Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Cryotherapy Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Cryotherapy Market: Competitive Structure
Table 7: Global: Cryotherapy Market: Key Players


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Key Questions Answered in This Report

The global cryotherapy market was valued at US$ 292 Million in 2021.

We expect the global cryotherapy market to exhibit a CAGR of 6.25% during 2022-2027.

The growing adoption of cryotherapy for treating oncological, dermatological, and cardiological disorders as it promotes faster recovery, is currently driving the global cryotherapy market.

The sudden outbreak of the COVID-19 pandemic had led to the postponement of elective cryotherapy treatment procedures to reduce the risk of coronavirus infection upon hospital visits or interaction with healthcare professionals or medical equipments.

Based on the product, the global cryotherapy market can be segmented into cryosurgery devices, localized cryotherapy devices, and cryochambers and cryosaunas. Currently, cryochambers and cryosaunas hold the majority of the total market share.

Based on the application, the global cryotherapy market has been divided into surgical applications, pain management, and recovery, health and beauty. Among these, pain management currently exhibits a clear dominance in the market.

Based on the end user, the global cryotherapy market can be categorized into hospitals and specialty clinics, cryotherapy centers, and spas and fitness centers. Currently, cryotherapy centers account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global cryotherapy market include Boston Scientific Corporation, Brymill Cryogenic Systems, CooperSurgical Inc., Cortex Technology, CryoConcepts LP, Erbe Elektromedizin GmbH, Kriosystem-Care Sp. z o.o., Medtronic plc, METRUM CRYOFLEX Sp. z o.o. Sp. k., Pacira BioSciences Inc., US Cryotherapy, and Zimmer MedizinSysteme GmbH.

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