DUBLIN, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Cryotherapy Units Market Size, Share, Growth Analysis Report By Product Type (Whole Body Cryotherapy and Partial Body Cryotherapy), By Cryogen Type (Liquid Nitrogen Therapy, Dry Ice Therapy, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Cryotherapy Units Market size & share was valued at approximately USD 361.4 million in 2021. The market is expected to grow above a CAGR of 5.10% and is anticipated to reach over USD 487.08 million by 2028.”
The report analyses the cryotherapy units market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global cryotherapy units market.
What are Cryotherapy Units? How big is the Cryotherapy Units Industry?
- Market Overview:
Cryotherapy is also commonly referred to as cold therapyor ice pack therapy, in addition to treating a variety of tissues or nerve diseases. In addition to treating skin cancer, retinoblastoma, melanoma, and cervical cancer, it also treats a variety of other cancers. Providing patients with ice baths is another method that can be used to soothe and calm parts of the body that have been aggravated as a result of muscle sprains, tissue injury, or prolonged exertion. Because of the cold, the blood vessels in the body become more constricted, which in turn limits the quantity of inflammatory cytokines that can go to the site of the extreme pain.
Treatments using cryotherapy make use of a variety of gases, such as argon and nitrogen, among others. Cryoprobes are instruments that are employed in the treatment of primary tumours and malignancies in cancer. These instruments deliver liquid nitrogen to the parts of the body that are being targeted. It is anticipated that the market for cryotherapy equipment would grow as a result of the development of new technologies for treating cancer.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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- About 225+ Pages Research Report (Including Recent Research)
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
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- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Key Insights from Primary Research
- As per the analysis, the Cryotherapy Units market is likely to grow above a CAGR of around 5.10% between 2022 and 2028.
- The Cryotherapy Units market size was worth around US$ 361.4 million in 2021 and is estimated to hit approximately US$ 487.08 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The extensive use of the product type by athletes and other sportspeople due to the frequent incidence of injuries while engaging in sports is responsible for the increase of the whole body cryotherapy sector.
- By Product Type, the whole body cryotherapy category dominated the market in 2021.
- By Cryogen Type Segment Analysis., the liquid nitrogen therapy category dominated the market in 2021.
- North America dominated the cryotherapy units market in 2021.
Industry Drivers
The development of cryotherapy equipment throughout the years and different technological developments have led to cryotherapy's prominence as a therapeutic option. Among the updated pieces of equipment are accessories and cryosurgery machines. Cryochambers and cryosaunas, which are frequently utilized for pain management, rheumatoid arthritis treatment, and general beauty and health therapies, have also seen advancements. Cryotherapy is still only available in a small number of places.
Cryotherapy is mostly practiced in North America and Europe, and only a small number of other nations, including Japan, China, and Australia, have seen any breakthroughs in this area. This is largely owing to a lack of awareness in those countries. Despite being safer and less unpleasant than highly invasive surgical procedures, it is typically only used for extensive surgical treatments.
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Cryotherapy Units Market: COVID-19 Impact Analysis
Coronavirus disease, also known as COVID-19, is a highly contagious viral sickness that is caused by the SARS-CoV-2 coronavirus. This illness had a terrible effect on the demography of the entire world. The governments of multiple countries set restrictions on the kinds of elective surgeries and medical procedures that hospitals are allowed to perform. During the pandemic, there was a decrease in demand for cryotherapy products and an interruption in their supply.
This was due to the measures that were being taken to bring the pandemic under control. Because of these constraints, manufacturers of cryotherapy equipment were forced to confront challenges such as a shift in customer behavior, a reduction in demand, a change in purchasing patterns, and a redistribution of the supply chain. Each one of these problems has a deleterious effect on the market for cryotherapy.
Competitive Players
The report contains qualitative and quantitative research on the global cryotherapy units market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Some of the main players in the global Cryotherapy Units market include
- Zimmer MedizinSysteme GmbH
- inomedMedizintechnik GmbH
- YUKA
- R&D Krion LLC
- MetrumCryoflex Sp. z o. o.
- Sp. K.
- EasytechSrl
- Impact Cryotherapy
- Grand Cryo LLC
- Mecotec GmbH
- Cryonic Medical
- Titan Cryo
- Cryotech Nordic Ltd.
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Segmentation Analysis
The global cryotherapy units market is segregated based on product type segment analysis and cryogen type segment analysis. Based on product type segment analysis, the market is divided into whole body cryotherapy and partial body cryotherapy. The extensive use of the product type by athletes and other sportspeople due to the frequent incidence of injuries while participating in sports is responsible for the rise of the whole body cryotherapy sector throughout the forecast period. based on cryogen type segment analysis, the market is divided into liquid nitrogen therapy, dry ice therapy and others. In terms of volume, liquid nitrogen therapy will dominate the cryogen market. Due to the safety qualities of liquid nitrogen therapy, it has been widely used during the historical period, which is credited with the segmental growth throughout that time.
Regional Analysis:
North America held the largest market share in the year 2021, and it is anticipated that this will hold true throughout the forecast period. The North American cryotherapy market is being driven by factors such as the increased popularity of cryotherapy, the prevalence of cancer, the increase in sports and physical activity-related injuries, and the prevalence of CVDs. The use of cryotherapy by athletes and fitness and beauty lovers has grown recently in the US, causing several professional and college training departments to install cryosauna equipment at their facilities.
The Canadian Cancer Society additionally promotes the use of cryosurgery/cryoablation for the treatment of certain cancer diseases. Untapped prospects in the area, rising interest in cryosurgery for cancer and skin treatments, a quickly evolving healthcare infrastructure, and rising disposable income levels in emerging nations are all contributing factors to this expansion. New product approval in developing regions is also anticipated to be a significant driving force.
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Recent Industry Developments:
- A partnership between the healthcare technology business Koninklijke Philips N.V., based in Amsterdam, and Medtronic Plc, an American-Irish registered medical device corporation, was established in May 2019. With this collaboration, cryoablation technique image guiding will likely be integrated and innovative.
Key questions answered in this report:
- What is the market size and growth rate forecast for Cryotherapy Units industry?
- What are the main driving factors propelling the Cryotherapy Units Market forward?
- What are the leading companies in the Cryotherapy Units Industry?
- What segments does the Cryotherapy Units Market cover?
- How can I receive a free copy of the Cryotherapy Units Market sample report and company profiles?
Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 361.4 Million |
| Projected Market Size in 2028 | USD 487.08 Million |
| CAGR Growth Rate | 5.10% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Zimmer MedizinSysteme GmbH, inomedMedizintechnik GmbH, YUKA, R&D Krion LLC, MetrumCryoflex Sp. z o. o., Sp. K., EasytechSrl, Impact Cryotherapy, Grand Cryo LLC, Mecotec GmbH, Cryonic Medical, Titan Cryo, Cryotech Nordic Ltd., and Others |
| Key Segment | By Product Type, Cryogen Type, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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The global Cryotherapy Units market is segmented as follows:
By Product Type
- Whole Body Cryotherapy
- Partial Body Cryotherapy
By Cryogen Type
- Liquid Nitrogen Therapy
- Dry Ice Therapy
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product Type, Cryogen Type, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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