Cryotherapy Global Market Report 2024

Description

Cryotherapy is a therapeutic approach that exposes the body or specific body parts to extremely low temperatures for a short duration. It is widely utilized to mitigate pain, reduce swelling, expedite healing, facilitate post-exercise or injury recovery, and enhance athletic performance.

The primary types of cryotherapy therapy include cryosurgery, icepack therapy, and chamber therapy. Cryosurgery is a medical procedure that entails controlled tissue destruction through freezing. These therapies employ various devices such as cryosurgery devices, localized cryotherapy devices, cryochambers, cryosaunas, and cryoguns, catering to applications in surgical procedures, oncology, dermatology, and cardiology. These are utilized by diverse end-users including hospitals, specialty clinics, cryotherapy centers, spas, and fitness centers.

The cryotherapy market research report is one of a series of new reports from The Business Research Company that provides cryotherapy market statistics, including cryotherapy industry global market size, regional shares, competitors with a cryotherapy market share, detailed cryotherapy market segments, market trends and opportunities, and any further data you may need to thrive in the industry. This cryotherapy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cryotherapy market size has grown rapidly in recent years. It will grow from $7.54 billion in 2023 to $8.32 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed during the historic period can be attributed to several factors, including the increasing prevalence of cancer, a growing preference for minimally invasive techniques, expanded applications of cryosurgery, rising popularity of cryotherapy for sports and fitness applications, and a trend towards minimally or non-invasive procedures in general.

The cryotherapy market size is expected to see rapid growth in the next few years. It will grow to $12.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The anticipated growth in the forecast period can be attributed to several factors, including the rising adoption of non-invasive and minimally invasive procedures, an increase in product launches offering reasonably priced cryotherapy equipment, growing utilization of cryotherapy devices, and a heightened focus on expanding cryotherapy applications. Major trends expected during this period include technological advancements in cryotherapy equipment, frequent product launches, technological innovations and increased penetration of cryotherapy, as well as advancements in healthcare practices overall.

The cryotherapy market is poised for significant growth, driven by the increasing popularity of non-invasive and minimally invasive procedures in medical interventions. These procedures are designed to diagnose, treat, or manage health conditions with minimal disruption to the body's normal anatomy and physiology, appealing to patients due to reduced risks and complications, faster recovery times, minimal downtime, and less discomfort. Cryotherapy, offering a non-invasive treatment approach, addresses various medical conditions and cosmetic concerns, aligning with the preferences of patients seeking less invasive alternatives to traditional surgical procedures. For instance, data from The Aesthetic Society indicates a substantial increase in total minimally invasive cosmetic procedures in the USA, reaching 23.7 million in 2022, along with significant expenditure growth on aesthetic procedures, totaling over $11.8 billion. This trend underscores the significant role of non-invasive and minimally invasive procedures in driving the cryotherapy market forward.

Key players in the cryotherapy market are actively developing innovative solutions to meet the increasing demand for non-invasive treatments. One such advancement is the development of disposable cryocare devices such as the Isolis cryoprobe, designed for precise tissue freezing and destruction. Varian Medical Systems, a prominent medical device company, introduced the Isolis cryoprobe in May 2023, a single-use disposable device enhancing procedural efficiency and precision for cryoablation procedures. The Isolis cryoprobe offers interventional radiologists greater control, predictability, accuracy, and efficiency, with features such as a small 2.1mm or 14-gauge shaft and a sharp probe tip for easy and precise installation. Moreover, it allows for tissue freezing and ablation at extremely low temperatures and integrates with Siemens Healthineers' myNeedle Laser guidance system, catering to various surgical specialties.

In March 2022, Pietro Fiorentini Group expanded its presence in the cryotherapy market through the acquisition of Cryo Inox S.L., a Spain-based company specializing in engineering and manufacturing solutions for cryotherapy. This strategic move enables Pietro Fiorentini Group to enhance its offerings for liquefaction and micro-liquefaction of natural gas and biomethane, facilitating LNG transportation through virtual pipelines. By integrating Cryo Inox's expertise, Pietro Fiorentini Group aims to provide innovative solutions for storage and transportation, offering alternatives to traditional gas pipelines in the natural gas supply chain.

Major companies operating in the cryotherapy market are Medtronic Plc, Stryker, Boston Scientific Corporation, CooperSurgical Inc., Erbe Elektromedizin GmbH, Quantum Cryogenics, Zimmer MedizinSysteme GmbH, CryomedPro, CryoConcepts LP, Brymill Cryogenic Systems, US Cryotherapy, Cortex Technology, Impact Cryotherapy, MECOTEC GmbH, CryoBuilt Inc., Cryomachines Inc., IceCure Medical Ltd., Cryoalfa, Galil Medical Inc., CRYO Science, Titan Cryo.

North America was the largest region in the cryotherapy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cryotherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the cryotherapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cryotherapy market consists of revenues earned by entities by providing services such as whole-body cryotherapy (WBC), cryofacial, cryotherapy for skin conditions, cryotherapy for wellness and beauty, cryo-compression therapy, cryotherapy for weight loss, and mobile cryotherapy services. The market value includes the value of related goods sold by the service provider or included within the service offering. The cryotherapy market includes sales of cryotherapy devices, cryogenic storage and handling equipment, cryotherapy accessories, cryo-tech apparel, and monitoring and safety systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Therapy Type: Cryosurgery; Icepack Therapy; Chamber Therapy
2) By Device: Cryosurgery Device; Localized Cryotherapy Device; Cryochambers And Cryosaunas; Cryogun
3) By Application: Surgical Applications ; Oncology; Dermatology; Cardiology
4) By End-user: Hospitals And Specialty Clinics; Cryotherapy Centers; Spas And Fitness Centers
Covering: Medtronic Plc; Stryker; Boston Scientific Corporation; CooperSurgical Inc.; Erbe Elektromedizin GmbH

Product Code: r17330

1. Executive Summary

2. Cryotherapy Market Characteristics

3. Cryotherapy Market Trends And Strategies

4. Cryotherapy Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Cryotherapy Market Size and Growth

5.1. Global Cryotherapy Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cryotherapy Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cryotherapy Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cryotherapy Market Segmentation

6.1. Global Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cryosurgery
Icepack Therapy
Chamber Therapy
6.2. Global Cryotherapy Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cryosurgery Device
Localized Cryotherapy Device
Cryochambers And Cryosaunas
Cryogun
6.3. Global Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Surgical Applications
Oncology
Dermatology
Cardiology
6.4. Global Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals And Specialty Clinics
Cryotherapy Centers
Spas And Fitness Centers

7. Cryotherapy Market Regional And Country Analysis

7.1. Global Cryotherapy Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cryotherapy Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cryotherapy Market

8.1. Asia-Pacific Cryotherapy Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cryotherapy Market

9.1. China Cryotherapy Market Overview
9.2. China Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cryotherapy Market

10.1. India Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cryotherapy Market

11.1. Japan Cryotherapy Market Overview
11.2. Japan Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cryotherapy Market

12.1. Australia Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cryotherapy Market

13.1. Indonesia Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cryotherapy Market

14.1. South Korea Cryotherapy Market Overview
14.2. South Korea Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cryotherapy Market

15.1. Western Europe Cryotherapy Market Overview
15.2. Western Europe Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cryotherapy Market

16.1. UK Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cryotherapy Market

17.1. Germany Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cryotherapy Market

18.1. France Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cryotherapy Market

19.1. Italy Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cryotherapy Market

20.1. Spain Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cryotherapy Market

21.1. Eastern Europe Cryotherapy Market Overview
21.2. Eastern Europe Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cryotherapy Market

22.1. Russia Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cryotherapy Market

23.1. North America Cryotherapy Market Overview
23.2. North America Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cryotherapy Market

24.1. USA Cryotherapy Market Overview
24.2. USA Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cryotherapy Market

25.1. Canada Cryotherapy Market Overview
25.2. Canada Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cryotherapy Market

26.1. South America Cryotherapy Market Overview
26.2. South America Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cryotherapy Market

27.1. Brazil Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cryotherapy Market

28.1. Middle East Cryotherapy Market Overview
28.2. Middle East Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cryotherapy Market

29.1. Africa Cryotherapy Market Overview
29.2. Africa Cryotherapy Market, Segmentation By Therapy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cryotherapy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cryotherapy Market, Segmentation By End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cryotherapy Market Competitive Landscape And Company Profiles

30.1. Cryotherapy Market Competitive Landscape
30.2. Cryotherapy Market Company Profiles
- 30.2.1. Medtronic Plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Stryker
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Boston Scientific Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. CooperSurgical Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Erbe Elektromedizin GmbH
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Cryotherapy Market Other Major And Innovative Companies

31.1. Quantum Cryogenics
31.2. Zimmer MedizinSysteme GmbH
31.3. CryomedPro
31.4. CryoConcepts LP
31.5. Brymill Cryogenic Systems
31.6. US Cryotherapy
31.7. Cortex Technology
31.8. Impact Cryotherapy
31.9. MECOTEC GmbH
31.10. CryoBuilt Inc.
31.11. Cryomachines Inc.
31.12. IceCure Medical Ltd.
31.13. Cryoalfa
31.14. Galil Medical Inc.
31.15. CRYO Science

32. Global Cryotherapy Market Competitive Benchmarking

33. Global Cryotherapy Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cryotherapy Market

35. Cryotherapy Market Future Outlook and Potential Analysis

35.1 Cryotherapy Market In 2028 - Countries Offering Most New Opportunities
35.2 Cryotherapy Market In 2028 - Segments Offering Most New Opportunities
35.3 Cryotherapy Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer