PUBLISHER: The Business Research Company | PRODUCT CODE: 1682201
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682201
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 $8.32 billion in 2024 to $9.21 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to the rise in prevalence of cancer, rise in preference for minimally invasive techniques, increased applications of cryosurgery, increased popularity of cryotherapy for sports and fitness applications, growth in preference for minimally or non-invasive procedures.
The cryotherapy market size is expected to see rapid growth in the next few years. It will grow to $13.77 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to the increasing number of non-invasive and minimally invasive procedures, increasing product launches, reasonably priced cryotherapy equipment, rising cryotherapy device use, and growing focus on expanding cryotherapy applications. Major trends in the forecast period include technological advancements in cryotherapy equipment, product launches, technological advancements and penetration of cryotherapy, and healthcare advancements.
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 2024. 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.
Cryotherapy Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cryotherapy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cryotherapy ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cryotherapy market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.