Product Code: GVR-1-68038-146-7
Cryotherapy Market Growth & Trends:
The global cryotherapy market size is expected to reach USD 11.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.2% from 2022 to 2030. This growth is due to a rise in demand for cryotherapy in fitness, beauty & wellness, increased prevalence of chronic diseases, and the high demand for minimally invasive procedures.A rise in the demand for minimally invasive procedures for the treatment of chronic diseases is also among the primary factors driving the market growth. Cryosurgery is a minimally invasive procedure. It has various advantages over conventional surgeries, including lesser pain, rapid wound healing, minimal surgical wounds, shorter hospital stays, and lower risk of complications.
Cardio Clinic at Asklepios St. Georg, one of the top heart centers in Germany, claims to perform around 300 cardiac cryoablation procedures every year.In fitness, beauty, and wellness treatments, there is a high demand for cryotherapy. Due to the high incidence of sports injuries, several sports clubs and sports teams are using cryo chambers for quicker recovery of injuries. For instance, the German rowing team, Wales Rugby Team, and the Chinese Olympic team have their own cryo chambers. All these factors are anticipated to boost market growth over the coming years. The COVID-19 pandemic adversely affected the market. Amid the pandemic, owing to stringent government regulations and lockdown to control the pandemic, a slowdown in the demand for cryotherapy was observed in the initial phase of the pandemic.
However, the market regained its pace by the end of 2020 in most countries.Companies are adopting strategies, such as new product development and partnerships. For instance, in August 2020, Cryoport, Inc. acquired CRYOPDP in an all-cash transaction of approximately USD 56.0 million. CRYOPDP-a French pioneer company-provides temperature-controlled logistics solutions for cell & gene therapy and clinical research communities. In October 2021, CARE Innovative Solutions announced the launch of the Slynarski Knee Clinic. It is the first clinic in Poland to provide computer-controlled cryotherapy solutions for knee-associated treatments.
Cryotherapy Market Report Highlights:
- The cryosurgery segment held the largest revenue share in 2021 due to a rise in demand for surgical procedures
- Cryochamber is expected to grow at a significant CAGR over the forecast period, due to its high adoption by beauty clinics & fitness centers
- Cold storage held the largest revenue share in 2021due to the high demand for pharmaceutical cold chain logistics
- In addition, various applications of cold storage in healthcare, such as bone marrow transplantation, in vitro fertilization, and cord blood banking, are another factor contributing to its largest share
- North America is projected to be the dominant region due to high disposable income, well-established healthcare infrastructure, and high per capita healthcare expenditure
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.1.1 Estimates and forecast timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased database:
- 1.3.2 GVR's internal database
- 1.3.3 Secondary sources
- 1.3.4 Primary research
- 1.3.5 Details of primary research
- 1.4 Information or Data Analysis
- 1.4.1 Data analysis models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis
- 1.6.1.1 Approach: Commodity Flow Approach
- 1.7 Research Assumptions
- 1.8 List of Secondary Sources
- 1.9 List of Abbreviations
- 1.10 Objectives
- 1.10.1 Objective 1
- 1.10.2 Objective 2
- 1.10.3 Objective 3
- 1.10.4 Objective 4
Chapter 2 Executive Summary
Chapter 3 Cryotherapy Market Variables, Trends, and Scope
- 3.1 Penetration and Growth Prospect Mapping
- 3.2 Market Dynamics
- 3.2.1 Market Driver analysis
- 3.2.1.1 Rising prevalence of cancer and other chronic diseases
- 3.2.1.2 Increasing adoption of minimally invasive procedures
- 3.2.1.3 Growing Geriatric Population
- 3.2.2 Market restraint analysis
- 3.2.2.1 Adverse effects associated with cryotherapy
- 3.2.2.2 Limitations of cryotherapy
- 3.3 Industry Analysis - Porter's
- 3.4 PESTEL Analysis
- 3.5 Trend Analysis
- 3.6 Supply Demand Analysis
- 3.7 Regulatory Framework
Chapter 4 Cryotherapy Market: Segment Analysis, by Therapy Type, 2018 - 2028 (USD Million)
- 4.1 Cryotherapy Market: Therapy Type Movement Analysis
- 4.2 Cryosurgery
- 4.2.1 Cryosurgery Market, 2018 - 2030 (USD Million)
- 4.3 Icepack Therapy
- 4.3.1 Icepack Therapy Market, 2018 - 2030 (USD Million)
- 4.4 Chamber Therapy
- 4.4.1 Chamber Therapy Market, 2018 - 2030 (USD Million)
Chapter 5 Cryotherapy Market: Segment Analysis, by Device Type, 2018 - 2030 (USD Million)
- 5.1 Cryotherapy Market: Device Type Movement Analysis
- 5.2 Cryogun
- 5.2.1 Cryogun Market, 2018 - 2030 (USD Million)
- 5.3 Cryoprobes
- 5.3.1 Cryoprobes Market, 2018 - 2030 (USD Million)
- 5.4 Gas Cylinders
- 5.4.1 Gas Cylinders Market, 2018 - 2030 (USD Million)
- 5.5 Localized Cryotherapy Devices
- 5.5.1 Localized Cryotherapy Devices Market, 2018 - 2030 (USD Million)
- 5.6 Cryochambers and Cryosaunas
- 5.6.1 Cryochambers & Cryosaunas Market, 2018 - 2030 (USD Million)
- 5.7 Others
- 5.7.1 Others Market, 2018 - 2030 (USD Million)
Chapter 6 Cryotherapy Market: Segment Analysis, by Application, 2018 - 2030 (USD Million)
- 6.1 Cryotherapy Market: Application Movement Analysis
- 6.2 Surgical Applications
- 6.2.1 Oncology Market, 2018 - 2030 (USD Million)
- 6.2.2 Cardiology Market, 2018 - 2030 (USD Million)
- 6.2.3 Dermatology Market, 2018 - 2030 (USD Million)
- 6.2.4 Ophthalmology Market, 2018 - 2030 (USD Million)
- 6.2.5 Gynecology Market, 2018 - 2030 (USD Million)
- 6.3 Pain Management
- 6.3.1 Pain Management Market, 2018 - 2030 (USD Million)
- 6.4 Beauty and Wellness
- 6.4.1 Beauty and Wellness Market, 2018 - 2030 (USD Million)
- 6.5 Fitness
- 6.5.1 Fitness Market, 2018 - 2030 (USD Million)
- 6.6 Cold Storage
- 6.6.1 Cold Storage Market, 2018 - 2030 (USD Million)
- 6.7 Others
- 6.7.1 Others Market, 2018 - 2030 (USD Million)
Chapter 7 Cryotherapy Market: Segment Analysis, by End Use, 2018 - 2030 (USD Million)
- 7.1 Cryotherapy Market: End-Use Movement Analysis
- 7.2 Hospitals and Specialty Clinics
- 7.2.1 Hospitals and Specialty Clinics Market, 2018 - 2030 (USD Million)
- 7.3 Cryotherapy Centers
- 7.3.1 Cryotherapy Centers Market, 2018 - 2030 (USD Million)
- 7.4 Spas and Fitness Centers
- 7.4.1 Spas and Fitness Centers Market, 2018 - 2030 (USD Million)
- 7.5 Others
- 7.5.1 Others Market, 2018 - 2030 (USD Million)
Chapter 8 Cryotherapy Market: Segment Analysis, By Region, 2018 - 2030 (USD Million)
- 8.1 Regional Movement Analysis, 2021 & 2030
- 8.2 Regional Market Snapshot
- 8.3 Market Size, & Forecasts, Revenue and Trend Analysis, 2021 to 2030
- 8.3.1 North America
- 8.3.1.1 North America market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.1.2 U.S.
- 8.3.1.2.1 U.S. Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.1.3 Canada
- 8.3.1.3.1 Canada Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2 Europe
- 8.3.2.1 Europe Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.2 France
- 8.3.2.2.1 France Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.3 The Netherlands
- 8.3.2.3.1 The Netherlands Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.4 Denmark
- 8.3.2.4.1 Denmark Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.5 Poland
- 8.3.2.5.1 Poland Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.6 Italy
- 8.3.2.6.1 Italy Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.7 Austria
- 8.3.2.7.1 Austria Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.8 Germany
- 8.3.2.8.1 Germany Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.9 Switzerland
- 8.3.2.9.1 Switzerland Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.10 Spain
- 8.3.2.10.1 Spain Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.11 Finland
- 8.3.2.11.1 Finland Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.2.12 Slovakia
- 8.3.2.12.1 Slovakia Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.3 Asia Pacific
- 8.3.3.1 Asia Pacific Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.3.2 Japan
- 8.3.3.2.1 Japan Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.3.3 China
- 8.3.3.3.1 China Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.3.4 India
- 8.3.3.4.1 India Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.3.5 Pakistan
- 8.3.3.5.1 Pakistan Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.3.6 Thailand
- 8.3.3.6.1 Thailand Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4 Latin America
- 8.3.4.1 Latin America Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.2 Brazil
- 8.3.4.2.1 Brazil Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.3 Mexico
- 8.3.4.3.1 Mexico Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.4 Argentina
- 8.3.4.4.1 Argentina Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4 MEA
- 8.3.4.1 MEA Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.2 UAE
- 8.3.4.2.1 UAE Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.3 Turkey
- 8.3.4.3.1 Turkey Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.4 Egypt
- 8.3.4.4.1 Egypt Cryotherapy market, 2018 - 2030 (USD Million)
- 8.3.4.5 Saudi Arabia
- 8.3.4.5.1 Saudi Arabia Cryotherapy market, 2018 - 2030 (USD Million)
Chapter 9 Cryotherapy Market: Competitive Analysis
- 9.1 Company Categorization
- 9.1.1 Market Leader
- 9.1.2 Key innovators
- 9.1.3 Emerging players
- 9.2 Synergy Analysis: Major Deals and Strategic Alliances
- 9.2.1.1 New Product Launches
- 9.2.1.2 Mergers and Acquisitions
- 9.2.1.3 Collaborations and Partnerships
- 9.3 Vendor Landscape
- 9.3.1 Key Company market share analysis, 2021
- 9.3.2 List of Potential End Users
- 9.4 Private Companies
- 9.4.1 List of Key Emerging Companies/Technology Disruptors/Innovators
- 9.4.2 Regional Network Map
- 9.5 Company Profiles
- 9.5.1 Brymill Cryogenic Systems
- 9.5.1.1 Company Overview
- 9.5.1.2 Product Benchmarking
- 9.5.2 Metrum Cryoflex
- 9.5.2.1 Company Overview
- 9.5.2.2 Product Benchmarking
- 9.5.2.3 Strategic Initiatives
- 9.5.3 Medtronic
- 9.5.3.1 Company Overview
- 9.5.3.2 Financial Performance
- 9.5.3.3 Product Benchmarking
- 9.5.3.4 Strategic Initiatives
- 9.5.4 Cortex Technology
- 9.5.4.1 Company Overview
- 9.5.4.2 Product Benchmarking
- 9.5.5 Mectronic Medicale S.r.l.
- 9.5.5.1 Company Overview
- 9.5.5.2 Product Benchmarking
- 9.5.6 ERBE Elektromedizin GmbH
- 9.5.6.1 Company Overview
- 9.5.6.2 Product benchmarking
- 9.5.6.3 Strategic Initiatives
- 9.5.7 Special Medical Technology Co., Ltd.
- 9.5.7.1 Company Overview
- 9.5.7.2 Product Benchmarking
- 9.5.7.3 Strategic Initiatives
- 9.5.8 Boston Scientific Corporation
- 9.5.8.1 Company Overview
- 9.5.8.2 Product Benchmarking
- 9.5.8.3 Strategic Initiatives
- 9.5.9 Physiomed Elektromedizin AG
- 9.5.9.1 Company Overview
- 9.5.9.2 Product Benchmarking
- 9.5.9.3 Strategic Initiatives
- 9.5.10 Zimmer MedizinSysteme GmbH
- 9.5.10.1 Company Overview
- 9.5.10.2 Product Benchmarking
- 9.5.11 Kaya Skin Clinic
- 9.5.11.1 Company Overview
- 9.5.11.2 Financial Performance
- 9.5.11.3 Product Benchmarking
- 9.5.11.4 Strategic Initiatives
- 9.5.12 Silkor
- 9.5.12.1 Company Overview
- 9.5.12.2 Product Benchmarking
- 9.5.12.3 Strategic Initiatives
- 9.5.13 Novique Medical Aesthetics
- 9.5.13.1 Company Overview
- 9.5.13.2 Product Benchmarking
- 9.5.14 LondonCryo Limited
- 9.5.14.1 Company Overview
- 9.5.14.2 Product Benchmarking
- 9.5.15 Cryo
- 9.5.15.1 Company Overview
- 9.5.15.2 Product Benchmarking
- 9.5.15.3 Strategic Initiatives