Global Cryotherapy Market Outlook 2019-2024: Rising Preference Towards Minimally Invasive Techniques Spurs Growth

DUBLIN–(BUSINESS WIRE)–The “Global Cryotherapy Market Outlook 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

Growing prevalence of cancer is one of the major factors for the growth of the global Cryotherapy market.

As per the WHO statistics, cancer accounts for 13% of deaths globally every year, moreover, 70% increase in cancer incidences is anticipated over the next couple of decades and global geriatric population is anticipated to nearly double from 12% to 22% from 2015 to 2022.

Furthermore, increasing technological advancements in the cryotherapy treatment, increasing inclination towards the minimally invasive procedures, rise in applications of cryotherapy treatment such as cardiac conditions, pain management, skin disorders, beauty, wellness, fitness, etc. are likely to propel the growth of global Cryotherapy market.

However, high cost of the treatment, stringent safety guidelines, adverse effects associated with cryogenic gases, lack of complete knowledge regarding cryotherapy, the complexity of the cryotherapy mechanisms are likely to hinder the global Cryotherapy market.

Key Market Trends

Oncology Dominates the Global Cryotherapy Market

Applications segment is segmented into Surgical Applications, Pain Management, Recovery, Health, and Beauty. Surgical Applications segment is further segmented into Oncology, Cardiology, Dermatology, Other Surgical Applications.

Oncology holds the highest market share during the forecast period due to high incidence and prevalence of cancer and also growing awareness regarding various types of cryotherapy approaches are the major factor propelling the growth of Global Cryotherapy Market. Cryosurgery is used to treat several types of cancer, and some precancerous or noncancerous conditions.

In addition to prostate and liver tumors, cryosurgery can be an effective treatment for Retinoblastoma, Early-stage skin cancers (both basal cell and squamous cell carcinomas), Precancerous skin growths known as actinic keratosis, precancerous conditions of the cervix known as cervical intraepithelial neoplasia.

Cryosurgery is also used to treat some types of low-grade cancerous and noncancerous tumors of the bone. It may reduce the risk of joint damage when compared with open surgery, and help lessen the need for amputation. The treatment is also used to treat AIDS-related Kaposi sarcoma when the skin lesions are small and localized.

North America Holds the Largest Market Share

North America is the largest regional market in terms of revenue due to the presence of skilled professionals, increasing adoption of whole body cryotherapy, increasing adoption of cryotherapy for cancers and skin disorders, rising prevalence of cancer and increasing adoption of minimally invasive surgeries.

Furthermore, high healthcare expenditure by the local governments, highly developed healthcare infrastructure in the US and Canada, availability of well-developed cryotherapy products in this region would also influence the market growth during the forecast period. For instance, in May 2018, CryoUSA, a provider of whole body cryotherapy and recovery modalities, launched CRYO Arctic series to its line of cutting-edge recovery products.

Competitive Landscape

Market players in Global Cryotherapy Market are focusing on the expansion of their product portfolios by adopting inorganic growth strategies such as acquisitions, mergers, and partnerships. There is high competition among the players of the Global Cryotherapy Market.

Some of the market players are Medtronic Plc, Impact Cryotherapy Inc., Zimmer Medizinsysteme GmbH, Brymill Cryogenic Systems Ltd, Cryoconcepts LP, Kriosystem Life Sp. z o.o., Galil Medical Inc., Cooper Surgical Inc., Channel Medsystems Inc., and Erbe Elektromedizin GmbH among others.

Recent Market Developments

  • In January 2019, Quantum Cryogenics launched ‘indirect’ cryotherapy chamber
  • In August 2018, Cadillac Casting Pioneers Provide Impact Cryotherapy as Free Employee Benefit

 

Click Here to book now at GoCryo.com and receive a $25 first time special

You’re Invited to GoCryo’s Grand Opening!

August 10th 2019 – GoCryo (Formerly NextGen Cryo) San Diego’s premier cryotherapy company that offers Whole-Body Cryotherapy, Localized Cryotherapy, Cryo Slimming, Cryo Facials, Compression Therapy, Massage Therapy, and a Mobile Cryotherapy Unit will be hosting a grand opening this Saturday, August 10th from 9am-3pm. GoCryo has been operating since August of 2017 and has quickly become the go-to spot for all recovery and pain management needs! Countless athletes, celebrities, and even musicians have come by and gotten their recovery fix from GoCryo since the opening of its facility and we are extending the opportunity to come and try our services out this Saturday at a discounted rate of only $10!

Bring your friends and family and enjoy food, drinks, music, workouts, yoga, and most importantly cryotherapy! Enjoy huge savings on all of our services and packages that will only be going on for that day only! We will be having a raffle with many prizes including: Free cryotherapy sessions, free cryo facials, free massages, goodies from RoadRunner, and more! On top of that we will be hosting a variety of vendors as well such as: UFC Gym Mission Valley, Reebok, Lulu Lemon, Mike’s CBD Company, StudioFX, Cooking 4 Life, and many more!

Learn more about our event and RSVP at:

https://www.facebook.com/events/417598438856337/

Hope to see you all there!