Cryotherapy Market Growth Accelerated by Rising Demand for Painless Surgeries and Recovery


 Cryotherapy is a minimally invasive treatment method that uses extreme cold to temporarily disable or destroy tissues or cells. It is widely used in various therapeutic applications such as pain management, recovery from injuries, reducing inflammation and slowing down blood flow. It helps in reducing the need for pharmaceuticals by providing non-drug options for pain relief. With increasing awareness about its benefits of fast recovery, less pain and minimal side effects, demand for cryotherapy products and services has significantly grown in various treatment areas like dermatology, sports medicine, physical therapy and dentistry. The global Cryotherapy Market is estimated to be valued at US$ 294.8 Mn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

One of the major trends driving the growth of cryotherapy market is rising demand for minimally invasive surgeries and quick recovery offered by cryotherapy procedures. In cryosurgery, cryoprobes are used to freeze and destroy abnormal or diseased tissues without significantly affecting surrounding normal tissues. It is gaining importance in various medical applications as an alternative to traditional invasive surgical methods due to benefits like reduced scarring, lesser pain, and faster recovery time. For instance, cryosurgery is often preferred over surgery as a first-line treatment option for skin lesions and cancers. Cryotherapy is also finding increasing usage in rehabilitation and sports medicine for pain management and injury recovery of athletes and active individuals. With growing sports culture and health awareness, demand for cryotherapy services from physiotherapy and pain clinics has been on the rise.

Segment Analysis
The cryotherapy market is segmented based on product type and application. Based on product type, the cryotherapy market is segmented into cryosurgery devices, localized cryotherapy devices, and cryochambers & cryosaunas. The cryosurgery devices segment is expected to dominate the market during the forecast period. This is mainly because cryosurgery devices are widely used for skin lesions, basal cell carcinoma, and actinic keratosis. These devices are preferred more as these are more effective than other treatment options such as laser therapy.

Based on application, the cryotherapy market is segmented into surgical applications, pain management, treatment of dermatological disorders, and other applications. The pain management segment dominated the market in 2023 and is expected to continue its dominance during the forecast period. This is because the pain management application of cryotherapy for treating various conditions like rheumatoid arthritis, fibromyalgia is advantageous due to its non-invasive nature and minimum side effects associated with the procedure.

Key Takeaways

The global cryotherapy market is expected to witness high growth.

Regional Analysis: North America dominated the cryotherapy market in 2023 and is expected to maintain its dominance during the forecast period. The region's large share can be attributed to factors such as favourable reimbursement policies, rising prevalence of cancer, and presence of key players in the region. Asia Pacific is projected to witness the highest growth during the forecast period owing to the growing awareness regarding cryotherapy, rising healthcare expenditure, and improving healthcare infrastructure in emerging countries.

Key players operating in the cryotherapy market are Zimmer MedizinSysteme GmbH, Boston Scientific Corporation, Mectronic Medicale S.r.l., Impact Cryotherapy, C A Manufacturing Sp zoo, Cortex Technology, CooperSurgical Inc., Brymill Cryogenic Systems, Stryker, Cryoswiss GmbH, CryoConcepts LP., Medtronic, METRUM CRYOFLEX Sp. z o.o., CryoBuilt, Inc., Advanced Monitors Corporation, STERIS, DJO, LLC, and Pregna International Limited. Most of the major players are focusing on new product launches, agreements, partnerships and expansions to gain a competitive advantage in the market. For instance, in 2021, Stryker acquired Wright Medical, a lower extremity and biologics company to strengthen its position in the orthopedic market.

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