The latest and updated research report on the Global Cryotherapy Market covers a comprehensive overview of the Cryotherapy market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Cryotherapy market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions.
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Players Profiled in the Report are:
Medtronic plc, CryoConcepts LP, Cortex Technology ApS, CooperSurgical, Inc., Mectronic Medicale S.r.l., Kriosystem-Care Sp. z o.o., Metrum Cryoflex Sp. z o.o., Erbe USA, Incorporated, Brymill Cryogenic Systems, and Zimmer MedizinSysteme GmbH
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Some Key Highlights From the Report
- The pain management segment is expected to register a significantly steady revenue growth rate over the forecast period. This is due to rising prevalence of joint and muscular pain among members of elderly population as well as launch of advanced cryotherapy solutions for pain management. Patients of arthritis, tendonitis, runner’s knee, and lower back pain regularly use cryotherapy for pain relieving and slowing down transmission of pain to their brain.
- The cryochambers segment revenue is expected to register a steady CAGR during the forecast period. Rising demand for cryochambers in sports training centers, spas, and beauty parlors is expected to drive revenue growth of this segment. Recently, companies have collaborated with gyms and fitness centers to install cryochambers for providing relief from post-exercise pain and reduce athletic injuries.
- The hospitals segment is expected to register a moderate CAGR during the forecast period. Increasing preferences of cancer patients and various dermatological conditions to get treated in hospitals due to availability of equipment as well as healthcare providers, nurses, and ambulatory services is driving revenue growth of this segment. In addition, increasing number of investments in healthcare and rise in healthcare spending are some other factors expected to support revenue growth between 2022 and 2030.
- The North America market is expected to account for a significantly larger revenue share compared to other regional markets owing to rapid development of healthcare infrastructure and increasing prevalence of prostate cancer in countries in the region. Statistics of the American Cancer Society (ACS) estimate that around 268,490 new cases of prostate cancer and 34,500 deaths are expected to occur in the U.S. in 2022. Innovations in cryotherapy equipment as well as increasing number of cryotherapy clinics are some factors expected to contribute to revenue growth of the cryotherapy market in North America during the forecast period.
- Some major companies in the global market report include eRAD, Hologic, Inc., RamSoft, Inc., General Electric Company, Carestream Health, DeepTek, Volpara Health Limited, Qlarity Imaging, Therapixel, and Lunit Inc.
Cryotherapy Market Segmentation:
Product Outlook (Revenue, USD Million; 2018–2028)
- Localized Cryotherapy Devices
- Cryosurgery Devices
- Cryogun
- Tissue Spray Probes
- Tissue Contact Probes
- Epidermal & Subcutaneous Cryoablation Devices
- Cryochambers & Cryosaunas
- Gas Cylinders
- Others
Therapy Outlook (Revenue, USD Million; 2018–2028)
- Icepack Therapy
- Cryosurgery
- Chamber Therapy
The Global Cryotherapy Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Cryotherapy market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
Regional Segmentation:
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
What is New Additions in 2023?
- Market Presence Across Multiple Geographies
- Greater emphasis on data privacy and security
- Online Interactive Peer-to-Peer Collaborative Bespoke Updates Edition
- Detailed industry outlook
- Additional information on company players
- Customized report and analyst support on request
- Recent market developments and it’s futuristic growth opportunities
- Customized regional/country reports as per request
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