New York, NY -- (SBWIRE) -- 11/14/2018 -- The global cryotherapy market is anticipated to reach USD 5,860.6 Million by 2025 from USD 2,873.2 Million in 2017, at a CAGR of 9.33%

Cryotherapy can be termed as a use of low temperature in the medical therapy. It is used for treating various malignant and malignant tissues damage that can be termed as lesions. Cryotherapy is widely used for treating muscle pain, sprains, swelling, soft tissue damage, and postoperative swelling. Cryotherapy is primarily used in surgical treatment specifically cryosurgery and cryoablation. Cryotherapy is considered to be one the most effective treatment of cancer.

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Cryotherapy market is primarily driven by its increasing number of minimally invasive cryosurgery owning to advantages like less pain, fewer scar, and relative complications. In addition, the rising prevalence of various chronic diseases like cancer, cardiological disorders would also influence the market growth. Similarly, increased awareness for the use of cryotherapy for treating conditions like arthritis, rheumatoid conditions also supports the growth of this market during the forecast period. However, the stringent government policies, and relative side effects of cryogenic gases to impede the growth of cryotherapy market during the forecast period.

Geographically, the global cryotherapy market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of geography, North America dominates the entire cryotherapy market. The growth in the market is majorly driven by the increasing healthcare expenditure by the local governments, and developed healthcare infrastructure in the U.S. and Canada.

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The Asia Pacific is anticipated to make dominating growth in the forecast period owing to increasing awareness for the use of cryotherapy, unmet market needs, and developing healthcare infrastructure would also support the market growth in Asia Pacific during the foreseeable future. Additionally, reduced cost of this treatment, fewer side effects, and increasing accessibility of treatment in this region would also spur the cryotherapy market during the forecast period

Competitive Landscape and Key Vendors

The global cryotherapy market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The major players in the cryotherapy market include are CryoConcepts LP, Medtronic plc., Brymill Cryogenic Systems, Cortex Technologies, CooperSurgical, Inc., Cortex Technologies, Galil, Medical, Inc., Mectronic Medicale, S.r.l., Wallach Surgical Device, and Zimmer MedizinSystems.

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Key Segmentation

By Device Type

- Cryoguns
- Cryo Probes
- Gas Cylinders
- Cryo Chambers
- Gas Pressure Gauges
- Thermocouple Devices

By Therapy Type

- Cryosurgery
- Icepack Therapy
- Chamber Therapy

By Application Type

- Oncology
- Cardiology
- Dermatology
- Pain Management,
- Ophthalmology
- Gynecology

By Geography

- North America
o U.S.
o Canada

- Europe
o UK
o Germany
o France
o Italy
o Spain

- Asia-Pacific

o China
o Japan
o India
o Australia

- Latin America
o Brazil
o Mexico
o Rest of Latin America

- Middle East & Africa
o South Africa
o Rest of Middle East & Africa