Cryotherapy and Cryosurgery Market Is Expected to Reach USD 4.29 Billion by 2023
Cryotherapy and Cryosurgery Market information, by Type (Ice Pack Therapy, Instant Ice Pack Therapy, Whole Body Cryotherapy, Partial Body Cryotherapy, Internal Cryotherapy and others), by Device Type (Cryogun, Cryo Chambers, Gas Cylinders, Cryo Probes, Cryosaunas, Thermocouple Devices, and others), by Application (Dermatology, Oncology, pain management, Trigeminal neuralgia, cardiology and others) - Global Forecast to 2023
Pune, Maharashtra -- (SBWire) -- 05/02/2017 --Market Research Future has a half cooked research report on global cryotherapy and cryosurgery market which is growing continuously at a CAGR of 6.9% since 2015 and is expected to continue the same growth rate till 2023. Thus, growth period of this market is from 2015 to 2023.
Test the market data and market information presented through more than 80 market data tables and figures spread over 82 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on "Cryotherapy and Cryosurgery Market Research Report - Global Forecast to 2023."
The global cryotherapy and cryosurgery market has been evaluated to be growing moderately and it is expected to grow similarly in the future as well. Cryotherapy uses extremely cold temperature for healing to reduce pain. Application of cold lowers the flow of this fluid into tissues which consequently slows down the release of chemicals that cause inflammation and pain. Cryosurgery is a part of cryotherapy which uses extremely cold temperature to cure diseases, skin tumors and some cancers along with removing dead tissues in early stage of skin cancer, liver cancer, prostate cancer and retinoblastoma under controlled conditions. Cryotherapy helps in reducing pain, makes the healing process fast, reduces swelling and muscle spasms, increase blood circulation etc. According to the World Health Organization (WHO), 14 million new cancer cases were diagnosed worldwide in 2012. Growing numbers of cancer patients and increasing heart diseases are driving the growth of the cryotherapy and cryosurgery treatment market. Cryotherapy is widely used in the global sports industry to cure injuries and for pain management. Medical devices manufacturers are investing money in R&D to develop innovative products for the market. Increasing healthcare facilities and technological advancement are driving the growth of the cryotherapy and cryosurgery market. However, some factors are prohibiting the growth of this market such as side effects of the treatment, high price of surgery, high price of medical devices etc.
Global cryotherapy and cryosurgery market was about US$ 2.65 billion in 2015 and is expected to reach US$ 4.29 billion by 2023 by continuously growing at the CAGR of 6.9%.
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Key Players of Cryotherapy and Cryosurgery Market:
-Impact Cryotherapy (US)
-Galil Medical Inc. (US)
-KryoLife Inc (US)
-Medtronic (Republic of Ireland)
-GRAND Cryo LLC (Russia)
-Incorporated, Wallach Surgical Devices (US)
-MedGyn Products, Inc. (US)
Cryotherapy and cryosurgery market has been segmented on the basis of types of therapies which comprise Ice pack therapy, instant ice pack therapy, whole body cryotherapy, partial body cryotherapy, internal cryotherapy and others. On the basis of types of devices it is segmented into cryogun, cryo chambers, gas cylinders, cryo probes, cryosaunas thermocouple devices and others. On the basis of application it is segmented into dermatology, oncology, pain management, trigeminal neuralgia, cardiology and others.
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.4 Mega Trends
4.5 Macroeconomic Indicators
Considering the global scenario of this market, North American region is believed to be the largest market for cryotherapy and cryosurgery. Moreover the European market is also growing and is the second largest market for cryotherapy and cryosurgery. On the other hand, Asia-Pacific market of cryotherapy and cryosurgery is expected to grow at a tremendously fast rate in future. Rest of the world is likely to have a limited but steady growth with respect to this market.
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-Hospitals and clinics
-Cryotherapy and cryosurgery devices manufacturers and suppliers
-Government and independent regulatory authorities
-Research and Development (R&D) companies
-Market research and consulting service providers
-Medical research laboratories
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