cryotherapy market size reached USD 214.9 Million in 2020 and is expected to register a revenue CAGR of 8.5%, during the forecast period, according to latest analysis by Emergen Research. Rapid technological advancements in cryotherapy devices and increasing use of cryotherapy to treat skin problems are some key factors driving global cryotherapy market revenue growth. Increasing usage of cryotherapy for treating mood disorders are also expected to boost revenue growth of the market to a significant extent. Whole-body cryotherapy entails use of ultra-cold temperatures that can cause physiological hormonal responses, and causes release of adrenaline, noradrenaline, and endorphins. This has the potential to benefit those suffering from mood disorders such as anxiety as well as depression. According to studies, whole-body cryotherapy proved beneficial in short-term treatments for both.

However, cryotherapy is not widely available in developing and underdeveloped countries, which is expected to hamper growth of the global cryotherapy market to some extent over the forecast period. Cryotherapy is not widely available in some developing and any underdeveloped countries. In addition, lack of awareness regarding cryotherapy and concerns regarding side effects of cryotherapy are factors projected to restrain revenue growth of the market between 2021 and 2028.

The all-encompassing report on the Cryotherapy market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.

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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Cryotherapy through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.

Top Companies Operating in the Cryotherapy Market and 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 study aims to provide a forecast of the growth of the Cryotherapy market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis.  The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

Key Highlights From the Report

Cryochambers and cryosaunas segment revenue is expected to expand at significantly steady CAGR during the forecast period. Growing demand for cryochambers in sports training centers, spas, and beauty parlors is expected to drive revenue growth of the segment.

Pain management segment is expected to register significantly steady revenue growth rate over the forecast period because of rising prevalence of joint and muscular pain among members of the elderly population as well as launch of advanced cryotherapy solutions for pain management.

North America market is expected to register considerably faster revenue CAGR than other regional markets owing to rapid development of healthcare infrastructure and increasing prevalence of skin cancer in countries in the region.

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The report on the Cryotherapy market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Cryotherapy market for the forecast period from 2021 to 2028.

Emergen Research has segmented the global cryotherapy market on the basis of product, therapy, application, end-use, and region:

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

Application Outlook (Revenue, USD Million; 2018–2028)

Pain Management

Surgical

Cardiology

Oncology

Dermatology

Health & Beauty

End-Use Outlook (Revenue, USD Million; 2018–2028)

Hospitals & Clinics

Spas & Fitness Centers

Cryotherapy Centers

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The research provides answers to the following key questions:

What will be the growth rate of the Cryotherapy market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?

What are challenges and threats faced by the prominent vendors operating in the Cryotherapy market?

Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?

What are the past, present and emerging trends likely to influence the growth rate of the Cryotherapy market for the forecast period, 2021 to 2028?

What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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