Global Cryotherapy Market at high CAGR of 9.4 % by 2026 with Top Key Players

Global cryotherapy market By Type (Whole Body Cryotherapy, Partial Body Cryotherapy, Internal Cryotherapy, Others), Products (Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers and others), Applications (Cancer, Pain Management, Dermatology, Others), End Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others)

Market Analysis: Global Cryotherapy Market

Global cryotherapy market is rising gradually with a substantial CAGR of 9.4% in the forecast period of 2019-2026. The rising incidence of cancer and sport injuries, rising demand of minimal invasive therapies and technology advancement in cryotherapy equipment are major drivers of the market growth.

Competitive Analysis:

Global cryotherapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cryotherapy market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Segmentation: Global Cryotherapy Market

By Type

• Whole Body Cryotherapy
• Partial Body Cryotherapy
• Internal Cryotherapy
• Others

By Products

• Cryosurgery Devices
• Localized Cryotherapy Devices
• Cryochambers
• Others

By Application

• Cancer
• Pain Management
• Dermatology
• Others

By End Users

• Hospitals
• Homecare
• Specialty Clinics
• Others

By Distribution Channels

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy
• Others

Market Definition: Global Cryotherapy Market

Cryotherapy is also called cold therapy. It is a technique of exposure of targeted regions of body to an extremely cold environment. This therapy can be applied on targeted spots and whole body also. Cryotherapy is majorly used in treatment of some cancers such as prostate cancer and pain treatment. Additionally, cryotherapy is also used in treatment of abnormal skin cells.

As per the retrospective data, approximately 87% of dermatologists practice cryotherapy. In treatment of basal cell carcinoma, the application of cryotherapy reduces the rate of recurrence up to 7.5% for approximately 5 years. The application of cryotherapy is wide and useful according to the treatment module required.

Market Drivers

• Rising incidence of cancers and sports injuries acts as a market driver
• Increasing demand of minimally invasive procedures also acts as a factor boosting the growth of this market in the forecast period
• Prevailing technological advancements in cryotherapy equipment is another factor uplifting the market growth
• Increasing popularity in the beauty, wellness, and fitness is spurring the growth of this market

Market Restraints

• Stringent regulations regarding product approval acts as a restricting factor for this market growth
• Usage of hazardous cryogenic gases used in several cryotherapies will also impede the market growth
• Lack of awareness about the benefits of cryotherapy hinders the market growth

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