Cryotherapy Market

Cryotherapy Market by Product (Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers), Application (Surgical Applications, Pain Management, Recovery), End User (Hospitals, Cryotherapy Centers), and Region - Global Forecast to 2022

Report Code: BT 5895 Jan, 2018, by marketsandmarkets.com

[120 Pages Report] The global cryotherapy market was valued at USD 165.4 Million in 2016 and is projected to reach USD 274.8 Million by 2022, at a CAGR of 8.8%. The key factors driving the growth of this market are growing incidence of cancer and cardiac conditions; increasing demand for minimally invasive procedures; technological advancements in cryotherapy equipment; and growing popularity in the beauty, wellness, and fitness industries. The growing research on unexplored medical conditions is an opportunity for the market to grow. On the other hand, hazardous effects of cryogenic gases and stringent regulatory approvals could be challenging factors for this market. Base year considered for the report is 2016 and the forecast period include 2017–2022.

Objectives of the Study:

  • To define, describe, and forecast the global cryotherapy market with respect to product, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
  • To forecast the size of the market with respect to four main regions—North America, Europe, Asia Pacific, and the Rest of the World
  • To profile the key players in the global market and comprehensively analyze their core competencies
  • To track and analyze competitive developments such as agreements and partnerships and new product launches, product approvals, and deployments of the leading players in the cryotherapy market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global cryotherapy market and estimate the size of other dependent submarkets. Various secondary sources such as associations like the World Health Organization, Centers for Disease Control and Prevention, World Heart Federation, Society for Cardiovascular Angiography and Interventions, American College of Cardiology, GLOBOCAN, American Heart Association, European Association of Percutaneous Cardiovascular Interventions, Canadian Association of Interventional Cardiology, Asian Pacific Society of Interventional Cardiology, directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

Cryotherapy Market

To know about the assumptions considered for the study, download the pdf brochure

The major players in the cryotherapy market include Medtronic (Ireland), Galil Medical (US), Cooper Surgical (US), Impact Cryotherapy (US), and Zimmer MedizinSysteme (Germany).

Target Audience:

  • Cryotherapy equipment manufacturers and distributors
  • Healthcare institutions (hospitals, medical schools, group practices, individual surgeons, and governing bodies)
  • Medical device vendors/service providers
  • Research institutes
  • Niche companies manufacturing cryoablation/cryotherapy systems
  • Research and consulting firms
  • Venture capitalists

Scope of the Report:

The research report categorizes the global market into the following segments and subsegments:

Cryotherapy Market, by Product

  • Cryosurgery Devices
  • Tissue Contact Probes
  • Tissue Spray Probes
  • Epidermal & Subcutaneous Cryoablation Devices.
  • Localized Cryotherapy Devices
  • Cryochambers & Cryosaunas

Cryotherapy Market, by Application

  • Surgical applications
  • Oncology
  • Cardiology
  • Dermatology
  • Other surgical applications
  • Pain management
  • Recovery, health & beauty

Cryotherapy Market, by End user

  • Hospitals & Specialty Clinics
  • Cryotherapy Centers
  • Spas & Fitness Centers

Cryotherapy Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • EU-3
    • Rest of Europe (RoE)
  • Asia Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the Rest of Europe cryotherapy market Russia, Sweden, Austria, Denmark, and other European countries

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

The global cryotherapy market is projected to reach USD 274.8 Million by 2022 from USD 180.0 Million in 2017, at a CAGR of 8.8% during the forecast period. The growth of this market is majorly driven by factors such as growing incidence of cancer and cardiac conditions; increasing demand for minimally invasive procedures; technological advancements in cryotherapy equipment; and growing popularity in the beauty, wellness, and fitness industries.

In the cryotherapy report, the market is segmented on the basis of product, application, end user, and region. On the basis of product, the global market is segmented into cryosurgery devices, localized cryotherapy devices, and cryochambers & cryosaunas. The cryosurgery devices segment is further divided into tissue contact probes, tissue spray probes, and epidermal & subcutaneous cryoablation devices. The cryosurgery devices segment is expected to register the highest CAGR during the forecast period. The high growth in this segment can be attributed to the increasing preference for minimally invasive procedures and technological advancement in cryosurgery devices.

Based on application, the market is segmented into surgical applications, pain management and recovery, and health & beauty. The surgical applications segment is further categorized into oncology, cardiology, dermatology, and other surgical applications (gynecology, rheumatology, podiatry, and urology). This segment is expected to account for the largest share and register the highest CAGR during the forecast period.

On the basis of end user, the cryotherapy market is segmented into hospitals and specialty clinics, cryotherapy centers, and spas & fitness centers. The hospitals and specialty clinics segment is expected to grow at the highest CAGR during the forecast period as cryotherapy offers simpler procedures which are minimally invasive and can often be performed in outpatient department as well.

The geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American segment is expected to account for the largest share of the market in 2017. The large share of this region can be attributed to the increasing popularity of cryosaunas and rising prevalence of CVDs and cancer in the US, along with the increasing number of cardiac arrest cases in Canada.

Cryotherapy Market

Hazardous effects of cryogenic gases and stringent regulatory approvals could be challenging factors for this market.

Medtronic (Ireland), Galil Medical (US), CooperSurgical (US), Impact Cryotherapy (US), and Zimmer MedizinSysteme (Germany) are the key players in the cryotherapy market. Other players involved in this market are Metrum CryoFlex (Poland), Erbe Elektromedizin (Germany), Brymill Cryogenic Systems (US), CryoConcepts (US), US Cryotherapy (US), Professional Products (US), and Kriosystem Life (Poland).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Methodology Steps
    2.2 Secondary and Primary Research Methodology
           2.2.1 Secondary Research
                    2.2.1.1 Secondary Sources
           2.2.2 Primary Research
                    2.2.2.1 Primary Sources
                    2.2.2.2 Key Insights From Primary Sources
    2.3 Market Size Estimation Methodology
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Research Design
    2.5 Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Cryotherapy Market Overview
    4.2 Geographic Analysis: Global Market, By Surgical Application
    4.3 Cryotherapy Market, By Product, 2017 vs 2022
    4.4 Global Market, By Application, 2017 vs 2022
    4.5 Geographic Snapshot of the Cryotherapy Market

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Minimally Invasive Procedures
                    5.2.1.2 Growing Incidence of Cancer and Cardiac Conditions
                    5.2.1.3 Technological Advancements in Cryotherapy Equipment
                    5.2.1.4 Growing Popularity in the Beauty, Wellness, and Fitness Industries
           5.2.2 Restraint
                    5.2.2.1 Hazardous Effects of Cryogenic Gases
           5.2.3 Opportunity
                    5.2.3.1 Growing Research on Unexplored Medical Conditions
           5.2.4 Challenges
                    5.2.4.1 Limited Availability of Cryotherapy Techniques and Lack of Awareness
                    5.2.4.2 Regulatory Approvals

6 Cryotherapy Market, By Product (Page No. - 37)
    6.1 Introduction
    6.2 Cryosurgery Devices
           6.2.1 Tissue Contact Probes
           6.2.2 Tissue Spray Probes
           6.2.3 Epidermal and Subcutaneous Cryoablation Devices
    6.3 Localized Cryotherapy Devices
    6.4 Cryochambers & Cryosaunas

7 Cryotherapy Market, By Application (Page No. - 45)
    7.1 Introduction
    7.2 Surgical Applications
           7.2.1 Oncology
           7.2.2 Cardiology
           7.2.3 Dermatology
           7.2.4 Other Surgical Applications
    7.3 Pain Management
    7.4 Recovery, Health, and Beauty

8 Cryotherapy Market, By End User (Page No. - 54)
    8.1 Introduction
    8.2 Hospitals & Specialty Clinics
    8.3 Cryotherapy Centers
    8.4 Spas & Fitness Centers

9 Cryotherapy Market, By Region (Page No. - 59)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
    9.3 Europe
           9.3.1 EU-3
           9.3.2 Rest of Europe
    9.4 Asia Pacific
    9.5 Rest of the World (RoW)

10 Competitive Landscape (Page No. - 87)
     10.1 Overview
     10.2 Ranking of Players, 2016
     10.3 Competitive Scenario
             10.3.1 Partnerships and Agreements
             10.3.2 Regulatory and Product Approvals
             10.3.3 Product Launches
             10.3.4 Product Deployments
             10.3.5 Other Strategies

11 Company Profiles (Page No. - 92)
(Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments)*
     11.1 Medtronic
     11.2 Impact Cryotherapy
     11.3 Zimmer Medizinsysteme
     11.4 Metrum Cryoflex
     11.5 Brymill Cryogenic Systems
     11.6 Cryoconcepts LP
     11.7 Kriosystem Life
     11.8 US Cryotherapy
     11.9 Galil Medical (A Subsidiary of BTG PLC)
     11.10 Coopersurgical (A Subsidiary of the Cooper Companies)
     11.11 Professional Products
     11.12 ERBE Elektromedizin

*Details on Marketsandmarkets View, Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 112)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (65 Tables)

Table 1 Technologically Advanced Product Launches in Cryotherapy Equipment
Table 2 Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 3 Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 4 Cryosurgery Devices Market, By Region, 2015–2022 (USD Million)
Table 5 Tissue Contact Probes Market, By Region, 2015–2022 (USD Million)
Table 6 Tissue Spray Probes Market, By Region, 2015–2022 (USD Million)
Table 7 Epidermal and Subcutaneous Cryoablation Devices Market, By Region, 2015–2022 (USD Million)
Table 8 Localized Cryotherapy Devices Market, By Region, 2015–2022 (USD Million)
Table 9 Cryochambers & Cryosaunas Market, By Region, 2015–2022 (USD Million)
Table 10 Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 11 Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 12 Surgical Applications Market, By Region, 2015–2022 (USD Million)
Table 13 Oncology Market, By Region, 2015–2022 (USD Million)
Table 14 Cardiology Market, By Region, 2015–2022 (USD Million)
Table 15 Dermatology Market, By Region, 2015–2022 (USD Million)
Table 16 Other Surgical Applications Market, By Region, 2015–2022 (USD Million)
Table 17 Pain Management Market, By Region, 2015–2022 (USD Million)
Table 18 Recovery, Health, and Beauty Market, By Region, 2015–2022 (USD Million)
Table 19 Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 20 Cryotherapy Market for Hospitals & Specialty Clinics, By Region, 2015–2022 (USD Million)
Table 21 Cryotherapy Market for Cryotherapy Centers, By Region, 2015–2022 (USD Million)
Table 22 Cryotherapy Market for Spas & Fitness Centers, By Region, 2015–2022 (USD Thousand)
Table 23 Cryotherapy Market, By Region, 2015–2022 (USD Million)
Table 24 North America: Cryotherapy Market, By Country, 2015–2022 (USD Million)
Table 25 North America: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 26 North America: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 27 North America: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 28 North America: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 29 North America: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 30 US: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 31 US: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 32 US: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 33 US: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 34 US: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 35 Canada: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 36 Canada: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 37 Canada: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 38 Canada: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 39 Canada: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 40 Europe: Cryotherapy Market, By Country, 2015–2022 (USD Million)
Table 41 Europe: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 42 Europe: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 43 Europe: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 44 Europe: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 45 Europe: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 46 EU-3: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 47 EU-3: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 48 EU-3: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 49 EU-3: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 50 EU-3: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 51 RoE: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 52 RoE: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 53 RoE: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 54 RoE: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 55 RoE: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 56 Asia Pacific: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 57 Asia Pacific: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 58 Asia Pacific: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 59 Asia Pacific: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 60 Asia Pacific: Cryotherapy Market, By End User, 2015–2022 (USD Million)
Table 61 RoW: Cryotherapy Market, By Product, 2015–2022 (USD Million)
Table 62 RoW: Cryosurgery Devices Market, By Type, 2015–2022 (USD Million)
Table 63 RoW: Cryotherapy Market, By Application, 2015–2022 (USD Million)
Table 64 RoW: Surgical Applications Market, By Type, 2015–2022 (USD Million)
Table 65 RoW: Cryotherapy Market, By End User, 2015–2022 (USD Million)


List of Figures (25 Figures)

Figure 1 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 2 Data Triangulation Methodology
Figure 3 Global Cryotherapy Market, By Product (2017–2022)
Figure 4 Cryotherapy Market, By Application, 2017 vs 2022
Figure 5 Cryotherapy Market, By End User, 2017 vs 2022
Figure 6 Geographical Snapshot of the Cryotherapy Market (2017–2022)
Figure 7 Increasing Demand for Minimally Invasive Procedures and Growing Incidence of Cancer and Cardiac Conditions are Factors Driving the Growth of the Market
Figure 8 Oncology Surgical Application Segment to Account for the Largest Market Share in 2017
Figure 9 Cryosurgery Devices Will Continue to Dominate the Cryotherapy Market in 2022
Figure 10 Surgical Applications to Account for the Largest Market Share in 2017
Figure 11 APAC to Register the Highest CAGR in the Forecast Period
Figure 12 Cryotherapy Market: Drivers, Restraints, Opportunities, and Challenges
Figure 13 Cryosurgery Devices to Command the Largest Share of the Global Cryotherapy Products Market in 2017
Figure 14 Tissue Contact Probes to Register the Highest Growth Rate in the Forecast Period
Figure 15 Surgical Applications to Command the Largest Share of the Global Cryotherapy Market in 2017
Figure 16 Oncological Applications to Register the Highest Growth Rate in the Forecast Period
Figure 17 Hospitals & Specialty Clinics Segment to Command the Largest Share of the Global Cryotherapy Market in 2017
Figure 18 North America to Dominate the Cryotherapy Market in 2017
Figure 19 North America: Cryotherapy Market Snapshot
Figure 20 Europe: Cryotherapy Market Snapshot
Figure 21 Asia Pacific: Cryotherapy Market Snapshot
Figure 22 RoW: Cryotherapy Market Snapshot
Figure 23 Medtronic LED the Market in 2016
Figure 24 Key Developments of the Prominent Players in the Cryotherapy Market (December 2014 - November 2017)
Figure 25 Medtronic: Company Snapshot


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Report Code
BT 5895
Published ON
Jan, 2018
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