Cryotherapy Market to be Dominated by Chamber Therapy through 2028
Increasing cases of cervical and skin cancer and
development of new cryotherapy devices drive Global Cryotherapy market in the
forecast period 2024-2028.
According to TechSci Research report, “Cryotherapy
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028G”, the global cryotherapy market is anticipated to grow at a significant
rate in the forecast period 2024-2028. Cryotherapy
is commonly used to treat several medical ailments, including pain, malignant
and benign tumors, tissue destruction or infections, and sports injuries.
Cryotherapy is a pain control treatment that uses localized freezing
temperatures to kill an irritated nerve, aberrant skin cells, or specific areas
of various tumors like prostate cancer and skin cancer (called cryosurgery).
Cryotherapy involves inserting a probe into the tissue, close to the affected
nerve, to freeze it. The freezing downregulates the nerve, hence relieving
painful nerve irritation. Cryotherapy is an efficient and reasonably safe
method of treating localized nerve irritation. However, the use of hazardous
freezing gases in certain cryotherapies, as well as a lack of information about
the benefits of cryotherapy, are challenges impeding the market expansion.
However,
the high initial infrastructure development cost may restrain the global cryotherapy
market growth in the forecast period.
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The
global cryotherapy market is segmented into by therapy type, by device type, by
application, by end user and by region.
Based on Therapy Type, Cryosurgery, Icepack
Therapy, and Chamber Therapy have been added to the global market. In 2022, the
cryosurgery category led the global market, accounting for more than 55.00% of
overall revenue. This is due to an increase in demand for surgical operations
around the world. In comparison to traditional procedures, this approach has
fewer side effects and hence allows for a speedier recovery. Because of the
increased use of cryotherapy in many industries such as beauty and wellness,
fitness, and others, chamber therapy is predicted to be the fastest-growing
segment. Chamber therapy is becoming increasingly popular among athletes and
sportspeople.
Based on device type, Cryochamber
is predicted to grow at the highest rate
during the forecast period, owing to an increase in the number of
cryotherapy centers and its widespread acceptance by beauty clinics and
fitness centers. Cryo-chambers can be found in athletic training facilities,
spas, and beauty salons. Cryochambers and Cryosaunas have benefits such as
pain reduction and muscle mending, weight loss, reduced inflammation, dementia
prevention, and improvements in eczema symptoms, according to the NCBI research
article. Some reports, however, dispute treatment claims. According to the
Cochrane Review, four published trials showed no considerable advantages of
cryotherapy in the treatment of muscle pain.
Based on application,
because of increasing awareness about the benefits of cryotherapy in fitness,
as well as an increase in the implementation of Cryo chambers in fitness clubs,
the fitness application category is expected to develop at the quickest rate of
more than 11.5%, from 2022 to 2030. This is due to its capacity to promote
natural healing in the body and provide quick pain relief. DOMS is
characterized broadly as muscular discomfort, tightness, and soreness
noticed, following a vigorous workout regimen. DOMS could be relieved more
quickly with cryotherapy. All the above characteristics encourage the usage of
cryotherapy in fitness facilities, And thus, in 2022, cold storage held the
highest proportion.
Based on end user, hospitals and
specialist clinics, cryotherapy centers, spas and fitness centers, and others,
are all part of the global market. Over the forecast period, the hospitals
& specialty clinics segment is predicted to grow the fastest. Cryotherapy
technology advancements for the treatment of certain diseases and disorders
enhance demand for cryosurgery and related goods in hospitals and
specialty clinics. Several major hospitals and clinics began to offer
cryotherapy-based treatment. For example, CARE Innovative Options announced the
opening of the Slynarski Knee Clinic in October 2022, which offers
computer-controlled cryotherapy solutions for knee-related treatments.
Major companies operating in global cryotherapy
market are:
- Medtronic Plc.
- CooperSurgical, Inc.
- Brymill Cryogenic Systems
- CryoConcepts LP
- Galil Medical Inc.
- Zimmer MedizinSysteme GmbH
- METRUM CRYOFLEX Sp. z o.o.
- Cortex Technology ApS
- R&D Krion LLC
- Easytech s.r.l.
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“The North America region dominates the market and is expected to maintain its
dominance in the coming years due to several ongoing projects to launch new
cryotherapy devices. North America is one of the largest in the world and are
expected to drive the demand for Global Cryotherapy Market. People are looking for new therapy that provide
immediate cure at a fair cost. India, China, Japan, and Europe are investing
significant amounts in the development of new cryotherapy devices, for the detection
of cervical and skin cancer and are actively promoting eco-friendly innovations
in their countries. Rising incidences of skin cancer and the high awareness on
the benefits of cryotherapy in the realms of beauty and wellness are
anticipated to foster the overall market progression over the coming years. In
addition, increasing development of novel therapies and increasing funding in
the research and development are expected to propel the global cryotherapy market
growth till 2028”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global
Cryotherapy Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F Segmented By Therapy Type (Cryosurgery, Icepack Therapy, Chamber Therapy ), By Device Type (Cryo
Probes, Cryoguns, Localized Cryotherapy Devices, Cryochambers & Cryosaunas,
Others), By Application ( Surgical Applications, Pain Management, Beauty &
Wellness, Others),
By End User(Hospitals & Specialty Clinics, Cryotherapy Centers, Spas &
Fitness Centers, Others), By Region and Competition”, has evaluated the future growth potential of global cryotherapy
market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global cryotherapy market.
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