Global Cryotherapy Market Analysis
According to Verified Market Research, the global Cryotherapy market was valued at USD 160.38 Million in 2017 and is projected to reach USD 312.06 Million by 2025, growing at a CAGR of 8.7% from 2018 to 2025.
What is Cryotherapy?
Cryotherapy, also known as cryosurgery, is a technique used in order to destroy of both benign and malignant lesions tissues with the help of freezing and re-thawing process. The most commonly used freezing source for cryotherapy is liquid nitrogen. Cryotherapy is used in medical treatment of various types of skin lesions, treatment of some prostate cancers and treatment of dysplastic (precancerous) tissue of the uterine cervix. It is restricted certain body parts such as skin overlying nerves, the corners of the eyes, the fold of skin between the nose and lip, the skin surrounding the nostrils, and the border between the lips and the rest of the face.
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Global Cryotherapy Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Rising preference for minimally invasive procedures, rise in cases of cancer and cardiovascular disorders, growth in technological developments and rise in demand of beauty and self-care products have been driving the global cryotherapy market. On the other hand, harms associated with cryogenic gases might act as a restraint for the overall market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Cryotherapy Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Cryotherapy Market Competitive Landscape
The “Global Cryotherapy Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as CryoConcepts LP, Brymill Cryogenic Systems, Metrum Cryoflex, Medtronic, CooperSurgical, Inc., Cortex Technology, Mectronic Medicale S.r.l., Cryoalfa, Erbe Elektromedizin GmbH, Special Medical Technology Co., Ltd., Galil Medical, Inc., Physiomed Elektromedizin AG, Wallach Surgical Devices, Sanarus, and Zimmer MedizinSystems. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Cryotherapy Market Segmentation, by End User
• Hospitals & Specialty Clinics
• Cryotherapy Centers
• Spas & Fitness Centers
Global Cryotherapy Market Segmentation, by Product
• Cryosurgery Devices
o Tissue Spray Probes
o Tissue Contact Probes
o Epidermal and Subcutaneous Cryoablation Devices
• Cryochambers & Cryosaunas
• Localized Cryotherapy Devices
Global Cryotherapy Market Segmentation, by Application
• Surgical Applications
• Pain Management
• Recovery, Health, and Beauty
Global Cryotherapy Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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