Research Nester released a report titled “Cryotherapy Units Market: Global Demand Analysis & Opportunity Outlook 2027″which delivers detailed overview of the global cryotherapy units market in terms of market segmentation by therapy, by area of application, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
A cryotherapy unit is a medical device using for cryotherapy for targeting either partial of whole body for the treatment of certain disorders as well as for pain management. The market for cryotherapy units is anticipated to grow with a CAGR of 10.1% during the forecast period, i.e., 2019-2027. The market is segmented by therapy, by area of application, by application and by region. On the basis of therapy, the market is segmented into liquid nitrogen therapy, dry ice therapy and electric therapy, out of which, the liquid nitrogen therapy segment is estimated to hold the largest share in the cryotherapy units market. Liquid nitrogen therapy can be applied to the affected area easily and provides maximum efficiency on the back of which this segment is predicted to grow.
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Geographically, the market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest share in cryotherapy units market as a result of growing technological advancements in the healthcare industry in the region which give rise to improved healthcare facilities. The market in Asia Pacific region is predicted to grow at the highest rate over the forecast period on account of rising awareness among people about the availability of various cancer treatment methods.
Higher Prevalence Of Cancer To Raise The Demand For Cryotherapy
According to the World Health Organization, it was reported that in 2018, around 18.1 million new cases of cancer were detected and 9.6 million deaths due to cancer were estimated.
The growing cases of cancer is anticipated to become a major growth factor for the cryotherapy units market. Introduction of cryotherapy as an advanced form of cancer treatment method further drives the market growth. However, the lower adoption rates of this therapy, especially by people living in developing and under-developed regions is predicted to limit the market growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global cryotherapy units market which includes company profiling of JUKA, Impact Cryotherapy, MECOTEC GmbH, Zimmer MedizinSysteme GmbH, Cryomed, METRUM CRYOFLEX, Kriosystem – Care Sp. z o.o., TITAN CRYO, US Cryotherapy and CRYO.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cryotherapy units market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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