At 9% CAGR, Global Cryotherapy Market to Surpass US$ 452.0 Million by 2028, Says Coherent Market Insights (CMI)
SEATTLE, Dec. 07, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights’ analysis, the global cryotherapy market is estimated to be valued at US$ 246.8 million in 2021, exhibiting a CAGR of 9.0% during the forecast period (2021-2028).
Key Trends and Analysis of the Global Cryotherapy Market:
Major market players are focusing on inorganic activities such as partnerships, which is expected to boost the market growth during the forecast period. For instance, in April 2021, Zimmer MedizinSysteme GmbH, a physical therapy provider company and MECOTEC GmbH a market player in electric chambers, entered into a partnership for the development and distribution of the next generation cryo chambers for applications such as sports, performance management, wellness, and beauty.
Request Sample copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/133
Key Market Takeaways:
The global cryotherapy market is expected to exhibit a CAGR of 9.0% during the forecast period, owing to increasing product approvals for key operating companies in cryotherapy. For instance, in July 2020, Channel Medsystems, a leading provider of innovative women's healthcare, announced that the U.S. Food and Drug Administration (FDA) approved the novel Cerene Cryotherapy Device. It is a next-generation equipment used to treat the heavy menstrual bleeding. This device delivers cryotherapy to the uterine lining using proprietary, hand-held technology, freezing the tissue, and decreasing future menstrual flow.
Among product type, cryosurgery devices segment is expected to witness the largest market share in the global cryotherapy market over the forecast period, owing to increasing product launch by major market players. For instance, in January 2021, Pregna International Ltd., a leading women's healthcare organization, launched device CryoPop. It is a Carbon Dioxide (CO2) based novel cryotherapy device used for the treatment of cervical cancer. CryoPop provides a more portable, cost-effective, and robust alternative for women even in low-resource areas.
Among application, cancer segment is expected to account for largest market share in the global cryotherapy market over the forecast period, owing to increasing incidence of various cancer such as skin, prostate, and cervical cancer. For instance, in February 2021, according to a Cancer Journal for Clinicians, an estimated 19.3 million new cancer incidence and around 10.0 million cancer deaths occurred in 2020. Female breast cancer accounted for about 2.3 million new cases with considerably higher death rates.
Among end user, hospitals & specialty clinics segment is expected to account for the largest market share in the global cryotherapy market over the forecast period, owing to a huge customer base, increase in healthcare expenditure, and rise in disease incidence such as Alzheimer’s disease, atopic dermatitis, and acute injuries.
On the basis of region, North America is expected to hold dominant position with the largest market share in the global cryotherapy market over the forecast period, owing to increasing mergers and acquisitions between key market players. For instance, in September 2020, TheraLight, a leading provider of light therapy and manufacturer of full body LED technology, announced agreement with iCRYO franchise systems, the leading cryotherapy franchise in the U.S. This agreement provided new opportunities for market players in North America to capitalize on both light therapy and iCRYO franchise system.
Purchase this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/133
Competitive Landscape:
Key players operating in the global cryotherapy market include Zimmer MedizinSystems, Boston Scientific Corporation, Mectronic Medicale S.r.l., Impact Cryotherapy, CryoAction Limited, Cortex Technology, CooperSurgical Inc., Brymill Cryogenic Systems, Stryker, Cryoalfa, CryoConcepts LP, Medtronic PLC., Metrum Cryoflex, and CryoBuilt, Inc.
Market Segmentation:
Global Cryotherapy Market, By Product Type:
Cryosurgery Devices
Cryo Probes
Cryoablation Devices
Localized Cryotherapy Devices
Cryochambers & Cryosaunas
Global Cryotherapy Market, By Application:
Cancer
Cardiovascular Diseases
Dermatologic Disorders
Pain Management
Others
Global Cryotherapy Market, By End User:
Hospitals and Specialty Clinics
Cryotherapy Clinics
Spas & Fitness Centers
Global Cryotherapy Market, By Region:
North America
By Country
U.S.
Canada
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Country/Region
South Africa
Central Africa
North Africa
Related Market Intelligence Reports:
Cervical Cancer Diagnostic Tests Market, By Test Type (Pap Smear Test, Colposcopy Test, ECC Test, and HPV Test), By Age Group (Age 20 – 40 and Age above 40), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Histology and Cytology Market, by Product Type (Instruments and Analysis Software System and Consumable and Reagents), by Examination Type (Histology and Cytology {Breast Cancer, Cervical Cancer, and Others (Others include Oral Cancer, Leukemia, Infectious Diseases, and Inflammatory Diseases)}), by Test Type (Microscopy Tests (Cytogenic Tests and Polymerase Chain Reaction), Molecular Genetics Tests, and Flow Cytomtery), by End User (Hospitals and Clinics, Academic and Research Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com