Cryotherapy Market Analysis by Therapy Type (Icepack Therapy, Cryosurgery, Chamber Therapy), by Device Type (Cryo Probes, Cryogun, Gas Cylinders), by Application (Cardiology, Oncology, Pain Management, Dermatology), and by Region - Forecast to 2029

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The global cryotherapy market size is estimated to be USD 4,211.5 million in 2021 and is expected to witness a CAGR of 7.49% during the forecast period. Rising prevalence of chronic diseases such as cancer and autoimmune disorders and increasing demand for minimally invasive surgeries are key drivers for global market growth. Moreover, increase in research & development investment and adoption of cryotherapy in dermatology are other factors propelling the market growth. However, burden of high cost associated with this therapy, inadequate knowledge& technical know-how, and lack of skilled professionals are expected to restrain the market growth.

Global Cryotherapy Market Size (USD Million), 2021-2029

Source: Erevna Healthcare

By Therapy Type

Based on therapy type, the market is segmented into icepack therapy, cryosurgery, and chamber therapy. In 2021, the cryosurgery segment attributed for the maximum revenue share due to high acceptance of minimally invasive surgeries, which aid in safeguarding healthy cells. Icepack therapy is expected to witness significant growth owing to the need for alternative and improved treatment techniques for chronic diseases.

By Device Type

Based on device types, the market is categorized into cryoprobes, cryogun, gas cylinders, and others. In 2021, the gas cylinder segment accounted for a significant revenue share due to the adoption in surgeries as well as research activities worldwide. Cryoprobe segment is anticipated to grow at a lucrative CAGR during the forecast period due to increasing awareness for advanced medical treatment with high success ration.

By Application

Based on application, the market is categorized into cardiology, oncology, pain management, dermatology, and others. Oncology segment accounted for the highest revenue in 2021 and is projected to maintain its dominance over the forecast period. The market is driven by a large number of cancer cases and increasing implementation of cryotherapy for cancer treatment. Cardiology and dermatology are also expected to grow at a lucrative CAGR during the forecast period.

Regional Insights

In 2021, North America accounted for the highest revenue share in the world and is expected to maintain its dominance during the forecast period. This can be attributed to the presence of a well-developed healthcare infrastructure, leading market players, and favorable government policies in this region. Asia Pacific is projected to grow at the fastest CAGR over the forecast period owing to the increasing investment in healthcare infrastructure and advanced medical services, rising prevalence of chronic diseases, and growing disposable income in this region.

Competitor Insights

Some of the major companies in the cryotherapy market are Mectronic Medicale S.R.L. (Italy), ERBE Elektromedizin GmbH (Germany), BTG PLC (U.K.), Physiomed Elektromedizin AG (Germany), Bruker Corporation (U.S.), The Cooper Companies, Inc. (U.S.), Brymill Corporation (U.S.), Zimmer MedizinSystems (U.S.), Medtronic plc (Ireland), and Cortex Technology (Denmark). The leading players have adopted strategic collaborations, mergers & acquisitions, and novel product development approaches to capture the maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country-level along with key market trends and dynamics from 2021 to 2029. The cryotherapy market report is categorized into the following segments and subsegments:

Cryotherapy Market, By Therapy Type (Revenue, 2021-2029, USD Million)

  • Icepack Therapy
  • Cryosurgery
  • Chamber Therapy

Cryotherapy Market, By Device Type (Revenue, 2021-2029, USD Million)

  • Cryo Probes
  • Cryogun
  • Gas Cylinders
  • Others

Cryotherapy Market, By Application (Revenue, 2021-2029, USD Million)

  • Cardiology
  • Oncology
  • Pain Management
  • Dermatology
  • Others

Cryotherapy Market, By Region (Revenue, 2021-2029, USD Million)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Cryotherapy Market Report:

Key Parameters Details
Base Year
  • 2021
Forecast Period
  • 2022-2029
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • Value-chain analysis
  • COVID-19 impact analysis
Regional Market Scope
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • 50+ other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Table of Contents: Cryotherapy Market 2021-2029

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Assumptions
    4. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Procurement
        1. Internal Database
        2. Secondary Research
        3. Purchased Database
        4. Primary Research
      3. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
      4. Quality Assessment
  1. Introduction: Cryotherapy
  2. Executive Summary
    1. Global Market Scenario
    2. Segment Market Scenario
    3. Geographic Market Scenario
    4. COVID-19 Impact
    5. Competitive Landscape
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. Value Chain Analysis
    4. SWOT Analysis
    5. Benchmark
  2. COVID-19 Impact Analysis: Cryotherapy Market
    1. COVID-19: Overview
    2. COVID-19 Impact on the Global Market
    3. COVID-19 Impact on the Regional Markets
  3. Market Analysis by Product
    1. Cryochambers & Cryosaunas
      1. Cryochambers & Cryosaunas Market Forecast, 2021-2029 (USD Million)
    2. Localized Cryotherapy Devices
      1. Localized Cryotherapy Devices Market Forecast, 2021-2029 (USD Million)
    3. Cryosurgery Devices
      1. Cryosurgery Devices Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by Application
    1. Pain management
      1. Pain management Market Forecast, 2021-2029 (USD Million)
    2. Recovery, Health & Beauty
      1. Recovery, Health & Beauty Market Forecast, 2021-2029 (USD Million)
    3. Surgical Applications
      1. Surgical Applications Market Forecast, 2021-2029 (USD Million)
  1. Market Analysis by End-use
    1. Spas & Fitness centers
      1. Spas & Fitness centers Market Forecast, 2021-2029 (USD Million)
    2. Hospitals & Specialty clinics
      1. Hospitals & Specialty clinics Market Forecast, 2021-2029 (USD Million)
    3. Cryotherapy Centers
      1. Cryotherapy Market Forecast, 2021-2029 (USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
    2. Regional Market: Comparative Analysis
  2. North America Cryotherapy Market
    1. North America Cryotherapy Market
      1. North America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
      2. S. Cryotherapy Market
        1. S. Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
        2. Canada Cryotherapy Market
          1. Canada Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
  1. Europe Cryotherapy Market
    1. Europe Cryotherapy Market
      1. Europe Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
      2. Germany Cryotherapy Market
        1. Germany Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
        2. UK Cryotherapy Market
          1. UK Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
          2. France Cryotherapy Market
            1. France Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
            2. Spain Cryotherapy Market
              1. Spain Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
              2. Italy Cryotherapy Market
                1. Italy Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                  3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
                2. Rest of Europe Cryotherapy Market
                  1. Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                    3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
  1. Asia Pacific Cryotherapy Market
    1. Asia Pacific Cryotherapy Market
      1. Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
      2. Japan Cryotherapy Market
        1. Japan Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
        2. China Cryotherapy Market
          1. China Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
          2. India Cryotherapy Market
            1. India Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
            2. South Korea Cryotherapy Market
              1. South Korea Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
              2. Australia Cryotherapy Market
                1. Australia Market Size and Forecast, 2021-2029 (USD Million)
                  1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                  2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                  3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
                2. Rest of Asia Pacific Cryotherapy Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
                    1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                    2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                    3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
  1. Latin America Cryotherapy Market
    1. Latin America Cryotherapy Market
      1. Latin America Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
      2. Brazil Cryotherapy Market
        1. Brazil Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
        2. Mexico Cryotherapy Market
          1. Mexico Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
          2. Argentina Cryotherapy Market
            1. Argentina Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
            2. Rest of Latin America Cryotherapy Market
              1. Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
                1. Market Size and Forecast by Product, 2021-2029 (USD Million)
                2. Market Size and Forecast by Application, 2021-2029 (USD Million)
                3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
  1. MEA Cryotherapy Market
    1. MEA Cryotherapy Market
      1. MEA Market Size and Forecast, 2021-2029 (USD Million)
        1. Market Size and Forecast by Product, 2021-2029 (USD Million)
        2. Market Size and Forecast by Application, 2021-2029 (USD Million)
        3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
      2. GCC Cryotherapy Market
        1. GCC Market Size and Forecast, 2021-2029 (USD Million)
          1. Market Size and Forecast by Product, 2021-2029 (USD Million)
          2. Market Size and Forecast by Application, 2021-2029 (USD Million)
          3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
        2. South Africa Cryotherapy Market
          1. South Africa Market Size and Forecast, 2021-2029 (USD Million)
            1. Market Size and Forecast by Product, 2021-2029 (USD Million)
            2. Market Size and Forecast by Application, 2021-2029 (USD Million)
            3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
          2. Rest of MEA Cryotherapy Market
            1. Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
              1. Market Size and Forecast by Product, 2021-2029 (USD Million)
              2. Market Size and Forecast by Application, 2021-2029 (USD Million)
              3. Market Size and Forecast by End-use, 2021-2029 (USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2021 & 2029
    2. Competitive Mapping
    3. Key Players Market Place Analysis
    4. Major Recent Developments
  2. Company Profiles
    1. Medtronic (Ireland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    2. Galil Medical (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    3. CooperSurgical (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    4. Cryotherapy (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    5. Zimmer MedizinSysteme (Germany)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    6. Metrum Cryoflex (Poland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    7. Brymill Cryogenic Systems (UK)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    8. Erbe Elektromedizin (Germany)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    9. CryoConcepts (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    10. US Cryotherapy (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    11. Kriosystem Life (Poland)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    12. Professional Products (US)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Product Benchmarking
      5. Recent Developments

Others Prominent Players

  1. Conclusion & Recommendations

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