June 17, 2024

Cryotherapy Market Size To Cross USD 17.18 Bn By 2032

The global cryotherapy market size accounted for US$ 8.4 Bn in 2022 and is projected to reach around USD 17.18 Bn by 2032, growing at a CAGR of 7.42% from 2023 to 2032.

Cryotherapy Market Size 2023 To 2032

Key Takeaways:

  • North America captured more than 44% of revenue share in 2022.
  • By therapy type, the cryosurgery segment shows notable growth in the cryotherapy market during the forecast period.
  • By device type, the cryochamber segment is expected to grow at a significant rate during the forecast period.
  • By end-user, the hospitals & specialty clinics segment is expected to share the maximum CAGR during the projection period.
  • By distribution channel, the hospital pharmacy segment dominated the global market.

Report Summary

The global cryotherapy market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the cryotherapy market across the globe.

A comprehensive estimate on the cryotherapy market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of cryotherapy during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Cryotherapy Market Report Scope

Report CoverageDetails
Market Size in 2023USD 9.02 Billion
Market Size by 2032USD 17.18 Billion
Growth Rate from 2023 to 2032CAGR of 7.42%
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Therapy Type, By Device Type, By Application, By End-User, and By Distribution Channel
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized cryotherapy market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Generative AI in Analytics Market Size To Cross USD 8,900.36 Mn By 2032

Market Segments:

Therapy Type:

Based on therapy types, the global market has been segmented into three categories: cryosurgery, icepack therapy, and chamber therapy. This prominence can be attributed to the growing demand for surgical procedures worldwide. Notably, cryosurgery boasts fewer side effects compared to conventional techniques, promoting faster recovery. Furthermore, it serves as an adjunct therapy alongside radiation, chemotherapy, and hormone therapy.

Chamber therapy is projected to witness the highest growth rate due to its increasing application in various fields like beauty & wellness, fitness, and others. Particularly, athletes and sportspersons have embraced chamber therapy, prompting its popularity. Numerous research studies have been conducted on cryotherapy treatments for sports injuries, revealing positive effects on various sports-related outcomes such as muscle pain, damage, soreness, and delayed onset of muscle soreness. Additionally, athletes often experience aches, muscle weakness, and fatigue from prolonged use of specific muscle groups, making chamber therapy an attractive option for them.

This surge is attributed to the increasing awareness of the benefits of cryotherapy in fitness and its growing adoption in fitness clubs through the utilization of cryo chambers. Cryotherapy’s capacity to stimulate natural healing in the body and offer swift pain relief has contributed to its popularity for addressing Delayed Onset of Muscle Soreness (DOMS) following high-intensity workouts. As a result, cryotherapy is becoming increasingly favored in fitness centers.

Playing a critical role in the healthcare industry. Its applications include bone marrow transplantation, in vitro fertilization, and cord blood banking. Notably, pharmaceutical cold chain logistics also heavily relies on cold storage for preserving and transporting vaccines and drugs. For instance, Pfizer’s COVID-19 vaccine necessitates storage at -70 degrees Celsius, highlighting the significance of cold storage in this context.

Application:

The fitness application segment is projected to experience rapid growth at a rate exceeding 12.0% from 2022 to 2030. This surge is attributed to the increasing awareness of the benefits of cryotherapy in fitness and its growing adoption in fitness clubs through the utilization of cryo chambers. Cryotherapy’s capacity to stimulate natural healing in the body and offer swift pain relief has contributed to its popularity for addressing Delayed Onset of Muscle Soreness (DOMS) following high-intensity workouts. As a result, cryotherapy is becoming increasingly favored in fitness centers.

Over the past decade, cryosurgery has emerged as a popular treatment option in various medical fields, such as oncology, cardiology, and dermatology. In oncology, cryotherapy has demonstrated effectiveness in treating different types of cancers, including retinoblastoma, prostate, skin, and cervical cancers. One of its key advantages is the ability to be repeated and used alongside other treatments like chemotherapy, hormone therapy, and radiation, making it a valuable adjunct therapy.

Cryotherapy Market Players

The report includes the profiles of key cryotherapy market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area

  • Brymill Cryogenic Systems
  • Metrum Cryoflex
  • Medtronic Medicale S.r.l.
  • Cryoalfa
  • Wallach Surgical Devices
  • Zimmer M CryoConcepts LP
  • Medtronic
  • Cortex Technology
  • edizinSysteme GmbH
  • CryoConcepts LP
  • Medtronic
  • Cortex Technology

Market Segmentation

By Therapy Type

  • Cryosurgery
  • Icepack Therapy
  • Chamber Therapy

By Device Type

  • Tissue Spray Probes
  • Gas Cylinders
  • Cryogun
  • Cryo Probes
  • Tissue Contact Probes
  • Tissue Spray Probes
  • Gas Cylinders
  • Localized Cryotherapy Devices
  • Cryochambers

By Application

  • Surgical Applications
    • Oncology
    • Cardiology
    • Dermatology
  • Cold Storage
  • Pain Management
  • Beauty & Wellness
  • Fitness

By End-User

  • Hospitals & Specialty Clinics
  • Cryotherapy Centers
  • Spas & Fitness Centers

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Cryotherapy Market 

5.1. COVID-19 Landscape: Cryotherapy Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Cryotherapy Market, By Therapy Type

8.1. Cryotherapy Market, by Therapy Type, 2023-2032

8.1.1. Cryosurgery

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Icepack Therapy

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Chamber Therapy

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Cryotherapy Market, By Device Type

9.1. Cryotherapy Market, by Device Type, 2023-2032

9.1.1. Tissue Spray Probes

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Gas Cylinders

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Cryogun

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Cryo Probes

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Tissue Contact Probes

9.1.5.1. Market Revenue and Forecast (2020-2032)

9.1.6. Tissue Spray Probes

9.1.6.1. Market Revenue and Forecast (2020-2032)

9.1.7. Gas Cylinders

9.1.7.1. Market Revenue and Forecast (2020-2032)

9.1.8. Localized Cryotherapy Devices

9.1.8.1. Market Revenue and Forecast (2020-2032)

9.1.9. Cryochambers

9.1.9.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Cryotherapy Market, By Application 

10.1. Cryotherapy Market, by Application, 2023-2032

10.1.1. Surgical Applications

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Cold Storage

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Pain Management

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. Beauty & Wellness

10.1.4.1. Market Revenue and Forecast (2020-2032)

10.1.5. Fitness

10.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Cryotherapy Market, By End-User

11.1. Cryotherapy Market, by End-User, 2023-2032

11.1.1. Hospitals & Specialty Clinics

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Cryotherapy Centers

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Spas & Fitness Centers

11.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Cryotherapy Market, By Distribution Channel

12.1. Cryotherapy Market, by Distribution Channel, 2023-2032

12.1.1. Hospital Pharmacy

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Retail Pharmacy

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Online Pharmacy

12.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Cryotherapy Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.1.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.1.3. Market Revenue and Forecast, by Application (2020-2032)

13.1.4. Market Revenue and Forecast, by End-User (2020-2032)

13.1.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.1.6.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.1.6.3. Market Revenue and Forecast, by Application (2020-2032)

13.1.6.4. Market Revenue and Forecast, by End-User (2020-2032)

13.1.6.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.1.7.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.1.7.3. Market Revenue and Forecast, by Application (2020-2032)

13.1.7.4. Market Revenue and Forecast, by End-User (2020-2032)

13.1.7.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.2.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.2.3. Market Revenue and Forecast, by Application (2020-2032)

13.2.4. Market Revenue and Forecast, by End-User (2020-2032)

13.2.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.2.6.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.2.6.3. Market Revenue and Forecast, by Application (2020-2032)

13.2.7. Market Revenue and Forecast, by End-User (2020-2032)

13.2.8. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.2.9.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.2.9.3. Market Revenue and Forecast, by Application (2020-2032)

13.2.10. Market Revenue and Forecast, by End-User (2020-2032)

13.2.11. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.2.12.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.2.12.3. Market Revenue and Forecast, by Application (2020-2032)

13.2.12.4. Market Revenue and Forecast, by End-User (2020-2032)

13.2.13. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.2.14.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.2.14.3. Market Revenue and Forecast, by Application (2020-2032)

13.2.14.4. Market Revenue and Forecast, by End-User (2020-2032)

13.2.15. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.3.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.3.3. Market Revenue and Forecast, by Application (2020-2032)

13.3.4. Market Revenue and Forecast, by End-User (2020-2032)

13.3.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.3.6.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.3.6.3. Market Revenue and Forecast, by Application (2020-2032)

13.3.6.4. Market Revenue and Forecast, by End-User (2020-2032)

13.3.7. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.3.8.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.3.8.3. Market Revenue and Forecast, by Application (2020-2032)

13.3.8.4. Market Revenue and Forecast, by End-User (2020-2032)

13.3.9. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.3.10.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.3.10.3. Market Revenue and Forecast, by Application (2020-2032)

13.3.10.4. Market Revenue and Forecast, by End-User (2020-2032)

13.3.10.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.3.11.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.3.11.3. Market Revenue and Forecast, by Application (2020-2032)

13.3.11.4. Market Revenue and Forecast, by End-User (2020-2032)

13.3.11.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.4.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.4.3. Market Revenue and Forecast, by Application (2020-2032)

13.4.4. Market Revenue and Forecast, by End-User (2020-2032)

13.4.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.4.6.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.4.6.3. Market Revenue and Forecast, by Application (2020-2032)

13.4.6.4. Market Revenue and Forecast, by End-User (2020-2032)

13.4.7. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.4.8.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.4.8.3. Market Revenue and Forecast, by Application (2020-2032)

13.4.8.4. Market Revenue and Forecast, by End-User (2020-2032)

13.4.9. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.4.10.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.4.10.3. Market Revenue and Forecast, by Application (2020-2032)

13.4.10.4. Market Revenue and Forecast, by End-User (2020-2032)

13.4.10.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.4.11.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.4.11.3. Market Revenue and Forecast, by Application (2020-2032)

13.4.11.4. Market Revenue and Forecast, by End-User (2020-2032)

13.4.11.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.5.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.5.3. Market Revenue and Forecast, by Application (2020-2032)

13.5.4. Market Revenue and Forecast, by End-User (2020-2032)

13.5.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.5.6.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.5.6.3. Market Revenue and Forecast, by Application (2020-2032)

13.5.6.4. Market Revenue and Forecast, by End-User (2020-2032)

13.5.7. Market Revenue and Forecast, by Distribution Channel (2020-2032)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Therapy Type (2020-2032)

13.5.8.2. Market Revenue and Forecast, by Device Type (2020-2032)

13.5.8.3. Market Revenue and Forecast, by Application (2020-2032)

13.5.8.4. Market Revenue and Forecast, by End-User (2020-2032)

13.5.8.5. Market Revenue and Forecast, by Distribution Channel (2020-2032)

Chapter 14. Company Profiles

14.1. Brymill Cryogenic Systems

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Metrum Cryoflex

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Medtronic Medicale S.r.l.

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Cryoalfa

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Wallach Surgical Devices

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Zimmer M CryoConcepts LP

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Medtronic

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Cortex Technology

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. edizinSysteme GmbH

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. CryoConcepts LP

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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