by 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.
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 Coverage | Details |
| Market Size in 2023 | USD 9.02 Billion |
| Market Size by 2032 | USD 17.18 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 7.42% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Therapy Type, By Device Type, By Application, By End-User, and By Distribution Channel |
| Regions Covered | North 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.
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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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