The
latest market report published by Credence Research, Inc. “Cryotherapy
Devices Market By Type (Cryosurgery Devices, Whole Body
Cryotherapy Devices (Cyrochambers), Partial Body Cryotherapy Devices), By
Application (Pain Management, Surgical Applications, Others) - Growth, Future
Prospects & Competitive Analysis, 2018 – 2026,” the global
cryotherapy devices market was valued at US$ 3,126.2 Mn in 2017 and expected to
reach US$ 7,089.2 Mn by 2026, expanding at a CAGR of 9.4% from 2018 to 2026.
Browse
the full report Cryotherapy Devices Market - Growth,
Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/cryotherapy-devices-market
Market
Insights
The
global cryotherapy devices market is anticipated to progress at a healthy CAGR
on account of key factors such as rising demand for minimally invasive surgical
procedures for treatment of conditions like cancer and cardiovascular diseases,
and increasing preference for asthetic and overall wellbeing solutions.
Technological evolution of cryotherapy devices is also a key factor attributed
as a driver of this market. Growing popularity of cosmetic procedures, wellness
and fitness is also a major driver of the global cryotherapy devices market.
The
prevalence of cervical cancer, skin cancer, prostate cancer, and complications
associated with sun damage to the skin is rapidly increasing. Cryosurgery for
treatment of these conditions comes with advantages such as fewer
complications, reduced risk of infection, less blood loss and quicker
recuperation period. This also avoids the need for repeat hospitalization,
therefore reducing the overall treatment cost. This modality is further
considered beneficial for patients who cannot be selected for open and highly
invasive surgeries, therefore particularly for senescent patients. Hence, with
rise in the number of cancer cases worldwide, the market for cryotherapy
devices will correspondingly increase.
Based
on product types, the global cryotherapy devices market is segmented into
cryosurgery devices, whole body cryotherapy devices and partial body
cryotherapy devices. Among these, the revenue share of cryosurgery devices is
the highest. Early introduction of cryosurgery devices in the market and its
proven better outcomes are the key attributes driving the dominance of this
segment. Similarly, among the key considered applications of cryotherapy
devices, the demand for these devices is the highest in surgical applications.
Oncology is the prime surgical area where the cryosurgery devices are being
increasingly used. Additionally, with the growing demand for asthetic and
wellness solutions increasing globally, the demand for cryosurgery chambers
will also correspondingly rise.
Geographically,
North America is the largest market for cryosurgery devices. Greater purchasing
power, better reimbursements and high awareness are the key factors supporting
the dominance of North America market. On the other hand, Asia Pacific market
will progress at the fastest growth rate during the forecast period. Rapidly
proliferating medical tourism industry, increasing prevalence of cancer along
with growing pool of geriatric patients drive the growth of Asia Pacific
market. Some other prime factors driving Asia Pacific market are increasing
awareness and skills in healthcare personnel, and growing disposable incomes
paving way for increased demand for asthetic and wellbeing solutions. The
global cryotherapy devices market is characterized by presence of several
market players making this industry fragmented in nature. Multinational giants
such as CooperSurgical and Medtronic specialize in manufacturing of cryosurgery
devices while having strong foothold in the international markets. Whereas for
products such as whole and partial body cryotherapy devices, the presence of
local and niche players is highly prominent.
Key
Market Movements:
- Consistently
increasing prevalence of chronic conditions associated with heart and
cancer
- Increasing
demand for minimally invasive cryosurgical intervention in geriatric
patients
- Growing
demand for cryosurgery in asthetic procedures, particularly treating skin
lesions and complications associated with sun damage
- Increasing
disposable incomes in emerging markets of Asia Pacific, paving way for
adoption of novel cryotherapy solutions such as cryochambers
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Cryotherapy Devices Market Portraiture
2.2. Global Cryotherapy Devices Market, by Type, 2017 (US$ Mn)
2.3. Global Cryotherapy Devices Market, by Application, 2017 (US$ Mn)
2.4. Global Cryotherapy Devices Market, by Geography, 2017 (US$ Mn)
2.1. Global Cryotherapy Devices Market Portraiture
2.2. Global Cryotherapy Devices Market, by Type, 2017 (US$ Mn)
2.3. Global Cryotherapy Devices Market, by Application, 2017 (US$ Mn)
2.4. Global Cryotherapy Devices Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Cryotherapy Devices Market: Dynamics
and Future Outlook
3.1. Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Cryotherapy Devices Market, by Key Players, 2017
3.1. Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Cryotherapy Devices Market, by Key Players, 2017
Chapter 4. Global Cryotherapy Devices Market, by Type,
2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Cryosurgery Devices
4.2.1. Contact Probes
4.2.2. Spray Probes
4.2.3. Epidermal and Subcutaneous Cryoablation Devices
4.3. Whole Body Cryotherapy Devices (Cyrochambers)
4.4. Partial Body Cryotherapy Devices
4.1. Overview
4.2. Cryosurgery Devices
4.2.1. Contact Probes
4.2.2. Spray Probes
4.2.3. Epidermal and Subcutaneous Cryoablation Devices
4.3. Whole Body Cryotherapy Devices (Cyrochambers)
4.4. Partial Body Cryotherapy Devices
Chapter 5. Global Cryotherapy Devices Market, by
Application, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Pain Management
5.3. Surgical Applications
5.3.1. Dermatology
5.3.2. Oncology
5.3.3. Cardiology
5.3.4. Others
5.4. Others (Beauty, Health and Wellbeing)
5.1. Overview
5.2. Pain Management
5.3. Surgical Applications
5.3.1. Dermatology
5.3.2. Oncology
5.3.3. Cardiology
5.3.4. Others
5.4. Others (Beauty, Health and Wellbeing)
Chapter 6. Global Cryotherapy Devices Market, by
Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.1.1. North America Cryotherapy Devices Market, 2016 - 2026 (US$ Mn)
6.1.2. North America Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.1.3. North America Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.1.4. North America Cryotherapy Devices Market, by Country, 2016 – 2026 (US$ Mn)
6.1.4.1. U.S.
6.1.4.2. Canada
6.2. Europe Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.2.1. Europe Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.2.2. Europe Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.2.3. Europe Cryotherapy Devices Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.2.3.1. U.K.
6.2.3.2. Germany
6.2.3.3. Rest of Europe
6.3. Asia Pacific Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.3.1. Asia Pacific Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.3.2. Asia Pacific Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.3.3. Asia Pacific Cryotherapy Devices Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. China
6.3.3.2. Japan
6.3.3.3. Rest of Asia Pacific
6.4. Latin America Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.4.1. Latin America Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.4.2. Latin America Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.4.3. Latin America Cryotherapy Devices Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. Brazil
6.4.3.2. Mexico
6.4.3.3. Rest of Latin America
6.5. Middle East & Africa Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.5.1. Middle East & Africa Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.5.2. Middle East & Africa Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.5.3. Middle East & Africa Cryotherapy Devices Market, by Region, 2016 – 2026 (US$ Mn)
6.5.3.1. GCC
6.5.3.2. Rest of Middle East & Africa
6.1. Overview
6.1.1. North America Cryotherapy Devices Market, 2016 - 2026 (US$ Mn)
6.1.2. North America Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.1.3. North America Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.1.4. North America Cryotherapy Devices Market, by Country, 2016 – 2026 (US$ Mn)
6.1.4.1. U.S.
6.1.4.2. Canada
6.2. Europe Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.2.1. Europe Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.2.2. Europe Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.2.3. Europe Cryotherapy Devices Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.2.3.1. U.K.
6.2.3.2. Germany
6.2.3.3. Rest of Europe
6.3. Asia Pacific Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.3.1. Asia Pacific Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.3.2. Asia Pacific Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.3.3. Asia Pacific Cryotherapy Devices Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. China
6.3.3.2. Japan
6.3.3.3. Rest of Asia Pacific
6.4. Latin America Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.4.1. Latin America Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.4.2. Latin America Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.4.3. Latin America Cryotherapy Devices Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. Brazil
6.4.3.2. Mexico
6.4.3.3. Rest of Latin America
6.5. Middle East & Africa Cryotherapy Devices Market, 2016 – 2026 (US$ Mn)
6.5.1. Middle East & Africa Cryotherapy Devices Market, by Type, 2016 - 2026 (US$ Mn)
6.5.2. Middle East & Africa Cryotherapy Devices Market, by Application, 2016 - 2026 (US$ Mn)
6.5.3. Middle East & Africa Cryotherapy Devices Market, by Region, 2016 – 2026 (US$ Mn)
6.5.3.1. GCC
6.5.3.2. Rest of Middle East & Africa
Chapter 7. Company Profiles
7.1. Medtronic plc
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. US Cryotherapy
7.3. Impact Cryotherapy
7.4. Cryo Innovations
7.5. Cryoconcepts LP
7.6. CooperSurgical, Inc.
7.7. Zimmer MedizinSysteme GmbH
7.8. METRUM CRYOFLEX Sp. z o.o., Sp. k.
7.9. Erbe Elektromedizin GmbH
7.10. Cryoswiss GmbH
7.11. Brymill Cryogenic Systems
7.12. Galil Medical, Inc.
7.1. Medtronic plc
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. US Cryotherapy
7.3. Impact Cryotherapy
7.4. Cryo Innovations
7.5. Cryoconcepts LP
7.6. CooperSurgical, Inc.
7.7. Zimmer MedizinSysteme GmbH
7.8. METRUM CRYOFLEX Sp. z o.o., Sp. k.
7.9. Erbe Elektromedizin GmbH
7.10. Cryoswiss GmbH
7.11. Brymill Cryogenic Systems
7.12. Galil Medical, Inc.
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