Global Cryotherapy Units Market To Record Protruding Growth With US$ 1,380.2 Million By 2028

December 2022 | Report Format: Electronic (PDF)

With the development of new cancer treatment technologies, it is projected that the market for cryotherapy equipment would expand. Due to the availability of other less expensive and quicker forms of treatment, which is limiting market growth, a sizable portion of poor and underdeveloped countries have yet to accept this therapy as a form of treatment. Additionally, the non-invasive nature of cryotherapy, which offers a limited and targeted approach to cancer treatment, is anticipated to positively impact the market's expansion throughout the course of the projected period. Cryotherapy equipment is increasingly being used in medical procedures. By reducing inflammation, cryotherapy can help to lessen pain throughout the body. It is frequently used to treat chronic pain, including arthritis or fibromyalgia-related discomfort. Cryotherapy is a treatment option for wounds that take a long time to heal, like diabetic ulcers or venous leg ulcers. It can aid in the growth of new blood vessels and tissue healing in certain regions. By freezing off cancer cells, it has also been successfully used to treat some types of skin cancer.

However, the market for Cryotherapy Units is expected to be somewhat hampered by a few factors. Since it is a relatively new technology, cryotherapy has primarily acquired popularity in affluent nations. Due to the availability of other, more affordable, and expedient forms of treatment, a significant portion of developing and underdeveloped nations have yet to accept this therapy as a technique of treatment. This is anticipated to become a significant issue restricting market expansion.

North America holds the biggest share of the Cryotherapy Units Industry, while Asia-Pacific is anticipated to develop at the quickest rate in during predicted period. The main drivers of the enormous market include the advanced healthcare facilities present in the area, and this trend is projected to continue during the forecast period. North America's infrastructure, particularly in the United States, is extensively developed. This broadens the region's potential for developing numerous medical technology and gadgets. However, due to growing public awareness of the cancer treatment options available in the region, the market in Asia Pacific is predicted to experience the highest growth rate. In addition, rising cancer occurrences are thought to be another important element driving the market's rapid expansion.

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Cryotherapy Units Market Report Highlights

• In May 2019, Cryo Innovations received US’ first government grant for whole body cryotherapy for the U.S. military personnel. The company aims to provide cryotherapy solution for the U.S. military, government and veterans.
• In May 2019, Impact Cryotherapy received grant U.S. Patent & Trademark Office, a patent that offers protection for its innovative cryotherapy chambers and cooling technology.

CRYOTHERAPY UNITS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Cryotherapy Units Type Outlook (Revenue, USD Million, 2017 - 2028)

• Whole Body Cryo
• Local Cryo

Cryotherapy Units End Use Outlook (Revenue, USD Million, 2017 - 2028)

• Medical Treatment
• Sport
• Beauty and Wellness

Cryotherapy Units Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

List of Key Players- Cryotherapy Units Market

• Zimmer MedizinSysteme GmbH
• inomedMedizintechnik GmbH
• YUKA
• R&D Krion LLC
• MetrumCryoflex Sp. z o. o.
• Sp. K.
• EasytechSrl
• Impact Cryotherapy
• Grand Cryo LLC
• Mecotec GmbH
• Cryonic Medical
• Titan Cryo
• Cryotech Nordic

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