Cryotherapy Units Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028
Report Description
The global Cryotherapy Units market size was valued at USD 388.3 million in 2021, expanding at a CAGR 6.3% from 2022-2028 to reach 1,380.2 Million USD in 2028.
Market Dynamics
Cryotherapy for the entire body includes exposing it to extremely low temperatures for a brief amount of time. This therapy lasts for two to three minutes and has temperatures between -110 and -190 °C. It can be applied to a variety of illnesses, including multiple sclerosis, rheumatoid arthritis, and chronic pain. Additionally, it helps people lose weight and enhances their physical performance.
Cryotherapy Units market is expected to witness substantial growth over the forecast period. With the development of new cancer treatment technologies, it is projected that the market for cryotherapy equipment would grow significantly. 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.
It is anticipated that over the coming years, clinical research will place a greater emphasis on uncovering biological systems at the fundamental molecular level, which will fuel demand in the Cryotherapy Units industry.
Regional Insights
North America is estimated to dominate the global market. 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.
Segment Dynamics
The Cryotherapy Units market is fragmented into the product type, and end-user segments. Based on the product type, the whole body cryo segment is anticipated to dominate the market. By end-user, the medical device segment is expected to hold the majority of the market share.
Competitive Insights
The Cryotherapy Units market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For instance, 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.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Cryotherapy Units by type, region, and end user. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- 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
Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Whole Body Cryo
- Local Cryo
End User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Medical Treatment
- Sport
- Beauty and Wellness
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- 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.)
Table Of Content
TABLE OF CONTENT
1. Cryotherapy Unit Market Overview
1.1. Product Overview and Scope of Cryotherapy Unit
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Cryotherapy Unit Market Size Growth Rate Analysis by Product, 2021 VS 2028
1.3.1. Whole Body Cryo
1.3.2. Local Cryo
1.4. Global Cryotherapy Unit Consumption Comparison by End Use: 2021 VS 2028
1.4.1. Medical Treatment
1.4.2. Sport
1.4.3. Beauty & Wellness
1.5. Global Cryotherapy Unit Market Size Estimates and Forecasts by Region: 2021 VS 2028
1.5.1. North America Cryotherapy Unit Estimates
1.5.2. Europe Cryotherapy Unit Estimates
1.5.3. China Cryotherapy Unit Estimates
1.5.4. Japan Cryotherapy Unit Estimates
2. Market Competition by Manufacturers
2.1. Global Cryotherapy Unit Revenue Market Share by Manufacturers (2020)
2.2. Cryotherapy Unit Market Share by Company Product (Tier 1, Tier 2 and Tier 3)
2.3. Global Cryotherapy Unit Average Price by Manufacturers (2017-2021)
2.4. Manufacturers Cryotherapy Unit Production Sites, Area Served, Product Types
2.5. Cryotherapy Unit Market Competitive Situation and Trends
2.5.1. Cryotherapy Unit Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Cryotherapy Unit Consumption by Region (2017-2021)
3.1. Global Cryotherapy Unit Consumption by Region
3.2. Global Cryotherapy Unit Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Cryotherapy Unit Consumption Growth Rate (2017-2021)
3.2.3. North America Cryotherapy Unit Consumption, Price and Gross Margin (2017-2021)
3.2.4. North America Cryotherapy Unit Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Cryotherapy Unit Consumption Growth Rate (2017-2021)
3.2.7. Europe Cryotherapy Unit Consumption, Price and Gross Margin (2017-2021)
3.2.8. Europe Cryotherapy Unit Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Cryotherapy Unit Consumption Growth Rate (2017-2021)
3.2.11. Asia Pacific Cryotherapy Unit Consumption, Price and Gross Margin (2017-2021)
3.2.12. Asia Pacific Cryotherapy Unit Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Cryotherapy Unit Consumption Growth Rate (2017-2021)
3.2.15. South America Cryotherapy Unit Consumption, Price and Gross Margin (2017-2021)
3.2.16. South America Cryotherapy Unit Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Cryotherapy Unit Consumption Growth Rate (2017-2021)
3.2.19. Middle East and Africa Cryotherapy Unit Consumption, Price and Gross Margin (2017-2021)
3.2.20. Middle East and Africa Cryotherapy Unit Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Cryotherapy Unit Consumption by Product (2017-2021)
4.1. Global Cryotherapy Unit Price by Product (2017-2021)
4.2. Global Cryotherapy Unit Revenue Market Share by Product (2017-2021)
4.2.1. Whole Body Cryo
4.2.2. Local Cryo
5. Global Cryotherapy Unit Consumption by End Use (2017-2021)
5.1. Global Cryotherapy Unit Price by End Use (2017-2021)
5.2. Global Cryotherapy Unit Revenue Market Share by End Use (2017-2021)
5.2.1. Medical Treatment
5.2.2. Sport
5.2.3. Beauty & Wellness
6. Key Companies Profiled
6.1. Zimmer MedizinSysteme GmbH
6.1.1. Zimmer MedizinSysteme GmbH Cryotherapy Unit Corporation Information
6.1.2. Zimmer MedizinSysteme GmbH Cryotherapy Unit Product Portfolio
6.1.3. Zimmer MedizinSysteme GmbH Cryotherapy Unit Consumption, Price and Gross Margin (2017-2021)
6.1.4. Zimmer MedizinSysteme GmbH Main Business and Markets Served
6.1.5. Zimmer MedizinSysteme GmbH Recent Developments/Updates
6.2. YUKA
6.3. R&D Krion LLC
6.4. MetrumCryoflex Sp. z o. o.
6.5. Sp. K.
6.6. EasytechSrl
6.7. Impact Cryotherapy
6.8. Grand Cryo LLC
6.9. Mecotec GmbH
6.10. Cryonic Medical
6.11. Titan Cryo
6.12. Cryotech Nordic
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Cryotherapy Unit Distributors List
7.3. Cryotherapy Unit Customers
8. Market Dynamics
8.1. Cryotherapy Unit Industry Trends
8.2. Cryotherapy Unit Growth Drivers
8.3. Cryotherapy Unit Market Challenges
8.4. Cryotherapy Unit Market Restraints
9. Global Cryotherapy Unit Consumption and Demand Forecast, by Region (2022-2028)
9.1. Global Forecasted Demand Analysis of Cryotherapy Unit, by Regions and Country
9.1.1. North America Forecasted Consumption of Cryotherapy Unit by Country
9.1.2. Europe Market Forecasted Consumption of Cryotherapy Unit by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Cryotherapy Unit by Region
9.1.4. Latin America Forecasted Consumption of Cryotherapy Unit by Country
9.1.5. Middle East and Africa Forecasted Consumption of Cryotherapy Unit by Country
10. Global Cryotherapy Unit Consumption and Demand Forecast, by Product Segments (2022-2028)
10.1. Global Forecasted Consumption of Cryotherapy Unit by Product Segments (2022-2028)
10.2. Global Consumption and Price Forecast by Product Segments (2022-2028)
10.3. Global Forecasted Growth Rate of Cryotherapy Unit by Product Segments (2022-2028)
11. Global Cryotherapy Unit Consumption and Demand Forecast, by End Use Segments (2022-2028)
11.1. Global Forecasted Consumption of Cryotherapy Unit by End Use Segments (2022-2028)
11.2. Global Consumption and Price Forecast by End Use Segments (2022-2028)
11.3. Global Forecasted Growth Rate of Cryotherapy Unit by End Use Segments (2022-2028)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Product
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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