The global Cryotherapy Market generated $213 million in 2020, and is estimated to reach $392 million by 2030, witnessing a CAGR of 7.5% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/12295
Rise in prevalence of chronic diseases, surge in number of non-invasive and minimally-invasive procedures, and technological advancements drive the growth of the global cryotherapy market. However, usage of hazardous cryogenic gases and lack of awareness hinder the market growth. On the other hand, focus on expanding cryotherapy applications would create new opportunities in the coming years.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐨𝐧 𝐂𝐫𝐲𝐨𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲?
During the Covid-19 pandemic, governments of various countries put limitations and bans on several medical procedures and elective surgeries. This reduced cryotherapy procedures and demand for cryotherapy equipment.
Moreover, cryotherapy equipment manufacturing companies have been facing issues such as in-person product demonstrations, carrying out production in their facilities at full capacity, and organizing conferences. This leads to reduced sales volumes.
The report offers detailed segmentation of the global cryotherapy market based on product, application, end user, and region.
Based on product, the cryosurgery devices segment held the largest share in 2020, contributing to more than two-fifths of the total share, and is projected to maintain its lead in terms of revenue during the forecast period. Moreover, this segment is estimated to manifest the fastest CAGR of 8.4% from 2021 to 2030. The research also analyzes the segments including localized cryotherapy devices and cryochambers & cryosaunas.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/checkout-final/83f30e159f3ecf63e5dccaf31a54f821
Based on end user, the hospitals and clinics segment accounted for the largest share in 2020, contributing to nearly half of the global cryotherapy market, and is estimated to maintain its leadership status during the forecast period. However, the cryotherapy centers segment is expected to portray the fastest CAGR of 8.4% from 2021 to 2030.
Based on region, North America contributed to the highest share in 2020, holding more than one-third of the total share, and is expected to continue its lead position by 2030. However, Asia-Pacific is projected to witness the fastest CAGR of 9.5% during the forecast period.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/12295
Leading players of the global cryotherapy market analyzed in the research include Impact Cryotherapy, Cooper Companies (Coopersurgical), Brymill Cryogenic Systems, Kriosystem Life, Erbe Elektromedizin GmbH, Metrum Cryoflex, Medtronic Plc, US Cryotherapy, Cryoconcepts LP, and Zimmer Medizinsysteme GmbH.
𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
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