(MENAFN- EIN Presswire)
BROOKLYN, NEW YORK, UNITED STATE, July 1, 2024 /EINPresswire / -- The latest report by IMARC Group, titled" Cryotherapy market Report by Product (Cryosurgery Devices, Localized Cryotherapy Devices, Cryochambers and Cryosaunas), Application (Surgical Applications, Pain Management, Recovery, health and Beauty), End User (Hospitals and Specialty Clinics, Cryotherapy Centres, Spas and fitness Centres), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the market. The global cryotherapy market size reached US$ 329.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 539.8 Million by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
Factors Affecting the Growth of the Cryotherapy Industry:
.Increasing Health and Wellness Trends
The growth of the cryotherapy industry is significantly driven by the rising health and wellness trends globally. As more people seek alternative and complementary therapies for pain management, injury recovery, and overall well-being, cryotherapy has gained popularity due to its reported benefits in reducing inflammation, enhancing recovery, and improving mental health. The wellness industry's expansion, coupled with the growing awareness of cryotherapy's potential benefits, has led to an increase in the number of cryotherapy centers and clinics. Furthermore, endorsements by athletes and celebrities have helped raise public interest and trust in cryotherapy, thereby boosting its adoption and market growth.
.Technological Advancements and Innovations
Technological advancements and innovations have played a crucial role in the growth of the cryotherapy industry. Developments in cryogenic equipment and techniques have made cryotherapy more accessible, efficient, and safe. Innovations such as whole-body cryotherapy chambers, localized cryotherapy devices, and advanced temperature control systems have enhanced the effectiveness and appeal of cryotherapy treatments. These advancements have also led to improved user experiences and reduced risks, encouraging more individuals and healthcare providers to incorporate cryotherapy into their treatment regimens. Continuous research and development in cryotherapy technology are expected to further propel the industry's growth by introducing new and improved treatment options.
.Growing Acceptance in Medical and Therapeutic Fields
The increasing acceptance of cryotherapy in medical and therapeutic fields is another key factor driving the industry's growth. As more clinical studies and research validate the benefits of cryotherapy for various medical conditions such as arthritis, chronic pain, and skin disorders, healthcare professionals are more likely to recommend and utilize cryotherapy as part of treatment plans. Insurance coverage and regulatory approvals for cryotherapy treatments have also made it more accessible to a broader patient base. The integration of cryotherapy into rehabilitation programs, sports medicine, and dermatology highlights its expanding role in mainstream medical practices, thereby fueling the demand and growth of the cryotherapy market.
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Leading Companies Operating in the Global Cryotherapy Market
.Boston Scientific Corporation
.Brymill Cryogenic Systems
.CooperSurgical Inc.
.Cortex Technology
.CryoConcepts LP
.Erbe Elektromedizin GmbH
.Kriosystem-Care Sp. z o.o.
.Medtronic plc
.METRUM CRYOFLEX Sp. z o.o. Sp. k.
.Pacira BioSciences Inc.
.US Cryotherapy
.Zimmer MedizinSysteme GmbH
Cryotherapy Market Report Segmentation:
By Product:
.Cryosurgery Devices
oTissue Contact Probes
oTissue Spray Probes
oEpidermal and Subcutaneous Cryoablation Devices
.Localized Cryotherapy Devices
.Cryochambers and Cryosaunas
Cryochambers and cryosaunas dominate the market as they are known for whole-body treatments, which are in high demand for their effectiveness in pain relief, athletic recovery, and overall wellness.
By Application:
.Surgical Applications
oOncology
oCardiology
oDermatology
oOthers
.Pain Management
.Recovery, Health and Beauty
Pain management accounts for the largest market share due to its rapid and effective pain relief benefits, making it a primary application in the market.
By End User:
.Hospitals and Specialty Clinics
.Cryotherapy Centres
.Spas and Fitness Centres
Cryotherapy centers represent the largest segment as specialized cryotherapy centers are the primary providers of cryotherapy services, catering to the growing consumer demand for targeted and professional treatments.
Regional Insights:
.North America (United States, Canada)
.Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
.Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
.Latin America (Brazil, Mexico, Others)
.Middle East and Africa
North America's dominance in the cryotherapy market is attributed to its advanced healthcare infrastructure, high adoption rates of innovative therapies, and substantial consumer awareness and interest in cryotherapy.
Global Cryotherapy Market Trends:
The global cryotherapy market is experiencing notable trends driven by technological advancements, increasing adoption in sports medicine, and rising consumer interest in health and wellness. Innovations in cryogenic equipment, such as whole-body cryotherapy chambers and localized cryotherapy devices, have enhanced treatment efficiency and safety. The growing popularity of cryotherapy among athletes for recovery and performance enhancement has significantly boosted market demand. Additionally, the expanding applications of cryotherapy in dermatology, pain management, and rehabilitation are further propelling market growth. Increased awareness of cryotherapy's benefits and endorsements by celebrities and fitness influencers are contributing to its widespread acceptance and integration into wellness and medical practices globally.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
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