Cryotherapy Market: Exploring Opportunities through Market Share and Growth ProjectionsPosted by Kumar on May 17th, 2023 According to a report by TechSci Research titled "Cryotherapy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028G," Cryotherapy, a treatment used to address various medical conditions such as pain, malignant and benign tumors, tissue destruction or infections, and sports injuries, is at the forefront of this expansion. Cryotherapy employs localized freezing temperatures to eliminate irritated nerves, abnormal skin cells, and specific areas of tumors like prostate and skin cancer (known as cryosurgery). This pain control treatment involves the insertion of a probe into the affected tissue to induce freezing, thereby downregulating the nerve and alleviating painful irritation. Cryotherapy proves to be an effective and reasonably safe method for treating localized nerve irritation. However, challenges hindering market growth include the use of hazardous freezing gases in certain cryotherapies and a lack of awareness regarding the benefits of cryotherapy. Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Cryotherapy Market" - https://www.techsciresearch.com/report/cryotherapy-market/14581.html Moreover, the high initial infrastructure development cost may impede the growth of the global cryotherapy market in the forecast period. The market is segmented based on therapy type, device type, application, end user, and region. In terms of therapy type, Cryosurgery, Icepack Therapy, and Chamber Therapy have been introduced to the global market. Cryosurgery, being in high demand for surgical operations worldwide, led the market in 2022, accounting for over 55.00% of overall revenue. Compared to traditional procedures, this approach offers fewer side effects and allows for faster recovery. Chamber therapy, on the other hand, is anticipated to be the fastest-growing segment due to its increasing utilization in various industries such as beauty, wellness, fitness, and more, gaining popularity among athletes and sportspeople. Regarding device type, Cryochamber is projected to experience the highest growth rate during the forecast period. This can be attributed to the rising number of cryotherapy centers and the widespread acceptance of cryochambers by beauty clinics and fitness centers. Cryochambers and Cryosaunas offer benefits such as pain reduction, muscle recovery, weight loss, inflammation reduction, dementia prevention, and improvement in eczema symptoms, as mentioned in an NCBI research article. However, some reports dispute these treatment claims, with the Cochrane Review stating that four published trials showed no significant advantages of cryotherapy in treating muscle pain. In terms of application, the fitness category is expected to grow at a rapid rate of over 11.5% from 2022 to 2030. This growth is driven by increasing awareness about the benefits of cryotherapy in fitness and the integration of Cryo chambers in fitness clubs. Cryotherapy promotes natural healing and provides quick pain relief, making it effective in alleviating Delayed Onset Muscle Soreness (DOMS) experienced after intense workouts. The fitness industry's adoption of cryotherapy is further supported by its advantages, leading to cold storage having the highest proportion in 2022. The global market encompasses various end users, including hospitals and specialist clinics, cryotherapy centers, spas and fitness centers, and others. Over the forecast period, the hospitals and specialty clinics segment is expected to grow the fastest. Technological advancements in cryotherapy for treating specific diseases and disorders drive the demand for cryosurgery and related products in hospitals and specialty clinics. Notably, several major hospitals and clinics have started offering cryotherapy-based treatments. For instance, CARE Innovative Options recently opened the Slynarski Knee Clinic in October 2022, which provides computer-controlled cryotherapy solutions for knee-related treatments. Major companies operating in global cryotherapy market are:
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“Global Cryotherapy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Therapy Type (Cryosurgery, Icepack Therapy, Chamber Therapy ), By Device Type (Cryo Probes, Cryoguns, Localized Cryotherapy Devices, Cryochambers & Cryosaunas, Others), By Application ( Surgical Applications, Pain Management, Beauty & Wellness, Others), By End User(Hospitals & Specialty Clinics, Cryotherapy Centers, Spas & Fitness Centers, Others), By Region and Competition”, has evaluated the future growth potential of global cryotherapy market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global cryotherapy market. Download Free Sample Report- https://www.techsciresearch.com/sample-report.aspx?cid=14581 Like it? Share it! More by this author |