Cryotherapy Market, Various Trends, Innovation, Drivers, Analysis by 2024

Posted by Yash Chauhan on March 1st, 2019

The global cryotherapy market is growing at significant rate, due to escalating occurrence of cardiovascular diseases and cancer and mounting acceptance of minimally invasive procedure. Different products contributed to the cryotherapy market size. The market has witnessed high demand for devices over the last few years due to mounting acceptance of minimally invasive procedure and technological improvement of devices.

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The mounting need for minimally invasive procedures, escalating occurrence of skin disorders, technological innovation in equipment, and mounting popularity in beauty, fitness and wellness industries are the primary growth drivers for cryotherapy market.

Globally, the manufacturing companies trying to enter the cryotherapy market are required to maintain stringent regulatory standards. This offers an edge to the established players in the industry competition. Moreover, companies are promptly collaborating with athletics organizations, sports clubs, and other corresponding business suppliers to continue their business growth.

North America is the largest cryotherapy market as in the region the prevalence of cardiovascular diseases and cancer are mounting.

Asia-Pacific is observed to witness fastest growth in the market, as the region comprises of large population base and mounting acceptance of minimally invasive procedure.

In October 2015, Galil Medical, launched IcePearl 2.1 CX Cryoablation Needle and IceFORCE 2.1 CX Cryoablation Needle into its cryoablation family. Medtronic PLC, ERBE Elektromedizin GmbH, Impact Cryotherapy, Cryoconcepts LP, Zimmer Medizinsysteme GmbH, Kriosystem Life, Metrum Cryoflex, Brymill Cryogenic Systems, US Cryotherapy, Galil Medical, and Coopersurgical, are the key players offering cryo products.

Source: VynZ Research

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Yash Chauhan

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Yash Chauhan
Joined: February 25th, 2019
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