Research Nester released a report titled “Cryotherapy Units Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global cryotherapy units market in terms of market segmentation by therapy, by area of application, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Cryotherapy is a technique that used extremely cold temperatures for the treatment of a number of skin related and other disorders. This results in a therapeutic effect by destroying the diseased cells and providing relief to the affected area. The market for cryotherapy units is projected to grow with a CAGR of 10.1% during the forecast period, i.e., 2019-2027. The market is segmented by therapy, by area of application, by application and by region, out of which, the therapy segment is further segmented into liquid nitrogen therapy, dry ice therapy and electric therapy. The segment for liquid nitrogen therapy is anticipated to observe the most lucrative growth over the forecast period on account of ease of application and lesser time for the treatment of skin lesions.
Based on region, the market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is estimated to hold the largest share in cryotherapy units market globally. This can be attributed to the presence of advanced healthcare facilities in the region. On the other hand, the market in Asia Pacific region is anticipated to grow at the highest rate over the forecast period as a result of growing awareness among people about the availability of novel cancer treatment methods.
Growing Demand for Minimally Invasive Treatments to Drive the Market Growth
Cryotherapy is non-invasive procedure that results in a lower scar formation, lesser pain and it requires lesser time to heal. On account of this, the demand for non-invasive and minimally invasive procedures is a lot higher than that of invasive methods of surgery. This is anticipated to become a significant factor contributing towards the growth of cryotherapy units market. However, the lower adoption rates of this therapy, especially by people living in developing and under-developed regions is predicted to limit the market growth in the upcoming years.
This report also provides the existing competitive scenario of some of the key players of the global cryotherapy units market which includes company profiling of JUKA, Impact Cryotherapy, MECOTEC GmbH, Zimmer MedizinSysteme GmbH, Cryomed, METRUM CRYOFLEX, Kriosystem – Care Sp. z o.o., TITAN CRYO, US Cryotherapy and °CRYO. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cryotherapy units market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.