In 2018, Cancer caused nearly 9.5 million deaths worldwide and the number is ever increasing; boosts the cryotherapy market; according to a research conducted by Kenneth Research

 By 2040, the number of new cancer cases every year is expected to increase up to 27.5 million, according to a data released by International Agency for Research on Cancer (IARC). This boosts the cryotherapy market and is expected to continue to do so in the next 10 to 15 years. The market is expected to grow at an annual rate of almost 12% globally.


The global cryotherapy market is likely to expand with a revenue of more than USD 4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of ~12% from 2022 to 2030. Cryotherapy, sometimes called cryotherapy, is a minimally invasive treatment that involves the use of extremely cold temperatures to destroy diseased tissue. Cryotherapy is widely used to treat various chronic diseases such as cancer, arthritis, pain and skin diseases such as warts, skin tags and dark spots. Compared with traditional surgery, cryosurgery has many advantages, including smaller incisions, shorter hospital stays, faster wound healing, less pain and surgical wounds, and lower risk of complications. In recent years, these advantages of cryosurgery have made it more and more adopted, thus supporting the growth of its market.

In addition, the increasing prevalence of chronic diseases such as cancer, arthritis, and fibromyalgia has also driven the demand for effective cryotherapy solutions for their treatment. According to data released by the International Agency for Research on Cancer (IARC), there were 17 million new cancer cases worldwide in 2018, resulting in approximately 9.5 million deaths. The same source also stated that by 2040, this number is expected to increase to 27.5 million new cancer cases each year.


Major market players:
Brymill Cryogenic Systems, Metrum Cryoflex Sp., Zoo Sp., CryoConcepts LP, Medtronic Cooper Surgical Inc., Cortex Technology, Mectronic Medicale S.r.l., Cryoalfa ERBE Elektromedizin GmbH, Special Medical Technology Co. Ltd.

It is expected that the packaging treatment and chamber treatment parts will show strong growth in the prophase period. Ice pack therapy involves the use of cold temperatures to slow blood flow and help reduce pain and swelling. Ice pack therapy is mainly used to treat arthritis pain, post-operative swelling, back injuries, back pain and sports injuries. Indoor therapy involves the use of very low temperatures, about -60°C to -110°C, for pain management and other applications such as relaxation and beauty treatments. This therapy is suitable for people who suffer from chronic pain due to any disease such as rheumatoid arthritis. Create Beautiful Bodies Blvd (CBB BLVD) provides Brisbane cryotherapy room, which is a whole-body freezer that has benefits such as muscle healing, pain relief, reducing anxiety and inflammation, preventing dementia, improving eczema symptoms and helping to treat headaches.

The cryogenic pistol segment dominates the entire market, with the highest revenue share in 2020 at 22%, and it is expected to maintain its dominant position throughout the forecast period. The extensive use of this equipment in cryotherapy and product improvement is one of the main factors leading to a larger share of this market segment. In addition, the high incidence of cancer and skin diseases is also expected to become an important factor driving the demand for cryoguns.

Main market region:

The study on Cryotherapy market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global Cryotherapy market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.

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