CRYOTHERAPY MARKET ANALYSIS

Cryotherapy Market, By Product [Cryosurgery Devices (Cryo Probes, Cryoablation Devices), Localized Cryotherapy Devices, Cryochambers, and Cryosaunas], By Application (Cancer, Cardiovascular Diseases, Dermatologic Disorders, Pain Management, and Others), By End User [Hospitals, Specialty Clinics, and Others (Spas and Fitness Centers)], and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Global Cryotherapy Market - Drivers

Increasing prevalence of dermatologic disorders and cancer: Increasing prevalence of dermatologic disorders and cancer increases the need for cryotherapy which is expected to propel the growth of the global cryotherapy market over the forecast period. For instance, on April 17, 2023, a report published on National Center for Biotechology Information (NCBI), globally 4,859,267,654 new skin and subcutaneous disease cases were identified in 2019, most of which were fungal and bacterial skin diseases.
Increasing preference of physicians for cryotherapy: Increasing preference of physicians for cryotherapy is expected to increase the demand for cryotherapy, thereby driving the global cryotherapy market growth. For instance, on April 24, 2023, IceCure Medical Ltd., a developer of the ProSense System, a minimally-invasive cryoablation technology that destroys tumors by freezing as an alternative to surgical tumor removal, developer of the ProSense System, a minimally-invasive cryoablation technology that destroys tumors by freezing as an alternative to surgical tumor removal, announced its educational support for a Continuing Medical Education (CME) course on cryotherapy at the American Society of Breast Surgeons' (ASBrS) 24th Annual Meeting held in Boston, U.S.

Global Cryotherapy Market - Restraint

Disadvantages associated with cryotherapy: Disadvantages associated with cryotherapy, such adverse effects associated with cryogenic gases, are expected to hinder the market growth over the forecast period.