New York, NY 23 Sep 2020: The global cryotherapy market size is set to achieve 6.72 billion by 2026 at a CAGR of 9.8% according to a new study published by Polaris Market Research. The report Cryotherapy Market Size, Share, Trends, Industry Analysis Report By Device Type (Cryoguns, Cryoprobes, Gas Cylinders, Cryochambers, Gas Pressure Gauges, Thermocouple devices); By Therapy Type (Cryosurgery, Icepack Therapy, Chamber Therapy); By Application Type and By Regions – Segment Forecast 2020-2026 provides an in-depth analysis of present and future market trends.
Cryotherapy is known in medical science as an application of low temperature for treating malignant tissues and malignant tissue damage called lesions. Cryotherapy finds common applications in treating muscle pain, sprains, swelling, soft tissue damage and postoperative swelling.
Cryotherapy known as cryoablation is a non-invasive therapy that is useful in pain reduction, abnormal skin treatment and treating local tumors. Cryosurgery is directing extreme cold to diseased tissues to destroy them. Then, ice pack therapy is administered to an injured area of body. It is for no small reason that cryotherapy devices market is considered the most potent treatment for cancer. Rising incidences of cancer will give growth to phenomenal strides in market. Cryotherapy, also called cryoablation, is a non-invasive therapy used for alleviating pain, treating abnormal skin, and treating localized tumors. It can be administered locally or on whole body.
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The cryotherapy market in North America and Europe is boosted by increasing demand from athletes and film actors to recover from injury faster and prevent aging. Companies are constantly on the look-out to develop innovative products for cryotherapy in order to gain larger user base in emerging economies such as India, China, and Brazil. North America stands out over other regions with its market domination.
Cryosurgery therapy type segment soars over other types of therapies owing to minimally invasive surgery holding sway. Cryosurgery helps repair damaged tissues without bringing any harm to healthy tissues in the body. Negligible side effects and faster recoveries will bring forth market success during forecast period. A whole-body cryotherapy (WBC) is useful in improving athletes’ performance and reduces his downtime by helping him recover early from muscular injuries and pain.
Oncology dominates market segment with 80% market share. This is due to rising number of patients being targeted by cancer with increasing mortality rates. Cryotherapy is advantageous, more so as it offers a turnaround solution to patients who are non-treatable, non-operable and those who are unresponsive to treatment. Cryotherapy also is used in skin treatment and for treating eye lesions. The uniqueness of the method lies in applying liquid nitrogen using a cotton swab or a spraying device.
The key players in Cryotherapy market include CryoConcepts LP, Medtronic plc, Brymill Cryogenci Systems, Cortex Technoologies, Cooper Surgical, Inc., and Zimmer Medizin Systems.
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