Cryochambers Market, By Type (Individual Units/Cryosauna and Multiple Person Units/Cryochambers), By Application (Fitness Center & Beauty Spa, Cryotherapy Centers, and Sports Clubs &Athletes Associations), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI282919 | Publish Date: May 2024 | No. of Pages: 180

Global Cryochambers Market By Type Overview

Cryochambers Market was valued at US$ 8.2 Billion in 2024 and is projected to grow at a CAGR of 16.90% to reach US$ 33.8 Billion by 2034.

Cryochambers in medical therapy is application of low temperature to an injured area. It is chiefly used for treating malignant tissues and damaged tissues also termed as lesions. Cryochambers is widely engaged for treating muscle pains, sprains, swelling, soft tissue damage and post-operative swelling. Cryochambers is primarily renowned for its surgical treatment in cryoablation and cryosurgery. Cryosurgery is application of extreme cold to destroy abnormal or diseased tissues followed by ice pack therapy to an injured area of the body. Cryochambers is considered as one of the most potent treatment for cancer available.

Global Cryochambers Market By Type Drivers & Restraints

The key factor driving the growth of Cryochambers market include the rising demand for minimally invasive procedures, increasing incidence of sports injuries, cardiac condition and cancers. In addition, technological advancements and growing popularity in the beauty, fitness and wellness industry also boost growth of the target market.  Rising incidences of cancer and cardiological disorders will push target market growth further up. Cryochambers is also credited with treating arthritis and rheumatoid conditions which will boost the global market growth during the forecast period. The continuous evolution of technological advancements that finds use in Cryochambers with latest finds will also help bolster target market growth during forecast period. Furthermore, cryochambers and cryosurgical equipment that comprise an installment base in developing countries will drive growth of the global market over the forecast period.   Whereas, the limited access to Cryochambers and lack of awareness about its benefits may restrain the target market to a certain extent during the forecast period. In addition,  high cost of the treatment, safety guidelines, adverse effects associated with cryogenic gases, lack of complete knowledge regarding Cryochambers, the complexity of the Cryochambers applications are likely to hinder the global market. However, growing research into expanding the areas of cryotherapies are offering growth opportunity to the global market.

Global Cryochambers Market By Type Segmentations & Regional Insights

Cryochambers market is segmented based on product, application, end user, and region.

Based on product, the Cryochambers market is segmented into the cryosurgery devices, localized Cryochambers devices, and cryochambers and cryosaunas. The cryosurgery device is further classified into tissue contact probes, tissue spray probes, and epidermal and subcutaneous cryoablation devices. The cryosurgery devices segment is expected to witness the fastest growth during the forecast period. Advantages offered by cryosurgery, such as fewer side effects and greater affordability, are increasing its adoption. Consequently, the demand for Cryochambers devices is also growing. Based on the application, the target market is segmented into surgical applications, pain management, and recovery health and beauty. The surgical application is further segmented into oncology, cardiology, dermatology, and other surgical applications. The surgical applications segment held the largest share of the global market, a trend that is expected to continue during the forecast period. The large share of this segment can be attributed to higher adoption of cryoablation for cancer treatment as well as the advantages offered by this technique over traditional surgery. Based on end user, the global market is classified into hospitals and specialty clinics, Cryochambers centers, and spas & fitness centers.

Region Insights:

Based on the region the Cryochambers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is the largest regional market in terms of revenue, due to the presence of skilled professionals, increasing adoption of whole body Cryochambers, increasing adoption of Cryochambers for cancers and skin disorders. In addition, rising prevalence of cancer and increasing adoption of minimally invasive surgeries. Asia Pacific is likely to do booming growth over the forecast period mainly due to increasing awareness regarding use of Cryochambers.  Added to these market strengths, fewer side effects, low cost of treatment and growing accessibility of treatment would seek high market growth in forecast period in this region.

Cryochambers Market, By Product:

  • Cryosurgery Devices
    • Tissue Contact Probes
    • Tissue Spray Probes
    • Epidermal and Subcutaneous Cryoablation Devices
  • Localized Cryochambers Devices
  • Cryochambers and Cryosaunas

Cryochambers Market, By Application:

  •  Surgical Applications
    • Oncology
    • Cardiology
    • Dermatology
    • Other Surgical Applications
  •  Pain Management
  • Recovery, Health, and Beauty

Cryochambers Market, By End User:

  • Hospitals and Specialty Clinics
  • Cryochambers Centers
  • Spas & Fitness Centers

Cryochambers Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Cryochambers Market, By Product
      • Middle East & Africa Cryochambers Market, By Application
      • Middle East & Africa Cryochambers Market, By End User
      • Middle East & Africa Cryochambers Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Cryochambers Market, By Product
      • Latin America Cryochambers Market, By Application
      • Latin America Cryochambers Market, By End User
      • Latin America Cryochambers Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Cryochambers Market, By Product
      • Asia Pacific Cryochambers Market, By Application
      • Asia Pacific Cryochambers Market, By End User
      • Asia Pacific Cryochambers Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • Europe Cryochambers Market, By Product
      • Europe Cryochambers Market, By Application
      • Europe Cryochambers Market, By End User
      • Europe Cryochambers Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Cryochambers Market, By Product
    • North America Cryochambers Market, By Application
    • North America Cryochambers Market, By End User
    • North America Cryochambers Market, By Country
      • U.S.
      • Canada

Global Cryochambers Market By Type Competitive Landscape & Key Players

The key players operating the Cryochambers market involves Medtronic, Galil Medical, Cooper Surgical, Impact Cryochambers, Zimmer Medizin System, Metrum Cryoflex, Brymill Cryogenic Systems, Erbe Elektromedizin, Cryo Concepts Cryochambers, and Professional Products. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in May 2019, Medtronic collaborated with Phillips to facilitate the sale of products on behalf of Philips to provide an innovative, integrated image guidance solution for cryoablation procedures. For the advance treatment of paroxysmal atrial fibrillation, a common heart rhythm disorder.

Global Cryochambers Market By Type Company Profile

  • Medtronic
  • Company Overview 
  • Product Portfolio
    • Key Highlights
    • Financial Performance
  • Galil Medical
  • Cooper Surgical
  •  Impact Cryochambers
  • Zimmer Medizin System
  • Metrum Cryoflex
  • Brymill Cryogenic Systems
  • Erbe Elektromedizin
  • Cryo Concepts Cryochambers
  •  Professional Products

 “*” marked represents similar segmentation in other categories in the respective section

FAQs

Cryotherapy Market is valued at US$218 million in 2020

The Cryotherapy Market is projected to increase at a CAGR of 16.90% during the forecast period.

The cryotherapy market is segmented based on product, application, end user, and region.

The key factor driving the growth of cryotherapy market include the rising demand for minimally invasive procedures, increasing incidence of sports injuries, cardiac condition and cancers.

North America held the largest share of the market in 2019 and is projected to continue to do so during the forecast period.