Global Cryotherapy Market 2019-2023
Cryotherapy is a cold therapy and used for the treatment of pain by using freezing temperatures on a localized region of the body to eliminate an irritated nerve. Cryotherapy is also being increasingly adopted by dermatologists to treat abnormal skin cells.
Technavio’s analysts forecast the Global Cryotherapy Market to grow at a CAGR of 8.45% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the cryotherapy market. To calculate the market size, the report considers the revenue generated from application of cryotherapy across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Cryotherapy Market 2019-2023
Technavio recognizes the following companies as the key players in the global cryotherapy market: Brymill Cryogenic Systems, CryoConcepts, Impact Cryotherapy, Medtronic, Metrum Cryoflex, and Zimmer Medizinsysteme.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market are the technological advances in cryotherapy equipment. Manufacturers are focusing on technological advances setting the trend in the cryotherapy market, which has allowed the development of local cryotherapy that provides decreased morbidity rates.”
According to the report, one driver influencing this market is the growing incidence of cancer and cardiac conditions. The growing population is expected to increase the number of cancers that generally develops among the elderly population, which is likely to add substantially to the growth of the global cryotherapy market.
Further, the report states that one challenge affecting this market are the stringent regulatory approvals. Stringent regulations and delayed approvals are expected to hamper the growth of the global cryotherapy market.
Brymill Cryogenic Systems
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