Cryotherapy Market Size, Share, Growth Analysis, By Product(Cryosurgery Devices (Tissue Contact Probes, Tissue Spray Probes, Epidermal and Subcutaneous Cryoablation Devices), Localized Cryotherapy Devices), By Application(Surgical Applications (Oncology, Cardiology, Dermatology, Other Surgical Applications)), By End User(Hospitals & Specialty Clinics, Cryotherapy Centers, and Spas & Fitness Centers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2071 | Region: Global | Published Date: September, 2024
Pages: 219 |Tables: 65 |Figures: 78

Cryotherapy Market Insights

Global Cryotherapy Market size was valued at around USD 266.7 million in 2022 and is expected to rise from USD 293.1 million in 2023 to reach a value of USD 584 million by 2031, at a CAGR of 9% over the forecast period (2024–2031).

The cryotherapy market is expected to grow significantly in the coming years, driven by its expanding applications in various sectors such as the healthcare, sports, wellness and more. Continued development of the cryotherapy equipment is also anticipated to drive the market growth in developing regions such as North America and Europe. Furthermore, fitness and sports are anticipated to be major growth segments, with the whole body all cryotherapy has become increasingly popular due to its benefits in the muscle recovery and pain relief.

However, when cryotherapy becomes more affordable and accessible, especially with portable devices and the results of innovations in equipment design may be welcomed by the consensus of this community. However, the market faces some challenges especially in emerging markets where healthcare facilities and awareness about cryotherapy are limited. It is optimistic, driven by technological advances and widespread recognition of its usefulness in medicine for sustainable growth the sharing is greater.

US Cryotherapy Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024–2031

Global Market Size

USD 269.01 million

Largest Segment

cryosurgery

Fastest Growth

chamber therapy

Growth Rate

9.0% CAGR

Global Cryotherapy Market ($ Bn)
Country Share for North America Region (%)

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Cryotherapy Market Segmental Analysis

Global Cryotherapy Market is segmented by Product, Application, End User, and region. Based on Product, the market is segmented into Cryosurgery Devices (Tissue Contact Probes, Tissue Spray Probes, Epidermal and Subcutaneous Cryoablation Devices), Localized Cryotherapy Devices, Cryochambers & Cryosaunas. Based on Application, the market is segmented into Surgical Applications (Oncology, Cardiology, Dermatology, Other Surgical Applications), Pain Management, and Recovery & Health, and Beauty. Based on End User, the market is segmented into Hospitals & Specialty Clinics, Cryotherapy Centers, and Spas & Fitness Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Cryotherapy Market Analysis by Application 

The fitness application segment is expected to register the fastest growth rate of over 12.0% from 2024 to 2031 due to increasing awareness on the benefits of cryotherapy in fitness along with increasing adoption of cryo rooms in fitness clubs. This is due to rapid pain relief to stimulate natural healing in the body and can be performed. Delayed-onset muscle soreness (DOMS) is broadly defined as muscle pain, stiffness, and cramping seen after strenuous exercise. Cryotherapy can be used to provide rapid relief from DOMS. All these factors encourage the use of cryotherapy in fitness centers. The largest share of cold storage is 45.79% in 2022.  

Pharmaceutical cold chain logistics is the fastest growing region in the market. Pharmaceutical cold chain logistics is another major application in cold storage. It is used in vaccination and drug storage and transportation. For example, the Pfizer COVID-19 vaccine needs to be stored at -70 degrees Celsius. For all these reasons, cold storage played a dominant role in the year 2022. However, since the last decade, surgical drainage has been a popular treatment in medical fields, such as oncology, heart disease and one of the skin diseases. In oncology, cryotherapy can be used to treat cancers such as retinoblastoma, prostate, skin, and ovarian cancer. The main advantage of cryotherapy is that it can be repeated and used as a complementary treatment to other treatments such as chemotherapy, hormone therapy and radiation therapy. 

Cryotherapy Market Analysis by Device Type 

Cryochambers is the dominant segment in the market and expected to grow rapidly at a CAGR of over 10.1% during the forecast period, driven by the increasing number of cryotherapy centers, and increasing adoption by beauty clinics & fitness centers. Cryo chambers can be used in sports training locations, spas and beauty treatments. According to the NCBI research article, cryo rooms and cryosaunas have benefits, such as pain relief & muscle therapy, weight loss, reduced inflammation, preventing depression, and improving eczema symptoms. For example, according to a Cochrane review, four published studies did not show a significant benefit of cryotherapy in the management of arthritis pain. However, some reports contradict the doctors' statements.  

Cryoguns are the fastest growing segment in the cryotherapy market growth. Cryoguns also held a big market percentage of 10.7% in 2022. Cryoguns are used to deal with a wide range of scientific situations which include skin sicknesses, oncology and much easier. Common wrinkles, common verrucas, skin horns, skin lesions, skin lines, eyelids, acne, excess scars, keloids, and skin marks are common skin conditions treated with cryogon some also treat cervical cancer. All these factors are likely to drive the demand for cryogon in the next coming years in the market. The cryogon segment plays an important role in the cryotherapy market by providing a targeted, effective method of treating local areas of the body using very low temperatures. Cryogons are handheld devices applying liquid nitrogen or additional cryogen to specific skin wounds or healing conditions.

Global Cryotherapy Market By Application (%)

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Cryotherapy Market Regional Insights

North America dominated the global market share in 2023 and occupied the largest share of total revenue at 42.83% mainly due to high disposable income, well established healthcare infrastructure and healthcare expenditure flow. The region has the highest use of cryotherapy. According to a study, North America accounts for 69% of the world’s cryotherapy destinations. This is expected to drive the market growth in the coming years. There are many cryotherapy centers in the region. According to a study, North America is home to about 69% of the world’s hot spots. These new developments are expected to boost market growth soon.  

Asia-Pacific is predicted to be the fastest growing regional market during the cryotherapy market forecast. Emerging Asia with untapped opportunities in the region, growing plastic surgery in cancer and dermatology along with rapidly growing healthcare sector. The cryotherapy market outlook is expected to be a fastest growing due to increasing disposable income in the countries. New adoption in emerging markets is also expected to be a major driving factor. For example, in October 2021, IceCure Medical Ltd submitted an amendment to NMPA China regarding the certificate of registration for the IceSense3 Cryorobes system. Once successfully approved, IceCure Medical will be able to market its products in China.

Global Cryotherapy Market By Geography
  • Largest
  • Fastest

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Cryotherapy Market Dynamics

Cryotherapy Market Drivers

Growing Demand for Minimally Invasive Treatments 

  • One of the major drivers of the cryotherapy market is the increasing demand for minimally invasive treatments. Cryotherapy, which uses intense cold to destroy abnormal or diseased tissue, is widely regarded as a less invasive option than traditional surgery. This demand comes from patients and healthcare professionals alike because cryotherapy results in reduced healing time, fewer scars and lower risk of infection cancer and heart disease. The use of cryotherapy has expanded, leading to acceptance in health systems around the world. 

Cryotherapy Increasingly Popular in Fitness and Sports 

  • The growing popularity of cryotherapy in fitness and sports is another important driver. Cryotherapy is increasingly being used by athletes and fitness enthusiasts to repair muscles, relieve pain and reduce inflammation. As wellness trends increase the global cryotherapy market expands beyond clinical use into social and sports applications.

Restraints 

High Cost of Cryotherapy Equipment  

  • Despite the increasing acceptance of cryotherapy, one of the most important preventive measures is the high cost of cryotherapy equipment. The advanced technology needed to accurately control temperature and safely use cryotherapy drives up its cost, limiting the accessibility of small and medium-sized health care facilities and wellness centers.  

Limited Awareness and Inaccessibility in Developing Areas 

  • Another imperative is the limited cognizance and accessibility of cryotherapy remedies, specifically in emerging and growing international locations. Generally, access to advanced healthcare technology is confined in those regions, know-how approximately the benefit of cryotherapy isn't significant amongst healthcare specialists and patients. This lack of knowledge and shortage of healthcare infrastructure drives marketplace growth decline in spite of growing call for non-invasive remedy in these regions.

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Cryotherapy Market Competitive Landscape

The cryotherapy market is highly competitive, with various players vying for cryotherapy industry in medical and the non-medical applications. The market is fragmented, with established healthcare companies, specialty cryotherapy equipment manufacturers, fitness and beauty industries supply and start-ups shaping the competitive landscape. Key factors include the technological development, strategic communication and geographical expansion.

Cryotherapy Market Top players company profiles

  • Medtronic 
  • Impact Cryotherapy 
  • Zimmer MedizinSysteme 
  • Metrum Cryoflex 
  • Brymill Cryogenic Systems 
  • Galil Medical (A Subsidiary of BTG PLC) 
  • Coopersurgical (A Subsidiary of the Cooper Companies) 
  • CryoConcepts LP 
  • Kriosystem Life 
  • US Cryotherapy 
  • Professional Products 
  • Erbe Elektromedizin

Cryotherapy Market Recent developments

  • In May 2022, The Bulgari SPA London, a wellness center, offered four revolutionary cryotherapy treatments suitable for both men and women. Cryotherapy sports massage targets specific areas to reduce pain and inflammation and speed recovery from injury. 
  • In April 2022, IceCure Medical Ltd., which developed the minimally invasive cryoablation technology, the ProSense system that destroys tumors by freezing them as an alternative to surgical tumor removal.  
  • In March 2023, IceCure received approval to use its cryoprobe, the IceSense3 disposable, in China. The IceSense3 analysis is used with the company’s pre-approved IceSense3 console.

Cryotherapy Key Market Trends

  • Advances In Cryotherapy Equipment: One of the major factors shaping the cryotherapy market share is the continuous advancement in cryotherapy equipment. Manufacturers are continuously innovating to enhance the safety, efficacy, and usefulness of cryotherapy structures. These advances make health care professionals and patients more interested in therapeutics which might be extraordinarily thermosensitive, leading to their reputation in quite a few pharmaceutical programs. They at the moment are equipped with higher temperature control, superior protection capabilities, and running systems that make certain greater accurate and uniform treatment.  
  • Expanding Cryotherapy Beyond Medical Applications: Expanding cryotherapy past conventional scientific packages is a growing trend. Cryotherapy is in most cases used in cosmetics for skin rejuvenation, fats reduction and getting old that's resisted. Moreover, the increasing recognition of complete-body cryotherapy (WBC) in spas and health centers highlights the increasing use of cryotherapy in non-medical settings, adding new dimensions to the marketplace of improvement.

Cryotherapy Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.   

According to SkyQuest analysis, increasing demand for less invasive techniques and increasing popularity of cryotherapy in the fitness and sports industries are driving significant growth but high equipment costs and lack of expertise in developing regions challenges come to market expansion. Advances in cryotherapy technology and increasing use of cryotherapy in beauty, fitness and sports medicine are the prominent factors driving the market growth and as this growth continues, the market is anticipated to gain development, with clinical and non-clinical services contributing to its expansion. The cryotherapy market has grown exponentially due to its widespread use in medical, sports and cosmetic fields. Cryotherapy uses extremely cold temperatures to treat conditions ranging from skin issues to pain management and sports recovery. Advances in technology, increased demand for non-invasive treatments and benefits increasing awareness on cryotherapy has given rise to this market. Cryotherapy offers a non-invasive alternative to traditional surgery, making dermatology, pain management and cosmetic treatment popular. 

Report Metric Details
Market size value in 2022 USD 266.7 million
Market size value in 2031 USD 584 million
Growth Rate 9%
Base year 2023
Forecast period 2024–2031
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Cryosurgery Devices (Tissue Contact Probes, Tissue Spray Probes, Epidermal and Subcutaneous Cryoablation Devices), Localized Cryotherapy Devices, Cryochambers & Cryosaunas
  • Application
    • Surgical Applications (Oncology, Cardiology, Dermatology, Other Surgical Applications), Pain Management, and Recovery & Health, and Beauty
  • End User
    • Hospitals & Specialty Clinics, Cryotherapy Centers, and Spas & Fitness Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic 
  • Impact Cryotherapy 
  • Zimmer MedizinSysteme 
  • Metrum Cryoflex 
  • Brymill Cryogenic Systems 
  • Galil Medical (A Subsidiary of BTG PLC) 
  • Coopersurgical (A Subsidiary of the Cooper Companies) 
  • CryoConcepts LP 
  • Kriosystem Life 
  • US Cryotherapy 
  • Professional Products 
  • Erbe Elektromedizin

Cryotherapy Market Recent developments

  • In May 2022, The Bulgari SPA London, a wellness center, offered four revolutionary cryotherapy treatments suitable for both men and women. Cryotherapy sports massage targets specific areas to reduce pain and inflammation and speed recovery from injury. 
  • In April 2022, IceCure Medical Ltd., which developed the minimally invasive cryoablation technology, the ProSense system that destroys tumors by freezing them as an alternative to surgical tumor removal.  
  • In March 2023, IceCure received approval to use its cryoprobe, the IceSense3 disposable, in China. The IceSense3 analysis is used with the company’s pre-approved IceSense3 console.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cryotherapy Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cryotherapy Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cryotherapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cryotherapy Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cryotherapy Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cryotherapy Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Cryotherapy Market size was valued at around USD 266.7 million in 2022 and is expected to rise from USD 293.1 million in 2023 to reach a value of USD 584 million by 2031, at a CAGR of 9% over the forecast period (2024–2031).

The cryotherapy market is highly competitive, with various players vying for cryotherapy industry in medical and the non-medical applications. The market is fragmented, with established healthcare companies, specialty cryotherapy equipment manufacturers, fitness and beauty industries supply and start-ups shaping the competitive landscape. Key factors include the technological development, strategic communication and geographical expansion. 'Medtronic ', 'Impact Cryotherapy ', 'Zimmer MedizinSysteme ', 'Metrum Cryoflex ', 'Brymill Cryogenic Systems ', 'Galil Medical (A Subsidiary of BTG PLC) ', 'Coopersurgical (A Subsidiary of the Cooper Companies) ', 'CryoConcepts LP ', 'Kriosystem Life ', 'US Cryotherapy ', 'Professional Products ', 'Erbe Elektromedizin', 'In May 2022, The Bulgari SPA London, a wellness center, offered four revolutionary cryotherapy treatments suitable for both men and women. Cryotherapy sports massage targets specific areas to reduce pain and inflammation and speed recovery from injury. ', 'In April 2022, IceCure Medical Ltd., which developed the minimally invasive cryoablation technology, the ProSense system that destroys tumors by freezing them as an alternative to surgical tumor removal.  ', 'In March 2023, IceCure received approval to use its cryoprobe, the IceSense3 disposable, in China. The IceSense3 analysis is used with the company’s pre-approved IceSense3 console.'

One of the major drivers of the cryotherapy market is the increasing demand for minimally invasive treatments. Cryotherapy, which uses intense cold to destroy abnormal or diseased tissue, is widely regarded as a less invasive option than traditional surgery. This demand comes from patients and healthcare professionals alike because cryotherapy results in reduced healing time, fewer scars and lower risk of infection cancer and heart disease. The use of cryotherapy has expanded, leading to acceptance in health systems around the world. 

Advances In Cryotherapy Equipment: One of the major factors shaping the cryotherapy market share is the continuous advancement in cryotherapy equipment. Manufacturers are continuously innovating to enhance the safety, efficacy, and usefulness of cryotherapy structures. These advances make health care professionals and patients more interested in therapeutics which might be extraordinarily thermosensitive, leading to their reputation in quite a few pharmaceutical programs. They at the moment are equipped with higher temperature control, superior protection capabilities, and running systems that make certain greater accurate and uniform treatment.  

North America dominated the global market share in 2023 and occupied the largest share of total revenue at 42.83% mainly due to high disposable income, well established healthcare infrastructure and healthcare expenditure flow. The region has the highest use of cryotherapy. According to a study, North America accounts for 69% of the world’s cryotherapy destinations. This is expected to drive the market growth in the coming years. There are many cryotherapy centers in the region. According to a study, North America is home to about 69% of the world’s hot spots. These new developments are expected to boost market growth soon.  

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