The cryotherapy devices market, in terms of revenue, was valued at US$ 3,011.74 Mn in 2020 and is expected to reach US$ 4,739.03 Mn by 2030. Some of the key participants of global cryotherapy devices market are Fosun Pharmaceutical (Group) Co., Bruker Corporation, Cynosure, Inc., LUMENIS, Ellex Medical Lasers, IRIDEX Corporation, Hamilton Thorne, Inc., Impact Cryotherapy and Biolitec AG amongst others.
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Cryotherapy is the therapy which involves use of low temperature. Cryotherapy has been used to reduce fever, provide pain relief, prevent or reduce edema, control bleeding and slow the damage of thermal burns. Cryotherapy can also be used in the treatment of various skin diseases and tumors within bones, lungs, breasts, kidneys and liver. The cryotherapy devices usually come with temperature control and timer facilities.
Global Cryotherapy Devices Market, By Therapy Type
In this therapy, freezing destroys the target lesions and a margin surrounding tissue. Benign and malignant tissue damage also known as lesions, can be treated with the help of cryotherapy. Cryosurgery has the highest market share in 2017, in the global cryotherapy medical devices, by therapy type. The cryotherapy devices market is driven by adoption of minimally invasive procedures in the treatments. In the treatment, abnormal or diseased tissues are destroyed with the help of extreme cold temperature. Sub-zero temperature is produced with the help of liquid nitrogen, which helps in improving beneficial reactions. This therapy takes very less time and helps in getting long-lasting results.
The growth of the cryotherapy medical devices market is driven by rapid product launches and independent clinics. There are several hazardous effects of cryogenic gases, which prevents patients from taking this therapy. This factor could restrain the growth of the market. Advancement in the breast cancer treatment to provide opportunities for the cryotherapy devices manufacturers.
Cryotherapy Devices Market, by Application
Cryotherapy devices has been very useful in the treatment of various diseases such as pain management, cardiology and oncology amongst others. Oncology, in the application segment holds the largest market share currently. Cryosurgery can be very effective in the treatment of Retinoblastoma, early stage skin cancers, precancerous conditions of cervix and skin growths. The research and development activities in the field of breast, colon and kidney cancer is expected to fuel the growth for the cryotherapy devices market.
Cryotherapy Devices Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Cryotherapy Devices Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Cryotherapy Devices Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Cryotherapy Devices market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Cryotherapy Devices market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Cryotherapy Devices market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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