Table of Content

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.2.1 MARKET SCOPE 15
1.2.2 MARKETS COVERED 15
1.2.3 YEARS CONSIDERED FOR THE STUDY 15
1.3 CURRENCY 16
1.4 LIMITATIONS 16
1.5 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.2 RESEARCH METHODOLOGY STEPS 17
2.2.1 SECONDARY DATA 19
2.2.1.1 Secondary sources 19
2.2.2 PRIMARY DATA 20
2.2.2.1 Primary sources 21
2.2.2.2 Key insights from primary sources 21
2.3 MARKET SIZE ESTIMATION METHODOLOGY 22
2.4 MARKET DATA ESTIMATION AND TRIANGULATION 23
2.5 ASSUMPTIONS OF THE STUDY 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 28
4.1 CRYOTHERAPY: MARKET OVERVIEW 28
4.2 EUROPE: CRYOTHERAPY MARKET, BY PRODUCT (2018) 29
4.3 CRYOTHERAPY MARKET SHARE, BY APPLICATION, 2019 VS. 2024 29
4.4 CRYOTHERAPY MARKET SHARE, BY PRODUCT, 2019 VS. 2024 30
4.5 CRYOTHERAPY MARKET SHARE, BY END USER, 2019 VS. 2024 30
4.6 GEOGRAPHICAL SNAPSHOT OF THE CRYOTHERAPY MARKET 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Increasing demand for minimally invasive/non-invasive procedures 33
5.2.1.2 Growing incidence of sports injuries, cancer, and cardiac conditions 33
5.2.1.3 Technological advancements in cryotherapy equipment 34
5.2.1.4 Growing popularity in the beauty, wellness, and fitness industries 34
5.2.2 RESTRAINTS 35
5.2.2.1 Limited access to cryotherapy and lack of awareness 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Growing focus on expanding cryotherapy applications 35
5.2.4 CHALLENGES 36
5.2.4.1 Hazardous effects of cryogenic gases 36
5.2.4.2 Lack of evidence for the efficacy of whole-body cryotherapy 36

6 CRYOTHERAPY MARKET, BY PRODUCT 37
6.1 INTRODUCTION 38
6.2 CRYOSURGERY DEVICES 39
6.2.1 TISSUE CONTACT PROBES 40
6.2.1.1 Safety and effectiveness of tissue contact probes have driven
their use 40
6.2.2 TISSUE SPRAY PROBES 41
6.2.2.1 Ability to treat surgically inoperable tumors is driving the use of
spray probes 41
6.2.3 EPIDERMAL & SUBCUTANEOUS CRYOABLATION DEVICES 41
6.2.3.1 Anesthetic properties of epidermal & subcutaneous probes are supporting market growth 41
6.3 LOCALIZED CRYOTHERAPY DEVICES 42
6.3.1 SIMPLICITY AND EASE OF APPLICATION HAVE POPULARIZED
LOCALIZED CRYOTHERAPY 42
6.4 CRYOCHAMBERS & CRYOSAUNAS 43
6.4.1 CHAMBERS AND SAUNAS ARE WIDELY USED IN SPORTS 43

7 CRYOTHERAPY MARKET, BY APPLICATION 44
7.1 INTRODUCTION 45
7.2 SURGICAL APPLICATIONS 46
7.2.1 ONCOLOGY 47
7.2.1.1 Increasing cancer incidence will propel market growth 47
7.2.2 DERMATOLOGY 48
7.2.2.1 The use of cryotherapy in dermatology has risen in recent years 48
7.2.3 CARDIOLOGY 49
7.2.3.1 Rising research into the use of cryotherapy and growing demand for CVD treatment will ensure market growth 49
7.2.4 OTHER SURGICAL APPLICATIONS 50
7.3 PAIN MANAGEMENT 51
7.3.1 ESTABLISHMENT OF CRYOTHERAPY CENTRES FOR PAIN MANAGEMENT
WILL CONTRIBUTE TO PATIENT DEMAND 51
?
7.4 RECOVERY, HEALTH, AND BEAUTY APPLICATIONS 52
7.4.1 ADVANTAGES OF CRYOTHERAPY HAVE RESULTED IN ITS WIDE ADOPTION
IN THESE FIELDS 52

8 CRYOTHERAPY MARKET, BY END USER 54
8.1 INTRODUCTION 55
8.2 HOSPITALS & SPECIALTY CLINICS 56
8.2.1 HOSPITALS & SPECIALTY CLINICS ARE THE MAJOR END USERS OF
THE CRYOTHERAPY MARKET 56
8.3 CRYOTHERAPY CENTERS 56
8.3.1 CRYOTHERAPY CENTERS OFFER CRYO SERVICES TO ENHANCE WELLNESS AND AID RECOVERY 56
8.4 SPAS & FITNESS CENTERS 57
8.4.1 SPAS & FITNESS CENTERS OFFER CRYOTHERAPY SERVICES FOR ENHANCING THE BEAUTY AND OVERALL WELLNESS OF THE BODY 57

9 CRYOTHERAPY MARKET, BY REGION 58
9.1 INTRODUCTION 59
9.2 NORTH AMERICA 60
9.2.1 US 63
9.2.1.1 The growing popularity of cryotherapy among fitness & beauty enthusiasts is driving the market for cryotherapy in the US 63
9.2.2 CANADA 65
9.2.2.1 High burden of cardiovascular diseases to drive the demand
for cryosurgery 65
9.3 EUROPE 68
9.3.1 GERMANY 71
9.3.1.1 Germany to register the highest growth in the European cryotherapy market during the forecast period 71
9.3.2 POLAND 73
9.3.2.1 Increasing research studies on cryotherapy to support market growth 73
9.3.3 UK 75
9.3.3.1 Increasing prevalence of cancer & arthritis to drive market growth 75
9.3.4 REST OF EUROPE (ROE) 78
9.4 ASIA PACIFIC 80
9.4.1 LARGE PATIENT POPULATION OF CANCER AND CARDIAC DISEASES 82
9.5 REST OF THE WORLD (ROW) 84

10 COMPETITIVE LANDSCAPE 88
10.1 INTRODUCTION 88
10.2 MARKET RANKING ANALYSIS 89
10.3 COMPETITIVE LEADERSHIP MAPPING 90
10.3.1 VISIONARY LEADERS 90
10.3.2 INNOVATORS 90
10.3.3 DYNAMIC DIFFERENTIATORS 90
10.3.4 EMERGING COMPANIES 90
10.4 COMPETITIVE SCENARIO 92
10.4.1 PRODUCT LAUNCHES 92
10.4.2 PRODUCT LAUNCHES & DEPLOYMENTS 92
10.4.3 PARTNERSHIPS AND COLLABORATIONS 93

11 COMPANY PROFILES 94
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 MEDTRONIC 94
11.2 IMPACT CRYOTHERAPY 97
11.3 ZIMMER MEDIZINSYSTEME 100
11.4 METRUM CRYOFLEX 102
11.5 BRYMILL CRYOGENIC SYSTEMS 104
11.6 GALIL MEDICAL (A SUBSIDIARY OF BTG PLC) 106
11.7 COOPERSURGICAL (A SUBSIDIARY OF THE COOPER COMPANIES) 108
11.8 CRYOCONCEPTS LP 109
11.9 KRIOSYSTEM LIFE 110
11.10 US CRYOTHERAPY 111
11.11 PROFESSIONAL PRODUCTS 112
11.12 ERBE ELEKTROMEDIZIN 113
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

12 APPENDIX 114
12.1 DISCUSSION GUIDE 114
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 117
12.3 AVAILABLE CUSTOMIZATIONS 119
12.4 RELATED REPORTS 119
12.5 AUTHOR DETAILS 120



List of Figures



FIGURE 1 RESEARCH METHODOLOGY: CRYOTHERAPY MARKET 17
FIGURE 2 RESEARCH DESIGN 18
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE DESIGNATION, AND REGION 20
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 22
FIGURE 6 DATA TRIANGULATION METHODOLOGY 23
FIGURE 7 CRYOTHERAPY MARKET SHARE, BY PRODUCT, 2018 25
FIGURE 8 CRYOTHERAPY MARKET, BY APPLICATION, 2019 VS. 2024 (USD MILLION) 26
FIGURE 9 CRYOTHERAPY MARKET, BY END USER, 2019 VS. 2024 (USD MILLION) 26
FIGURE 10 GEOGRAPHICAL SNAPSHOT OF THE CRYOTHERAPY MARKET 27
FIGURE 11 INCREASING PREVALENCE OF CANCER & CARDIAC CONDITIONS TO
DRIVE MARKET GROWTH 28
FIGURE 12 CRYOSURGERY DEVICES ACCOUNTED FOR THE LARGEST SHARE OF
THE EUROPEAN CRYOTHERAPY MARKET IN 2018 29
FIGURE 13 SURGICAL APPLICATIONS WILL CONTINUE TO DOMINATE THE CRYOTHERAPY MARKET IN 2024 29
FIGURE 14 CRYOSURGERY DEVICES SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2019 30
FIGURE 15 HOSPITALS & SPECIALTY CLINICS ARE THE LARGEST END USER OF
THE CRYOTHERAPY MARKET 30
FIGURE 16 APAC TO REGISTER THE HIGHEST GROWTH IN THE FORECAST PERIOD
(2019–2024) 31
FIGURE 17 CRYOTHERAPY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES 32
FIGURE 18 CRYOSURGERY DEVICES TO COMMAND THE LARGEST SHARE OF
THE GLOBAL CRYOTHERAPY MARKET IN 2018 38
FIGURE 19 EPIDERMAL & SUBCUTANEOUS CRYOABLATION DEVICES TO REGISTER
THE HIGHEST GROWTH RATE IN THE FORECAST PERIOD 39
FIGURE 20 SURGICAL APPLICATIONS SEGMENT TO REGISTER THE HIGHEST GROWTH
IN THE FORECAST PERIOD 45
FIGURE 21 ONCOLOGY WILL COMMAND THE LARGEST SHARE OF THE GLOBAL CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS IN 2018 46
FIGURE 22 HOSPITALS & SPECIALTY CLINICS SEGMENT WILL CONTINUE TO DOMINATE
THE CRYOTHERAPY MARKET IN 2024 55
FIGURE 23 NORTH AMERICA DOMINATES THE CRYOTHERAPY MARKET DURING
THE STUDY PERIOD 59
FIGURE 24 NORTH AMERICA: CRYOTHERAPY MARKET SNAPSHOT 60
FIGURE 25 EUROPE: CRYOTHERAPY MARKET SNAPSHOT 68
FIGURE 26 ASIA PACIFIC: CRYOTHERAPY MARKET SNAPSHOT 81
FIGURE 27 ROW: CRYOTHERAPY MARKET SNAPSHOT 85
FIGURE 28 KEY DEVELOPMENTS IN THE CRYOTHERAPY MARKET, 2016-2019 88
FIGURE 29 CRYOTHERAPY MARKET RANKING, 2018 89
FIGURE 30 CRYOTHERAPY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018 91
FIGURE 31 MEDTRONIC: COMPANY SNAPSHOT (2018) 94

 

List of Tables



TABLE 1 TECHNOLOGICALLY ADVANCED PRODUCT LAUNCHES IN
CRYOTHERAPY EQUIPMENT 34
TABLE 2 CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 38
TABLE 3 CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 39
TABLE 4 CRYOSURGERY DEVICES MARKET, BY REGION, 2017–2024 (USD MILLION) 40
TABLE 5 TISSUE CONTACT PROBES MARKET, BY REGION, 2017–2024 (USD MILLION) 40
TABLE 6 TISSUE SPRAY PROBES MARKET, BY REGION, 2017–2024 (USD MILLION) 41
TABLE 7 EPIDERMAL AND SUBCUTANEOUS CRYOABLATION DEVICES MARKET BY REGION, 2017–2024 (USD MILLION) 42
TABLE 8 LOCALIZED CRYOTHERAPY DEVICES MARKET, BY REGION 2017–2024 (USD MILLION) 42
TABLE 9 CRYOCHAMBERS & CRYOSAUNAS MARKET, BY REGION 2017–2024 (USD MILLION) 43
TABLE 10 CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 45
TABLE 11 CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 46
TABLE 12 CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY REGION 2017–2024 (USD MILLION) 47
TABLE 13 CRYOTHERAPY MARKET FOR ONCOLOGY, BY REGION, 2017–2024 (USD MILLION) 48
TABLE 14 CRYOTHERAPY MARKET FOR DERMATOLOGY, BY REGION 2017–2024 (USD MILLION) 49
TABLE 15 CRYOTHERAPY MARKET FOR CARDIOLOGY, BY REGION 2017–2024 (USD MILLION) 50
TABLE 16 CRYOTHERAPY MARKET FOR OTHER SURGICAL APPLICATIONS, BY REGION 2017–2024 (USD MILLION) 51
TABLE 17 CRYOTHERAPY MARKET FOR PAIN MANAGEMENT, BY REGION 2017–2024 (USD MILLION) 52
TABLE 18 CRYOTHERAPY MARKET FOR RECOVERY, HEALTH, & BEAUTY APPLICATIONS BY REGION, 2017–2024 (USD MILLION) 53
TABLE 19 CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 55
TABLE 20 CRYOTHERAPY MARKET FOR HOSPITALS & SPECIALTY CLINICS, BY REGION 2017–2024 (USD MILLION) 56
TABLE 21 CRYOTHERAPY CENTERS MARKET, BY REGION, 2017–2024 (USD MILLION) 57
TABLE 22 CRYOTHERAPY MARKET FOR SPAS & FITNESS CENTERS, BY REGION 2017–2024 (USD MILLION) 57
TABLE 23 CRYOTHERAPY MARKET, BY REGION, 2017–2024 (USD MILLION) 59
TABLE 24 NORTH AMERICA: CRYOTHERAPY MARKET, BY COUNTRY 2017–2024 (USD MILLION) 61
TABLE 25 NORTH AMERICA: CRYOTHERAPY MARKET, BY PRODUCT 2017–2024 (USD MILLION) 61
TABLE 26 NORTH AMERICA: CRYOSURGERY DEVICES MARKET, BY TYPE 2017–2024 (USD MILLION) 61
TABLE 27 NORTH AMERICA: CRYOTHERAPY MARKET, BY APPLICATION 2017–2024 (USD MILLION) 62
TABLE 28 NORTH AMERICA: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE, 2017–2024 (USD MILLION) 62
TABLE 29 NORTH AMERICA: CRYOTHERAPY MARKET, BY END USER 2017–2024 (USD MILLION) 62
TABLE 30 US: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 63
TABLE 31 US: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 64
TABLE 32 US: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 64
TABLE 33 US: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 65
TABLE 34 US: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 65
TABLE 35 CANADA: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 66
TABLE 36 CANADA: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 66
TABLE 37 CANADA: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 67
TABLE 38 CANADA: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 67
TABLE 39 CANADA: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 67
TABLE 40 EUROPE: CRYOTHERAPY MARKET, BY COUNTRY, 2017–2024 (USD MILLION) 69
TABLE 41 EUROPE: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 69
TABLE 42 EUROPE: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 69
TABLE 43 EUROPE: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 70
TABLE 44 EUROPE: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 70
TABLE 45 EUROPE: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 70
TABLE 46 GERMANY: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 71
TABLE 47 GERMANY: CRYOSURGERY DEVICES MARKET, BY TYPE 2017–2024 (USD MILLION) 71
TABLE 48 GERMANY: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 72
TABLE 49 GERMANY: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE, 2017–2024 (USD MILLION) 72
TABLE 50 GERMANY: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 73
TABLE 51 POLAND: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 73
TABLE 52 POLAND: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 74
TABLE 53 POLAND: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 74
TABLE 54 POLAND: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 75
TABLE 55 POLAND: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 75
TABLE 56 UK: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 76
TABLE 57 UK: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 76
TABLE 58 UK: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 77
TABLE 59 UK: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 77
TABLE 60 UK: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 77
TABLE 61 ROE: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 78
TABLE 62 ROE: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 78
TABLE 63 ROE: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 79
TABLE 64 ROE: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 79
TABLE 65 ROE: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 79
TABLE 66 ASIA PACIFIC: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 82
TABLE 67 APAC: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 82
TABLE 68 APAC: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 82
TABLE 69 APAC: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 83
TABLE 70 APAC: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 83
TABLE 71 ROW: CRYOTHERAPY MARKET, BY PRODUCT, 2017–2024 (USD MILLION) 85
TABLE 72 ROW: CRYOSURGERY DEVICES MARKET, BY TYPE, 2017–2024 (USD MILLION) 86
TABLE 73 ROW: CRYOTHERAPY MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 86
TABLE 74 ROW: CRYOTHERAPY MARKET FOR SURGICAL APPLICATIONS, BY TYPE 2017–2024 (USD MILLION) 86
TABLE 75 ROW: CRYOTHERAPY MARKET, BY END USER, 2017–2024 (USD MILLION) 87
TABLE 76 PRODUCT APPROVALS (2016–2019) 92
TABLE 77 PRODUCT LAUNCHES & DEPLOYMENTS (2016–2019) 92
TABLE 78 PARTNERSHIPS AND COLLABORATIONS (2016–2019) 93