Transparency Market Research in its new report titled, “Cryotherapy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026, ” provides key insights on the cryotherapy market. The new report anticipates that the rising demand for minimally invasive procedures and increasing incidences of cardiac disorders and cancer will drive the cryotherapy market during the forecast period i. e, 2018-2026. Technological advancements in cryotherapy equipment is also a key factor bolstering the growth of this Market. The growing popularity of wellness, beauty, and fitness Industries is one of the main reasons behind the rising demand for cryotherapy market, says the report.
The report has segmented the cryotherapy market based on application, form and geography. In terms of application, the cryotherapy market is split into pain management, surgical application, recovery, health and beauty. Of these, the surgical application segment is expected to grow at the fastest CAGR. Growing incidences of cardiac disorders as well as cancer among the people today all over the world is anticipated to be driving factor behind this segment’s growth.
In terms of regional perspective, the global cryotherapy market is segmented into Asia Pacific, Latin America, the Middle East and Africa, Europe, and South America. Among these, Asia Pacific is expanding at the fastest pace owing to rapidly growing geriatric population, several positive health care reform since the government, and the booming medical tourism industry.
The increasing incidences of cancer in countries such as India is also predicted to help the market to grow in the forecast period. The growing application of cryosurgery for the treatment of prostate cancer in countries such as Australia New Zealand will drive the market, says the TMR analyst.
North America market for cryotherapy is leading in growing number of surgical procedures carried out in the region. The rapid increase in the product launches in North America as well as expansion of product indication are some of the factors helping the market for cryotherapy to grow in the region. The regional market is also flourishing owing to the presence of several established players as well as the emergence of various local players.
The global cryotherapy market is fragmented with many large as well as local players. Some of the major players operating within the cryotherapy market across the globe are included in this report to give a better competitive analysis and these are CryoConcepts LP, Metrum Cryoflex, Brymill Cryogenic Systems, CooperSurgical, Inc. , Cryoalfa, CORTEX TECHNOLOGY, Erbe Elektromedizin, GmbH, Mectronic Medicale, Galil Medical, Inc. , S. r. l, Medtronic, Sanarus, PHYSIOMED ELEKTROMEDIZIN, AG, Special Medical Technology Co. , Ltd. , Zimmer MedizinSystems, and Wallach Surgical Devices.
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