Cryotherapy Market Stand Out as the Biggest Contributor to Global Growth 2019-2026 | CryoConcepts LP, Wallach Surgical Devices, CooperSurgical, Cryoalfa, Medtronic PLC, US Cryotherapy

Cryotherapy is an alternative tumor treatment option, usually preferred in cases wherein removal of tumor using conventional surgery is not effective. Cryotherapy is also utilized in treating skin disorders, for anti-aging, muscle pain and recovery, and for muscle-related injuries. Cryotherapies are broadly classified as localized/surgical cryotherapy or cryosurgery and whole-body cryotherapy. Cryosurgery is used for treatment of skin conditions, cancer, and pain. Whole body cryotherapy (WBC) find applications in health and fitness, generally performed opted for by athletes and film personalities. Liquid nitrogen cooled sauna or cryotherapy chamber (exposed to fresh oxygenated cooled air) are some of the more non-conventional techniques employed in WBC. Cryotherapy chambers are usually preferred by cryotherapy centers or at home-facilities. Cryo-guns, cryo probes and gas cylinders are mainly used in hospitals and clinics for major cryotherapy procedures.

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Market Dynamics
The global cryotherapy market growth is expected to be mainly driven by increasing incidence of cancer and high prevalence of skin disorders. According to WCRF International, 1.1 million new cases of prostate cancer among men were diagnosed in 2012. Incidence rates are especially high in Australia, New Zealand, North America, and in Western and Northern European countries.
Moreover, the global cryotherapy market is characterized by varied end users such as hospitals, cryotherapy centers, fitness centers, and specialty clinics. Use of cryotherapy as a mode of alleviating muscular pain is increasing rapidly with the advent of cryotherapy chambers. Exposure to fresh oxygenated cooled air rather than liquid nitrogen, which poses threat to life if exposed for long time, is driving attention for cryotherapy chambers among consumers intending to reduce pain by cryotherapy. Although, treatment has been beneficial in many cancer cases, more studies are required to establish safety and effectiveness as opposed to chemotherapy, surgery, and radiation therapy.

Cryotherapy Market on High Growth Trajectory on Back of Increasing Incidence of Cancer
According to the World Health Organization (WHO), cancer is the second leading cause of death worldwide. Around14 million new cases of cancer were diagnosed in 2012, with around 8.8 million fatalities associated with it in 2015. According to the World Cancer Research Fund (WCRF) International, 1.1 million new case of prostate cancer cases were diagnosed in 2012, of which 88% were in the developed countries including France, Australia, the U.S., New Zealand, and Switzerland. Surgery, radiotherapy, and chemotherapy are the current treatment options for cancer. Demand for non-invasive and targeted therapies is high, leading to the advent of nano-technology. This is also expected to boost growth of the cryotherapy market in near future.

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Cryotherapy Market to Gain Further Traction in Developed Economies
Major players operating in the global cryotherapy market include CryoConcepts LP, Wallach Surgical Devices, CooperSurgical, Inc., Cryoalfa, Medtronic PLC, US Cryotherapy, Metrum Cryoflex, Brymill Cryogenic Systems, and Galil Medical, Inc. High healthcare expenditure in developed economies of North America and Europe is responsible for a higher demand for cryotherapy in these regions.

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