Meticulous Research® has introduced a new report titled ‘ Cryotherapy Market Size, Share, Forecast, & Trends Analysis by Device (Probe, Consoles, Saunas, Chamber, Facial Roller, Sticks), Substance (Liquid Nitrogen, Carbon Dioxide, Argon) Type (Partial, Whole Body) Application, End User - Global Forecast to 2031.’

According to the report, the cryotherapy market is projected to reach $1.14 billion by 2031, with a CAGR of 11.9% during the forecast period. This anticipated growth is supported by rising demand for non-invasive procedures, advancements in cryotherapy technology, an increase in chronic diseases and cancer, growing adoption of cosmetic treatments, and expansion in the beauty and healthcare industries. The market is also benefiting from an increase in sports injuries. Nonetheless, limited access to cryotherapy is a significant challenge.

The report identifies several growth opportunities, including expanding uses of cryotherapy for inflammation and weight management, and immune modulation. Key challenges include the high cost of cryotherapy, potential side effects from extreme cold temperatures, and a general lack of awareness. Trends in the market include personalized cryotherapy, its application in improving sleep, its use in treating animals, and the increasing popularity of whole-body cryotherapy (WBC).

Key Players: Notable players in the cryotherapy market include Medtronic plc (Ireland), Boston Scientific Corporation (U.S.), The Cooper Companies, Inc. (U.S.), Impact Cryotherapy (U.S.), Zimmer MedizinSysteme GmbH (Germany), METRUM CRYOFLEX Sp. z.o.o. (Poland), Brymill Cryogenics Systems (U.K.), Erbe Elektromedizin GmbH (Germany), CryoConcepts LP (U.S.), US Cryotherapy (U.S.), MECOTEC GmbH (Germany), and Cortex Technology (India).

Market Segmentation and Forecast: The market is segmented based on Therapy Type (Whole-body Cryotherapy, Partial-body Cryotherapy, Ice Pack Therapy, Instant Ice Pack Therapy, Internal Cryotherapy), Device Type (Cryosurgery Devices, Whole-body Cryo Devices, Localized Cryotherapy Devices, Facial Cryotherapy Devices, Cryo Lipolysis Devices, and Other Cryotherapy Devices), Substance (Liquid Nitrogen, Carbon Dioxide, Argon, Liquid Nitrous Oxide), Application (Surgical Applications, Sports, Health and Beauty, Pain Management), and End User (Hospitals and Clinics, Fitness Centers and Sports Clubs, Other End Users).

The whole-body cryotherapy segment is expected to command a 40.9% market share in 2024, due to its effectiveness in muscle recovery and pain reduction. The cryosurgery devices segment is forecasted to hold a 38.9% share, attributed to the widespread use of cryoprobes and cryoconsoles. The surgical applications segment is anticipated to lead the market, given cryotherapy’s expanding use in surgery and its cost-effectiveness.

Geographic Analysis: The report provides a detailed analysis of major regions including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. North America is projected to dominate with a market share of 41.6% in 2024, driven by high cancer prevalence, significant healthcare expenditure, and widespread adoption of cryotherapy.

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Key Questions Answered in the Report:

• Which are the high-growth market segments in terms of therapy type, device type, substance involved, application, end user, and region/country?
• What is the historical market size for cryotherapy products across the globe?
• What are the market forecasts and estimates for 2024–2031?
• What are the major drivers, restraints, opportunities, and challenges in the global cryotherapy market?
• Who are the major players operating in the global cryotherapy market?
• What is the competitive landscape like, and who are the market leaders in the global cryotherapy market?
• What are the recent developments in the cryotherapy market?
• What are the various strategies adopted by major players in the cryotherapy market?
• What are the geographical trends and high-growth regions/countries?

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