Cryotherapy Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Gels, Sprays, Cold Packs, Roll-Ons, Cold Patch), By Application (Runner’s Knee, Tendonitis, Sprains, Arthritis Pain, Other) And By Geography - Forecasts From 2020 To 2025

Published:  Nov 2022 Report Code: KSI061611910 Pages: 114

The cryotherapy market is expected to grow at a CAGR of 5.61% over the forecast period to reach US$5.154 billion by 2027 from US$3.517 billion in 2020. Cryotherapy or ice application refers to a treatment process that involves the usage of extremely cold liquid or instrument for freezing and removal of abnormal tissues. The therapy is used for pain relief and quick muscle recovery in sports injuries, and also it is used in the skin as well as various cancer treatments. Cryotherapy’s high-performance benefits are what drive its demand in the market, moreover, various medical centers have introduced cryotherapy services and launched new devices in this field to cater to various medical needs of the people. For, instance, in February 2021, SLG Hospital in Hyderabad launched advanced physiotherapy and cryotherapy services which aims to provide specialized treatment for sports injuries and also port-operation pain management. Furthermore, in October 2022, PENTAX Medical launched the C2 CryoBallon Ablation System in Canada for the treatment of people suffering from Barrett’s esophagus which can also develop into esophageal cancer. Such establishments and innovative product launches have taken the cryotherapy market in a new direction, thereby improving its market growth during the forecast period.

Based on therapy type, the cryotherapy market is segmented as ice pack therapy, cold immersion, whole body, and partial body therapy. Ice pack therapy is expected to grow at a relatively higher rate during the forecast period of the cryotherapy market. Ice pack therapy uses a straightforward method where an ice pack is applied to the injured part which brings instant pain alleviation. Ice pack therapy unlike whole or partial body therapy has greater affordability owing to which it has high applicability in the treatment of sports injuries. With the rapid growth of the sports sector, the scale of injuries caused by sports activities is also expected to increase, thereby providing a positive outlook to the demand for ice pack therapy in the future, which will propel the overall cryotherapy market growth.

The growing number of sports injuries is expected to create a surge in the demand for cryotherapy.

Cryotherapy is considered a beneficial treatment for sports injuries as it reduces muscle inflammation and swelling, thereby enhancing recovery time. Muscle imbalances, poor training, and deficit core stability have increased the number of sports-related injuries over the years. For instance, according to the National Safety Council analysis, in 2021, basketball-related injuries in the US saw an increase of 21%, whereas soccer-related injuries saw a 77% increase in comparison to 2020. Furthermore, according to the Australian Institute of Health and Welfare, in 2019, roller sports-related injuries in Australia saw an increase of 21.5% in comparison to 2018. Such an increase in sports injuries is expected to increase the demand for cryotherapy thereby, boosting its market growth during the forecast period.

Recent development and expansion

  • In July 2022, The Spa Butler entered into a strategic collaboration with American Cyro for the distribution of American Cyro’s smart cryotherapy product namely “Subzero”, which will have high applicability in physical therapy, spot elimination, and wrinkle reduction.
  • In January 2022, Suzhou MicroPort RehabTech Co. Ltd launched TherMotion™ Cryo-Thermo Compression Device, and TherMotion™ Cryotherapy Compression Brace which are designed to provide sports injury & orthopedic post-operative rehabilitation, and functional recovery from chronic disease.
  • In January 2021, Pregna International Ltd launched a cryotherapy device namely “CryoPop”, which the company has developed to increase access to cervical pre-cancerous lesions treatment to women in India.
  • US-based aesthetic equipment manufacturer Zemits, in March 2020 announced the launch of its CoolRestore cryotherapy device in the UK market. The device comes with two treatment modes, “Smart mode” and “cryo mode” which provide fat and adipocyte elimination.

Covid 19

The OVID-19 pandemic led to a global lockdown and restrictions were imposed on public movement, and trade among other activities. Various sectors took a massive on their activities due to the pandemic, the medical sector though showed significant growth owing to the growing demand and need for diagnostic and treatment equipment, however, movement restrictions led to fewer cases of consumer-related injuries being reported. For instance, according to the US Consumer Product Safety Commission (CPSC), the number of recreational and sports injuries reported in 2020 saw a decrease of 27% owing to the pandemic restrictions. Furthermore, Canadian Institute for Health Information reported a drop in the number of injury hospitalization from April 2022 to March 2021, owing to the rapid increase in OCVID cases. With the decrease in injury prevalence, the demand and scope of usage of cryotherapy also decreased during the COVID period which negatively impacted the market growth of cryotherapy. However, with the government showing ease in COVID restrictions, the usage of cryotherapy devices is projected to show a steady increase in its demand during the forecast period, thereby providing a positive outlook to its market.

Cryotherapy Market Scope:

Report Metric Details
 Growth Rate  CAGR of 8.87% during the forecast period
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Product, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Medtronic, Impact Cryotherapy, Zimmer MedizinSysteme GmbH, Brymill Cryogenic Systems., Metrum Cryoflex, BTG International Ltd, CooperSurgical Inc., Cryoconcepts., Kriosystem Life & Care, Erbe Elektromedizin GmbH
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Therapy Type
    • Ice Pack Therapy
    • Cold Immersion
    • Whole Body Therapy
    • Partial Body Therapy
  • By Machine Type
    • Sauna
    • Chamber
    • Localized Unit
  • By Chemical
    • Liquid Nitrogen
    • Argon Gas
    • Liquid Nitrous Oxide
  • By Application
    • Sports Injuries
    • Cryoablation
  • By End-User
    • Hospitals & Clinics
    • Fitness & Sports Clubs
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • United Arab Emirates
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Indonesia
      • Thailand
      • Taiwan
      • Others

  • Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for cryotherapy market?
A1. The global cryotherapy market is projected to grow at a CAGR of 8.87% during the forecast period.
 
Q2. Who are the major players in the cryotherapy market?
A2. Major industry players profiled as part of the cryotherapy market report are Medtronic, Impact Cryotherapy, Zimmer MedizinSysteme GmbH, Brymill Cryogenic Systems., Metrum Cryoflex, and BTG International Ltd among others.
 
Q3. How is the global cryotherapy market segmented?
A3. The cryotherapy market has been segmented based on product, application, and geography.
 
Q4. What factors are anticipated to drive the cryotherapy market growth?
A4. Rising incidences of sports injuries, rising trend of gym activities, growing hid & knee replacement surgeries worldwide and rising trend of self-care is driving the growth of the global cryotherapy market.
 
Q5. What is the base year considered in the cryotherapy market report?
A5. 2018 has been taken as the base year in the cryotherapy market.

1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. CRYOTHERAPY MARKET, BY THERAPY TYPE

5.1. Introduction

5.2. Ice Pack Therapy

5.3. Cold Immersion

5.4. Whole Body Therapy

5.5. Partial Body Therapy

 

6. CRYOTHERAPY MARKET, BY MACHINE TYPE

6.1. Introduction

6.2. Sauna

6.3. Chamber

6.4. Localized Unit

 

7. CRYOTHERAPY MARKET, BY CHEMICAL

7.1. Introduction

7.2. Liquid Nitrogen 

7.3. Argon Gas

7.4. Liquid Nitrous Oxide

 

8. CRYOTHERAPY MARKET, BY APPLICATION

8.1. Introduction

8.2. Sports Injuries

8.3. Cryoablation

 

9. CRYOTHERAPY MARKET, BY END-USER

9.1. Introduction

9.2. Hospitals & Clinics

9.3. Fitness and Sports Centre

 

10. CRYOTHERAPY MARKET, BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. Germany

10.4.2. France

10.4.3. United Kingdom

10.4.4. Italy

10.4.5. Spain

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. Israel

10.5.3. United Arab Emirates

10.5.4. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. Japan

10.6.3. South Korea

10.6.4. India

10.6.5. Australia

10.6.6. Indonesia

10.6.7. Thailand

10.6.8. Taiwan

10.6.9. Others

 

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Emerging Players and Market Lucrativeness

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Vendor Competitiveness Matrix

 

12. COMPANY PROFILES

12.1. Medtronic

12.2. Impact Cryotherapy

12.3. Zimmer MedizinSysteme GmbH

12.4. Brymill Cryogenic System.

12.5. Metrum Cyroflex

12.6. CooperSurgical Inc

12.7. CryoConcept LP

12.8. Erbe Elektromedizin GmbH

12.9. Healthcare Technologies

12.10. US Cryotherapy

Medtronic

Impact Cryotherapy

Zimmer MedizinSysteme GmbH

Brymill Cryogenic System

Metrum Cyroflex

CooperSurgical Inc

CryoConcept LP

Erbe Elektromedizin GmbH

Healthcare Technologies

US Cryotherapy

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us