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Cryotherapy Market Analysis By Therapy Type (Cryosurgery, Icepack Therapy, Chamber Therapy), By Device Type (Cryoguns, Cryo Probes, Gas Cylinders, Cryo Chambers, Gas Pressure Gauges, Thermocouple Devices), By Application Type (Oncology, Cardiology, Dermatology, Pain Management, Ophthalmology, Gynecology), And Segment Forecasts To 2024

Published: Oct, 2016 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global cryotherapy market was valued at USD 2.5 billion in 2015 and is expected to reach a value of USD 5.6 billion by 2024. This growth is majorly attributed to the rising demand for minimally invasive procedures and the surging prevalence of skin, retinoblastoma, prostate, and cervical cancer, and others. Minimally invasive cryosurgery provides various advantages over conventional surgery such as less pain, fewer scars and complications, and shorter hospital stay.

Cryosurgery is considered an advantageous option for inoperable patients or patients who are nonresponsive to treatment. Various cancer types including prostate, retinoblastoma, and cervical cancer are remediable with cryotherapy. According to the National Cancer Institute in the U.S., in 2013, over 14.1 million people were suffering from cancer. It is estimated that in 2016, more than 168,000 new cancer cases will be diagnosed in the U.S. Also, in 2013, more than 17,600 men in the U.S. were diagnosed with prostate cancer and it is estimated that this number will progressively grow in the near future. As a result of these cancer cases the market is expected to experience an upsurge.

Furthermore, in addition to the presence of untapped opportunities in the developing economies, such as China and India, the increasing investment in the healthcare sector is projected to propel the growth of this sector.

Further Key Findings From the Study Suggest:

The cryosurgery was the largest grossing segment in 2015 and is expected to maintain its position during the forecast period. The U.S. was a major contributor of this vertical. Innovation in surgical technologies and its rising demand in the developing economies will be a vital factor contributing to the sector growth

The cryogun segment is expected to lead this market in terms of revenue during the forecast period. The growth is attributed to its high use in therapy and product advancement. For instance, TrackerCam is an advanced cryogun device, which is equipped with an in-built camera, enabling physicians view the lesion area with greater clarity to perform accurate cryosurgical procedures

North America held over 35% of the market share of the global cryotherapy vertical in the year 2015. This region is projected to maintain its dominance throughout the forecast period. Well-developed healthcare infrastructure and availability of advanced technology and skilled professionals is anticipated to impel the demand for cryotherapy during the forecast period

The Asia Pacific region is projected to be the fastest growing regional market. Growing healthcare awareness in the fast emerging economies of India and China is mainly propelling the demand for cryotherapy products in the Asia Pacific region

This vertical involves several global as well as local players with some of the major participants being CryoConcepts LP, Brymill Cryogenic Systems, Metrum Cryoflex, CooperSurgical, Inc., CORTEX TECHNOLOGY, Cryoalfa, Erbe Elektromedizin, GmbH, Galil Medical, Inc., Mectronic Medicale, S.r.l, Medtronic, PHYSIOMED ELEKTROMEDIZIN, AG, Sanarus, Special Medical Technology Co., Ltd., Wallach Surgical Devices, and Zimmer MedizinSystems
 Table of Contents
Chapter 1. Methodology and Scope Chapter 2. Research Methodology 2.1. Research Scope & Assumptions 2.2. List of Data Sources Chapter 3. Executive Summary Chapter 4. Market Summary Chapter 5. Market Variables, Trends & Scope 5.1. Market Segmentation & Scope 5.2. Cryotherapy: Market dynamics 5.2.1. Market driver analysis 5.2.2. Market restraints analysis 5.3. Penetration & Growth Prospect Mapping 5.4. SWOT Analysis, By Factor 5.4.1. Political 5.4.2. Economic 5.4.3. Technological 5.5. Industry Analysis - Porter's Chapter 6. Market Categorization 1: Therapy Type Estimates & Trend Analysis 6.1. Cryotherapy Type Movement Analysis & Market Share, 2015 & 2024 6.2. Market Size & Forecasts and Trend Analysis, 2013 to 2024 for the following product: 6.2.1. Cryosurgery 6.2.2. Icepack therapy 6.2.3. Chamber therapy Chapter 7. Market Categorization 2: By Device Type, Estimates & Trend Analysis 7.1. Cryotherapy Device Type Movement Analysis & Market Share, 2015 & 2024 7.2. Market Size & Forecasts and Trend Analysis, 2013 to 2024 for the following product: 7.2.1. Cryogun 7.2.2. Cryo probes 7.2.3. Gas cylinders 7.2.4. Others (Cryo chambers, gas pressure gauge, and thermocouple device) Chapter 8. Market Categorization 3: By application, Estimates & Trend Analysis 8.1. Cryotherapy Application Movement Analysis & Market Share, 2015 & 2024 8.2. Market Size & Forecasts and Trend Analysis, 2013 to 2024 for the following product: 8.2.1. Oncology 8.2.2. Cardiology 8.2.3. Dermatology 8.2.4. Pain management 8.2.5. Others (Ophthalmology and gynecology) Chapter 9. Market Categorization 4: Regional Estimates & Trend Analysis 9.1. Regional Movement Analysis & Market Share, 2015 & 2024 9.2. Market Size & Forecasts and Trend Analysis, 2013 to 2024 for the following region 9.3. North America 9.3.1. U.S. 9.3.2. Canada 9.4. Europe 9.4.1. Germany 9.4.2. UK 9.5. Asia Pacific 9.5.1. Japan 9.5.2. China 9.5.3. India 9.6. Latin America 9.6.1. Brazil 9.6.2. Mexico 9.7. MEA 9.7.1. South Africa Chapter 10. Competitive Landscape 10.1. Strategy Framework 10.2. Company Profiles 10.3. CryoConcepts LP 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Product Benchmarking 10.3.4. Strategic Initiatives 10.4. Medtronic 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Product Benchmarking 10.4.4. Strategic Initiatives 10.5. Mectronic Medicale s.r.l. 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Product Benchmarking 10.5.4. Strategic Initiatives 10.6. Wallach Surgical Devices 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Product Benchmarking 10.6.4. Strategic Initiatives 10.7. Brymill Cryogenic Systems 10.7.1. Company Overview 10.7.2. Financial Performance 10.7.3. Product Benchmarking 10.7.4. Strategic Initiatives 10.8. CooperSurgical, Inc. 10.8.1. Company Overview 10.8.2. Financial Performance 10.8.3. Product Benchmarking 10.8.4. Strategic Initiatives 10.9. Cortex Technology 10.9.1. Company Overview 10.9.2. Financial Performance 10.9.3. Product Benchmarking 10.9.4. Strategic Initiatives 10.10. Metrum Cryoflex 10.10.1. Company Overview 10.10.2. Financial Performance 10.10.3. Product Benchmarking 10.10.4. Strategic Initiatives 10.11. Cryoalfa 10.11.1. Company Overview 10.11.2. Financial Performance 10.11.3. Product Benchmarking 10.11.4. Strategic Initiatives 10.12. Erbe Elektromedizin GmbH 10.12.1. Company Overview 10.12.2. Financial Performance 10.12.3. Product Benchmarking 10.12.4. Strategic Initiatives 10.13. Galil Medical, Inc. 10.13.1. Company Overview 10.13.2. Financial Performance 10.13.3. Product Benchmarking 10.13.4. Strategic Initiatives 10.14. PHYSIOMED ELEKTROMEDIZIN AG 10.14.1. Company Overview 10.14.2. Financial Performance 10.14.3. Product Benchmarking 10.14.4. Strategic Initiatives 10.15. Sanarus 10.15.1. Company Overview 10.15.2. Financial Performance 10.15.3. Product Benchmarking 10.15.4. Strategic Initiatives 10.16. Special Medical Technology Co., Ltd. 10.16.1. Company Overview 10.16.2. Financial Performance 10.16.3. Product Benchmarking 10.16.4. Strategic Initiatives 10.17. Zimmer MedizinSystems 10.17.1. Company Overview 10.17.2. Financial Performance 10.17.3. Product Benchmarking 10.17.4. Strategic Initiatives
List of Tables
TABLE 1 Country share estimation TABLE 2 North America cryotherapy market, by country, 2013 - 2024 (USD Million) TABLE 3 North America cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 4 North America cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 5 North America cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 6 U.S. cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 7 U.S. cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 8 U.S. cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 9 Canada cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 10 Canada cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 11 Canada cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 12 Europe cryotherapy market, by country, 2013 - 2024 (USD Million) TABLE 13 Europe cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 14 Europe cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 15 Europe cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 16 Germany cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 17 Germany cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 18 Germany cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 19 UK cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 20 UK cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 21 UK cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 22 Asia Pacific cryotherapy market, by country, 2013 - 2024 (USD Million) TABLE 23 Asia Pacific cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 24 Asia Pacific cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 25 Asia Pacific cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 26 Japan cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 27 Japan cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 28 Japan cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 29 China cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 30 China cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 31 China cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 32 India cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 33 India cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 34 India cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 35 Latin America cryotherapy market, by country, 2013 - 2024 (USD Million) TABLE 36 Latin America cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 37 Latin America cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 38 Latin America cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 39 Brazil cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 40 Brazil cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 41 Brazil cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 42 Mexico cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 43 Mexico cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 44 Mexico cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 45 MEA cryotherapy market, by country, 2013 - 2024 (USD Million) TABLE 46 MEA cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 47 MEA cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 48 MEA cryotherapy market, by application type, 2013 - 2024 (USD Million) TABLE 49 South Africa cryotherapy market, by therapy type, 2013 - 2024 (USD Million) TABLE 50 South Africa cryotherapy market, by device type, 2013 - 2024 (USD Million) TABLE 51 South Africa cryotherapy market, by application type, 2013 - 2024 (USD Million)



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