Why is the cryotherapy market such a trending topic this decade?

cryotherapy market

cryotherapy market

According to a new report by Allied Market Research, titled “Cryotherapy Market by Product, Application and End-User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global cryotherapy market was valued at and is worth US$213 million in 2020 also is projected to reach US$392 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030.

โ™ฆ ๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:

Major Key Market Participants –

effect cryotherapy,
Cooper Company (Coopersurgical),
brymill cryosystems,
cryosystem life,
Heritage Electromedicine GmbH,
meter cryoflex,
Medtronic Plc,
US cryotherapy,
Cryoconcepts LP and
Zimmer Medical Systems Ltd.

Covid-19 scenario:

During the Covid-19 pandemic, the governments of various countries have imposed restrictions and bans on multiple medical procedures and elective surgeries. This reduced cryotherapy procedures and the demand for cryotherapy equipment.
In addition, cryotherapy equipment manufacturers face issues such as in-person product demonstrations, running production at their facilities at full capacity, and organizing conferences. This leads to reduced sales volumes.

On the basis of product, the Cryosurgical Devices segment is the largest contributor to revenue and is anticipated to rise at a considerable rate during the forecast period. Important factors such as the increasing number of minor surgeries and rising consumer health concerns are expected to fuel the market growth. Also, it offers several advantages over traditional surgery, including smaller incisions, shorter hospital stays, faster wound healing, less pain and fewer complications, which are driving the market growth.

โ™ฆ ๐…๐จ๐ซ ๐…๐จ๐ซ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ:

From the end-user perspective, the Hospitals & Clinics sector has been a major contributor to revenue and is expected to grow significantly during the forecast period owing to the large customer base, rise in medical costs, increase in the number of diseases and the presence of a supportive management system. In addition, increasing geriatric population, urbanization and industrialization, rising per capita income, and heavy investment in R&D programs to develop cryotherapy equipment or devices are driving the market growth.

The overall impact of COVID-19 remains negative on the cryotherapy market as the number of cryotherapies decreases. This therapy requires the routine use of reusable therapy devices for treatment that can become infected with the SARS-COV-2 virus. In addition, dermatologists often use cryotherapy in high-risk areas, such as the B. nasal, perioral. This increases the risk of disease transmission when coronavirus particles are more likely to be aerosolized. This increases the risk of disease transmission. In addition, policies issued by governments to provide surgical and therapeutic services to patients in need of urgent care and to postpone other therapies and surgeries when they are not urgent have led to a drop in demand for cryotherapy products.

โ™ฆ ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง:

In 2020, North America accounted for the largest share of the cryotherapy market owing to the increase in the geriatric population, the surge in R&D investment in the development of cryotherapy devices and devices for various chronic diseases, and supportive government initiatives to increase healthcare spending, which are major factors driving the Driving Cryotherapy Market Growth.

โ™ฆ Check out the trend report here –

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About us –

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market space.

Pawan Kumar, the CEO of Allied Market Research, leads the organization to provide quality data and insights. We are in professional company relationships with various research data tables and confirm highest accuracy in our market forecasts. Every single US company and this helps us unearth market data that help us generate accurate y data presented in the reports we publish and is extracted through primary interviews with top officials of leading companies in the field in question. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable professionals and analysts in the industry.

This version was published on openPR.


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