Cryotherapy and Cryosurgery Market Research Report Information By Type (Ice Pack Therapy, Instant Ice Pack Therapy, Whole Body Cryotherapy, Partial Body Cryotherapy, and Internal Cryotherapy), By Device Type (Cryogun, Cryo Chambers, Gas Cylinders, Cryo Probes, Cryosaunas, and Thermocouple Devices), By Application (Dermatology, Oncology, Pain Management, Trigeminal neuralgia, and Cardiology), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

Global Cryotherapy and Cryosurgery Market Overview

Cryotherapy and Cryosurgery Market Size was valued at USD 0.35 billion in 2022. The cryotherapy and cryosurgery market industry is projected to grow from USD 0.37415 Billion in 2023 to USD 0.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period (2023 - 2032). In the upcoming years, it is projected that increasing skin cancer rates and widespread knowledge of cryotherapy's advantages for wellness and attractiveness are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Vessi Medical, a firm that specializes in cryotherapy technology for non-muscle-invasive bladder cancer (NMIBC), announced the close of a $16.5m round of Series A funding in February 2024. With a special spray that works on hollow and moist organs, the company offers an unconventional approach to NMIBC, which is a type of cancer that affects only the surface layer of the bladder.

Pause Studio has partnered with Hyperice, the global wellness brand focusing on high performance, in November 2023. By so doing, Pause hopes to have this technology at hand to their clients from all over North America through its countless studios. This would allow advanced technological integration into Pause’s experience so as to ensure that they are able optimize Performance & recovery benefits.

In October 2023, HydroMassage disclosed plans for another addition – rebranding his organization “WellnessSpace Brands”. Wellness Space Brands claim that it has been in business for several decades, helping companies establish wellness spaces across continents with on-demand, tech-based, comprehensive body well-being solutions.

Cryotherapy and Cryosurgery Market Trends

• Growing Prevalence of Chronic Medical Conditions Worldwide to boost market growth

Globally, the prevalence of chronic medical problems is on the rise, which is one of the key reasons driving the market's development. The treatment of a variety of medical illnesses, benign and malignant tumors, tissue damage or lesions, and sports injuries is commonly known as whole-body cryotherapy (WBC). Also, the inclination for minimally invasive and non-invasive treatment methods among patients and healthcare professionals is fueling market expansion. Other growth-promoting elements include various technical developments, such as the creation of cryo chambers and cryo-saunas for the treatment of inflammation, rheumatoid arthritis, and chronic pain.

For instance, the article "Cryotherapy as a Treatment for Loss of Smell from Covid" was published in March 2022. Bastien, a spokesperson for the France-based cryotherapy center company Cryotera, mentioned that the extreme cold treatment is increasingly being studied due to its health benefits and that it may help restore a sense of smell after Covid-19. As a result, it is anticipated that the pandemic will contribute to the expansion of the cryotherapy industry.

However, the market is being driven primarily by factors including expanding demand for less invasive procedures, technical improvements in cryotherapy equipment, and rising applications of cryosurgery is another factor driving the growth of the cryotherapy and cryosurgery market revenue.

Cryotherapy and Cryosurgery Market Segment Insights

Cryotherapy and Cryosurgery Type Insights

The Cryotherapy and Cryosurgery Market segmentation, based on type, includes ice pack therapy, instant ice pack therapy, whole body cryotherapy, partial body cryotherapy, and internal cryotherapy. In 2022, the whole body cryosurgery market category held the largest market share, accounting for more than 55.00% of the Cryotherapy and Cryosurgery Market revenue. The increased demand for surgical operations throughout the world is to blame for this. This approach has less side effects than more conventional methods, which enables a quicker recovery. Instant ice pack therapy is anticipated to have the quickest growth due to an expansion in the use of instant ice pack therapy in a variety of industries, including beauty & wellness, fitness, and others.

 For instance, Data from the Centers for Disease Control and Prevention show (CDC), 2019 has seen 224,733 new cases and 31,636 fatalities from prostate cancer in the US. Also, it is projected that advancements in medical technology would promote cryosurgery use and support this market's revenue growth in the years to come.

 May 2022: One of the quickly growing recovery and wellness companies, iCRYO, announced its plan to construct two more regional offices in Loveland, Colorado, and Dallas, Texas, to support the swift expansion and growth of cryotherapy & recovery services. 

Cryotherapy and Cryosurgery Device Type Insights

The Cryotherapy and Cryosurgery Market segmentation, based on device type, includes cryogun, cryo chambers, gas cylinders, cryo probes, cryosaunas, and thermocouple devices. The cryogun industry is predicted to provide a sizeable amount of the revenue over the course of the forecast term. Cryogun is one of the most well-liked and effective procedures for treating localized lesions and skin problems, including malignancies, using cryotherapy. Cryochamber is expected to grow at the fastest CAGR of more than 10% over the course of the forecast period due to the fact that more beauty salons and fitness centres are adopting it and there are more cryotherapy facilities available. All these factors are likely to drive the demand for cryotherapy and cryosurgery market growth.

Cryotherapy and Cryosurgery Application Insights

The Cryotherapy and Cryosurgery Market data has been bifurcated by surgery into dermatology, oncology, pain management, trigeminal neuralgia, and cardiology. In terms of revenue, the oncology category dominated the worldwide cryotherapy market in 2022. In order to freeze dangerous cells and benign tumors that might eventually develop malignant, cryotherapy uses extremely cold temperatures. Healthcare professionals typically utilize cryogen (liquid nitrogen or argon gas) to freeze patients. In 2022, the pain management market had a largest revenue share. Cryotherapy has been shown to have analgesic effects, which slow down the pain's passage from the nerves to the brain and give the user momentary comfort.

Febraury 2021: Leading supplier of proactive wellness services Restoration Hyper Wellness said that it will reach a record USD 32 million in 2020 and perform its one millionth wellness service. Restore Hyper Wellness exceeded its pre-pandemic objective of 25% and increased its retail reach while achieving a 141% year-over-year gain in revenue and a 33% year-over-year growth in sales. This approval has further broadened the growth opportunity for the cryotherapy and cryosurgery industry.

Figure 2: Cryotherapy and Cryosurgery Market, by Application, 2022 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cryotherapy and Cryosurgery Regional Insights

By Region, the study provides the Cryotherapy and Cryosurgery market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Cryotherapy and Cryosurgery market accounted for USD 0.1603 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed because of the high levels of disposable income, established healthcare infrastructure, and high per capita healthcare spending across the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: GLOBAL CRYOTHERAPY AND CRYOSURGERGY MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe cryotherapy and cryosurgery market accounts for the second-largest market share due to the rapid progress of technology and the rising number of research projects highlighting the therapeutic potential of cryotherapy treatments for treating various illnesses. Further, the Germany cryotherapy and cryosurgery market held the largest market share, and the UK cryotherapy and cryosurgery market was the fastest growing market in the European region

The Asia-Pacific Cryotherapy and Cryosurgery Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increase in the usage of cryotherapy as more people utilize it for cosmetic goals such eradicating warts, deep spots, and precancerous moles, as well as preserving skin quality. Moreover, China cryotherapy and cryosurgery market held the largest market share, and the India cryotherapy and cryosurgery market was the fastest growing market in the Asia-Pacific region

For instance, Pregna International Ltd, an Indian company that offers contraceptive treatments, has created a carbon dioxide-based cryotherapy device to treat lesions created by the human papillomavirus infection that eventually leads to cervical cancer. This product, marketed as CryoPop, employs CO2 instead of nitrous oxide as the cryogen, greatly reducing treatment costs while also enhancing its durability and lowering disease-related death rates.

Cryotherapy and Cryosurgery Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the cryotherapy and cryosurgery market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the cryotherapy and cryosurgery industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global cryotherapy and cryosurgery industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, cryotherapy and cryosurgery industry has provided medicine with some of the most significant benefits. The cryotherapy and cryosurgery market major player such as Cryotherapy (US), Galil Medical Inc. (US), KryoLife Inc (US), Medtronic (Republic of Ireland), and others are working to expand the market demand by investing in research and development activities.

Medtronic Inc. (Ireland) is a global healthcare solutions company committed to improving the lives of people through medical technologies, services, and solutions. With Covidien, the company has accelerated and advanced its ability to create meaningful innovations for hospitals, health systems, and healthcare providers to deliver the best care possible to patients and their families worldwide. For Instance, in February 2021, In order to streamline the selling of Philips products for cryoablation therapies for the cutting-edge treatment of paroxysmal atrial fibrillation (PAF), a common cardiac rhythm disorder, Medtronic collaborated with Philips (Netherlands).

Also, KryoLife Inc is a company that specializes in cryotherapy services, which involve exposing the body to extreme cold temperatures for several minutes to promote healing and wellness.  KryoLife offers a variety of cryotherapy treatments, including whole-body cryotherapy, localized cryotherapy, and cryofacials. In July 2021, A subsidiary of Baxter International, Inc. a leading cardiac and vascular surgical firm with a focus on aortic illness, has purchased the PerClot product line from KryoLife, Inc. (NYSE: CRY), for up to $60.8 million in cash.

Key Companies in the cryotherapy and cryosurgery market includes

• Cryotherapy (US)


• Galil Medical Inc. (US)


• KryoLife Inc (US)


• Medtronic (Republic of Ireland)


• GRAND Cryo LLC (Russia)


• Erbe USA


• Incorporated, among others

Cryotherapy and Cryosurgery Industry Developments

May 2022: Four ground-breaking cryogenic procedures were offered by the wellness centre Bulgari SPA London, which is open to both men and women. The Cryotherapy Sports Massage focuses on particular locations to reduce pain and inflammation and hasten the healing process after injuries.

April 2022: IceCure Medical Ltd. held three key ProSense System events during the European Conference on Interventional Oncology (ECIO) in Vienna, Austria. The ProSense System, a minimally invasive cryoablation technique developed by IceCure Medical Ltd., employs freezing to kill tumours as an alternative to surgical tumour removal.

Cryotherapy and Cryosurgery Market Segmentation

Cryotherapy and Cryosurgery Type Outlook

• Ice Pack Therapy


• Instant Ice Pack Therapy


• Whole Body Cryotherapy


• Partial Body Cryotherapy


• Internal Cryotherapy

Cryotherapy and Cryosurgery Device Type Outlook

• Cryogun


• Cryo Chambers


• Gas Cylinders


• Cryo Probes


• Cryosaunas


• Thermocouple Devices

Cryotherapy and Cryosurgery Application Outlook

• Dermatology


• Oncology


• Pain Management


• Trigeminal Neuralgia


• Cardiology

Cryotherapy and Cryosurgery Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America