Cryotherapy Devices Market: Market Growth, Size, Share, Trends, Key Players, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024

Cryotherapy Devices Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024

All inclusive cryotherapy gadgets advertise is mostly determined by developing utilization of cryotherapy in treating different sorts of disease and musculoskeletal conditions, for example, joint pain, rheumatic conditions and fibromyalgia. Likewise, increment in use of cryotherapy gadgets in dermatology for magnificence medications is relied upon to support the cryotherapy gadgets advertise. Moreover, cryotherapy conveys constrained reactions and subsequently encourages quicker recuperation contrasted with customary methods. In any case, some basic symptoms incorporate erythema, torment and hypopigmentation and lower viability of the treatment are the central point anticipated that would prevent the cryotherapy gadgets showcase development.

 

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Global cryotherapy devices market is segmented based on type of device, application and end-user

 

Based on type of device, cryotherapy devices market is segmented into

  • Cryogun
  • Cryoprobes
  • Gas cylinders
  • Others

 

Based on application, cryotherapy devices market is segmented into

  • Oncology
  • Cardiology
  • Dermatology
  • Pain management
  • Others

 

Based on end-user, cryotherapy devices market is segmented into

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

 

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Cryotherapy devises market expected to have lucrative growth rate during forecast period owing to increase in demand for treatment options for various types of cancer. As per World Health Organisation (WHO), cancer mortality in the developing countries is expected to reach 6.7 Mn by 2015. Similarly, American Cancer Socity estimates that about 12,280 new invasive cervical cancer will be diagnosed in 2017. This suggests that there is huge demand exists for cancer therapy options across the globe. Market players are focusing on advanced product designing and development to strengthen their product to enhance their sales revenue in cryotherapy devices market. For instance, in October 2015, Galil Medical  launched two cryoablation (killing of cancer cells with extreme cold) products, IcePearl 2.1 CX and IceFORCE 2.1 CX Cryoablation Needles.

 

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Geographically cryotherapy devices market segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to show notable growth owing to well-developed healthcare sector with latest technologies. In addition, trained healthcare professionals, and favourable reimbursement policies are also contributing to the growth of cryotherapy devices market in these regions. Asia-Pacific is expected to show fastest growth rate due to untapped opportunities, high patient cognizance of cryosurgery in cancer and skin treatments coupled with the rapidly developing healthcare infrastructure in the emerging Asia-Pacific countries. In addition fewer adverse effects, reduced cost of the procedures, and increase in accessibility of the cryotherapy treatment in Asia-Pacific region is expected to contribute toward the growth of the sector.

 

Some of the players in cryotherapy devices market are Cynosure, Inc.(US), MICHELSON DIAGNOSTIC (UK), Cryonic Medical (France), ZAMAR CARE (Croatia), Zimmer Medizin Systeme GmbH (Germany), MECOTEC GmbH (Germany) and Hakomed Italia (Italy) to name a few.

 

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