Growing incidence of sports injuries and cancer, technological advancements in cryotherapy technology, the increasing demand for non-invasive and minimally invasive pain management procedures, a strategic emphasis on sports medicine and athlete recovery, and the widespread adoption of cryotherapy in the beauty and wellness industries are the primary market drivers.
Cryotherapy is a treatment procedure in which the body or certain body parts are exposed to cold temperatures for a short period of time. Cryotherapy has a variety of therapeutic effects, including vasoconstriction (blood vessel narrowing), reduced inflammation, pain reduction, and possible muscle repair advantages. Cryotherapy is utilized in a variety of applications, including sports medicine, physical therapy, dermatology, cancer, and wellness .
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Enhancements in Cryosurgery for Treating Cancers Boost the Cryotherapy Market Growth
Cryosurgery, which uses freezing temperatures, cures a variety of malignancies and non-cancerous disorders. It is frequently used to treat tiny tumors, particularly in cases when surgical intervention is difficult or undesirable. This approach is used in a variety of cancer types, including retinoblastoma, skin malignancies, early-stage prostate cancer, liver cancer, bone cancer, and non-small cell lung cancer. Furthermore, cryosurgery is beneficial in treating actinic keratoses, aberrant cervical cell alterations, and benign bone cancers.
The method involves freezing tissue using liquid nitrogen or argon gas, resulting in the death of specific cells. Researchers are currently investigating the combination of cryotherapy with other cancer therapies such as radiation therapy, chemotherapy, hormone therapy, and immunotherapy. This combination of medicines has the potential to increase the overall efficacy of cancer treatment and maybe improve outcomes. Furthermore, cryotherapy shows potential in providing palliative treatment for cancer patients by reducing symptoms and improving quality of life. For instance,
- In March 2023, ChemoMouthpiece has partnered with commercialisation services provider EVERSANA to develop and sell Chemo Mouthpiece, a cryotherapy device for cancer patients, in the United States.
Growing Adoption of Cryotherapy in the Sport, Medical, and Beauty Industry Drives the Cryotherapy Market
Modern technologies are propelling the revolutionary expansion of cryotherapy, which involves the application of extremely low temperatures in medical therapy, cosmetic operations, and the healing of sports injuries, among other applications. Modern cryotherapy technology, accurate temperature control, and enhanced safety measures all work together to provide a more convenient and effective cryotherapy procedure. Cryotherapy’s all-encompassing benefits, which include less inflammation, increased circulation, and better recuperation, appeal to people who are looking for holistic health solutions. Because of this, one may make considerable use of localized cryotherapy or whole-body cryotherapy solutions in a variety of applications, customizing the strategy to meet unique requirements.
Athletic Recovery and Performance Enhancement: Cryotherapy is particularly popular among sportsmen due to its numerous advantages. First and foremost, it aids in the speedier recovery after severe physical exertions. It also aids in muscle recovery, allowing an athlete to swiftly return to training. Second, cryotherapy lowers inflammation and discomfort, allowing tissues to recover quicker. Third, cryotherapy relaxes strained muscles and increases flexibility. All of these benefits assist an athlete stay motivated during the healing process. For example:
- The Bulgari Spa in London offers four innovative cryotherapy treatments for both men and women. The cryotherapy sports massage concentrates on particular regions to ease pain, reduce inflammation, and speed up recovery from injuries.
Stress Management and Mental Wellness: Extreme freezing temperatures during cryotherapy treatments are thought to cause the release of endorphins, which promotes a sensation of calm and relaxation. As people become more conscious of the link between physical and mental health, cryotherapy is being promoted as a comprehensive technique for achieving complete wellbeing.
Beauty and Anti-Aging Treatments: Whole-body cryotherapy is a widely regarded beauty and health treatment. Extreme cold is commonly employed in anti-ageing regimens because it boosts microcirculation and collagen formation, resulting in tighter, younger-looking skin. Cryotherapy is also an important part of weight-loss regimens since it boosts metabolism, browns white fat, and combats stress, allowing for an easier transition to a healthier lifestyle. The therapy provides several wellness advantages, such as more energy, better sleep, and enhanced physical and emotional well-being.
- In July 2022, The Spa Butler, a prominent cryotherapy industry participant, has announced intentions to develop a number of breakthrough health-related items. Among these is the America Cryo Subzero, a targeted skin chilling device that reaches subzero temperatures and provides cost-effective, convenient cryotherapy facials
Key Constraints of the Cryotherapy Market
The stringent regulatory policies for cryotherapy equipment, as well as the risks and side effects associated with cryotherapy treatments such as decreased heart rate, increased blood pressure, lowered respiration, skin burning, or frostbite, are expected to stymie its growth in the coming years.
North America Expected to Continue to Hold a Major Share in the Cryotherapy Market
Geographically, North America dominates the cryotherapy market. This can be ascribed mostly to the rising frequency of cancer and other skin illnesses, greater use of cryotherapy in cosmetic treatments, an increase in the incidence of sports injuries, and a growing awareness of less invasive cryotherapy procedures throughout the area. However, the Asia-Pacific area is likely to have rapid expansion in the next years as a result of increased cryosurgery use, technical advancements in cryotherapy equipment, and a growing desire for minimally invasive treatments in the region.
Competitive Landscape Analysis of the Cryotherapy Market
Some of the key players operating in the market are CryoConcepts, Impact Cryotherapy, Zimmer MedizinSysteme GmbH, Metrum Cryoflex, Cryo Manufacturing, Krion Cryo Solutions, Brymill Cryogenic Systems, Medtronic, Cortex Technology, Varian, IceCure Medical, Cryomed, and Boston Scientific Corporation, among others.
Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Cryotherapy Market
Players operating in this market are adopting organic and inorganic growth strategies such as launching new products, acquiring related firms, and entering into mergers & collaborations to garner higher market share. For instance,
- In November 2023, IceCure Medical announced that the Central Drugs Standard Control Organization (“CDSCO”) in India has approved the ProSense system based on the CDSCO’s updated regulatory requirements. This is in addition to existing approvals, including disposables and cryoprobes, already approved for indications covering general surgery and oncology for tissues of the breast, lung, bone, kidney, liver, and more
The cryotherapy market is a rapidly evolving industry that is expected to gain traction in the coming years as a result of increased cryotherapy application, a strong emphasis on developing new cryotherapies techniques, rising awareness of cryosurgery in cancer and skin treatments, and aggressive organic and inorganic growth strategies adopted by the players.
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