Global Cryosurgery Devices Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Tissue Contact Probes, Tissue Spray Probes and Epidermal and Subcutaneous Cryoablation Devices.

By Application;

Surgeries - Oncology, Cardiology, Dermatology and Other Applications, Pain Management and Pain Management.

By End User;

Hospital and Cryotherapy Center.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn277385776 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Cryosurgery Devices Market (USD Million), 2020 - 2030

In the year 2023, the Global Cryosurgery Devices Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The COVID-19 pandemic profoundly influenced the growth trajectory of the cryosurgery and cryotherapy market. As medical professionals sought solutions to alleviate post-COVID symptoms among affected individuals, cryotherapy emerged as an innovative treatment option. Cryotherapy was particularly utilized to address symptoms like loss of taste/smell, fatigue, and pain, with whole-body cryotherapy proving effective in reducing inflammation, improving blood flow, relieving pain, and enhancing energy levels among COVID-19 patients. Consequently, the heightened demand for cryotherapy and surgery devices during the pandemic significantly impacted the market's growth. Moreover, the post-pandemic period is anticipated to sustain demand for cryosurgery devices, fueled by a renewed focus on treating various chronic diseases.

The cryosurgery devices market is poised for robust growth, primarily driven by the escalating prevalence of disorders such as cardiovascular diseases and skin conditions. Data from the British Heart Foundation and the World Health Organization highlight the staggering global burden of heart and circulatory diseases, with millions of individuals affected annually. Similarly, the rising incidence of cancer, including cervical cancer and other common types such as breast, lung, colon, and prostate cancers, underscores the urgent need for effective treatment modalities like cryosurgery. This increasing prevalence of chronic disorders is expected to fuel demand for cryosurgery devices, thereby propelling market growth. Furthermore, the market is poised to benefit from the continuous influx of product launches by key industry players, further driving innovation and expanding the market's reach. For instance, the launch of CO-2-based cryotherapy devices for the treatment of cervical pre-cancerous lesions demonstrates the ongoing efforts to develop advanced solutions to combat disease and improve patient outcomes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
  4. Global Cryosurgery Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Cancer and Chronic Diseases
        2. Technological Advancements
        3. Growing Geriatric Population
      2. Restraints
        1. Limited Availability of Trained Professionals
        2. High Cost of Devices
        3. Potential Side Effects
      3. Opportunities
        1. Technological Innovation
        2. Expansion into New Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Cryosurgery Devices Market, By Product Type, 2022 - 2032 (USD Million)
      1. Tissue Contact Probes
      2. Tissue Spray Probes
      3. Epidermal and Subcutaneous Cryoablation Devices
    2. Global Cryosurgery Devices Market, By Application, 2020 - 2030 (USD Million)
      1. Surgeries
      2. Oncology
      3. Cardiology
      4. Dermatology
      5. Other Applications
      6. Pain Management
      7. Pain Management
    3. Global Cryosurgery Devices Market, By End User, 2020 - 2030 (USD Million)
      1. Hospital
      2. Cryotherapy Center
    4. Global Cryosurgery Devices Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cardinal Health
      2. Cryoconcepts
      3. Cooper Surgical
      4. AtriCure Inc
      5. Cortex Technology
  7. Analyst Views
  8. Future Outlook of the Market

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