Cryoanalgesia Equipment Market
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Cryoanalgesia Equipment Market Size, Share & Analysis By Type (Whole Body Cryo, Local Cryo), By Application (Oncology, Cardiology, Health & Beauty, Pain Management, Others), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and Growth Forecast To 2032
Report ID: RV25893 | Published: Nov 2023 | Historical Period: 2018-2021 | Pages: 200 | Price: $3260| Industry: Pharma and Healthcare
Cryoanalgesia Equipment Market Overview 2023:
The global Cryoanalgesia Equipment market is expected to expand at a robust rate during the forecast period. Factors such as increasing prevalence of chronic pain, rapid advancements in cryoanalgesia, and rising geriatric population are expected to drive global market growth during the forecast period.
Cryoanalgesia also known as cryoneurolysis, is a specialized technique in interventional pain management setting that utilizes an extreme cold (–70°F to –180°F) to temporarily block the nerve in an ice ball. This interrupts the transmission between the nerves for a certain time duration and produces analgesia.
Cryoanalgesia is a minimally invasive technique that helps in providing long-term pain relief and is widely used for pain management of chronic diseases, cancer pain, orthopedic and musculoskeletal pain, neuropathic pain, postoperative pain management, peripheral nerve blocks, headache, and migraine relief. The procedure involves the use of a specialized device equipped with unique features such as cryogenic technology, temperature control panels, probe needles, and tube placement that help in delivering extremely cold temperatures to the targeted nerves.
Various types of cryoanalgesia equipment, either for the whole body or local area are used across healthcare centers, hospitals, clinics, and cryotherapy centers. Factors such as growing usage of cryoanalgesia for managing pain conditions like trigeminal neuralgia, types of back pain, sports injuries, and other chronic illnesses, growing demand for minimally invasive procedures, and high focus on improving patient outcomes are expected to drive global market growth during the forecast period.
However, high cost of these cryoanalgesia equipment and regulatory hurdles can reduce its adoption, especially in developing economies and healthcare centers with budget constraints.
Graphical Overview:
Key Takeaways:
Increasing Awareness About the Benefits of Cryoanalgesia Treatment:
With more exposure to the internet and efforts by healthcare professionals to promote cryoanalgesia, people are steadily becoming aware of its benefits. In addition, factors such as rapid advancements in cryoanalgesia devices and increasing healthcare spending are expected to boost the adoption of cryoanalgesia equipment across various healthcare centers.
Dearth of Skilled Labor and Limited Clinical Evidence:
Though cryoanalgesia is widely used across the globe, more extensive research and evidence to establish its efficacy for various medical conditions is required. This can be a restraining factor for the global market’s growth. Other factors such as limited reimbursement policies, dearth of skilled technicians, and presence of various alternative pain management techniques can hamper the overall market growth going ahead.
Market Opportunities:
The rising adoption of minimally invasive procedures and growing inclination towards non-opioid pain management solutions are expected to open new avenues for market players and new entrants in the market. Companies and manufacturers can focus on developing more affordable and durable cryoanalgesia devices and collaborate with healthcare providers and regulatory authorities.
Type Outlook:
Based on type, the global market is segmented into whole body cryo and local cryo. Among these, the local cryo segment is expected to register rapid revenue CAGR over the forecast period owing to rising prevalence of chronic pain due to aging, illness, sports, or accidents, rapid advancements in cryoanalgesia technology, and growing demand for local cryo to manage localized pain, reduce inflammation, and numb specific areas of the body.
Application Outlook:
The global market is segmented into oncology, cardiology, health & beauty, pain management, and others based on application. The pain management segment is expected to account for a significantly larger revenue share during the forecast period. This growth can be significantly driven by factors such as rising prevalence of chronic pain, increasing aging population, and growing demand for minimally invasive techniques to provide targeted and temporary pain relief.
Regional Outlook:
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North America is expected to account for largest revenue share during the forecast period owing to rising incidence of chronic pain, growing preference for alternative pain management techniques, rapid advancements in cryoanalgesia devices, and presence of leading market players. In addition, rising demand for minimally invasive procedures, presence of well-developed healthcare infrastructure and facilities, and increasing healthcare expenditure are other factors expected to drive North America market growth going ahead.
Asia Pacific market is anticipated to register rapid revenue CAGR between 2023 and 2032. This growth can be attributed to factors such as rapid adoption of advanced technologies like cryoanalgesia, rising prevalence of chronic pain, increasing geriatric population, and high demand for cryoanalgesia for various fields like oncology, cardiology, health & beauty, and pain management.
Report Coverage:
| Report Details | Outcome |
| Base Year for Estimation | 2022 |
| Historical Data | 2018-2021 |
| Forecast Period | 2023-2032 |
| Segments Covered: | Type, Application and Region |
| By Type | Whole Body Cryo, Local Cryo |
| By Application | Oncology, Cardiology, Health & Beauty, Pain Management, Others |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Country Scope | United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey |
| Qualitative Info | •Value Chain Analysis •Pricing Analysis •Regional Outlook •Market Trends •Market Share Analysis •Competition Analysis •Technological Advancements |
| Key Players | JUKA, MECOTEC, Cryomed, CRYO Science, Impact Cryotherapy, KRION, Zimmer MedizinSysteme, Metrum Cryoflex, Cryosense, Kriosystem Life, Grand Cryo, Asperia Group, CryoBuilt, Kriomedpol, Cryonic Medical, Titan Cryo |
| Customization Scope | 10 Hours of Free Customization and Expert Consultation |
Competitive Landscape:
The global Cryoanalgesia Equipment market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.
Some Leading Market Companies Listed in the Report:
- JUKA
- MECOTEC
- Cryomed
- CRYO Science
- Impact Cryotherapy
- KRION
- Zimmer MedizinSysteme
- Metrum Cryoflex
- Cryosense
- Kriosystem Life
- Grand Cryo
- Asperia Group
- CryoBuilt
- Kriomedpol
- Cryonic Medical
- Titan Cryo
The global Cryoanalgesia Equipment Market has been segmented based on Type, Application, and Region:
By Type:
- Whole Body Cryo
- Local Cryo
By Application:
- Oncology
- Cardiology
- Health & Beauty
- Pain Management
- Others
By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Frequently Asked Questions!
- JUKA
- MECOTEC
- Cryomed
- CRYO Science
- Impact Cryotherapy
- KRION
- Zimmer MedizinSysteme
- Metrum Cryoflex
- Cryosense
- Kriosystem Life
- Grand Cryo
- Asperia Group
- CryoBuilt
- Kriomedpol
- Cryonic Medical
- Titan Cryo
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