(PharmaNewsWire.Com, March 10, 2018 ) The Europe Cryotherapy and Cryosurgery Market was worth USD 689 million in 2016 and estimated to be growing at a CAGR of 6.4%, to reach USD 939.6 million by 2021. Cryotherapy and Cryosurgery are a therapeutics and surgical procedures performed at very low temperatures.
Cryotherapy is the local or general use of low temperature in medical treatments, used to treat a wide range of benign and malignant tissue damages, which are medically referred as lesions. Cryosurgery is a type of surgical treatment that involves the use of extreme cold temperatures to treat abnormal or diseased tissue and are widely used in skin treatments
Factors fuelling the growth of market are wide use of cryotherapy to treat sports related injuries, increasing incidences of skin related diseases and cancers, increasing awareness and consciousness skin treatments and cancer treating procedures. However, side effects, strict regulatory framework and high treatment costs are the factors hindering the growth of market.
The Europe market for Cryotherapy and Cryosurgery is segmented based on Technique, Type, Application and Devices. Based on Technique it is divided into Spray, Foreceps, Cryo Probe and Others. Based on Type it is divided into Cryosurgery, Icepack Therapy and Cryogenic Chamber Therapy. Based on Application it is divided into Cancer Therapy, Skin Disease and Others. Based on Devices it is divided into Cryogun, Probes, Cryogen and Others. Based on geographical analysis, the market is divided into regions of U.K., Germany, France, Italy and Spain. U.K. holds the major share in the market due to presence of market leaders as well as a well-developed healthcare infrastructure and extensive use of sprains in sports related injuries treatment. Germany is the fastest growing region due to increasing expenditure on research and development as well as innovations and advancements in medical fields. Based on Application Cancer therapy is the most widely applied field for cryotherapy while skin treatments are expected to grow the fastest due to recent advancements in technologies. Based on Type, the most common type of treatment is cryosurgery as this procedure helps in treating various cancers and skin diseases while icepack therapy is expected to grow the fastest.
Some of the key players dominating this market include Impact Cryotherapy, Galil Medical Inc., HealthTronics, Inc., KryoLife Inc, Medtronic, GRAND Cryo LLC, Erbe USA, Incorporated, Wallach Surgical Devices, MedGyn Products, Inc. and CoolTouch Inc.
Market Segmentation:
1) Technique
Introduction
Spray
Foreceps
Cryo Probe
2) Type
Introduction
Cryosuregery
Icepack Therapy
Cryogenic Chamber Therapy
3) Application
Introduction
Cancer Therapy
Skin Disease Treatment
4) Devices
Introduction
Probes
Cryogen
Scope of the Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of type, by technique along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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