According to FutureWise analysis the market for Cryotherapy in 2023 is US$ 0.27 billion, and is expected to reach US$ 0.48 billion by 2031 at a CAGR of 7.72%.
The factors burgeoning the cryotherapy market are widespread of skin, prostate, cervical cancer and retinoblastoma and growing demand for minimally invasive procedures. The minimally invasive procedures offer multiple benefits such as shorter hospital stay, fewer scars, and pain. According to the National Cancer Institute in the US, in 2018, 1,735,350 new cases of cancer were diagnosed in the United States and 609,640 people died from the disease. The rise in the number of cancer cases is expected to fuel the market growth over the coming years. Increasing adoption of cryotherapy in diagnosing various musculoskeletal conditions such as arthritis, fibromyalgia and rheumatic and growing usage for beauty treatments is estimated to bolster the market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cryotherapy Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Cryotherapy Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.