Cryotherapy Market Size, Share, Forecast, & Trends Analysis by Device (Probe, Consoles, Saunas, Chamber, Facial Roller, Sticks), Substance (Liquid Nitrogen, Carbon Dioxide, Argon) Type (Partial, Whole Body) Application, End User - Global Forecast to 2031

Cryotherapy Market Size & Forecast

The Cryotherapy Market is projected to reach $1.14 billion by 2031 at a CAGR of 11.9% from 2024 to 2031. The growth of this market can be attributed to the rising demand for non-invasive procedures, technological advancements in cryotherapy equipment, increasing prevalence of cancer and other chronic diseases, rising adoption of cosmetic procedures, growing beauty and healthcare industries, and rising incidence of sports injuries. Furthermore, the growing adoption of cryotherapy in dentistry and expanding cryotherapy applications in inflammation & weight management and immune modulation are expected to offer significant growth opportunities.

Cryotherapy Market Growth Drivers

Rising Demand for Non-invasive Procedures

A higher preference for minimally invasive procedures is positively impacting the cryotherapy market. Unlike traditional surgeries, minimally invasive procedures do not require large incisions on the body, thus reducing hospital stays and associated costs. Also, non-invasive cosmetic treatments are effective alternatives to popular plastic surgery procedures. For instance, as per The International Society of Aesthetic Plastic Surgery (ISAPS) (U.S.) August 2023 report, there was an 11.2% increase in surgical and non-surgical procedures performed worldwide in 2022. Along with cosmetic treatments, cryotherapy has expanded its applications in the treatment of bone cancer, breast cancer, cervical cancer, and prostate cancer. Furthermore, the convenience offered by cryotherapy in cosmetic treatments has shown positive results with no redness or downtime of the skin. Cryo facials help brighten and tighten the skin by increasing blood circulation. This demand for cosmetic procedures and the growing beauty and healthcare industries are raising the demand for non-invasive procedures, driving the cryotherapy market growth.

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Increasing Prevalence of Cancer and Other Chronic Diseases

Extreme cold conditions destroy cancer cells in cryotherapy or cryoablation. It can be used to destroy abnormal cells on the cervix, basal cell skin cancer, kidney cancer, lung cancer, and liver cancer, among others. For instance, according to the International Agency for Research on Cancer, 330,000 new cases of skin cancer patients were diagnosed in 2022, and almost 60,000 people died due to the disease around the world. Cryotherapy is used for destroying tumours on the skin by using liquid nitrogen on the tumour area, and for tumours inside the skin, the cryoprobe is used to freeze the tumour tissue.

According to the World Health Organization Report of February 2024, lung cancer is the most commonly occurring cancer worldwide, with around 2.5 million new cases registered worldwide in 2023, along with 1.5 million cases of prostate cancer. The low cost associated with the use of cryotherapy in cancer treatment, the increasing application areas of cryotherapy in cancer, and its increasing use by healthcare professionals in cancer treatment are expected to drive the growth of the market.

Cryotherapy Market Trends

 Personalized Cryotherapy

Cryotherapy works by using cryogen to cool the targeted tissue at a low temperature, causing tissue death. Carbon dioxide snow, dimethyl ether and, propane, and liquid nitrogen are the common cryogens used for therapeutic purposes. Personalized cryotherapy involves tailoring cryo treatments based on factors such as body composition, health goals, and the medical history of the user. It involves adjustment of time, temperature, or specific area targeted during the cryotherapy session according to the need. For instance, in September 2021, C A Manufacturing Sp z.o.o. (CryoAction) (U.K.) launched electrically cooled whole-body cryotherapy chambers which have automatic scheduling of cooldown and regeneration cycles that can be varied to provide a personalized cryotherapy session for customers. Cryotherapies are of various types, including whole-body cryotherapy, internal cryotherapy, ice pack therapy, and instant ice pack therapy, which are customized according to the needs of the patient.

Use of Cryotherapy to Improve Sleep Quality or Treat Insomnia

Insomnia is a sleep disorder in which a person faces trouble falling asleep or getting good quality sleep. Around 10% of the world’s population has a risk of developing insomnia, and approximately 1 in 3 adults worldwide exhibit signs of insomnia. (Source: Cleveland Clinic (U.S.)). A study conducted in 2008 and reported by LondonCryo Limited (U.K.) showcased that nearly 15 sessions of whole-body cryotherapy can help reduce depression and anxiety, significantly improving sleep quality. In cryotherapy, the body is exposed to extremely cold temperatures, which increases the production of norepinephrine hormones that affect the mood, memory, and sleep-wake cycle of a person, boosting energy and providing relaxation. Such advantages of cryotherapy are expected to increase its demand in the future, driving the growth of the market.

Cryotherapy Market Opportunity

Growing Adoption of Cryotherapy in Dentistry

The lower temperature of Cryotherapy helps destroy the targeted damaged tissue. Localized cryotherapy helps in treating the targeted tissue in the mouth. Tooth extraction, root canal therapy, and other dental procedures tend to cause pain. In cryotherapy, the oral tissue is frozen to reduce post-procedural pain, minimize scarring and discomfort, and reduce the chances of bacterial infections. The cryogenic fluid used in cryotherapy helps wash out contaminated roots by killing bacteria. Furthermore, third molar tooth removal leads to postoperative swelling, pain, infection, prolonged bleeding, and trismus. In such cases, localized cryotherapy helps in elevating the pain of the affected part. Thus, the growing application of cryotherapy has increased its adoption in the field of dentistry, mainly for postoperative pain control. Such factors are expected to boost its market growth during the forecast period.

Cryotherapy Market Analysis: Key Findings

By Therapy Type: In 2024, the Partial Body Cryotherapy Segment to Dominate the Cryotherapy Market

Based on therapy type, the cryotherapy market is segmented into whole-body cryotherapy, partial-body cryotherapy, ice pack therapy, instant ice pack therapy, and internal therapy. In 2024, the whole-body cryotherapy segment is expected to account for the largest share of over 40.9% of the cryotherapy market. Whole-body cryotherapy is a minimally invasive procedure. The large market share of this segment is attributed to a high preference for minimally invasive surgeries owing to their advantages, such as shorter recovery time, less hospital stay, and low risk of infection. Additionally, the market players are launching new products to meet the growing demand for minimally invasive devices. For instance, in April 2024, AtriCure, Inc. (U.S.) launched the cryoSPHERE+ cryoablation probe, which reduces freeze times by up to 25% compared to the cryoSHPERE device.        

By Device Type: In 2024, Cryosurgery Devices Segment to Dominate the Cryotherapy Market

Based on device type, the cryotherapy market is segmented into cryosurgery devices, whole-body cryo devices, localized cryotherapy devices, facial cryotherapy devices, cryo lipolysis devices, and other cryotherapy devices. In 2024, the cryosurgery devices segment is expected to account for the largest share of over 38.9% of the cryotherapy market. Cryosurgery devices are further categorized into cryoprobes and cryoConsole. The large market share of this segment is attributed to the rising prevalence of cancer, the use of cryoprobes and cryoConsoles in localized cryotherapy to freeze tissues, and the high demand for cryotherapy consoles and probes in fitness centers and sports clubs. The increasing demand for cryotherapy for multiple applications is driving the demand for cryosurgery devices.

By Substance Involved: In 2024, the Liquid Nitrogen-based Cryotherapy Segment to Dominate the Cryotherapy Market

Based on the substance involved, the cryotherapy market is segmented into liquid nitrogen-based cryotherapy, carbon dioxide-based cryotherapy, argon gas-based cryotherapy, and liquid nitrous oxide-based cryotherapy. In 2024, the liquid nitrogen-based cryotherapy segment is expected to account for the largest share of the cryotherapy market. The large market share of this segment is attributed to the advantages offered by liquid nitrogen, such as its lowest boiling point as compared to other cryogenic agents used in cryotherapy. Liquid nitrogen has a temperature between -3460 and -3200F, which helps in the instant freezing of cells. Moreover, the growing applications of liquid nitrogen in a wide range of eye cryotherapies are contributing to the largest share of the nitrogen-based cryotherapy segment.

By Application: In 2024, the Surgical Applications Segment to Dominate the Cryotherapy Market

Based on application, the cryotherapy market is segmented into surgical applications, sports, health and beauty, and pain management. In 2024, the surgical applications segment is expected to account for the largest share of the cryotherapy market. The large market share of this segment is attributed to the high adoption of cryotherapy for cancer treatments, the increasing advantages of cryotherapy over conventional surgery techniques, and its higher adoption in dermatology, cardiology, and other surgeries. For instance, according to the World Health Organization report of 2022, 9,764 cases of prostate cancer were reported in the Philippines among men of all age groups.

By End User: In 2024, the Hospitals and Clinics Segment to Dominate the Cryotherapy Market

Based on end user, the cryotherapy market is segmented into hospitals & clinics, fitness centers and sports clubs, and other end users. In 2024, the hospital & clinics segment is expected to account for the largest share of the cryotherapy market. The large market share of this segment is attributed to the high adoption of advanced technologies in hospitals for the treatment of diseases, the availability of advanced healthcare infrastructure, and rising awareness among healthcare professionals of cryotherapy. Furthermore, the increasing demand for new treatments to cure diseases and hospitals & clinics as the first choice for treatment by patients is supporting the growth of this segment. For instance, in August 2022, Eternal Hospital (India) started providing cryotherapy services for the treatment of atrial fibrillation.

Geographical Analysis

In 2024, North America is expected to account for the largest share of over 41.6% of the cryotherapy market. North America's large market share is attributed to the high number of cancer patients and sports injury cases in the region, increasing demand for innovative treatments, and increasing technological advancements. According to Johns Hopkins University, about 30 million teens and children in the U.S. participate in some form of organized sports, and more than 3.5 million injuries occur each year. The increasing prevalence of sports injuries is propelling the demand for cryotherapy sessions, which contributes to the growth of the cryotherapy market in this region.

Cryotherapy Market: Key Companies

The report offers a competitive landscape based on an extensive assessment of the product offerings and geographic presence of leading market players and the key growth strategies adopted by them over the past three to four years (2020–2024). The key players operating in the global cryotherapy market are Medtronic plc (Ireland), Boston Scientific Corporation (U.S), The Cooper Companies, Inc.(U.S), Impact Cryotherapy (U.S), Zimmer MedizinSysteme GmbH (Germany), METRUM CRYOFLEX Sp. z o.o. (Poland), Brymill Cryogenics Systems (U.K), Erbe Elektromedizin GmbH (Germany), CryoConcepts LP. (U.S), US Cryotherapy (U.S), MECOTEC GmbH (Germany), Cortex Technology (India).

Cryotherapy Industry Overview: Latest Developments from Key Industry Players

• In April 2024, MECOTEC GmbH (Germany) launched cryo:one+, a cryotherapy chamber that provides personalized cryotherapy by offering an LED lighting experience with adjustable color options.
• In April 2024, Art of Cryo, a division of L & R Kältetechnik GmbH & Co. KG. (Germany), launched a walking cryotherapy chamber in which approximately 12 persons can easily walk through it.
• In August 2023, Boston Scientific Corporation (U.S) received approval from the U.S. Food and Drug Administration (FDA) for POLARx, a cryoablation system indicated for patients with paroxysmal atrial fibrillation (AF).
• In April 2021, MECOTEC GmbH (Germany) partnered with Zimmer MedizineSysteme (Germany) to develop and distribute cryo chambers to fulfill the increasing demand in the sports, medicine, wellness, and beauty industries.

Cryotherapy Market: Research Summary

Key questions answered in the cryotherapy market report: