Canada Cryotherapy Market Size & Outlook, 2023-2030
Canada cryotherapy market, 2018-2030 (US$M)
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Canada cryotherapy market highlights
- The Canada cryotherapy market generated a revenue of USD 274.4 million in 2023 and is expected to reach USD 475.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, cryosurgery was the largest revenue generating therapy type in 2023.
- Chamber therapy is the most lucrative therapy type segment registering the fastest growth during the forecast period.
Cryotherapy market data book summary
| Market revenue in 2023 | USD 274.4 million |
| Market revenue in 2030 | USD 475.4 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Cryosurgery |
| Fastest growing segment | Chamber therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cryosurgery, Icepack therapy, Chamber therapy |
| Key market players worldwide | Metrum Cryoflex, Medtronic PLC, Brymill Cryogenic Systems, CryoConcepts, Cortex Technology, Wallach Surgical Devices, Zimmer Medizinsysteme |
Other key industry trends
- In terms of revenue, Canada accounted for 3.7% of the global cryotherapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cryotherapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 475.4 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada cryotherapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryotherapy market will help companies and investors design strategic landscapes.
Cryosurgery was the largest segment with a revenue share of 53.21% in 2023. Horizon Databook has segmented the Canada cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing awareness about self-care & antiaging services, high disposable income, significant presence of cryotherapy centers, and growing demand for noninvasive esthetic treatment are some of the major factors contributing to growth of the cryotherapy market in Canada.
Skin rejuvenation, cryofacial, and cryolipolysis are some of the esthetic procedures offered by cryotherapy spas in the country. Skin rejuvenation treatments are among the most popular cosmetic minimally invasive procedures performed in cryospas in Canada.
Changing the perception of Canadian women about cosmetic and medical esthetic procedures, such as cryofacial rejuvenation & wrinkle correction, has increased the demand for cryotherapy procedures in the country.
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Target buyers of Canada cryotherapy market databook
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Our clientele includes a mix of cryotherapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into Canada cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cryotherapy market size, by therapy type, 2018-2030 (US$M)
Canada Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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