China Cryotherapy Market Size & Outlook, 2023-2030
China cryotherapy market, 2018-2030 (US$M)
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China cryotherapy market highlights
- The China cryotherapy market generated a revenue of USD 232.5 million in 2023 and is expected to reach USD 520.3 million by 2030.
- The China market is expected to grow at a CAGR of 12.2% 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 232.5 million |
| Market revenue in 2030 | USD 520.3 million |
| Growth rate | 12.2% (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, China accounted for 3.1% 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 Asia Pacific, Japan cryotherapy market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 520.3 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 53.2% in 2023. Horizon Databook has segmented the China cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Compared to developed economies such as the U.S., where antiaging treatments are more popular, younger consumers account for the majority of the demand in China, owing to rising social media usage and a booming live streaming economy, which have increased the desire to look young & attractive.
Rising disposable income in the country is expected to further improve market penetration. The per capita disposable income in China increased to USD 4,961 in 2020, more than double the number in 2010. Meanwhile, China's significantly lower penetration rate highlights its tremendous growth potential.
Thus, the growing demand for noninvasive esthetic procedures and increasing awareness about self-care & antiaging services are anticipated to drive China's cryotherapy market during the forecast period. To address the opportunity, global players are launching new products in the Chinese market, which is anticipated to boost market growth over the forecast period.
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Target buyers of China 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 China cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into China cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cryotherapy market size, by therapy type, 2018-2030 (US$M)
China Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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