Egypt Cryotherapy Market Size & Outlook, 2023-2030
Egypt cryotherapy market, 2018-2030 (US$M)
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Egypt cryotherapy market highlights
- The Egypt cryotherapy market generated a revenue of USD 17.9 million in 2023 and is expected to reach USD 31.7 million by 2030.
- The Egypt market is expected to grow at a CAGR of 8.5% 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 17.9 million |
| Market revenue in 2030 | USD 31.7 million |
| Growth rate | 8.5% (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, Egypt accounted for 0.2% 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 Middle East & Africa, UAE cryotherapy market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 31.7 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Egypt 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 53.07% in 2023. Horizon Databook has segmented the Egypt cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Market penetration of cryotherapy is not yet adequate in Egypt as compared to other developed MEA countries, which can be attributed to low affordability of cryotherapy treatments and lesser penetration of cryotherapy products in the market as compared to other prosperous MEA countries.
In 2021, the country’s GDP per capita was USD 3,876. Moreover, the high cost of therapy makes it unaffordable for many individuals in the country. According to a research study, in 2021, around 30.6 million people in Egypt were living in poverty.
However, the market condition could improve in the coming years due to strategic initiatives by market players, such as CryoMisr and Elite Clinics Egypt, providing cryotherapy services in the country.
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Target buyers of Egypt 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 Egypt cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into Egypt cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Egypt cryotherapy market size, by therapy type, 2018-2030 (US$M)
Egypt Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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