Europe Cryotherapy Market Size & Outlook, 2023-2030
Europe cryotherapy market, 2018-2030 (US$M)
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Europe cryotherapy market highlights
- The Europe cryotherapy market generated a revenue of USD 2,265.2 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,265.2 million |
| Market revenue in 2030 | USD 3,392.8 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Cryosurgery |
| Fastest growing segment | Chamber therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 30.4% of the global cryotherapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,675.7 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 47.97% in 2023. Horizon Databook has segmented the Europe cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The European cryotherapy market is expected to grow at a lucrative rate over the forecast period. Germany, France, and Italy are among the major markets in Europe. Emerging Eastern European economies, such as Russia and Poland, are expected to create growth opportunities in the market.
The European Spas Association is a federation of 20 European nations. There are about 1,400 medical spas and health resorts in Europe, which are medically acknowledged health institutions and are part of several nations' health system services.
Such well-regulated and accredited spas are expected to support the high adoption of cryotherapy devices in the region. The growing popularity of cryotherapy and the easy availability of skilled professionals in European countries are some other factors expected to boost the demand for cryotherapy products.
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Target buyers of Europe 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 continent-level data and insights on the Europe cryotherapy market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cryotherapy market size, by country, 2018-2030 (US$M)
Europe Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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