India Cryotherapy Market Size & Outlook, 2023-2030
India cryotherapy market, 2018-2030 (US$M)
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India cryotherapy market highlights
- The India cryotherapy market generated a revenue of USD 110.7 million in 2023 and is expected to reach USD 239.0 million by 2030.
- The India market is expected to grow at a CAGR of 11.6% 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 110.7 million |
| Market revenue in 2030 | USD 239.0 million |
| Growth rate | 11.6% (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, India accounted for 1.5% 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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India 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 India cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The spa industry in India has high potential and has been undergoing significant development in recent years. A large young consumer base, growing disposable income, and increasing medical tourism are some of the major factors contributing to the growth of the Indian cryotherapy market.
According to ISAPS, the number of nonsurgical procedures in the country increased to 268,536 in 2020 from 249,024 in 2019. Increasing investments by global players and a growing preference for noninvasive treatments are expected to drive the market.
International players are planning to open day and specialty spas across the country, starting with Mumbai, Delhi, and Bengaluru (Bangalore). The companies are targeting major urban areas, along with tourist destinations, to cater to international travelers & local consumers. For instance, in 2019, U.S.-based medical spa brand Maya Medi Spa ventured into India by opening its first spa in Bengaluru (Bangalore).
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Target buyers of India 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 India cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into India cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cryotherapy market size, by therapy type, 2018-2030 (US$M)
India Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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