Latin America Cryotherapy Market Size & Outlook, 2023-2030
Latin America cryotherapy market, 2018-2030 (US$M)
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Latin America cryotherapy market highlights
- The Latin America cryotherapy market generated a revenue of USD 345.5 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 345.5 million |
| Market revenue in 2030 | USD 561.2 million |
| Growth rate | 7.2% (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, Latin America region accounted for 4.6% 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 |
|---|
Latin America 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 Latin America cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America’s cryotherapy market is primarily driven by a high demand for esthetic treatments in Brazil, Mexico, and Argentina. In addition to local consumers, medical tourism for wellness services is also expected to drive the market in this region.
The price of noninvasive treatment is approximately 10% lower in Latin America as compared to the U.S. and other developed economies, encouraging young as well as elderly people to avail beauty treatments in this region. The lack of defined regulatory guidelines has resulted in increased availability of spa facilities, leading to competitive pricing.
Thus, large corporations provide complementary services to sustain their position in growing competition. Brazil dominated the Latin American market in 2021 and is expected to maintain its position during the forecast period.
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Target buyers of Latin America 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 Latin America cryotherapy market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cryotherapy market size, by country, 2018-2030 (US$M)
Latin America Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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