Thailand Cryotherapy Market Size & Outlook, 2023-2030
Thailand cryotherapy market, 2018-2030 (US$M)
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Thailand cryotherapy market highlights
- The Thailand cryotherapy market generated a revenue of USD 45.7 million in 2023 and is expected to reach USD 98.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 11.5% 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 45.7 million |
| Market revenue in 2030 | USD 98.2 million |
| Growth rate | 11.5% (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, Thailand accounted for 0.6% 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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Thailand 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 53.17% in 2023. Horizon Databook has segmented the Thailand cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Availability of various spa facilities, increasing awareness among consumers, and rising adoption of noninvasive esthetic procedures in a stress-free environment are some of the major factors propelling market growth. Spa, beauty, and wellness industries are well-established in Thailand. However, cryotherapy is in its initial growth phase in the country, creating lucrative opportunities for market players.
Currently, a few local spas, such as Rakxa, provide cryotherapy in the country. In addition, the adoption of cryotherapy in Thailand is relatively low as compared to typical esthetic treatments, such as mesotherapy, photorejuvenation, picosecond laser, Thermage, and High-Intensity Focused Ultrasound (HIFU).
Nevertheless, over the coming years, the market share of cryotherapy is expected to increase in the country owing to the adoption of modern technologies by spas & fitness centers and the improving availability of market players in the country.
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Target buyers of Thailand 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 Thailand cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into Thailand cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand cryotherapy market size, by therapy type, 2018-2030 (US$M)
Thailand Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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