Turkey Cryotherapy Market Size & Outlook, 2024-2030
Turkey cryotherapy market, 2018-2030 (US$M)
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Turkey cryotherapy market highlights
- The Turkey cryotherapy market generated a revenue of USD 24.0 million in 2023 and is expected to reach USD 42.1 million by 2030.
- The Turkey market is expected to grow at a CAGR of 8.4% 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 24.0 million |
| Market revenue in 2030 | USD 42.1 million |
| Growth rate | 8.4% (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, Turkey accounted for 0.3% 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 |
|---|
Turkey 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 53.33% in 2024. Horizon Databook has segmented the Turkey cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Turkey has middle- and low-income population, and the country’s disposable income is moderate. In 2021, the GDP per capita in Turkey was around USD 9,587. The country has multiple spas and wellness centers; however, among them, only a few have cryotherapy facilities.
Owing to these factors, the market is expected to grow at a reasonable rate. Global players are undertaking various strategic initiatives, such as distribution agreements, with local players in the country.
For instance, in September 2021, IceCure Medical Ltd. entered into a distribution agreement with Mutlu Medikim A.Ş., an Istanbul-based company, to sell its cryotherapy products in Turkey. Such strategic initiatives drive the cryotherapy products penetration in the country, thereby supporting market growth.
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Our clientele includes a mix of cryotherapy market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into Turkey cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey Cryotherapy Market Outlook Share, 2024 & 2030 (US$M)
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