U.S. Cryotherapy Market Size & Outlook, 2023-2030
U.S. cryotherapy market, 2018-2030 (US$M)
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U.S. cryotherapy market highlights
- The U.S. cryotherapy market generated a revenue of USD 2,900.2 million in 2023 and is expected to reach USD 4,459.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.3% 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 2,900.2 million |
| Market revenue in 2030 | USD 4,459.8 million |
| Growth rate | 6.3% (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, U.S. accounted for 38.9% 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 North America, U.S. cryotherapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 475.4 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 U.S. cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
High disposable income, increasing prevalence of obesity & wellness disorders, and various strategic initiatives by key market players are among the factors expected to drive market growth in the U.S. In 2021, the U.S. GDP per capita was USD 69,288.
As the U.S. is a prosperous nation, individuals have high disposable income and invest more in personal well-being. In addition, the country witnesses high adoption of technologically advanced products. A substantial number of key players operate in the region, which is anticipated to drive the market growth.
Some of the companies are Zimmer MedizinSysteme GmbH, Brymill Cryogenic Systems, Metrum Cryoflex, and Physiomed Elektromedizin AG, which have dedicated cryotherapy products. In addition, due to high disposable income, individuals in the U.S. tend to spend more on esthetic products & treatments, as well as skin wellness.
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Target buyers of U.S. 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 U.S. cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. cryotherapy market size, by therapy type, 2018-2030 (US$M)
U.S. Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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