Cryotherapy and cryosurgery are also known as cryoablation minimally invasive treatment using extremely cold temperatures (0 to -20 ° C) to destroy or eliminate the tissue from the disease. It is very useful in the treatment of skin problems, heart disease, Injuries, improvement of immunity and blood pressure. Cryotherapy is also widely used to treat Injuries related to sport.
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Asia Pacific Cryotherapy and Cryosurgery Market size was around USD 0.5 billion in 2018. It is expected to grow at a CAGR of 8.5% to reach USD 0.75 billion by 2023.
Drivers and Restraints:
Increasing adoption of minimally invasive procedures, rising prevalence of chronic diseases, growing aging population, increasing incidences sports related injuries, growing awareness about skin treatments among people. In addition, advancement of technologies, rising healthcare expenditure, increasing investments for R&D activities in medical sector, and introduction of advanced therapies or treatments are expected to drive the market growth. However, high risk of side effects, high treatment costs and stringent regulatory policies is hindering the growth of the market
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Geographic Segmentation
The Asia Pacific Cryotherapy and Cryosurgery Market has geographically segmented into China, India, Japan, South Korea, and Australia. China holds the major share in the market due to presence of market leaders as well as a well-developed healthcare infrastructure and extensive use of sprains in sports related injuries treatment. India is the fastest growing region due to increasing expenditure on research and development as well as innovations and advancements in medical fields.
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Major companies in the market are Cryotherapy, Galil Medical Inc., HealthTronics, Inc., KryoLife Inc, Medtronic, GRAND Cryo LLC, Erbe USA, Incorporated, Wallach Surgical Devices, MedGyn Products, Inc. and CoolTouch Inc.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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