Cryotherapy Skin Care Treatment Market: Emerging Therapy for Skin Care Treatment
- Cryotherapy is a procedure that uses extreme cold (liquid nitrogen) to destroy a tissue. In cryosurgery, liquid nitrogen is used to remove skin growth, fade age spots, and treat early stage basal and squamous cell carcinomas.
- Cryotherapy skin treatment is primarily used to treat skin lesions, which include actinic keratoses, viral warts, and seborrheic warts (senile warts)
- After a successful cryotherapy skin care treatment of actinic keratosis, seborrheic keratosis, or viral wart, the skin may appear entirely normal without any sign of the original skin lesion
- Cryotherapy is appropriate for relieving and relaxing body parts from muscle sprain and tissue damage
- Liquid nitrogen is directly applied to the targeted areas using cryoprobes in order to treat primary tumors and cancers
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Key Drivers and Restraints of Global Cryotherapy Skin Care Treatment Market
- Rise in demand for non-invasive/minimally invasive procedures is one of the major factors driving the global cryotherapy skin care treatment market
- Growth in prevalence of skin disorders is also a key factor boosting the global cryotherapy skin care treatment market
- According to the American Academy of Dermatology Association, acne is the most common skin condition in the U.S. that affects up to 50 million people in the country every year
- Rise in awareness about skin care treatments and development of advanced products are augmenting the global cryotherapy skin care treatment market
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Limited Access to Cryotherapy to Hamper Global Cryotherapy Skin Care Treatment Market
- Limited access to cryotherapy due to higher cost of the procedure is likely to hamper the global cryotherapy skin care treatment market during the forecast period
- Side effects and complications that may arise due to allergic skin or lack of skillfulness on the part of the procedure performer are also restraining the global cryotherapy skin care treatment market
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Cryosurgery Devices Product Segment to Dominate Global Market
- Based on product, the global cryotherapy skin care treatment market can be divided into cryosurgery devices, localized cryotherapy devices, cryochambers & cryosaunas, and others
- The cryosurgery devices segment accounted for major share of the market in 2019, led by the rise in demand for cryosurgery and development of advanced products
Cryosurgery Type Segment Offers Lucrative Opportunities
- In terms of type, the global cryotherapy skin care treatment market can be classified into cryosurgery, icepack therapy, and cryogenic chamber therapy
- Cryosurgery is expected to be a highly lucrative segment of the market during the forecast period owing to rise in demand for cryosurgery in developed as well as developing regions due to its minimally invasive or non-invasive procedure
Hospitals & Specialty Clinics End-user Segment Holds Major Market Share
- Based on end-user, the global cryotherapy skin care treatment market can be segregated into hospitals & specialty clinics, cryotherapy centers, and spas & fitness centers
- The hospitals & clinics segment dominated the global cryotherapy skin care treatment market in 2019 owing to the availability of advanced products and large patient pool for skin treatment in hospitals and clinics
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North America to Lead Global Cryotherapy Skin Care Treatment Market
- In terms of region, the global cryotherapy skin care treatment market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominated the global cryotherapy skin care treatment market in 2019 due to higher demand for novel skin treatment procedures; rise in prevalence of skin diseases and sports injuries; growth in popularity of cryotherapy at esthetic centers; and presence of major players in the region. For instance, according to the American Academy of Dermatology Association, more than 5.1 million people sought medical treatment for acne in the U.S. in 2013.
- Asia Pacific is projected to be a highly lucrative region of the global market during the forecast period owing to increase in awareness about skin care and skin treatment; and larger patient pool for skin diseases in the region
Key Players Operating in Global Cryotherapy Skin Care Treatment Market
Prominent players operating in the global cryotherapy skin care treatment market are:
- KryoLife Inc.
- Medtronic
- Boston Scientific Corporation
- GRAND Cryo LLC
- Impact Cryotherapy
- Brymill Cryogenic Systems
- Cryoconcepts LP
- Erbe Elektromedizin
- Metrum Cryoflex
- Kriosystem-Care Sp. z o.o.
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