Cryotherapy involves application of extremely cold temperatures to the skin for pain relief and treatment of various medical conditions. Cryotherapy uses liquid nitrogen, which is sprayed onto the skin for short intervals to relieve muscle and joint pain. It helps minimize inflammation and reduces swelling by constricting the blood vessels near the skin. Major advantages of cryotherapy include quick recovery time, minimal side effects, and effectiveness for various pain conditions. Growing geriatric population suffering from joint disorders and sports injuries is driving the demand for cryotherapy.
Cryotherapy is gaining traction owing to rising demand for minimally invasive pain management procedures. Patients are increasingly opting for cryotherapy to treat various pain conditions such as arthritis, tendonitis, and bursitis due to advantages such as no anesthesia requirement and faster recovery time as compared to surgery. Furthermore, growing popularity of cryotherapy as an alternative therapy among athletes and active adults for muscle recovery post-workout or injury is propelling the market growth. Rising awareness about various medical applications of cryotherapy and favorable reimbursement policies are some other crucial factors expected to boost the cryotherapy market over the forecast period.
The Global Cryotherapy Market Size is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing instances of sports injuries and advent of body contouring applications. North America dominates the market currently due to supportive reimbursement policies and higher acceptance of aesthetic procedures.
Europe is the second largest market for cryotherapy globally. Improving healthcare infrastructure and rising medical tourism in countries like Germany, France, and UK are boosting regional market revenue. Asia Pacific is projected to exhibit fastest growth during the forecast period ascribed to growing medical aesthetics industry in China, India, and Japan.
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