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Global Cryosurgical Systems Market | Key players are Princeton Cryo, Cryoalfa, MFI Medical, Bovie Medical, Cooltouch, CooperSurgical, Cortex Technology, Epimed, Erbe Elektromedizin

Jul 13, 2022 10:10 AM ET

Global Cryosurgical Systems Market | Key players are Princeton Cryo, Cryoalfa, MFI Medical, Bovie Medical, Cooltouch, CooperSurgical, Cortex Technology, Epimed, Erbe Elektromedizin

The Global Cryosurgical Systems Market is estimated to exhibit a CAGR of 8.64% during the forecast period. 

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Cryosurgical systems are used to treat a variety of diseases or disorders, including a wide range of benign and malignant skin diseases. It is the use of freezing temperatures in surgery to destroy sick tissues. Cryosurgery employs a variety of techniques, including carbon dioxide, liquid nitrogen, Argon, and freeze sprays, among others. Nitrogen is the most commonly used means of chilling the scraping, with liquid nitrogen acting as the cooling agent. The rising incidences of cancer and sports injuries, as well as the growing demand for minimally invasive treatment and advancements in cryosurgical technology, will be the primary drivers influencing market expansion.

Furthermore, the increasing popularity of wellness, beauty, and fitness will drive the cryosurgical systems market. However, the use of hazardous cryogenic gases in certain Cryosurgical Systems and a lack of understanding of the benefits of Cryosurgical Systems may stymie market expansion. Furthermore, tight laws and regulations connected with product approval would pose a hurdle to the Cryosurgical Systems market during the projection period.

List of Prominent Players in the Cryosurgical Systems Market:

Wallach Surgical

WeMed

Brymill Cryogenic Systems

Princeton Cryo

Cryoalfa

MFI Medical

Bovie Medical

Cooltouch

CooperSurgical

Cortex Technology

Epimed

Erbe Elektromedizin

H&O Equipment

Keeler

Medgyn Products

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Market Dynamics:

Drivers-

A significant treatment alternative now exists thanks to cryosurgical equipment, mostly as a result of several technological developments and improvements throughout time. Cryosurgery units and accessories are among the equipment that have undergone changes. Cryochambers and cryosaunas, that are frequently utilized for pain management, rheumatoid arthritis treatment, and general beauty and health therapies, have also seen advancements. Through use of supercooled liquid nitrogen or other cryogens for freezing, the advent of thin and effective probes that are available in different sizes, and the use of narrow and enhanced cryoablation needles are a few additional notable breakthroughs in cryosurgical equipment.

Challenges:

Cryosurgical systems are still only available in a few geographical areas. Cryosurgical system practices are mostly limited to North America and Europe, with only a few other nations such as Japan, China, and Australia seeing any breakthroughs in this field, owing to a lack of knowledge. Despite being proved to be safer and less unpleasant than highly invasive surgical procedures, it is normally reserved for large-scale surgical interventions. Limited availability of cryosurgical systems and a lack of information about their benefits and advantages may limit market growth to some extent during the projection period.

Regional Trends:

The North America Cryosurgical Systems market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future because of the existence of major key players, supportive regulatory scenario, widespread adoption of modern technological solutions, high healthcare expenditure, and well-developed healthcare industry in this region The market is expanding because to increased R&D activities, increased efforts by key manufacturers to ensure the affordability of cryosurgical system devices, and increased government backing.

Recent Developments:

  • In May 2020, CryoBuilt, Inc. introduced EVEREST, a sophisticated and inexpensive product line of whole-body cryotherapy chambers. EVEREST chambers employ newly oxygenated cold air to cool the chamber, eliminating the possibility of exposure to hazardous gases. The EVEREST line of chambers from CryoBuilt, Inc. allows you to take full control of the system via the company’s CryoBrain app.
  • In May 2019, Medtronic Plc, formed a partnership with Koninklijke Philips N.V., an Amsterdam-based healthcare technology company. This partnership is anticipated to result in an integrated, unique image-guided solution for cryoablation. This procedure is intended for the advanced treatment of paroxysmal atrial fibrillation, a common cardiac rhythm problem.

Segmentation of Cryosurgical Systems Market-

By Product Type

  • Cryosurgical Console Systems
  • Compact Cryosurgical Systems

By End-user

  • Hospitals
  • Clinics
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

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