The dermatology cryosurgery units market is anticipated to flourish at a healthy CAGR of 7.0% between 2023 and 2033. The market is expected to hold a market share of US$ 308.6 million by 2033, while the market is likely to reach a value of US$ 156.5 million in 2023.
| Attributes | Details |
|---|---|
| Dermatology Cryosurgery Units Market CAGR (2023 to 2033) | 7.0% |
| Dermatology Cryosurgery Units Market Size (2023) | US$ 156.5 million |
| Dermatology Cryosurgery Units Market Size (2033) | US$ 308.6 million |
The market is expected to grow significantly in the coming time owing to the expansion of the beauty and aesthetics sector. Other factors contributing to the market growth include increasing sports injuries, cardiac diseases, and technological development in the cryosurgery market.
Ongoing developments in the industry are expected to benefit the market in the forecast period. For instance, in 2019, Medtronic collaborated with Phillips to boost the sale of products on behalf of Phillips to offer an integrated image guidance solution for the cryoablation process for the better treatment of paroxysmal atrial fibrillation. Such factors are expected to augment the market size in the forecast period.
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The global demand for dermatology cryosurgery units is projected to increase at a CAGR of 7.0% during the forecast period between 2023 and 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 6.5%.
Over the years, the upward trend of cryosurgery among athletes fostered the demand for dermatology cryosurgery units. Recent advancements in cryotherapy procedures and the growing demand for aesthetic skin are among the foremost factors nourishing the market for dermatology cryosurgery units.
Treatment of skin disorders nowadays is of utmost importance as people are more anxious to improve the appearance of affected skin. As surgical treatment offers an effective and efficient solution, it is most universally preferred over dermatological treatment methods. The usage of handheld devices with top-class benefits combined with rising patient convenience and easy reimbursement processes is a key factor driving the overall growth of the dermatology cryosurgery unit's market.
Increasing Preference for Minimally Invasive Surgery & Rises Cases of Skin Disorders to Act as Prominent Growth Drivers
Cryotherapy is gaining significant traction owing to various technological developments over the past years, which is projected to benefit the dermatology cryosurgery units market in the coming time. Growing incidences of skin diseases like acne, eczema, acne, rosacea, vitiligo, and hives are expected to increase the demand for dermatology cryosurgery units. Also, the rise in healthcare expenditure is another factor likely to benefit the industry growth in the coming time.
Moreover, growing acquisitions among players are expected to boost the market growth notably. For instance, in August 2020, Cryoport, Inc. acquired CRYOPDP in an all-cash transaction of about US$ 56 million. CRYOPDP is a French company that provides temperature-controlled logistics solutions for cell & gene therapy and clinical research communities. The market is expected to augment in the forecast period due to the aforementioned factors.
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Associated Side Effects of Cryosurgery May Hamper the Market Growth
A need for more awareness regarding dermatology cryosurgery is expected to be the most significant factor restraining the market growth. The developing region, like APAC, is yet to be exposed enough to dermatology cryosurgery. Dermatology cryosurgery is majorly limited to Europe and North America. Limited access to cryotherapy and lack of awareness are expected to restrain the market growth during the forecast period significantly.
However, increasing focus on expanding the application of cryotherapy is expected to act as a significant opportunity for the market and counter the restraining factors. It is minimally invasive and drug-free, so cryotherapy is being analyzed to treat various other medical conditions.
| Countries | Revenue Share % (2022) |
|---|---|
| United States | 38.4% |
| Germany | 4.9% |
| Japan | 4.4% |
| North America | 40.6% |
| Europe | 26.6% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 9.5% |
| India | 8.6% |
| United Kingdom | 6.9% |
Robust Healthcare Infrastructure & Presence of Aesthetic Clinics in the Region to Fuel Market Growth
According to the analysis, North America is expected to dominate the global dermatology cryosurgery units market during the forecast period. In 2022, the region secured 40.6% of the global market share.
Domination of the market can be attributed to the increasing prevalence of cancer, rising sports and physical activity, and the growing prevalence of CVDs are expected to drive the market in the region. Among all, the United States and Canada are predicted to make the maximum contribution to strengthening the market. The Canadian Cancer Society motivates the adoption of cryosurgery for the treatment of several cancer conditions.
Other factors propelling the market growth are recent developments and increasing partnerships in cryogenic projects by prominent players. For instance, in July 2022, the Quantum Economic Development Consortium (QED-C), managed by SRI International, in strategic partnership with the United States Department of Commerce's National Institute of Standards and Technology (NIST), today announced a US$ 2.3 million research program to advance cryogenic technologies that may enable innovation in quantum information science and technology (QIST).
Adoption of Advanced Technologies by Prominent Manufacturers to Elevate Demand for Cryosurgery Units
According to an analysis, Europe held the second-leading market share during the forecast period. In 2022, the region accumulated 26.6% of the global market share. United Kingdom & Germany are the prominent contributors to the regional revenue share.
The regional market's growth can be attributed to the growing awareness of cryosurgery and the adoption of advanced technology in the healthcare sector. Also, players' contribution is projected to play an important role in driving the regional market growth. For instance, Kriosystem Life was the official supplier of cryotherapy devices for The World Games 2017, held in Poland. Owing to the factors above, the market is expected to grow notably in the forecast period.
Rising Cases of Skin Cancer & Adoption of Advanced Skincare Treatments May Expand the Regional Market Growth
As per the recent analysis by Future Market Insights, Asia Pacific is anticipated to be the highest-growing region over the forecast period. The growth in the Asia Pacific may primarily be driven by higher adoption of cryoablation for cancer treatment as well as the advantages offered by this technique over traditional surgery in the region. The presence of prominent regional manufacturers is another factor boosting the market growth.
CryoPen, Inc., is a leading cryosurgical innovator, designing, developing, marketing, and selling its CryoPen Surgical System to primary care physicians, family practice physicians, general practice physicians, obstetrics and gynecologists, pediatricians, internists, and dermatologists. The CryoPen Cryosurgical System is the most advanced, state-of-the-art technology in cryosurgery. This treatment has minimal scarring and no need for anesthetic and is estimated to augment the region's demand for dermatology cryosurgery units.
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| Category | By Product Type |
|---|---|
| Leading Segment | Hand Held |
| Market Share (2022) | 57.7% |
| Category | By End User Type |
|---|---|
| Leading Segment | Dermatology Clinics |
| Market Share (2022) | 32.1% |
The global Dermatology Cryosurgery Units market is segmented into product type, end-user, and regions. Based on the end-user segment, the aesthetic clinic’s subtype captures the highest volume of market share in the global Dermatology Cryosurgery Units. Advancements in cryotherapy technology for the treatment of various diseases and disorders increase the demand for cryosurgery and related products in aesthetic clinics.
Various clinics started offering cryotherapy-based treatment. For instance, in October 2021, CARE Innovative Solutions announced the launch of the Slynarski Knee Clinic, which provides computer-controlled cryotherapy solutions for knee-associated treatments. Healthcare providers successfully treat many problems with cryotherapy. Most skin conditions treated with cryotherapy do not require any special care after treatment.
As dental care worldwide experiences key advancements, prominent equipment and service providers are spawning rapidly across key geographies. Leading start-ups seeking to provide highly streamlined and equitable skincare access are emerging across potential growth regions, especially in the Asia Pacific.
The market is valued at US$ 156.5 million in 2023.
BOVIE MEDICAL, CryoPen, Inc., and CryoIQ AB are the key market players.
The market is estimated to secure a valuation of US$ 308.6 million by 2033.
The growth potential of the market is 7% CAGR through 2033
Minimally invasive surgery preference and skin disorder cases drive sales.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Hand Held
5.3.2. Stand Alone
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End User, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End User, 2023 to 2033
6.3.1. Dermatology Value (US$ Million) & Volume (Units)s
6.3.2. Aesthetics Clinics
6.3.3. Drugstore and Cosmetics Stores
6.3.4. E-Commerce
6.3.5. Other End Users
6.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product Type
8.2.3. By End User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By End User
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product Type
9.2.3. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By End User
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Product Type
10.2.3. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By End User
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Product Type
11.2.3. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By End User
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Product Type
12.2.3. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By End User
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product Type
13.2.3. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.3.3. By End User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Product Type
14.2.3. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Type
14.3.3. By End User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Product Type
15.1.2.2. By End User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Product Type
15.2.2.2. By End User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Product Type
15.3.2.2. By End User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Product Type
15.4.2.2. By End User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Product Type
15.5.2.2. By End User
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Product Type
15.6.2.2. By End User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Product Type
15.7.2.2. By End User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Product Type
15.8.2.2. By End User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Product Type
15.9.2.2. By End User
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Product Type
15.10.2.2. By End User
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Product Type
15.11.2.2. By End User
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Product Type
15.12.2.2. By End User
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Product Type
15.13.2.2. By End User
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Product Type
15.14.2.2. By End User
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Product Type
15.15.2.2. By End User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Product Type
15.16.2.2. By End User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Product Type
15.17.2.2. By End User
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Product Type
15.18.2.2. By End User
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Product Type
15.19.2.2. By End User
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Product Type
15.20.2.2. By End User
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Product Type
15.21.2.2. By End User
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Product Type
15.22.2.2. By End User
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Product Type
15.23.2.2. By End User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product Type
16.3.3. By End User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Special Medical Technology Co.Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. BOVIE MEDICAL
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. CORTEX TECHNOLOGY ApS
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. H&O Equipment
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. CryoIQ AB
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. CryoConcepts LP
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. CryoPen, Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Brymill Cryogenic Systems
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Üzümcü Tbbi Cihaz ve Medikal Gaz Sist. San. Ve Tic. A.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. OraSure Technologies
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Dermatology Cryosurgery Units Market
