Cryosurgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Cryosurgery Devices Market is segmented by Product Type (Tissue Contact Probes, Tissue Spray Probes, and Epidermal and Subcutaneous Cryoablation Devices), Application, and End-user and Geography.

Market Snapshot

Market Snapshot
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.5 %

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Market Overview

The cryosurgery devices market is expected to register a boost in its growth rate, due to increasing disorders, such as cardiovascular diseases and skin disorders. According to the World Health Organization, cardiovascular diseases are the leading cause of death, causing around 17.9 million death around the world. 

  • Furthermore, according to the data of Health and Safety Executive, in 2018, around 67 new cases had been reported with work-related skin cancer in the United Kingdom. Hence, this emerges the need for treatment for these diseases. 
  • Also, development in cryosurgery devices is expected to boost the market. In 2019, CSA Medical Inc. received European approval to market its product ‘Rejuven Air System’. It is a cryosurgical device that involves Metred Cryospray (liquid nitrogen) for the treatment of chronic bronchitis through bronchoscopic surgery. Thus, these factors are expected to boost the growth of the cryosurgery devices market.

Scope of the Report

Cryosurgery devices are used in cryotherapy that freezes and destroys abnormal cells. The cryosurgery devices market is segmented by product type, application, end user, and geography.

By Product Type
Tissue Contact Probes
Tissue Spray Probes
Epidermal and Subcutaneous Cryoablation Devices
By Application
Surgeries
Oncology
Cardiology
Dermatology
Other Applications
Pain Management
Recovery, Health, and Beauty
By End User
Hospital
Cryotherapy Center
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Oncology Disorder Segment is Expected to Hold a Major Share in the Cryosurgery Devices Market

The oncology segment is expected to hold a major share in the cryosurgery devices market, owing to the higher prevalence of cancer and rising preference towards minimally invasive surgery. According to the World Health Organization, the burden of cancer in 2018 was around 18.1 million cases globally. It is the second leading cause of death worldwide, causing around 9.6 million deaths according to the above-mentioned source.

Furthermore, cryoablation has been observed to be very effective in the treatment of breast carcinomas over the percutaneous ablation method. According to the World Health Organization, in 2018, lung and breast cancers are the most prevalent, and approximately 2.1 million had been diagnosed with it. Therefore, the aforementioned factors are expected to impact positively on the cryosurgery devices market.

Cryosurgery Devices Market Trend.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to be a dominant region for the studied market, owing to the increasing burden of chronic disorders and the presence of product approvals. According to the National Cancer Institutes, in 2018, approximately 1.74 million had been diagnosed with cancer in the United States. Furthermore, in 2019, the US FDA approved two cryosurgical devices ‘ CryoTouch’ and ‘CryoLab’ developed by Cryoconcepts. Cryotouch is a portable device that delivers cryogen to the targeted lesions while the cryolab has been involved in high volume surgeries. These have been approved for 23 indications. Hence, such factors are expected to drive the cryosurgery market in North America.

Cryosurgery Devices Market - Growth Rate by Region

Competitive Landscape

Some of the companies that are currently dominating the market are Harvard Bioscience Inc., AtriCure Inc., Brymill Cryogenic Systems, Cardinal Health, CryoConcepts, Cortex Technology, Bovie, and Cooper Surgical.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Chronic Diseases

      2. 4.2.2 Rising Preference for Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Guidelines and Reimbursement Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Tissue Contact Probes

      2. 5.1.2 Tissue Spray Probes

      3. 5.1.3 Epidermal and Subcutaneous Cryoablation Devices

    2. 5.2 By Application

      1. 5.2.1 Surgeries

        1. 5.2.1.1 Oncology

        2. 5.2.1.2 Cardiology

        3. 5.2.1.3 Dermatology

        4. 5.2.1.4 Other Applications

      2. 5.2.2 Pain Management

      3. 5.2.3 Recovery, Health, and Beauty

    3. 5.3 By End User

      1. 5.3.1 Hospital

      2. 5.3.2 Cryotherapy Center

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ArtiCure Inc.

      2. 6.1.2 Bovie

      3. 6.1.3 Brymill Cryogenic Systems

      4. 6.1.4 BVM Medical

      5. 6.1.5 Cardinal Health

      6. 6.1.6 CryoConcepts

      7. 6.1.7 Cortex Technology

      8. 6.1.8 Cooper Surgical

      9. 6.1.9 Harvard Bioscience Inc.

      10. 6.1.10 Premier Medical Co.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Cryosurgery Devices Market market is studied from 2018 - 2026.

The Cryosurgery Devices Market is growing at a CAGR of 6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Cardinal Health, Cryoconcepts, Cooper Surgical, AtriCure Inc., Cortex Technology are the major companies operating in Cryosurgery Devices Market.

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