Global Cryosurgical Systems Market

Report ID : 1320 | Published : 2022-08-01 | Pages: | Format: PDF/EXCEL

The market size of the Global Cryosurgical Systems Market is predicted to show an 8.64% CAGR during the forecast period.

Cryosurgical systems are used to treat a variety of illnesses or disorders, particularly a number of benign and cancerous skin conditions. An intense cold is applied during surgery to destroy unhealthy tissues. Several techniques, including carbon dioxide, liquid nitrogen, argon, and freeze sprays, are used in cryosurgery. Liquid nitrogen serves as the cooling ingredient in the commonly used nitrogen method of cooling the scraping. The primary factors that will affect the market's growth are the rise in the prevalence of cancer and sports injuries, the rising desire for minimally invasive therapies, and the development of technology in cryosurgical systems. The cryosurgical device market will develop due to rising interest in wellness, beauty, and fitness. The constraints that will restrain market expansion, however, are the use of dangerous cryogenic gases in a variety of Cryosurgical Systems and a lack of knowledge about the advantages of Cryosurgical Systems. During the forecast period, the Cryosurgical Systems market will also face challenges from tight laws and regulations related to product approval.

Market Segmentation:

The Cryosurgical Systems market is segmented on the basis of product type and application. Based on product type, the market is segmented as Cryosurgical Console Systems and Compact Cryosurgical Systems. On the basis of end-user, the market is segmented into Hospitals, Clinics and Others.

Based on product type, the Cryosurgical Console Systems segment is accounted as a significant contributor to the Cryosurgical Systems market

On the basis of product type, the market is segmented as Cryosurgical Console Systems and Compact Cryosurgical Systems. The Cryosurgical Console System segment is expected to grow at a significant rate over the forecast period. Cryosurgical Console System console provides the optimum balance of simple controls and built-in safety features. For Nitrous Oxide, it employs the strong LL100 two-trigger freezer. Freeze and defrost only occur when activated and can be halted at any time. A console-mounted switch must be triggered to allow gas to flow into the LL100, and a colour-coded gauge offers gas pressure readings at a glance. During cryosurgery, the Temperature Indicator provides surgeons with unprecedented control and efficiency. A wide range of reusable sterilizable cryotips and disposable plastic shields are available.

Hospital segment witnessed growth at a rapid rate

On the basis of end-user, the market is segmented into Hospitals, Clinics and Others. The hospital segment is expected to dominate the market over the forecast period due to a large consumer base, rising healthcare costs, an increase in disease rates, and the existence of helpful legislative frameworks. Over the projected period, the end-user sector for hospitals is anticipated to increase at the fastest rate. The demand for cryosurgery and related products in hospitals is rising as a result of improvements in cryosurgical equipment for the treatment of various diseases and disorders.

In the region, the North America Cryosurgical Systems market holds a significant revenue share.

The North America Cryosurgical Systems market is expected to register the highest market share in terms of revenue soon due to the region's well-developed healthcare industry, the presence of significant key players, favourable regulatory conditions, high adoption of cutting-edge technological solutions, and high healthcare expenditures. The market is boosting as a result of rising R&D efforts, increased efforts by top players to ensure the accessibility of cryosurgical systems equipment, and growing government backing. Furthermore, the cryosurgical systems industry has seen increasing revenues because of the expanding use of cryosurgical equipment to assist in cryosurgeries around the world. Cryosurgical systems are being used more and more to treat diseases, especially cancer. This is making end-users want these devices more, causing the cryosurgical systems market in this area to proliferate.

Competitive Landscape

Some of the major key players in the Cryosurgical Systems market are Wallach Surgical, WeMed, Brymill Cryogenic Systems, Princeton Cryo, Cryoalfa, MFI Medical, Bovie Medical, Cooltouch, CooperSurgical, Cortex Technology, Epimed, Erbe Elektromedizin, H&O Equipment, Keeler and Medgyn Products.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Cryosurgical Systems Market Snapshot

Chapter 4. Global Cryosurgical Systems Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Product Type Estimates & Trend Analysis

5.1. By Product Type & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Product Type:

5.2.1. Cryosurgical Console Systems

5.2.2. Compact Cryosurgical Systems

Chapter 6. Market Segmentation 2: By End-user Estimates & Trend Analysis

6.1. By End-user & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-user:

6.2.1. Hospitals

6.2.2. Clinics

6.2.3. Others

Chapter 7. Cryosurgical Systems Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Cryosurgical Systems Market revenue (US$ Million) estimates and forecasts By Product Type, 2020-2030

7.1.2. North America Cryosurgical Systems Market revenue (US$ Million) estimates and forecasts By End-user, 2020-2030

7.1.3. North America Cryosurgical Systems Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

7.2. Europe

7.2.1. Europe Cryosurgical Systems Market revenue (US$ Million) By Product Type, 2020-2030

7.2.2. Europe Cryosurgical Systems Market revenue (US$ Million) By End-user, 2020-2030

7.2.3. Europe Cryosurgical Systems Market revenue (US$ Million) by country, 2020-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Cryosurgical Systems Market revenue (US$ Million) By Product Type, 2020-2030

7.3.2. Asia Pacific Cryosurgical Systems Market revenue (US$ Million) By End-user, 2020-2030

7.3.3. Asia Pacific Cryosurgical Systems Market revenue (US$ Million) by country, 2020-2030

7.4. Latin America

7.4.1. Latin America Cryosurgical Systems Market revenue (US$ Million) By Product Type, (US$ Million)

7.4.2. Latin America Cryosurgical Systems Market revenue (US$ Million) By End-user, (US$ Million)

7.4.3. Latin America Cryosurgical Systems Market revenue (US$ Million) by country, 2020-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Cryosurgical Systems Market revenue (US$ Million) By Product Type, (US$ Million)

7.5.2. Middle East & Africa Cryosurgical Systems Market revenue (US$ Million) By End-user, (US$ Million)

7.5.3. Middle East & Africa Cryosurgical Systems Market revenue (US$ Million) by country, 2020-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Wallach Surgical

8.2.2. WeMed

8.2.3. Brymill Cryogenic Systems

8.2.4. Princeton Cryo

8.2.5. Cryoalfa

8.2.6. MFI Medical

8.2.7. Bovie Medical

8.2.8. Cooltouch

8.2.9. CooperSurgical

8.2.10. Cortex Technology

8.2.11. Epimed

8.2.12. Erbe Elektromedizin

8.2.13. H&O Equipment

8.2.14. Keeler

8.2.15. Medgyn Products

8.2.16. Other Prominent Players

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
  • South East 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

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

Need Complete Report ?

Frequently Asked Questions

Who are the Key Players in the Global Cryosurgical Systems Market?

8.64% CAGR during the forecast period.

Our Clients