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Cryotherapy is based on minimally invasive technologies that are widely used to treat benign and malignant tumors, pain conditions, sports injuries, and tissue damage.

Cryotherapy is a method to freeze localized tissue to break them down and thus get rid of the pain or tumor cells.The increasing prevalence of cancer, growing popularity of fitness, beauty and cosmetic surgeries, along with rising advancements and technological innovations in cryotherapy have fueled the growth of the market.

For instance, as per the data by the World Health Organization (WHO), globally, cancer is the second-largest cause of mortality, leading to the death of an estimated 9.6 million people in 2018.Based on product, the global cryotherapy market is segmented into cryosurgery devices, localized cryotherapy devices, and cryosaunas.

The cryosurgery devices are further sub-segmented into epidermal & subcutaneous cryoablation devices, tissue contact probes, and tissue spray probes.

The market is currently dominated by cryosurgery devices, as it is a more effective mode of tumor treatment due to higher efficiency and the ability to treat multiple tumors at the same time.Based on application, the cryotherapy market is segmented into surgical application, pain management, and health & beauty, recovery.

The major market share among all the respective segments, in the forecast period, is expected to be of surgical application as it is preferred for the treatment of an increasing number of cancer incidences due to potential benefits.On the basis of end users, the global market is segmented into hospitals & specialty clinics, and spas.