Cryosurgical applications for cancer held the largest market share in 2014 owing to its rising incidences of various forms of cancer in the global population.
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Cryosurgery Market To 2022- Industry Trends, Forecast: Grand View Research, Inc.
1. Cryosurgery Market Analysis by Application
(Retinoblastomas and Cancers, Skin Tags, Skin Tumors,
Actinic Keratosis, Freckles, and Nodules), by Device
(Probes, Cryogens, Cryogen and Others), by Technology
(Cryoprobe, Spray Technique, Thermo-Couple Device,
Dipstick Applicator Method, and Forceps Technique) and
Segment Forecasts to 2022
Growth of the cryosurgery market is expected to witness significant growth during
the forecast period owing to rising demand of minimally-invasive surgeries and
increasing applicability of cryosurgery in treating cancer and retinoblastomas.
Various types of cancer such as lung, prostate, cervical, and melanomas can be
treated by use of cryosurgery. Along with cancer, various skin disorders can also
be treated by use of this procedure thereby enhancing the usage and adoption rates
for cryosurgery in the market.
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Other drivers of the market include reduction in the cost of treatment, elimination
of adverse effects and availability of improved accessibility to the cancerous cells.
Cryosurgical procedures are comparatively less expensive than other cancer
surgeries. Usage cryosurgery procedures in combination with radiation and
chemotherapies help in reduction of drug administration leading to a considerable
decrease in side effects thereby enhancing the market penetration rates for
cryosurgical applications. Legal and easy availability of various cryogenic agents
such as liquid nitrogen, argon and helium are also expected to further propel the
growth of this market.Cryosurgery market can be segmented according to various
bases.
3. Cryosurgical applications for cancer held the largest market share in 2014 owing
to its rising incidences of various forms of cancer in the global population. The
most common type of cancer to affect people during the forecast period is expected
to be lung cancer and an expected increased usage of cryosurgery for the same is
expected to further drive market demand throughout the forecast period.
Furthermore, cryo-spray technology accounted for the largest share of the market
in 2014. However, dipstick applicator method is expected to grow at a relatively
high growth rate due to the higher level of accessibility and lesser collateral
damage provided by them. Cryo-probes are least expensive in the current scenario
and are expected to dictate the devices segment of the market owing to their
increasing demand by healthcare facilities.
North America accounted for the largest share in 2014 in the global cryosurgery
market due to increasing prevalence of cancer and skin disorders in the region
along with rising awareness and demand by patients for minimally invasive
procedures.
4. India, China, Brazil and Japan are anticipated to witness the fastest growth during
the forecast period, thereby promoting Asia Pacific and Latin America as attractive
regions for the market. Increasing healthcare spending, improving healthcare
infrastructure and facilities, and rising popularity of minimally invasive surgical
methods among the people of these regions are major impact rendering drivers for
the growth of the market through to 2022. Key players of the cryosurgery market
include Wallach Surgical Devices, CryoConcepts LP, Zimmer Medizinsysteme,
CoolTouch Inc., SMT Medical, Cortex Technology, Uzumcu, Erbe Medical,
Medtronic, Hironic, Cryoalfa Europe Ltd, Mectronic Medicale srl, CryoProbe,
Physio Med, and Brymill Cryogenics Systems. Promoting programmes and
conferences highlighting the technological advancement and advantages of the
procedures by the companies are anticipated to increase awareness among people,
boosting the growth of the cryosurgery market during the next seven years.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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