2 decades . The cryotherapy demand has been predicted to propel owing to the upward trend in the incidence and prevalence of cancer over the forecast period .
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North America market has been projected to dominate the regional sector owing to advanced healthcare infrastructure . Well-established healthcare infrastructure and high per capita healthcare expenditure in the U . S has anticipated to drive cryogenic gases application for therapeutic purposes . Moreover , availability of cryoprobe , cryoguns , and other advanced products are estimated to drive the demand .
Asia Pacific region has expected to exhibit the highest growth rate over the forecast period due to untapped opportunities in the region . Furthermore , patient awareness of cryosurgery for cancer and skin treatments coupled with the rapidly developing healthcare infrastructure in the emerging Asian nations has predicted to enhance the growth .
Cryotherapy is a growing market delivering various opportunities for the healthcare sector and has attracted a large number of target audience . Various venture capitalists , niche companies manufacturing cryoablation / cryotherapy systems , research and consulting firms , cryotherapy equipment manufacturers and distributors , healthcare institutions ( hospitals , medical schools , group practices , individual surgeons , and governing bodies ), medical device vendors / service providers and research institutes are actively implementing cryotherapy .
Various global companies have already entered cryotherapy market with the growing audience in the industry . Some of the major players include Medtronic ( Ireland ), Galil Medical ( US ), Zimmer MedizinSysteme ( Germany ), Cooper Surgical ( US ) and Impact Cryotherapy ( US ).
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