Increasing Use of Cryosurgery to Boost the Liquid Nitrogen Market | Technavio

October 12, 2017

LONDON–(BUSINESS WIRE)–#IndustrialGases—Technavio
market research analysts forecast the global
liquid nitrogen market to grow at a CAGR of more than 5% during the
forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the
global liquid nitrogen market for 2017-2021. The report also lists the
Americas, APAC, EMEA as the three major segments. The Americas dominated
the market with 60% of the overall share in 2016.

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global liquid
nitrogen market:

Increasing use of cryosurgery and cryotherapy
Increased application in cryogenics
Safety concerns in food and beverages industry

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Increasing use of cryosurgery and cryotherapy

Cryosurgery and cryotherapy are treatment techniques of using low
temperature on the affected parts of the skin such as warts, seborrheic
keratosis, and actinic keratosis. The technique is also being used for
treating certain types of cancers. The advantage of this method is that
the process is fast, requires less time, and does not leave any scar on
the surface. The market for these techniques is expected to grow over
USD 4 billion during the forecast period. Europe and North America are
expected to have the maximum share as their healthcare sectors are well
developed and have modern equipment to support such surgeries.

According to Kshama Upadhyay, a lead analyst at Technavio for industrial
gases research, “Cryosurgery uses liquid nitrogen for treatment
through both internal and external application. In internal
applications, liquid nitrogen is passed through tubes, and for external
cases, it is applied to the skin. It immediately freezes the affected
cells and kills them before they separate from the body and fall off.”

Increased application in cryogenics

Cryogenic activities are increasing around the globe, with APAC driving
the growth. Cryogenics is the science of using temperature as low as
-180°C, in various applications such as chemicals, healthcare,
pharmaceuticals, construction, automotive, and electronics. Industrial
applications use cryogenic liquid gases such as nitrogen, carbon
dioxide, argon, helium, and hydrogen. Nitrogen is the most prominent
among these gases.

“The growth of cryogenic applications in APAC can be attributed to
the development of the energy sector and the growth of the end-user
industries such as food and beverages, healthcare, construction, and
electronics. China and India are supporting the growth with initiatives
such as Make in India,” says Kshama.

Safety concerns in food and beverages industry

Safety concerns in the food and beverage industry will boost the demand
for liquid nitrogen. The food and beverage industry is growing due to
the increasing population and competitive commodity branding of various
products. The demand for bakery and confectionery food items is expected
to grow at a rapid rate during the forecast period.

Liquid nitrogen finds application in the food processing industry for
food items such as meat, fruits, vegetables, baked food, dairy products,
and prepared foods. The benefits of cryogenic freezing over traditional
mechanical freezing are that the former is eco-friendly, fast, less
time-consuming, and does not alter the quality, texture, and color of
the food product.

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