Overview


Europe thermo therapy market is estimated to grow 2.4x between 2022 and 2031 creating an absolute $ opportunity of more than USD 673.3 million. The recent increase in demand for treatment options is largely attributed to the growing prevalence of chronic pain and musculoskeletal disorders, alongside a shift towards non-invasive therapies. Innovations in technology, including wearable heat therapy devices and targeted thermal systems, are significantly improving patient comfort and enhancing clinical outcomes.

In 2020, the thermo therapy market declined and witnessed a YoY of -6.0% in 2020, compared to7.0% of YoY in 2019. Non-urgent or elective procedures, including certain thermotherapy treatments, may have been delayed or postponed to prioritize COVID-19 patients and conserve healthcare resources.

Radiofrequency ablation (RFA) has been extensively used for the treatment of liver tumors and has shown favorable outcomes in terms of tumor control and patient survival. Microwave ablation is another thermal technique gaining popularity for liver tumor treatment due to its ability to generate higher temperatures more rapidly and create larger ablation zones.

Germany dominates the thermos therapy market in European region in 2022. Germany is home to leading medical device manufacturers and research institutions that focus on thermo therapy technologies. While the Benelux countries have the potential for high growth in the thermo therapy market.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Thermo Therapy Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Thermo Therapy Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

  • AngioDynamics
  • Theraclion
  • Oncotherm Kft
  • Sensius
  • Siemens
  • Medtronic
  • Boston Scientific Corporation
  • CLS AB
  • Pyrexar Medical
  • Nanospectra Biosciences

(Note: The list of major players will be updated with the latest market scenario and trends)

Recent developments by key players in the Thermo Therapy Market: 

AngioDynamics

  • In October 2024, the American Medical Association approved Category I CPT® codes for NanoKnife treatments targeting prostate and liver lesions. This decision, which will take effect on January 1, 2026, is expected to enhance insurance coverage and simplify the reimbursement process for these innovative procedures.

Theraclion

  • In June 2024, the pivotal VEINRESET study achieved a significant milestone by completing treatments for 70 patients at centers across the U.S. and Europe. The 6-month follow-up phase has concluded, and the 12-month evaluation is currently in progress. Topline results are expected by the summer of 2025, with an FDA submission planned for late 2025, potentially leading to approval in early 2026.

By Type of Therapy

  • Radiofrequency Ablation
  • Cryoablation
  • Laser Ablation
  • Microwave Ablation
  • High-Intensity Focused Ultrasound (HIFU)
  • Other Thermo Therapy Techniques

By Application

  • Breast Tumors
    • Benign
    • Malignant
  • Liver Tumors
    • Benign
    • Malignant
  • Prostate Tumors
    • Benign
    • Malignant

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Thermo Therapy Market By Type of Therapy, By Application and By Region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape, mapping- product launches, technological advancements, mergers and expansions

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
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Table of Contents


  • 1.  Market Introduction
    •   1. Objectives of the Study 
        2. Market Definition 
        3. Market Scope 
           3.1. Years Considered for the Study
           3.2. Market Covered
        4. Currency 
        5. Limitations 
        6. Stakeholders 

  • 2.  Research Methodology
    •   1 Research Data 
           1.1. Secondary Data
              1.1.1. Key Data from Secondary Sources
           1.2 Primary Data
              1.2.1. Key Data from Primary Sources
        3.Market Size Estimation 
        4. Market Breakdown and Data Triangulation 
        5. Assumptions for the Study 

  • 3.  Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights

  • 4.  Thermo Therapy Market Variables, Trends & Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Application Overview
        6. Regulatory Framework
           6.1. Reimbursement Framework
           6.2. Standards and Compliances

  • 5.  Market Overview
    •   1. Market Dynamics
           1.1. Market Driver Analysis
              1.1.1. Increasing focus of Thermo Therapy Market Companies on Brand Protection
              1.1.2. Untapped Opportunities in Emerging Regions
           1.2. Market Restraint Analysis
              1.2.1. High Cost Associated with Implementation of Predictive Analysis
           1.3. Industry Challenges
              1.3.1. Presence of Ambiguous Regulatory Framework

  • 6.  Thermo Therapy Market Analysis Tools
    •   1. Industry Analysis - Porter’s
           1.1. Supplier Power
           1.2. Buyer Power
           1.3. Substitution Threat
           1.4. Threat from New Entrants
           1.5. Competitive Rivalry
        2. Pestel Analysis
           2.1. Political Landscape
           2.2. Environmental Landscape
           2.3. Social Landscape
           2.4. Application Landscape
           2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
           3.1. Joint Ventures
           3.2. Mergers and Acquisitions
           3.3. Licensing and Partnership
           3.4. Application Collaborations
           3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies

  • 7.  Thermo Therapy Market, By Type of Therapy Historical Analysis and Forecast 2025-2033 (USD Million)
      1. Radiofrequency Ablation
      2. Cryoablation
      3. Laser Ablation
      4. Microwave Ablation
      5. High-Intensity Focused Ultrasound (HIFU)
      6. Other Thermo Therapy Techniques
  • 8.  Thermo Therapy Market, By Application Historical Analysis and Forecast 2025-2033 (USD Million)
      1. Breast Tumors
        1.1. Benign
        1.2. Malignant
      2. Liver Tumors
        2.1. Benign
        2.2. Malignant
      3. Prostate Tumors
        3.1. Benign
        3.2. Malignant
  • 9.  North America Thermo Therapy Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
           2.1. U.S.A
           2.2. Canada
           2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2025-2033

  • 10.  Latin America Thermo Therapy Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
           2.1. Brazil
           2.2. Venezuela
           2.3. Argentina
           2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2025-2033

  • 11.  Europe Thermo Therapy Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
           2.1. Germany
           2.2. U.K
           2.3. France
           2.4. Italy
           2.5. Spain
           2.6. Russia
           2.7. Poland
           2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2025-2033

  • 12.  Asia Pacific Thermo Therapy Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
           2.1. Japan
           2.2. China
           2.3. India
           2.4. Australia and New Zealand
           2.5. ASEAN
           2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2025-2033  

  • 13.  Middle East and Africa Market Analysis 2018-2024 and Forecast 2025-2033 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2024
           2.1. GCC
           2.2. Israel
           2.3. South Africa
           2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2025-2033

  • 14.  Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix

  • 15.  Company Profiles (Competition Dashboard, Competitors Deep Dive, Drug Types Offered and Financial Layouts)
    •   1. AngioDynamics
        1.1. Company Overview
        1.2. Drug Type Portfolio
        1.3. SWOT Analysis
        1.4. Financial Overview
        1.5. Strategic Overview
        2. Theraclion
        2.1. Company Overview
        2.2. Drug Type Portfolio
        2.3. SWOT Analysis
        2.4. Financial Overview
        2.5. Strategic Overview
        3. Oncotherm Kft
        3.1. Company Overview
        3.2. Drug Type Portfolio
        3.3. SWOT Analysis
        3.4. Financial Overview
        3.5. Strategic Overview
        4. Sensius
        4.1. Company Overview
        4.2. Drug Type Portfolio
        4.3. SWOT Analysis
        4.4. Financial Overview
        4.5. Strategic Overview
        5. Siemens
        5.1. Company Overview
        5.2. Drug Type Portfolio
        5.3. SWOT Analysis
        5.4. Financial Overview
        5.5. Strategic Overview
        6. Medtronic
        6.1. Company Overview
        6.2. Drug Type Portfolio
        6.3. SWOT Analysis
        6.4. Financial Overview
        6.5. Strategic Overview
        7. Boston Scientific Corporation
        7.1. Company Overview
        7.2. Drug Type Portfolio
        7.3. SWOT Analysis
        7.4. Financial Overview
        7.5. Strategic Overview
        8. CLS AB
        8.1. Company Overview
        8.2. Drug Type Portfolio
        8.3. SWOT Analysis
        8.4. Financial Overview
        8.5. Strategic Overview
        9. Pyrexar Medical
        9.1. Company Overview
        9.2. Drug Type Portfolio
        9.3. SWOT Analysis
        9.4. Financial Overview
        9.5. Strategic Overview
        10. Nanospectra Biosciences
        10.1. Company Overview
        10.2. Drug Type Portfolio
        10.3. SWOT Analysis
        10.4. Financial Overview
        10.5. Strategic Overview

  • 16.  Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations

  • 17.  FutureWise SME Key Takeaway Points for Client
    •         

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