Global Cryochambers Market, By Type (Individual Units/Cryosauna, Multiple Person Units/Cryochambers), Application (Fitness Center and Beauty Spa, Cryotherapy Centers, Sports Clubs and Athletes Associations) – Industry Trends and Forecast to 2029.
Cryochambers Market Analysis and Size
According to the WHO, cancer is the second-leading cause of mortality worldwide. Globally, 19.3 million people were diagnosed with cancer in 2020, and 9.96 million died of the disease. Cryosurgery is a minimally invasive procedure. It has many benefits over traditional operations, such as faster wound healing, shorter hospital stays, and less discomfort and surgical wounds.
Data Bridge Market Research analyses that the cryochambers market which was USD 6.39 billion in 2021, would rocket up to USD 12.64 billion by 2029, and is expected to undergo a CAGR of 8.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Cryochambers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Individual Units/Cryosauna, Multiple Person Units/Cryochambers), Application (Fitness Center and Beauty Spa, Cryotherapy Centers, Sports Clubs and Athletes Associations)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Zimmer MedizinSysteme GmbH (Germany), KrioSystem (Poland), Air Products and Chemicals Inc. (U.S.), METRUM CRYOFLEX POLSKA (Poland), Novotech (Australia), CryoAction (U.K.), JUKA (Germany), Cryosense (Spain), CRYO (Poland)
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Market Opportunities
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Market Definition
Cryotherapy is a cold therapy for the skin and body. One of the most popular forms of cryotherapy includes subjecting the complete body to temperatures between -100°C and -160°C. This is done for some special therapeutic reasons. The cryochamber is a special room where this process often occurs. Patients' bodies experience some sort of change as a result of the cryochambers' extreme temperature reduction for a short period of time.
Cryochambers Market Dynamics
Drivers
- Increase in prevalence of injuries
The global market for cryochambers is expected to have high demand over the forecast period due to the prevalence of muscular discomfort and sports injuries, which is expected to continue to rise. The market will expand more quickly during the forecast period of 2022–2029. On the other hand, as the number of cryochambers increases globally, this will open up more chances and fuel the expansion of the cryochambers market throughout the course of the forecast period.
- Rise in cryotherapy
The rising trend of cryotherapy at spas and wellness centres will increase the demand for cryochambers. This therapy is gaining popularity due to its supposed beneficial effects on eczema, depression, anxiety, exercise recovery, and reduction in pain and inflammation.
Opportunities
The cryochambers market's growth is fuelled by the introduction of more efficient cryosauna which is expected to increase the adoption rate of individual cryotherapy chambers by facilities such as spas and fitness centers. This will provide beneficial opportunities for the cryochambers market growth.
Moreover, an increase in the number of emerging markets and new product launches will further provide beneficial opportunities for the cryochambers market growth during the forecast period.
- Increasing demand of athletes
The cryochambers market is anticipated to rise over the coming years as a result of an increase in demand from athletes' associations and sports clubs for cryochambers. Additionally, the expansion of applications in fitness centers and beauty spas in several nations, including China and Latin America, improves the prospects for manufacturers in these areas. Furthermore businesses in this market will have plenty of chances to the growing senior population in APAC nations such as Japan and South Korea.
Restraints/Challenges
On the other hand, the lack of evidence pertaining to the safety and efficacy of cryotherapy for certain medical applications, lack of fully evolved regulatory pathways, adverse effects of cryotherapy, shortage of cryogenic liquids and gases will obstruct the market's growth rate.
This cryochambers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cryochambers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- January 2020 - A 20 Watt, 20 Kelvin cryocooler that NASA recently developed is essential for achieving zero boil-off of liquid hydrogen. Integrating a cryocooler to intercept and collect heat from the cryogenic tank support structure and/or a large area cooled shield enables active thermal control of cryogenic propellants
- In January 2019, The SHI Cryogenics Group released the RDE-418D4 1.8/2.0W 4K Cryocooler, adding a new model to its lineup of Gifford-McMahon (GM) Cryocoolers. The RDE-418D4 expands SHI's current lineup of 0.1W to 1.5W models and is the company's highest-capacity 4K cryocooler to date. High cooling capacities, compact designs, and orientation-free operation make SHI's 4K GM Cryocoolers among of the most dependable and adaptable systems on the market.
Global Cryochambers Market Scope
The cryochambers market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Individual Units/Cryosauna
- Multiple Person Units/Cryochambers)
Application
- Fitness Center and Beauty Spa
- Cryotherapy Centers
- Sports Clubs
- Athletes Associations
Cryochambers Market Regional Analysis/Insights
The cryochambers market is analysed and market size insights and trends are provided by country, type, application as referenced above.
The countries covered in the cryochambers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cryochambers market due to medical practitioners have started recommending the use of cryochambers to certain patients in this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029, owing to the emergence of several wellness centers in Malaysia, China, India, Indonesia and Japan.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The cryochambers market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cryochambers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cryochambers market. The data is available for historic period 2010-2020.
Competitive Landscape and Cryochambers Market Share Analysis
The cryochambers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cryochambers market.
Some of the major players operating in the cryochambers market are:
- Zimmer MedizinSysteme GmbH (Germany)
- KrioSystem (Poland)
- Air Products and Chemicals Inc. (U.S.)
- METRUM CRYOFLEX POLSKA (Poland)
- Novotech (Australia)
- CryoAction (U.K.)
- JUKA (Germany)
- Cryosense (Spain)
- CRYO (Poland)
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