Global Isolation Tank Market, By Type (Cabin-Type, Open), Application (Hospital, Research Institute) – Industry Trends and Forecast to 2029
Market Analysis and Size
In the projected period of 2022 to 2029, the isolation tank market is expected to develop. Data Bridge Market Research shows that the market is expected to increase at a CAGR of 4.30 percent over the forecast period. The market's growth will be aided by increased awareness of the benefits of isolation tanks among physicians and patients.
Data Bridge Market Research analyses that the isolation tank market is expected to undergo a CAGR of 4.80 % 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.
Report Scope and Market 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 Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Cabin-Type, Open), Application (Hospital, Research Institute)
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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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FloatStar (Germany) , Royal Spa (Italy), Stenal s.r.l. (Italy), Umbra Heavy Industries (U.S), ZenFloat (U.S), Rockwool A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Ireland), Armacell (Germany), Cabot Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany)
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Market Opportunities
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Market Definition
Individuals float in a lightless, soundproof tank filled with salt water at skin temperature, known as a isolation tank (also known as float tank, sensory deprivation tank, or sensory attenuation tank). They were originally employed in 1954 to see how sensory deprivation affected people. Isolation tanks are extensively promoted as an alternative therapy, but their health benefits have yet to be demonstrated.
Isolation Tank Market Dynamics
Drivers
- Government initiatives
Increased government initiatives to promote better isolation facilities, rising use of isolation tanks for disease treatment by adding salt water at skin temperature, and rising demand for isolation tanks in hospitals and for research purposes will all contribute to the isolation tank market's growth during the forecast period of 2022-2029. On the other hand, growing applications will generate various chances in the near future, resulting in the expansion of the isolation tank market throughout the forecast period.
- Increasing demand for LNG as a fuel
The oil and gas segment is expected to be the largest end-use industry for tank insulation during the forecast period. Tank insulation is used in the oil and gas industry in transportation and storage vessels where oil and natural gases/LNG are held and in liquefaction plants where natural gas is converted to a liquid condition. Insulating tanks assist keep LNG in its original form while storing and transferring it. As a result, the demand for tank insulation in the oil and gas industry is likely to rise as demand for LNG as a fuel grows around the world.
- Increased awareness of isolation tanks
The market's growth will be aided by increased awareness of the benefits of isolation tanks among physicians and patients.
Opportunities
Isolation transformers have been demonstrated to operate at high frequencies, they are also used as vibration and pulse transformers. These are also used to isolate very high and powerful voltages and it has high efficiency or performance.
Restraints/Challenges
The client's metabolism slows and the water naturally cools during a float. Towards the end of their float, some clients may feel cold. 2 hour floats are popular among regular clients. Even with the finest insulation, the water cools considerably over 2 hours, and most clients will notice unless the water was much warmer to begin with, which is against R.E.S.T principles.
This isolation tank 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 isolation tank market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Isolation Tank Market Scope
The isolation tank market is segmented on the basis of type and 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
- Cabin-type
- Open
Application
- Hospital
- Research Institute
Isolation Tank Market Regional Analysis/Insights
The isolation tank market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the isolation tank 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.
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.
Competitive Landscape and Isolation Tank Market Share Analysis
The isolation tank 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 isolation tank market.
Some of the major players operating in the isolation tank market are:
- FloatStar (Germany)
- Royal Spa (Italy)
- Stenal s.r.l. (Italy)
- Umbra Heavy Industries (U.S)
- ZenFloat (U.S)
- Rockwool A/S (Denmark)
- Owens Corning (US)
- Saint-Gobain (France)
- Kingspan Group (Ireland)
- Armacell (Germany)
- Cabot Corporation (US)
- Johns Manville (US)
- Knauf Insulation (US)
- BASF SE (Germany)
- Covestro AG (Germany)
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