Cryochambers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cryochambers market size has grown strongly in recent years. It will grow from $6.70 billion in 2023 to $7.30 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to research and development initiatives, sports and fitness industry adoption, rise in cryotherapy, demand for non-invasive therapies, and adoption in the sports and fitness industry.
The cryochambers market size is expected to see strong growth in the next few years. It will grow to $10.46 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to expansion into new markets, regulatory support and standards, expansion of applications in the medical field, increasing demand in sectors like healthcare, automotive, and consumer electronics, economic growth. Major trends in the forecast period include integration of AI and IoT, hybrid cryotherapy solutions, medical integration and validation, sustainable practices, focus on user experience, partnerships and collaborations.
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Scope Of Cryochambers Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cryochambers Market Overview
Market Drivers –
The increasing number of sports and fitness injuries are expected to propel the growth of the cryochambers market going forward. Sports and fitness injuries refer to physical injuries or conditions resulting from participating in sports activities or fitness exercises. Sports and fitness injuries are rising due to intense training, lack of conditioning, improper technique, equipment issues, and environmental conditions. Athletes and sports professionals commonly use cryotherapy in their rehabilitation programs to help recover from injuries and enhance recovery after intense training sessions or competitions. Cryochamber sessions may help athletes recover more quickly from sports-related injuries such as strains, sprains, and muscle soreness, allowing them to return to training and competition sooner. For instance, according to the National Safety Council (NSC), a US-based nonprofit organization dedicated to promoting health and safety across various sectors, the number of people treated in emergency departments for injuries involving sports and recreational equipment was 3.6 million in 2022, an increase of 12% from 2021. Therefore, increasing sports and fitness injuries is driving the growth of the cryochambers market.
Market Trends –
Major companies operating in the commercial overhead doors market are developing advanced products with the integration of innovative technologies, such as LED lighting, to gain a competitive edge in the market. Integrated LED lighting contributes to safety and security by illuminating the garage area, deterring potential intruders, and creating a more welcoming environment. For instance, in March 2023, Overhead Door Corporation, a US-based manufacturer of residential and commercial door solutions, launched the Models 2129L and 2129BL, the new Legacy 850 Garage Door Opener models with integrated LED lighting. These doors are designed to offer homeowners energy-efficient, aesthetically pleasing light and a maintenance-free operating experience. Models 2129L/BL also offer advanced home security and technology, including patented auto-seek dual frequency technology, self-diagnostic Safe-T-Beam System, CodeDodger Access Security System, and HomeLink and Car2U integration for added convenience.
The cryochambers market covered in this report is segmented –
1) By Type: Individual Units Or Cryosauna, Multiple Person Units Or Cryochambers
2) By Therapy: Cryosurgery, Icepack Therapy, Chamber Therapy
3) By Application: Fitness Center And Beauty Spa, Cryotherapy Centers, Sports Clubs, Athletes Associations
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Regional Insights –
North America was the largest region in the cryochambers market in 2023. The regions covered in the cryochambers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the cryochambers market are Medtronic plc, Stryker Corporation, Air Products And Chemicals, Boston Scientific Corporation, Steris plc, CooperSurgical Inc., DJO LLC, Novotech, Zimmer MedizinSysteme, Pregna International Limited, METRUM CRYOFLEX Sp. z o.o., Mectronic Medicale S.r.l., CryoConcepts LP., Cortex Technology, CryoAction, KrioSystem, JUKA, Impact Cryotherapy, Cryosense, Advanced Monitors Corporation, Brymill Cryogenic Systems, Wallach Surgical Devices, Cryoswiss GmbH, CryoBuilt Inc., CRYO Science, C A Manufacturing Sp zoo, Cryoalfa
Table of Contents
- Executive Summary
- Cryochambers Market Characteristics
- Cryochambers Market Trends And Strategies
- Cryochambers Market – Macro Economic Scenario
- Global Cryochambers Market Size and Growth
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- Global Cryochambers Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cryochambers Market
- Cryochambers Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cryochambers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cryochambers Market, Segmentation By Therapy, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cryochambers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 74: Medtronic plc Financial Performance
Table 75: Stryker Corporation Financial Performance
Table 76: Air Products And Chemicals Financial Performance
Table 77: Boston Scientific Corporation Financial Performance
Table 78: Steris plc Financial Performance
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