According to the report, the global Cryotherapy Units market was valued at approximately USD 344 million in 2018 and is expected to reach a value of around USD 503 million by 2025, at a CAGR of around 5.37% between 2019 and 2025.
Cryotherapy unit, which is also referred to as cryosauna is medical equipment that is utilized for cryotherapy treatment. The main principle of cryotherapy is that the nerve that is affected is detected through the utilization of imaging & visual methods first and is followed by precise targeting using an in-built electrical stimulator in the cryotherapy unit.
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Furthermore, the cryotherapy unit possesses compartments that help the cold water to consistently circulate and offer a consistent therapeutic temperature.
Bulge in the sports injuries and elite athletes will drive the market trends
The myriad sports events taking place across the globe and large-scale acceptance of whole body cryotherapy by various sportspersons as well as athletes are likely to result in the huge market demand over the forecast timeline. In addition to this, increase in the number of injuries caused in the sports events and constant rise in the use of cryotherapy will aggrandize the scope of the business during the forecast period.
Furthermore, a surge in the product indications and large product offerings by key business players across the globe are few of the factors likely to steer the growth of the cryotherapy units industry over the forecast period. Apparently, launching effective cryosauna is set to raise the acceptance of cryotherapy chambers in health & fitness centers and spas. Nonetheless, lack of evidence related to the safety of cryotherapy for particular medical uses, negative impact of cryotherapy, shortage of cryogenic gases & fluids, and non-formulation of standard guidelines will hamper the market growth over the forecast timeline.
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Whole Body Cryotherapy to lead the product type segment by 2025 in terms of revenue
The growth of the whole body cryotherapy segment during the forecast timeframe is attributed to the massive usage of the product type by the sportspersons and particularly athletes due to large-scale occurrence of injuries during the sports activities.
Liquid Nitrogen Therapy to dominate cryogen type segment by 2025 in terms of volume
The segmental growth during the timespan from 2019 to 2025 is credited to large-scale application of liquid nitrogen therapy as a result of its safety features.
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Europe to contribute majorly towards the overall market revenue growth over the forecast period
The growth of the regional market during the forecast period is owing to the entry of new participants, introduction of user-friendly products, and acceptance of the cryotherapy units in sports & fitness industry in European continent. Moreover, new product features provided by the competing firms will further increase the market sales over the forecast timeline.
Furthermore, the massive use of the largest number of new cryotherapy units in medical sector by countries like Poland will further steer the market revenue growth over the forecast timeline.
Some of the key players in the market include Zimmer MedizinSysteme GmbH, inomed Medizintechnik GmbH, YUKA, R&D Krion LLC, Metrum Cryoflex Sp. z o. o., Sp. K., Easytech Srl, Impact Cryotherapy, Mecotec GmbH, Grand Cryo LLC, Titan Cryo, Cryonic Medical, and Cryotech Nordic Ltd.
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This report segments the Cryotherapy Units market as follows:
Global Cryotherapy Units Market: By Product Type Segment Analysis
- Whole Body Cryotherapy
- Partial Body Cryotherapy
Global Cryotherapy Units Market: By Cryogen Type Segment Analysis
- Liquid Nitrogen Therapy
- Dry Ice Therapy
Global Cryotherapy Units Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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