The cryochambers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
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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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
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 cryotherapy market are developing innovative disposable cryocare devices, such as the Isolis cryoprobe, to freeze and destroy tissue targets precisely. Isolis cryoprobeis is a disposable device intended for single use or has a limited lifespan before being discarded. For instance, in May 2023, Varian Medical Systems, a US-based medical device company, launched the Isolis cryoprobe, a single-use, disposable device designed for cryoCare systems to improve procedural efficiency and precision for cryoablation. The new Isolis cryoprobe gives the interventional radiologist greater control and features that improve predictability, accuracy, and efficiency. It has a small 2.1mm/14-gauge shaft and a sharp probe tip for easy and precise installation. Isolis is the first cryoprobe to provide possible integration with Siemens Healthineers’ myNeedle Laser guidance system. It is intended for use in a variety of surgical procedures, including general surgery, urology, gynecology, oncology, neurology, dermatology, ENT, proctology, pulmonary surgery, and thoracic surgery, and allows for the freezing and ablation of tissues at extremely low temperatures.
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
1. Executive Summary
2. Cryochambers Market Report Structure
3. Cryochambers Market Trends And Strategies
4. Cryochambers Market – Macro Economic Scenario
5. Cryochambers Market Size And Growth
…..
27. Cryochambers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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