EUROPE CRYOCHAMBERS MARKET ANALYSIS

The Europe Cryochambers Market is estimated to be valued at US$ 64.8 million in 2023 and is expected to exhibit a CAGR of 5.5% during the forecast period (2023-2030).

Analysts’ Views on Europe Cryochambers Market:

The Europe cryochambers market will rise as manufacturers continue to introduce new and improved products and invest more in research and development. Improved healthcare services, medical diagnostic laboratories, private-public collaborations, and the health insurance sector are projected to drive this expansion.

Figure 1. Europe Cryochambers Market Share (%), by Product Type, 2023

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Europe Cryochambers Market  – Driver

Wide application of cryotherapy

Wide application of cryotherapy is expected to propel growth of Europe cryochambers market over the forecast period. For instance, an article published in the National Library of Medicine, in December 2020, reported cryotherapy can be used in the treatment of migraines, nerve irritation, mood disorders, arthritic pain, low-risk tumors, dementia and Alzheimer’s disease, and atopic dermatitis and other skin conditions.

Increasing adoption of cryotherapy by athletes

Increasing adoption of cryotherapy by athletes is also expected to aid in the growth of the market. For instance, in February 2020, RANGERS FC, a professional football club in Europe, chose CryoAction as its official cryotherapy supplier for the European Premier League.

Figure 2. Europe Cryochambers Market Value (US$ Million), by Application, 2023

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Europe Cryochambers Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the Europe cryochambers market. For instance, a case study published in the National journal of medicine in April 2021 reported that COVID-19 could present with exacerbated symptoms of underlying disorders such as severe gastroparesis flare in the patients. A number of patients tested positive for COVID-19 after developing muscle hardness symptoms, in conjunction with respiratory symptoms, which has been shown to work in COVID-19 and opens the unprecedented potential for use in home for self-treatment.

Europe Cryochambers Market Segmentation:

The Europe cryochambers market report is segmented into Product Type, Application, and End User

By Product Type, the market is segmented into individual units/cryopods, and cryochambers/multiple person chambers. Out of which, the individual units/cryopods segment is expected to hold a dominant position in the Europe cryochambers market during the forecast period and this is attributed to the technological advancements in the field of cryotherapy.

By Application, the market is segmented into dermatology & beauty applications, sports medicine & pain management, and others. Out of which, the sports medicine & pain management segment is expected to hold a dominant position in the Europe cryochambers market during the forecast period and this is attributed to the Increasing adoption of cryotherapy by athletes.

By End User, the market is segmented into Fitness Centers and Beauty Spa, Cryotherapy Centers, Sports Clubs, and Athletes Clubs and Others. Out of which, the cryotherapy centers is expected to dominate the market over the forecast period and this is attributed to the increasing awareness about cryotherapy.

Among all the segmentations, the product type segment has the potential due to the increasing advancements in Cryo devices over the forecast period.

Europe Cryochambers Market Cross Sectional Analysis:

Key players are manufacturing cryochambers with advanced technology is also expected to boost demand for cryotherapy technologies in Europe region. For instance, in November 2021, PHYSIOMED ELEKTROMEDIZIN AG is a manufacturer of products for physical and biomechanical diagnostics and therapy in the rehabilitation, sport and aesthetic medicine field in Europe., Launched Deep oscillation device which is decreases edema and reduces pain after overuse injuries and trauma. This promotes pain-free self-mobilization and enables active movements at an early stage.

Europe Cryochambers Market: Key Developments

In February 2023, MECOTEC GmbH, a manufacturer of freezing technology for the medical and industrial sector in Germany., launched a collaborative international endeavor to elevate knowledge, understanding, and standards around cryotherapy called The Cryo Chamber Manufacturers Initiative, or The CCM Initiative.

On April 01, 2023, Mandarin Oriental Hyde Park is a spa Center in London. launched Oskia cryotherapy which is use for treatments harness the radical biological benefits of temperatures as low as -30˚C to stimulate, refine, sculpt, detox, de-puff and immediately rejuvenate skin.

In March 2020, Cryomed, a cryotherapy machines, cryotherapy systems, cryotherapy chambers, or cryo capsules manufacturing company in Germany., developed a unique online training course on whole-body cryotherapy covering its mechanisms, safety protocols, and applications in beauty, wellness, sports, and healthcare.

Europe Cryochambers Market: Key Trends

Majority of the players in the market are providing mobile cryotherapy services to end users such as sports clubs and hospitals

Majority of the players in the market are providing mobile cryotherapy services to end users such as sports clubs and hospitals which will boost the market growth over the forecast period. For instance, in December 2021, Mobile cryotherapy, is a spa and health club in Europe, announced its whole body cryosauna is manufactured in the U.S. with edge technology and innovative design to deliver unmatched safety, comfort and reliability. Which is uses the technology that represents the next generation of holistic wellness for athletic recovery, pain relief/ injury and beauty.

Europe Cryochambers Market: Restraint

Confliction in evidence to safety and efficacy of cryotherapy

Confliction in evidence of the safety and efficacy of cryotherapy is expected to hinder the growth of Europe cryochambers market. There is limited evidence regarding the safety and efficacy of cryotherapy. For instance, According to article published in National Library of Medicine in June 2021, Reported Cryotherapy has been used to reduce chronic pain for many years due in part to its ease of use, affordability, and simplicity. Claims for the application of cryotherapy in weight loss, sleep disorders, depression stress & anxiety, Alzheimer’s disease, migraines, and fibromyalgia are unsupported due to a lack of sufficient data to prove the efficacy of the therapy. Key market players are focusing on manufacturing cryochambers with the technological advancement which inlude maintaining the temperature and radiation according to body

Europe Cryochambers Market - Key Players

Major players operating in the Europe cryochambers market include Zimmer MedizinSysteme GmbH, KrioSystem Sp. z.o.o, Air Products and Chemicals, Inc., CSA Medical, Inc., METRUM CRYOFLEX Sp. z o.o., Sp. K., Novotech S.R.O, CryoAction Limited, JUKA SP. Z.O.O. SP.K., Cryosense, Cryomed s.r.o., MECOTEC GmbH, and CRYO Science.