Europe Cryochambers Market, by Product Type (Individual Units/Cryopods and Cryochambers/Multiple person chambers), By Application (Dermatology & Beauty Applications, Sports Medicine & Pain Management, and Others), and By End user (Fitness Center and Beauty Spa, Cryotherapy Centers, Sports Clubs and Athletes Clubs, and Others), 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), as highlighted in a new report published by Coherent Market Insights.
Key market players are focused on adopting inorganic growth strategies such as partnership which will drive the Europe cryochambers market. For instance, in April 2021, Zimmer MedizinSysteme GmbH, a physical therapy provider company, and MECOTEC GmbH a market player in electric chambers entered into a partnership for the development and distribution of the next-generation cryo chambers for applications such as sports, performance management, wellness, and beauty
Europe Cryochambers Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of equipment from one place to another.
COVID-19 had a positive impact on the Europe cryochambers market. For instance, According to study published in Cardiology Journal in April 2022, stated that COVID-19 was associated with a risk of deep vein thrombosis. Thus, an increase in Deep vein thrombosis (DVT) due to COVID-19 led to rising demand for cryotherapy products during the pandemic.
Europe Cryochambers Market: Key Developments
In July 2020, Cryomed s.r.o., cryotherapy machines, cryotherapy systems, cryotherapy chambers or cryo capsules manufacturing company, announced CRYO T SHOCK star is U.S. FDA approved device that tightens the skin and prevents wrinkles. The intense exchanges in CRYO T SHOCK between cold and warm activate collagen production in the deeper layers of the skin, leaving your skin firm and tight.
In December 2020, MECOTEC GmbH, a manufacturer of freezing technology for the medical and industrial sector in Germany, announced CRYO ONE release in Europe of more equipment in the first generation of localized cryotherapy treatments. It helps athletes recover from a training session, a competition, or a sports injury. Athletes use it to reduce pain in muscles and joints.
Browse 34 Market Data Tables and 26 Figures spread through 176 Pages and in-depth TOC on “Europe Cryochambers Market”- Forecast to 2030, Europe Cryochambers Market, by Product Type (Individual Units/Cryopods and Cryochambers/Multiple person chambers), By Application (Dermatology & Beauty Applications, Sports Medicine & Pain Management and Others, and By End user (Fitness Center and Beauty Spa, Cryotherapy Centers, Sports Clubs and Athletes Clubs, and Others)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/europe-cryochambers-market-3628
Key Takeaways of the Europe Cryochambers Market :
- The Europe cryochambers market is expected to exhibit a CAGR of 5.5% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the Europe cryochambers market. The spread of cryotherapy system technologies has been driven by high public awareness in developed economies such as the Europe.
- Among Product Type, 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. For instance,in August 2022, Cryopod Ltd, is Cryochambers manufacturing company based in Ulverston, England, Produced the Cryopod units is technologically advance product that were used by the German Women’s team, and the pods themselves were built in Barrow.
- Major players operating in the Europe cryochambers market include Zimmer Medizin Systeme 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.
