Europe Market Study on Cryochambers: Poland is the Fastest Growing Market for Cryochambers in Europe


Europe Cryochambers Market
  • Published On : Mar-2017 |
  • Pages : 139 Pages |
  • Format :

Persistence Market Research presents a comprehensive analysis of the Europe cryochambers market in a new publication titled ‘Cryochambers Market: Europe Industry Analysis and Forecast, 2016 - 2024’. In this report, Persistence Market Research has focused on offering detailed insights and in-depth research on the Europe cryochambers market over an eight year forecast period 2016 – 2024. The report covers the important factors driving the expansion of the Europe cryochambers market, untapped opportunities for market players in this field, trends and developments shaping the dynamics of the Europe cryochambers market and other insights across various key segments. In addition, the report identifies the key drivers and restraints affecting the development of the Europe cryochambers market. Changing trends are also analyzed and incorporated in the report to equip clients with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the performance of the Europe cryochambers market are also incorporated in the report.   

Report Description

The report analyzes the Europe cryochambers market in terms of value (US$ Mn) and volume (units). The report begins with the market definition and explaining different product types and application areas. Pricing assumptions given in the introductory section enable the client to perceive the pricing comparison represented in the subsequent section of average pricing analysis. Technology assessment section is designed to provide an analysis of historical evolution of cryochambers and possible future developments in product features. The market dynamics section includes Persistence Market Research’s analysis on key trends, drivers, restraints, opportunities and factors influencing the Europe cryochambers market. Impact analysis of key growth drivers and restraints based on the weighted average model has also been included in the report to provide pertinent market insights. The report also highlights the installed base of cryochambers by country and by source of cold (indirect liquid nitrogen and others). The unique feature of report is an explanation of replacement rate for liquid nitrogen cylinder and cost of gas consumed per cryotherapy session for different capacity of LN2 containers. This section helps new entrants analyze the economic aspects of cryochambers.

Market Segmentation

Product Type

  • Individual Units/Cryosauna
    • Devices
    • Services
  • Multiple Person Units/Cryochambers
    • Devices
    • Services

Application

  • Dermatology and Beauty Applications
  • Pain Management and Sports Medicine
  • Others (Rehabilitation, Heath & Wellness, etc.)

End User

  • Fitness Center and Beauty Spa
  • Cryotherapy Centers
  • Sports Clubs and Athletes Associations
  • Others

Countries

  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • Poland
  • Belgium
  • Netherlands
  • Czech Republic
  • Rest of Europe

In the final section of the report on the Europe cryochambers market, a competitive landscape is included to provide report audiences with a dashboard view to assess the key differentiators among the competitor firms. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the different products for cryotherapy equipment and participants across the Europe cryochambers value chain. Moreover, this section also includes market strategies and SWOT analysis of the major players in the market. Recommendations for each of the active participants across the value chain, including supply side (manufacturers, distributors etc.) and demand side (physicians, cryotherapy technicians etc.) have been provided. Detailed profiles of manufacturers and providers of cryotherapy equipment are also included in the scope of the report to evaluate their long-term and short-term strategies. Players in the European cryochambers market are experiencing competitive pressure from emerging players in the U.S. cryochambers market.

Research Methodology

To calculate the Europe cryochambers market size, macroeconomic indicators such as healthcare industry outlook, healthcare spending, Gross Domestic Product and others have been considered to arrive at the indicated market numbers. The forecast presented here assesses the total revenue by value across the Europe cryochambers market. In order to offer an accurate forecast, the report begins by sizing the current market, which forms the basis of how the Europe cryochambers market will develop in the future. Given the characteristics of the market, the outcome of different types of analyses is triangulated based on the technology trends. 

Key Metrics

The report not only conducts forecasts in terms of CAGR, but also analyzes the Europe cryochambers market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the Europe cryochambers market is split into a number of segments. All segments in terms of product type, application, end user and based on different countries are analyzed in terms of basis point share to understand segmental contribution to market growth. This detailed level of information is important for identification of various key trends governing the Europe cryochambers market. Another key feature of this report is the analysis of all market segments in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the Europe cryochambers market.

Rapid expansion of product indications and geographical expansion of product offerings by key players are the key growth drivers in the Europe cryochambers market

Cryotherapy is the application of extremely low temperature (-170 ?C to -240 ?C) applied for a short time to achieve medical or aesthetic effects such as stimulation of physiological reactions in the human body. Ever-increasing beauty industry of Europe is adopting the thriving new concept of whole body cryotherapy, which is attributed to the growth of the Europe cryochambers market. Increasing adoption of whole body cryotherapy by sports persons and elite athletes is increasing demand for cryochambers in Europe. Rising number of sports injuries and continuous expansion of cryotherapy applications are some of the factors driving revenue growth of the Europe cryochambers market. Key players in the Europe market are focusing on forming strategic partnerships with key end users such as sports associations.

Persistence Market Research forecasts the Europe cryochambers market to grow from more than US$ 40 Mn in 2015 to nearly US$ 66 Mn by 2024 end. This represents a CAGR of 5.4% over the forecast period. The Europe cryochambers market is anticipated to represent absolute $ opportunity of US$ 2.2 Mn in 2017 over 2016 and incremental opportunity of nearly US$ 26 Mn between 2016 and 2024.

Europe cryochambers market is expected to be driven by the adoption of whole body cryotherapy in sports medicine

Europe cryochambers market is mainly driven by rapid adoption by sports and athletes associations, entry of new players in the market, launch of new user-friendly and advanced products, captivating product features offered by companies etc. Moreover, surge in the number of sports injuries, expansion of product indications, and geographical expansion of product offerings by key market players are some other factors fueling the growth of the Europe cryochambers market over the forecast period. Introduction of more efficient cryosauna is expected to increase the adoption rate of individual cryotherapy chambers by facilities such as spas and fitness centers. However, lack of evidence pertaining to the safety and efficacy of cryotherapy for certain medical applications, lack of fully evolved regulatory pathways, adverse effects of cryotherapy, shortage of cryogenic liquids and gases in some of the central and eastern European countries etc. are the prominent factors limiting the growth of the Europe cryochambers market.

Poland is projected to dominate the Europe cryochambers market over the forecast period 2016–2024

The Europe cryochambers market has been segmented by country into Germany, Italy, France, U.K., Spain, Poland, Belgium, Netherlands, Czech Republic and Rest of Europe. Poland will continue to lead the Europe market through 2024 and is expected to register a CAGR of 6.6% over the forecast period.

Poland Cryochambers Market Analysis and Forecast, 2016–2024

Poland has highest number of modern cryochambers in operation and majority of them are used in medical applications

The Poland cryochambers market will grow from more than US$ 7 Mn in 2015 to nearly US$ 13 Mn by 2024 end. Poland is the fastest growing market for cryochambers in Europe and virtually every rehabilitation and physiotherapy center in Poland is equipped with individual or multiple person cryochambers. The market is expected to create incremental opportunity of nearly US$ 6 Mn between 2016 and 2024 and is expected to contribute 22.4% of the total incremental opportunity of the Europe cryochambers market.

Poland Cryochambers Market Attractiveness Analysis, 2016–2024
Availability of unique cold retention cryochambers in the country distinguishes the Poland cryochambers market from other European markets

By product type, multiple person cryochambers dominated the Poland cryotherapy market in terms of revenue in 2015 and is projected to continue to do so over the forecast period. The multiple person cryochambers segment is expected to represent a market attractiveness index of 1.3. Despite the fact that individual cryotherapy units are more economical, multiple person cryochambers are more popular in Poland due to their safety aspects, which avoid direct contact of liquid cryogens with the patient’s body. The dermatology and beauty applications segment and the fitness center and beauty spa end user segment are expected to be the most lucrative market segments over the forecast period.

Europe Cryochambers Market

Analyst Viewpoint

Growing number of sports injuries provides opportunity for manufacturers and distributors of cryochambers to expand the install base

Cryotherapy is largely applied in the treatment and healing of sports injuries and muscle soreness caused to athletes. Increasing number of sports injuries across the globe provides good opportunity to manufacturers of cryotherapy chambers to expand their business by providing cryosaunas to sports associations. Out of all sports injuries, over 57% of injuries are caused due to football and basketball, where cryotherapy can be effectively applied to hasten the healing process.

Company Profiles

  • Zimmer MedizinSysteme GmbH
  • KrioSystem Sp. z.o.o
  • Air Products and Chemicals, Inc.
  • METRUM CRYOFLEX Sp. z o.o., Sp. K.
  • Novotech S.R.O
  • CryoAction Limited
  • JUKA SP. Z.O.O. SP.K.
  • Cryosense
  • CRYO Science
  • Others
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