Latin America Cryotherapy (cryosauna And Cryochamber) Market Size & Outlook
Latin America cryotherapy (cryosauna and cryochamber) market, 2018-2030 (US$M)
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Latin America cryotherapy (cryosauna and cryochamber) market highlights
- The Latin America cryotherapy (cryosauna and cryochamber) market generated a revenue of USD 3.5 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, cryochambers was the largest revenue generating product in 2023.
- Cryosaunas is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3.5 million |
| Market revenue in 2030 | USD 5.6 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Cryochambers |
| Fastest growing segment | Cryosaunas |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cryochambers, Cryosaunas |
| Key market players worldwide | Impact Cryotherapy, Mecotec, CRYO Holdings, Cryo Innovations, CryoBuilt, CRYONiQ LLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.8% of the global cryotherapy (cryosauna and cryochamber) market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55.0 million by 2030.
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Cryotherapy (Cryosauna and Cryochamber) Market Scope
Cryotherapy (Cryosauna and Cryochamber) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America cryotherapy (cryosauna and cryochamber) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryotherapy (cryosauna and cryochamber) market will help companies and investors design strategic landscapes.
Cryochambers was the largest segment with a revenue share of 51.43% in 2023. Horizon Databook has segmented the Latin America cryotherapy (cryosauna and cryochamber) market based on cryochambers, cryosaunas covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America’s cryotherapy market is primarily driven by a high demand for esthetic treatments in Brazil, Mexico, and Argentina. In addition to local consumers, medical tourism for wellness services is also expected to drive the market in this region.
The price of noninvasive treatment is approximately 10% lower in Latin America as compared to the U.S. and other developed economies, encouraging young as well as elderly people to avail beauty treatments in this region.
Lack of defined regulatory guidelines has resulted in increased availability of spa facilities, leading to competitive pricing. Thus, large corporations provide complementary services to sustain their position in growing competition. Brazil dominated the Latin American market in 2021 and is expected to maintain its position during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cryotherapy (cryosauna and cryochamber) market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cryotherapy (cryosauna and cryochamber) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cryosauna and cryochamber market size, by country, 2018-2030 (US$M)
Latin America Cryotherapy (Cryosauna and Cryochamber) Market Outlook Share, 2023 & 2030 (US$M)
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