Saudi Arabia Cryotherapy Market Size & Outlook, 2023-2030
Saudi Arabia cryotherapy market, 2018-2030 (US$M)
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Saudi Arabia cryotherapy market highlights
- The Saudi Arabia cryotherapy market generated a revenue of USD 33.1 million in 2023 and is expected to reach USD 54.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, cryosurgery was the largest revenue generating therapy type in 2023.
- Chamber therapy is the most lucrative therapy type segment registering the fastest growth during the forecast period.
Cryotherapy market data book summary
| Market revenue in 2023 | USD 33.1 million |
| Market revenue in 2030 | USD 54.3 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Cryosurgery |
| Fastest growing segment | Chamber therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cryosurgery, Icepack therapy, Chamber therapy |
| Key market players worldwide | Metrum Cryoflex, Medtronic PLC, Brymill Cryogenic Systems, CryoConcepts, Cortex Technology, Wallach Surgical Devices, Zimmer Medizinsysteme |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.4% of the global cryotherapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE cryotherapy market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 31.7 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia cryotherapy 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 market will help companies and investors design strategic landscapes.
Cryosurgery was the largest segment with a revenue share of 53.17% in 2023. Horizon Databook has segmented the Saudi Arabia cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is a lucrative market for players owing to factors such as high disposable income and the prevalence of wellness disorders. In 2021, the GDP per capita income in Saudi Arabia was USD 23,586. The country has a high prevalence of obesity.
According to the Global Obesity Observatory, in 2021, among adults, the percentage of obesity was about 20.5% and around 38.4% of adults were overweight. Such factors support the market growth in the country. Key market players are undertaking strategic initiatives to expand their presence in the global market.
Recently, a Dubai-based cryotherapy firm—Cryo Holdings—announced that it is planning to expand its whole-body cryotherapy center in multiple new locations. This includes four centers in India and three centers in Saudi Arabia, with an investment of USD 7 million. Such strategic initiatives are expected to propel market growth over the forecast period.
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Target buyers of Saudi Arabia cryotherapy market databook
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Our clientele includes a mix of cryotherapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia cryotherapy market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cryotherapy market size, by therapy type, 2018-2030 (US$M)
Saudi Arabia Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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