The Asia Pacific Cold Plunge Tub Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 22,228.8 units, showcasing a growth of 2.7% (2019-2022).
One of the main factors driving market expansion is the requirement to treat the rising number of cases of inflammation, discomfort, and muscular soreness among athletes and in sports training facilities. After a workout, many athletes have a ritual of taking an ice bath. It is sometimes referred to as cold water immersion, and it is used to recover more rapidly and minimize muscular stiffness and pain after intense training sessions or competitions. Due to the treatment's rising attention and its major focus among sportspeople and athletes, patients and athletes are becoming more aware of hydrotherapy.
Developing next-generation medical devices with the Internet of Things (IoT) and smart sensor solutions is another significant initiative by key market participants that is expected to create a wide range of business expansion opportunities. The economy is predicted to be greatly influenced by favourable government laws, an increase in sports accidents, unhealthy behaviours, cutting-edge equipment innovations like wearable devices, and an increase in the number of elderly people who are pain sensitive.
Global wellness demand is fuelled by shifting priorities around self-care and prevention, and Asia Pacific is no exception. All age groups have supported the tendency in the region to invest in growth and well-being, with a greater proportion of younger generations engaging in health-related behaviours, including physical activity, stress-reduction techniques, and other factors. People in this region are using spa services increasingly as an opportunity to relax from their demanding urban existence. This market is also anticipated to increase due to this focus on offering their consumers various wellness and relaxation services.
The China market dominated the Asia Pacific Cold Plunge Tub Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $32.4 million by 2030. The Japan market is anticipated to grow at a CAGR of 4.6% during (2023 - 2030). Additionally, The India market would register a CAGR of 5.9% during (2023 - 2030).
Based on Type, the market is segmented into Above-ground, and In-ground. Based on End-use, the market is segmented into Commercial, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cold Plunge Tub Market is Projected to reach USD 424.5 Million by 2030, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Ice Bath Co., Ice Barrel, Inc., Cold Tub, iCoolsport, Renu Therapy, Plunge, Brass Monkey Health Ltd., Jacuzzi Brands, LLC (Investindustrial), Build HQ, and Diamond Spas, Inc.
By Type (Volume, Units, USD Million, 2019-2030)
By End-use (Volume, Units, USD Million, 2019-2030)
By Country (Volume, Units, USD Million, 2019-2030)
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