Dubai Cryotherapy Firm Invests $7 Million Saudi, India Expansion

by commitbizadmin 12, May 2020

Dubai Cryotherapy Firm Invests $7 Million Saudi, India Expansion

Dubai has evolved dramatically over the past few years, emerging as a business centre with a much more dynamic and diversified economy. It relishes a strategic location and serves as the largest re-exporting centre, Abu Dhabi. Most people that the revenues for Dubai comes primarily from oil, but in fact, it only uses a moderate amount of oil reserves to generate the infrastructure for manufacturing, trade, tourism to build Dubai's economy.

There are many opportunities in Dubai which can help you reap profit. About ninety-five per cent of Dubai's GDP is made from non-oil-based sectors. So far, oil has accounted for less than one percent of Dubai's GDP, and tourism produces twenty per cent.

Now Dubai’s cryotherapy firm says that it is planning to expand in India and Saudi Arabia to meet the demand for cryotherapy services.

Cryotherapy firm’s Plan of Dubai

Dubai-based Cryotherapy Holding, leading operator fledgeling global cryotherapy sector, is organizing to open new locations in India and Saudi Arabia.

Benny Parihar, CEO mentioned the expansion of the company had been nothing short of exceptional over the last six years, connecting that growth will continue the pace.

It plans to increase its global distribution network onboard technology partners in new geographies to service growing global demand. New distribution partners in South Korea, Taiwan, Italy, UK, Germany, Slovakia, Czech Republic, Slovenia and Hong Kong were greeted during the first quarter of 2019.

He added four locations in India and three locations in Saudi Arabia with an investment of up to seven million dollar are also due to open.

Whole-body cryotherapy is, essentially, ice baths taken to a whole new level and has drawn considerable attention among athletes over the past years. In the cryotherapy chambers, the ambient temperature is lowered to a numbing minus one hundred and ten Celsius or minus one hundred and sixty-six Fahrenheit.

Benny Parihar’s View

Benny Parihar is the CEO of CRYO. His view upon this matter was that they had experienced the devices' highest number shipped in the history of their business in the last quarter, as well as having a sold-out manufacturing capacity for most of Q2. The industry's trend is all about focusing on safety, and the dated direct nitrogen injection units (cryo saunas) are losing market share rapidly.”

A lot of businesses are moving to indirect cooling technologies where the patients are not open to harmful gases, which may cause burns and asphyxiation. The popularity of the treatment is growing rapidly; businesses that are looking to scale their practices are preferring the technology to Alleviate the risk of a lawsuit and sub-Par customer experiences.

The company said it is looking forward to double production capacity to keep up with the demands of sales distributors and teams.

Cryotherapy, known as cold therapy, is the general use of low temperatures in medical treatment. Cryotherapy may be utilized to treat a different of tissue and can be used to relieve muscle pain, swelling and sprains soft tissue surgery or damage.

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