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Cryotech Nordic
Cryotech Nordic
Global Leader In Recovery Technology
Company name
Cryotech Nordic (CTN)
Category
HealthTech, Cryotherapy
Founded
2013
Founders
Jean-Patrick Martins and Alari Tinno
Investment sought
TBA
Pre-money valuation
TBA
Opens
TBA
Closes
TBA
Deal type
TBA
Minimum investment
TBA
Social

Introduction

Cryotherapy is a non-medical treatment application of low temperature to an area of the body. This sub zero application is widely engaged for treating muscle pain, sprains, swelling, tissue damage and post-operative swelling. A range of benefits from cryotherapy treatment may include; improving muscle recovery, treatment for skin conditions, pain relief and stimulate weight loss by boosting the body’s metabolic state.

The first applications of cryotherapy were used in clinics as a method of treating illness, pains and diseases. Now we are seeing it being used commonly in health clubs, spas and elite-level sports facilities, where its used for preventative health and to optimise the recovery process.

This has led to a global phenomenon amongst celebrities, sports stars and lifestyle influencers all endorsing the health benefits, creating an idea of luxury attached to the treatment. The likes of; Mark Wahlberg, Kobe Bryant, LeBron James, Cristano Ronaldo, Floyd Mayweather, Conor McGregor, Tony Robbins and Jennifer Aniston have all used and publicly praised cryotherapy treatment.

The cryotherapy market is currently worth $3.2bn as of 2018 and is expected to grow to $5.8bn by 2024, growing at a CAGR of 9.8% during the forecast period. Growth in the market is primarily driven by factors such as growing incidences of sports injuries, cardiac diseases, cancers, and technological advancements in cryotherapy technology.

As well as already having held the highest market share in 2017, North America is expected to hold a dominant share in the cryotherapy markets during the forecast period. This is due to the presence of skilled professionals, increasing adoption of whole body cryotherapy and increasing adoption of minimally invasive surgeries.

The whole body cryotherapy treatment (WBCT) boom is set to continue to accelerate as more high profiled athletes and teams start using this technology, in doing so increasing global awareness of cryotherapy as a whole.

However, one of the main aspects that slows down greater mass adoption is availability, as there has not been an effective way to localise treatments in terms of both cost and technology, until now...

About Cryotech Nordic

Cryotech Nordic is a high tech manufacturer that focuses on innovative cryotherapy systems and solutions. Our focus is providing non-surgical health and wellness solutions for both professionals and private users. We are constantly expanding our export market and currently exporting our products to over 30 countries worldwide.

Amongst us we possess 10 decades of combined experience with advanced high tech solutions and system integration. We are a team of experienced people with expertise in both high tech and aesthetic equipment industries and international business administration and development. Our technology team is headed by Jan Eklund, Ms.Eng and Juha Yliollitervo, Ms. Eng. with combined 4 decades of experience with advanced high tech solutions and system integration.

In order to further improve our resources and to get access to the latest scientific research data, we have formed an international team of medical advisers and consultants, who form the core of our scientific research.

The CTN products are currently sold worldwide and new distributors are assigned continuously. Some locations that CTN technology operates in: Helsinki, Stockholm, Athens, Brussels, Berlin, Amsterdam, Paris, Marseille, Nice, Monaco, Milano, Marbella, Ibiza, London, Dubai, Johannesburg, Toronto, New York, Chicago, Miami, Dallas, Houston, San Diego, Los Angeles, San Francisco, Lake Tahoe, Beijing, Shanghai, Hong Kong, Sydney, Jakarta, Kuala Lumpur and many more.

During the past couple of years, several major distributors who stock competitor cryotherapy products in regions such as; USA, Canada, Australia, New Zealand, Hong Kong, and Singapore to name a few, have dropped the competing products completely, and replaced them with CTN Cryo Cabins. This is a strong indication and proof of the superior quality and performance of our products.

In September 2019 a Cryo°Cabin and X°Cryo machine were delivered and installed for Formula One (F1) World Champion Kimi “ICEMAN” Räikkönen with whom CTN has a 2 year endorsement deal.

The “ICEMAN” is a public advocate of cryotherapy and strongly believes in its recovery and health benefits. He utilises his personal Cryo°Cabin and X°Cryo machines frequently to aid the recovery process during his on and off seasons.

Kimi Räikkönen is an elite F1 world champion who has competed professionally for over 2 decades representing racing teams such as; Mercedes McLaren, Ferrari, Lotus and Alfa Romeo (Red Bull Sauber).

Amongst all of his accolades he has cemented himself as one of the biggest names in F1, amassing a global fan base of millions throughout his career.

ICEMAN RECOMMENDS

Kimi "ICEMAN" Räikkönen, Formula One World Champion

Products

  • CTN Cryo°Cabin - Our flagship product and global technology leader with the most advanced patented safety and performance enhancing innovations. This whole body cryotherapy cabin allows you to experience the most popular form of treatment that is endorsed by celebrities and elite level athletes. Using our patented Active Vortex Circulation™, we are able to cool down the cabin safely yet effectively, this allows us to provide over 100+ sessions a day, which no competitor is close to providing.
  • X°Cryo - Localised cryotherapy device uses only electricity and is revolutionising the cryotherapy market - making cryotherapy finally available to everyone. The cooling unit does not require liquid nitrogen or CO2, so it can be used practically anywhere where standard electricity is available. Almost any part of the body can be treated with localised cryotherapy. Due to the unique design of the treatment applicators, areas like the knees, ankles, elbows, wrists, neck and even face can be treated fast and efficiently.
  • EQ°Cryo - Designed and engineered in close cooperation with seasoned horse experts to create the world’s first whole body cryotherapy unit for horses. Currently machines are being used in Dubai for top racehorses.
  • Vet°Cryo - The world’s first whole body cryotherapy machine for dogs. CTN's advanced cryotherapy technology provides an effective, safe and completely natural treatment option that can improve the mental and physical well-being and health of each dog. Recovery from surgery and injuries can also be accelerated significantly by repeated cryotherapy.

Cryotech Nordic achievements;

Founded in 2013, we have a well recognised core product and have sold to over 30 countries.

CTN Cryo°Cabin is the global technology leader in cryotherapy and considered to be the most advanced and safest product on the market.

The CTN Cryo°Cabin is the one of the safest cryotherapy devices on the market and also UL certified. CTN Cryo°Cabins have several unique safety and performance enhancing features, which has made it a popular choice among professionals in major sports teams in both the NFL and NHL.

The newly launched X°Cryo localised cryotherapy unit is a game changing device that is solely powered by electricity. This patent pending machine makes localised cryotherapy possible without the use of liquid nitrogen or other cryogenic gasses. It is now the biggest seller amongst CTN products having already been sold to over 15 countries.

Cryo° Cabin

X°CRYO

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