Cold compression therapy combines two elements of the first aid technique, RICE (Rest, Ice, Compression, Elevation); active pneumatic compression with cryotherapy (also referred to as cold therapy). Cold compression therapy works by distributing alternating pressure (this removes edema and reduces swelling which can be eliminated by the lymphatic system). Also, the improved circulation with the intermittent pressure promotes and accelerates tissue healing and tissue quality. Additionally, the decrease in temperature reduces pain by constricting blood flow to the injury.
North America is projected to be the predominant regional sector accounting for the largest market, about 50% share globally, primarily due to its advanced healthcare infrastructure.
Europe also plays important roles in global cold compression therapy devices market, with market size of 31 million USD in 2016 and will reach 39 million USD in 2022.
Asia Pacific is expected to witness the highest growth rate due to untapped opportunities in this region and high patient cognizance of cold compression therapy, coupled with the rapidly developing healthcare infrastructure in the emerging Asian countries.
The players are increasingly focused on advanced product designing and development. This supports the companies in strengthening their product repertoire and in earning maximum revenue share for long-term growth in this sector. The major players catering to the cold compression therapy devices market are Coolsystems (Game Ready), DJO Global, BREG, Össur, ThermoTek, PowerPlay, Bio Compression Systems, Polar Products, HyperIce and Xiangyu Medical. There are various small and large manufacturers, offering products for cold compression therapy devices, resulting in intense competition among vendors.
According to this study, over the next five years the Cold Compression Devices market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 160 million by 2024, from US$ 130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Cold Compression Devices business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Cold Compression Devices market by product type, application, key manufacturers and key regions and countries.
This study considers the Cold Compression Devices value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Motorized Devices
Non-Motorized Devices
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Hospitals & Clinics
Rehabilitation Center
Sports Team
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Coolsystems (Game Ready)
DJO Global
BREG
Össur
ThermoTek
PowerPlay
Bio Compression Systems
Polar Products
HyperIce
Xiangyu Medical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Cold Compression Devices consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cold Compression Devices market by identifying its various subsegments.
Focuses on the key global Cold Compression Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cold Compression Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Cold Compression Devices submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Cold Compression Devices . Industry analysis & Market Report on Cold Compression Devices is a syndicated market report, published as Global Cold Compression Devices Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Cold Compression Devices market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.