In recent research named "Cold Compression Therapy Market: Opportunity Analysis and Future Assessment 2023-2031," Reports & Insights provides an extremely comprehensive and detailed overview of the market's size, potential, and deep comprehension of the data targeted toward the market's development. The market size is predicted from 2023 through 2031, with 2021 serving as the base year for the analysis. The report also includes in-depth market knowledge, a conceptual framework, and current market trends in addition to a precise textual and graphical representation of the market over the forecast period of 2023–2031. These features were added to make the report even more intriguing. It was created by recognized market experts using approved research methodologies and tried-and-true analytical techniques.
Global Cold Compression Therapy Market, by Product (Cold Packs, Patches, Gels, Sprays, Wraps, Pads, and Roll-Ons), By Injury Type (Wrist, Foot and Ankle, Shoulder, Spine, and Other), By End-user (Hospitals, Specialty Clinics, Homecare Settings, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global cold compression therapy market in 2020 is estimated for more than US$ 3.7 Bn and expected to reach a value of US$ 5.4 Bn by 2028 with a significant CAGR of 4.8%.
As per the report, the cold compression therapy market is primarily driven by the rise in the geriatric population with joint diseases. It may happen due to the degeneration of cartilage or due to the availability of high levels of reactive oxygen species; which further leads to the development of osteoarthritis.
Studies revealed that elderly people are more prone to this condition, resulting in a joint injury. And, cold compression therapy is proved to be effective treats in treating such joint injuries. Hence, the elevated count of older patients with joint disorders fuels the growth of the cold compression therapy market.
Other factors like increasing road accidents coupled with the rising emphasis on gyming and exercising are also responsible for propelling the demand for such techniques. However, the availability of oral drugs for pain relief and the discomfort linked with such therapies may restrict the market growth during the upcoming years.
Growing awareness among patients via promotional marketing strategies and the adoption of these therapies among middle-aged women effectively lubricates growth opportunities of the cold compression therapy market.
This Cold Compression Therapy Market Research/Analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is used for Cold Compression Therapy? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Cold Compression Therapy Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Cold Compression Therapy Market? What Was Capacity, Production Value, Cost and PROFIT of Cold Compression Therapy Market?
- What Is Current Market Status of Cold Compression Therapy Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Cold Compression Therapy Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Cold Compression Therapy Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Cold Compression Therapy Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Cold Compression Therapy Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Cold Compression Therapy Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cold Compression Therapy Industry?
Furthermore, the strict regulatory barriers formulated for oral pain medications and the ongoing R & D activities for the development of innovative product lines with supportive accessories serves to be the changing trend of the market research.
Furthermore, Reports and Insights (R&I) Study identifies that the statistical facts revealed by Centers for Disease Control and Prevention (CDC), stating that 2,791,000 older people are treated in emergency rooms per year due to fall injuries and around 325,000 children are also treated for sports and recreation-related activities in an emergency room. This results in an increasing count of hip and knee surgeries globally, which further supports the increasing demand for cold compression therapy during the forecast years.
Additionally, the growing need for safer pain management modalities against oral drug therapies is also responsible for fuelling the growth of the cold compression therapy market during the forecast years.
R&I Study identifies some of the key participating players in the cold compression therapy market globally are DJO Global Inc., Berg, Sanofi, Pfizer, 3M, Johnson & Johnson, Cool Systems Inc., Hisamitsu Pharmaceutical, Ossur, Medline Industries, Performance Health, Rohto Pharmaceutical, Beiersdorf, Custom Ice, Romsons Group of Industries, and Unexo Life Sciences.
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