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Cold Compression Devices Market By Product (Patches, Cold Packs, Wraps, Pads, Roll-Ons, Gels and Sprays), By End-User (Hospital & Clinics and Sports Team) - Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Industry Outlook

The cold compression devices market will achieve a stable growth with a CAGR of 4.8% during the forecast period from 2018 to 2026. Cold compression therapy popularly known as hilotherapy follows the fundamentals of rest, ice, compression and elevation (RICE). It is beneficial in reducing inflammation, swelling, edema and reduction in pain by promoting vasoconstriction on the site of injury and numbing pain by reducing the nerve conduction velocity. It has a faster onset of action and minimal side effects in comparison to NSAIDS.

Market Synopsis

Cold Compression Devices Market

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"Availability of diverse varieties and immense popularity among physiotherapists drive the pads and wraps market growth"

Presently pads and wraps together are reigning the products segment for cold compression devices market. Wraps have gained immense popularity due to its availability in different form fitting pertaining to shoulder, elbow, wrist, hip, knee and ankles etc. The large surface area is helpful in providing deep penetration of cold therapy at the injury site thereby, reducing swelling and pain. Pads are better preferred for minor injuries such as tendinitis, bruises and whiplash etc. They are available as gel sacks which turns into ice packs on freezer and some instantly turn cold on squeezing. Pads are effective in reducing edema and numbing pain. Topical analgesics are being formulated as gels and sprays for cold therapy treatment of sprains, strains, and muscle spasm by decreasing nerve conduction velocity and promote vasoconstriction eventually decreasing inflammation and edema.

Cold Compression Devices Market 

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"Rising popularity of pain relieving sessions and affordable reimbursement scenario drive the hospital and clinics market growth"

Hospitals and clinics are leading the end-user segment for cold compression devices market. The major attributes responsible for its impressive growth are rising popularity of pain relieving sessions in patient’s recently undergone surgical procedure and affordable reimbursement scenario for pain management of acute injury. Sports science has gained immense popularity as a career opportunity to young aspiring athletes from different sporting disciplines. Increasing demand for performance enhancement and stiff completion has resulted in number injuries to athletes during practice session and competition. Fractures, ligament swelling, joint instability etc. are treated with cold compression devices for promising results and minimal side effects in comparison to painkillers and inflammation reducing drugs.

Cold Compression Devices Market

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"Increasing cases of trauma & accidents and rapidly growing sports science drive the cold compression devices market in North America"

In the current scenario North America is dominating the regional segment for cold compression devices market. Increasing cases of trauma and rapidly growing sports science are major factors that provide a positive thrust to the market growth of cold compression devices in North America. Existence of key players such as DJO Global, Inc., Coolsystems, Inc., Hyperice, Inc., and 3M Healthcare etc., cater to the requirements of patients availing pain therapy and management in North America region. Increasing geriatric population and growing incidence of domestic accidents resulting in fractures, joint instability, swelling and edema propel the cold compression devices market growth in Europe. Asia Pacific is set to register good growth during the forecast period from 2018 to 2026 on account of developing sports industry and increasing public health awareness regarding cold therapy. It serves as a potential market for major players to promote business expansion by establishing retail outlet and subsidiaries.

Cold Compression Devices Market
 

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

In the scope of the report the market is segmented as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Product (2016–2026; US$ Mn)
 • Patches
 • Cold Packs
 • Wraps
 • Pads
 • Roll-Ons
 • Gels
 • Sprays

 By End-User (2016–2026; US$ Mn)
 • Hospital & Clinics
 • Sports Team

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Medical device manufacturers providing cold compression devices are Breg, Inc., Bio Compression Systems, Inc., DJO Global, Inc., Hyperice, Inc., 3M Healthcare, Kinetic Medical Products UK., Ltd., Ossur Global, Polar Products, Inc. and Thermotek.

Key questions answered in this report

  • Who are the medical device companies providing cold compression devices?
  • How are the latest market trends determined and market size, CAGR predicted?
  • What is hunting reaction and how it is applied in cold compression therapy?
  • What is the performace of different products enlisted in the cold compression devices market?
  • What is the performance of different end-users enlisted in cold compression devices market?
  • What are the factors responsible for the global dominance of North America in cold compression devices market?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jan 2019
Category:  Medical Devices
Report ID:   59507
Report Format:   PDF
Pages:   120
Rating:    4.1 (66)
Delivery Time: 24 Hours to 48 Hours   
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