Cold compresses help reduce the temperature of certain parts of the body while reducing pain and swelling. Applying ice to an injury limits blood flow to the area and can slow or stop bleeding. Reduces swelling and inflammation.
The North America cold compression therapy market is anticipated to reach US$ 1,221.18 Mn in 2027 from US$ 798.41 Mn in 2019. The market is projected to grow with a CAGR of 4.9% from 2020-2027.
The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.
The North America Cold Compression Therapy market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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For North America Cold Compression Therapy market, Business Market Insights researchers observed that there has been an increase in the healthcare expenditure in the European countries during the past few years. In this region, Germany has a history of manufacturing high diagnostic imaging technologies, precision medical instruments and others. As per Eurostat in 2016, healthcare expenditure in Germany was EUR 352 billion. Medical technologies are the priority of Healthcare/Life Sciences (HCT) industry. Whereas the healthcare expenditure of France was recorded as the second highest which was around EUR 257 billion, followed by the United Kingdom EUR 234 billion.
These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for Cold compression therapy assays in the market.
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NORTH AMERICA COLD COMPRESSION THERAPY – MARKET SEGMENTATION
North America Cold Compression Therapy Market – By Product Type
- Cold Compression Pumps
- Cold Packs
North America Cold Compression Therapy Market – By Injury Type
- Foot and Ankle
North America Cold Compression Therapy Market – By End User
- Specialty Clinics
- Homecare Settings
- North America
- Össur Americas
- Breg, Inc
- Performance Health
- Thermotek Inc
- Bio Compression Systems, Inc
- Johnson and Johnson
- Unexo Lifesciences
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