Cold Compression Therapy Market is Booming Right Now, let’s Understand Market Size, Share and Forecast till 2030| Reports and Insights.
The recent study of Reports & Insights on “Cold Compression Therapy Market: Opportunity Analysis and Future Assessment 2022-2030,” aims to give readers comprehensive knowledge of the data about the growth of the target market as well as absolute detailed and accurate information about the relevant market. Along with the accurate textual and graphical depiction, the report also offers significant market knowledge, a conceptual framework, and current market trends for the readers’ benefit. In addition, the report goes into great detail regarding the top competitors vying for its readers’ continued interest.
Reports and Insights (R&I) has published a new report titled, “Cold Compression Therapy Market: Opportunity Analysis And Future Assessment 2023 To 2030”
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%.
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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 Share.
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.
Some of the key questions answered in this report:
- Which are the five top players of the Cold Compression Therapy Market?
- How will the Cold Compression Therapy Market change in the upcoming years?
- Which product and application will take a share of the Cold Compression Therapy Market?
- What are the drivers and restraints of the Cold Compression Therapy Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Cold Compression Therapy Market throughout the forecast period?
- What is the current market size, what will the market size be in 2030 and what will the growth rate be?
- What are the challenges to grow in the market?
- What are the market opportunities and challenges faced by the key vendors?
- Who are the major competitors and what is their strategy?
- What are the barriers to entry for new players in the market?
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.
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.
To view Top Players, Segmentation and other Statistics of Cold Compression Therapy Industry, Get Sample Report @: https://reportsandinsights.com/free-customization/1298
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