Reports and Insights recently issued a fresh report in their database titled, “Cold Compression Therapy Market: Opportunity Analysis and Future Assessment 2022-2030” offers a precise and comprehensive evaluation of global market size, share, country-level and regional analysis, market segmentation, competitive landscape, growth, market share, sales assessment. The Cold Compression Therapy Market report primarily presents overviews, taxonomies, applications and market definition, product stipulations, manufacturing procedures, cost frameworks, raw materials and so forth. The study rifts the market by revenue and volume (wherever applicable) along with the price record to evaluate size and trend evaluation and distinguish gaps and opportunities.
The global cold compression therapy market in 2022 is estimated for more than US$ 3.7 Bn and expected to reach a value of US$ 5.4 Bn by 2030 with a significant CAGR of 4.8%.
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Cold Compression Therapy Market Dynamics
Cold compression therapy refers to the application of cold materials to relieve pain. Ice packs are often used to reduce pain and swelling and can be directly applied to inflammations.
An upsurge in hip and knee surgeries coupled with the developing need for safer pain management modalities as opposed to oral drug therapy and the availability of clinical evidence favoring menthol-based topical analgesics also anticipates the cold compression therapy market growth.
Cold Compression Therapy Market Dynamics
The growing elderly population suffering from joint diseases is the primary factor responsible for propelling the growth of the cold compression therapy market during the next decade. Other factors like the elevated count of injuries due to road accidents, technical advancements in cold compression therapy, and the shift of youngsters towards gyming and exercising activities also boost the demand for such therapies, resulting in market growth.
However, the augmented consumption of oral drugs with the increasing demand for low-priced analgesic pills for immediate pain relief, and the unfavorable reimbursement policies are likely to restrict the market growth during the forecast years. Additionally, the low awareness about compression therapy and the availability of alternative therapies serve to be the restraining factors for this market.
Market opportunities are further created by the increasing count of orthopedic processes, adoption of analgesic patches, and the marketing strategies associated with cold compression therapies. Stringent regulatory barriers for the approval of oral pain medications and the upcoming advancements in cold compression therapies serve to be the key trends favoring the market growth.
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Cold Compression Therapy Market Segmentation
The cold compression therapy market is segmented on the basis of product, injury type, end-user, and by region.
By Product:
 Cold Packs
 Patches
 Gels
 Sprays
 Wraps
 Pads
 Roll-Ons
By Injury Type:
 Wrist
 Foot and Ankle
 Shoulder
 Spine
 Other
By End-User:
 Hospitals
 Specialty Clinics
 Homecare Settings
 Other
By Region:
 North America
 Europe
 Asia Pacific
 Latin America
 Middle East
 Africa
Cold Compression Therapy Market Competitive Landscape
Key players operating in the global cold compression therapy market include 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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