DUBLIN--(BUSINESS WIRE)--The "North America Cold Compression Therapy Market to 2027 - Regional Analysis and Forecasts By Product Type; Injury Type; End User and Country" report has been added to ResearchAndMarkets.com's offering.
The North America cold compression therapy market is anticipated to reach US$ 1,221.18 Mn in 2027 from US$ 798.41 Mn in 2018. The market is projected to grow with a CAGR of 4.9% from 2019-2027.
The growth of the cold compression therapy market is primarily attributed due to technological developments in cold compression therapy, rising incidences of orthopedic injuries, sports injuries and road accidents, and increasing geriatric population across the region. However, the market is likely to get impacted by the risk factor such as increasing consumption of pain relief oral drugs during the forecast period.
The growing elderly population is the major cause of the joint diseases. The joint diseases are mostly prevalent in the elderly people due to cartilage degeneration and the role of excessive levels of reactive oxygen species. The general aging factors cause changes in the joint tissues that results in the development of osteoarthritis. Osteoarthritis (OA) is age-related disease and causes degradation and loss of the articular cartilage. Factors responsible for OA are obesity, joint injury, genetics, and anatomical abnormalities. In the aging population, there is loss in the ability of the human body to maintain homeostasis under stressful conditions.
In 2018, the cold compression pumps segment held a largest market share of 20.55% of the Cold Compression Therapy Market, by product type. The pumps segment is also expected to dominate its market share in 2027 as treatment offered by the pumps is safe and controlled. On the other hand, pumps segment is also anticipated to witness the fastest growth rate of 5.7% during the forecast period, 2019 to 2027 owing to majority of the companies working towards developing cold compression solutions.
Similarly, in 2018 the shoulders segment held a largest market share of 40.8% of the cold compression therapy market, by injury type. The foot and ankle segment is also expected to grow at the fastest growth rate of 5.3% during the forecast period.
Furthermore, the hospitals segment held a largest market share of 39.9% of the cold compression therapy market, by treatment site in 2018. This segment is also expected to dominate the market in 2027 as it is the primary care center for most of the population.
Key Topics Covered:
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. North America Cold Compression Therapy Market - Key Takeaways
3. Research Methodology
4. North America Cold Compression Therapy Market Landscape
4.2 PEST Analysis
4.3 Expert Opinions
4.4 US Reimbursement Scenario
4.4.1 US Reimbursement Scenario - Payer/Provider
4.4.2 US Reimbursement Scenario - Public/Private
4.4.3 Workers Compensation Reimbursement Scenario in the US
4.5 Overview of Cold Compression Therapy Equipment Leasing in the US
5. North America Cold Compression Therapy Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Geriatric Population Coupled With Joint Diseases
5.1.2 Injuries due to Road Accidents
5.1.3 Growing Prevalence Of Orthopedic And Sports Injuries
5.2 Key Market Restraints
5.2.1 Increased Consumption of Oral Drugs for Immediate Pain Relief
5.3 Key Market Opportunities
5.3.1 Rising Number Of Orthopaedic Procedures
5.4 Key Market Trends
5.4.1 Advancements in the Cold Compression Therapy
5.5 Impact Analysis of Drivers and Restraints
6. Cold Compression Therapy Market - North America Analysis
6.1 North America Cold Compression Therapy Market - Overview
6.2 North America Cold Compression Therapy Market - Revenue Forecasts and Analysis
6.3 Positioning of Key Players
7. North America Cold Compression Therapy Market Analysis And Forecasts To 2027 - Product Type
7.2 Cold Compression Therapy Market Share By Product Type 2018 & 2027 (%)
7.3 Cold Compression Pumps
7.4 Cold Packs
8. North America Cold Compression Therapy Market Analysis And Forecasts To 2027 - Injury Type
8.2 North America Cold Compression Therapy Market Share By Injury Type 2018 & 2027 (%)
8.4 Foot and Ankle
9. North America Cold Compression Therapy Market Analysis And Forecasts To 2027 - End User
9.2 North America Cold Compression Therapy Market Share By End User 2018 & 2027 (%)
9.4 Specialty Clinics
9.5 Homecare Settings
10. Cold Compression Therapy Market - Country Analysis
11. Cold Compression Therapy Market - Industry Landscape
11.2 Growth Strategies In The Cold Compression Therapy Market, 2016-2019
11.3 Organic Growth Strategies
11.4 Inorganic Growth Strategies
12. Cold Compression Therapy Market - Key Company Profiles
- Össur Americas
- Breg, Inc.
- Performance Health
- Thermotek Inc.
- Bio Compression Systems, Inc.
- Johnson and Johnson
- Unexo Lifesciences
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