According to a recent market study published by Growth Market Reports, titled, “Global Ice Therapy Machines Market by Types, End-users, Distribution Channels, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 289.3 Million in 2019 and is expected to grow at a healthy growth rate of 3.2% by the year 2027. The global ice therapy machines market is anticipated to grow owing to the rising occurrence of sports injuries that require ice therapy or cold therapy drives the global ice therapy machines market. This is ultimately resulting in the surge in demand for ice therapy machines globally.

The global ice therapy machines market is fragmented based on types, end-users, distribution channels, and region. In terms of type, the market is bifurcated into automatic and manual. On the basis of end-user, the market is divided into rehabilitation center, hospitals & clinics, sports centers, and others. In terms of distribution channel, the market is bifurcated into online and offline. Based on region, the global ice therapy machines market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into France, Italy, Germany, U.K., Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, Rest of Middle East & Africa (MEA).

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In year 2020, the ice therapy machines market is expected to show a moderate decline due to COVID-19 pandemic. Measures to contain the spread of COVID-19 such as closure of specialty stores, medical shops, rehabilitation centers, decline in healthcare services, and trade restrictions have caused disruption in domestic and international supply chains of ice therapy machines and significantly hampered the market growth. Furthermore, extensive control measures of COVID-19 have had a notable impact on nations that trade significant number of ice therapy machines, as foreign incomes reduced and social distancing was necessary.

As per Growth Market Reports industry analyst Rajat Verma, “The global ice therapy machines market is anticipated to witness significant growth during forecast period 2020-2027 driven by government support for ice therapy machines culture in the form of subsidies, which opens up ways for entrepreneurship development and promotes trade by widening up the destinations for ice therapy machines. Governments of various developing countries such as China and India are increasing the expenditure on designing and manufacturing activities to reduce environmental concerns and improve workplace safety. This trend is expected to increase the production of ice therapy machines and promote the benefits associated with its installation, especially for the elderly population and sports players.”

Key Takeaways from the Study:

  • The competitive rivalry between market players is due to rising prices, and expansion in untapped markets to increase consumer base. Ice therapy machines are extensively adopted in various emerging economies due to increasing customer purchasing power, which in turn, is boosting the market across the globe.
  • Ice therapy machines decrease acute swelling, relieve pain, and help soft tissue healing by reducing the temperature, improving circulation of blood vessels on the applied area; increasing their use in hospitals & clinics, thus fueling the segment.
  • Rising customer awareness regarding e-commerce platforms for purchasing ice therapy machines is propelling the online segment globally.
  • Asia Pacific is estimated to be a lucrative region of the global ice therapy machines market owing to rising increasing presence of and investments by major manufacturers and suppliers in countries such as India and China.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 289.3 Million

Market Growth Rate (from 2021 to 2027)

3.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million)

Market Segments

By Types, By End-users, By Distribution Channels

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, China, Japan, South Korea, India, Australia, South East Asia (SEA), Rest of Asia Pacific (APAC), Brazil, Mexico, Rest of Latin America, GCC, South Africa and Rest of Middle East & Africa (MEA)

Key Companies Profiled

Össur, DJO LLC, Breg Inc, Polar Products Inc, Cryomed s.r.o., Isha Surgical, BIOCOMPRESSION SYSTEMS, CRYO, AGM Overseas, and Hebei Ruinuo Medical Instrument Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: manufacturers, retailers, suppliers, wholesalers, and distributors
  • Demand Side: hospitals & clinics, sports centers, rehabilitation centers, household, fitness centers, and spa & wellness centers
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: Orthopedic Associates of Hartford (OAH), Food and Drug Administration (FDA), Occupational Safety and Health Administration (OSHA), Fédération Internationale de Football Association (FIFA), and World Health Organization (WHO)