Segments - Cold Compression Therapy Market by Technology (Static Therapy and Dynamic Therapy), Product (Compression Bandages, Compression Pumps, Sprays, Creams, Compression tapes, Ointments, Compression Stockings, Patches, and Roll-ons), Application (Post-operative Therapy, Orthopedic Conditions, Post-trauma Therapy, and Sports Medicine), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global cold compression therapy market size was USD 3,050.30 Mn in 2022 and is likely to reach USD 5,139.30 Mn by 2031, expanding at a CAGR of 6% during 2023–2031. The market growth is attributed to the increasing prevalence of sports injuries and arthritis.
Cold compression therapy is a therapeutic technique used to treat acute or surgical injuries and promote recovery after physical activity. It is a combination of cryotherapy and static compression. It involves applying cold temperatures and compression to a specific area of the body to reduce inflammation, swelling, edema, and pain.
Cold compression therapy typically involves the use of a cold pack or ice wrapped in a towel or specialized compression wrap that provides pressure to the affected area. The cold temperature helps to reduce blood flow, improves blood circulation, muscles recovery, and promoting faster healing.
This therapy is commonly used for injuries such as sprains, strains, and bruises, as well as post-surgical recovery. It is often recommended as a first-line treatment for acute injuries and is generally considered safe and effective when used appropriately. This therapy can be used regularly as an immediate treatment to induce analgesia.
There are various types of cold compression therapy such as ice packs or gel packs, instant cold packs, cold therapy machines, compression wraps, and compression sleeves. It minimizes tissue damage, and increases range of motion.
The market report finds that the COVID-19 pandemic affected the market. The market growth rate decreased, due to reduction in the incidence of injuries. This reduction led to the movement restrictions, which forced people to stay at home. However, due to the lockdown, preference of home remedies for pain relief increased among consumers, which hampered the market during the pandemic.
An increasing number of sports injuries and accidents is expected to drive the growth of the cold compression therapy market. Cold compression is used after an accident or at the end of an operational procedure. Increasing demand from the geriatric population due to the increasing joint instability, joint afflictions, and fractions are likely to drive the market growth during the forecast period.
Rising awareness regarding benefits of cold compression therapy among population is another major factor driving the market growth. Increasing bone & muscle-related disorders, growing emphasis on exercise & gym activities, and an upsurge in surgeries demands for the safer pain management solution, which is anticipated to boost the growth of the cold compression therapy market.
Icing an injury in case of stiff muscles and joints may damage the skin and tissues, which hinders the market growth. Icing more than 20 minutes can cause reactive vasodilation or widening of the vessels. Furthermore, wide availability of alternative therapies and analgesic drugs, and the lack of insurance coverage are likely to restraints the market growth at a certain limit.
Increasing adoption of analgesic patches and the growing count of orthopedic processes are expected to offer lucrative opportunities for the growth of the market. Furthermore, increasing research & development (R&D) activities to introduce innovative products is anticipated to boost the market.
The market report includes research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Cold Compression Therapy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Technology (Static Therapy and Dynamic Therapy), Product (Compression Bandages, Compression Pumps, Sprays, Creams, Compression tapes, Ointments, Compression Stockings, Patches, and Roll-Ons), and Application (Post-Operative Therapy, Orthopedic Conditions, Post-Trauma Therapy, and Sports Medicine) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Medtronic; SIGVARIS GROUP; Julius Zorn, Inc.; PAUL HARTMANN AG; 3M; Spectrum Health; BIOCOMPRESSION SYSTEMS; Gottfried Medical, Inc.; Essity Medical Solutions.; Arjo; DJO, LLC; Sanyleg Srl a socio unico; Cardinal Health; DevonMedicalProducts.com; ACI Medical, LLC; Ofa Bamberg GmbH; Mego Afek ltd.; and Medline Industries, Inc. |
Based on technology, the cold compression therapy market is bifurcated into static therapy and dynamic therapy. The static therapy segment is expected to expand at a significant growth rate during the projection period. Static compression is used in combination with cryotherapy for the care of acute injuries. It increases external pressure on tissues and prevent excess swelling. The segment growth is further attributed to the growing requirement for healing solution in case of sport injuries.
On the basis of product, the market is segregated into compression bandages, compression pumps, sprays, creams, compression tapes, ointments, compression stockings, patches, and roll-ons. The compression bandages segment is projected to register a considerable CAGR during the forecast period, due to the rising surgical injuries. It is a type of stretchy bandage that is used to wrap around a body part to reduce swelling and pain.
The compression stockings segment is anticipated to account for a major market share in the coming years. Stockings were applied gently to the legs and ankles to reduce the pain and swelling. It also regulates and improves blood flow in the leg.
Based on application, the cold compression therapy market is segmented into post-operative therapy, orthopedic conditions, post-trauma therapy, and sports medicine. The orthopedic conditions segment is expected to register a robust growth rate during the forecast period.
Orthopedic conditions are diseases and injuries that affect the musculoskeletal system. This system includes joints, muscles, ligaments, bones, tendons, nerves, and other connected tissue. Orthopedic surgery provides relief from debilitating pain. This can be used as a curative treatment for many joint problems such as arthritis and fractures. Rising prevalence of muscle locket disorder is likely to accelerates the market.
In terms of region, the global cold compression therapy market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the increasing healthcare expenditure and growing geriatric population.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, owing to the increasing investments in research & development (R&D) and rising disposable income of consumers in emerging countries such as China and India, which is boosting the growth of the market in the region.
The cold compression therapy market has been segmented on the basis of
Key players competing in the global cold compression therapy market are Medtronic; SIGVARIS GROUP; Julius Zorn, Inc.; PAUL HARTMANN AG; 3M; Spectrum Health; BIOCOMPRESSION SYSTEMS; Gottfried Medical, Inc.; Essity Medical Solutions.; Arjo; DJO, LLC; Sanyleg Srl a socio unico; Cardinal Health; DevonMedicalProducts.com; ACI Medical, LLC; Ofa Bamberg GmbH; Mego Afek ltd.; and Medline Industries, Inc.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
In March 2020, SIGVARIS launched a new line of Coolflex devices for the patients with chronic diseases such as lymphatic abnormalities in the arm. These devices helps to heal more quickly.