Global Ice Therapy Machines Market By Types (Automatic and Manual), End-Users (Rehabilitation Center, Hospitals & Clinics, Sports Centers, and Others), Distribution Channels (Online and Offline), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Market Outlook:
The global ice therapy machines market was valued at USD 289.3 Million in 2019 and is projected to reach USD 367.8 Million by 2027, expanding at a CAGR of 3.2% during the forecast period. Ice therapy machines or cold therapy machines are devices that provide cold treatment to soothe pains and aches to reduce swelling due to joint pains. Ice therapy machines alleviate inflammation result from injury or surgery. Doctors, physical trainers, medical professionals, and sports & rehabilitation specialists recommend ice therapy machines to help patients manage pain and wounds. Ice therapy machines provide a traditional treatment of health conditions such as tissue damages, lesions malignant, and benign tumors without incisions or slits into the body or removal of tissues. Therefore, the non-invasive features with no discomfort and few complications of ice therapy machines drives the market.
Market Dynamics
Drivers
The global ice therapy machines market is estimated to grow significantly in rehabilitation centers and sports centers segments. The number of sports related injuries such as sprains, ligament tears, and post-workout recovery are increasing, which in turn, is increase the need to install ice therapy machines at sports centers. Additionally, rising number of knee surgeries and lower back aches that require ice therapy machines to reduce inflammation quickly. For instance, governments of various developing countries such as China and India are increasing the expenditure on expansion of medical shops and specialty stores. This trend is expected to increase the availability and promote the utility of ice therapy machines for outpatients over the forecast period.
According to a research conducted in Johns Hopkins University, more than 3.5 million children aged 14 years get hurt annually while playing sports or participating in recreational activities. Increasing prevalence of sports injuries and accidents, is driving people to adopt ice therapy machines in their homes. University students and professional athletes suffer sport-specific injuries which is increasing the demand for ice therapy. Sports injuries related to ankle, knee, and hamstring are prevalent in football, basketball, and other games. This drives the demand for ice therapy machines, as it offers quick and effective pain relief. According to the Department of Economic and Social Affairs at the UN, the population aged 65 years or over is expected to rise up to 16% by 2050. Ice therapy machines provide affordable treatments for chronic pain and stiffness resulting from musculoskeletal disorders such as arthritis and degenerative spine disorders, predominant in ageing population. Adoption of ice therapy machines is estimated to increase, especially in diverse places such as rehabilitation centers, fitness centers, spa & wellness centers. These benefits associated with ice therapy machines such as alleviating acute swelling, relieving pain, and promoting soft tissue healing by at a maintaining temperature around 5°C - 0°C and improving circulation and pumping action of blood vessels on the applied area are expected to boost the global ice therapy machines market.
Restraints
Drugs such as naproxen sodium (Aleve and Anaprox), ibuprofen (Advil and Motrin IB), and celecoxib minimize inflammatory activity and act as alternatives of ice therapy machines. Additionally, deep heat therapy machines are adopted as alternatives, as they relieve pain below the skin surface into tissues and muscles. Further, the exposure of ice potentially damages the skin and other parts of the body. Ice therapy machines are not recommended to relieve pain of large body parts, as the body is unable to sustain the decreased flow of blood on such a large area. Therefore, the significant adoption of alternatives of ice therapy machines for pain management hampers the growth of ice therapy machines market. Ice therapy machines cost around USD 108 - USD 200, which is an expensive amount in developing countries with less inclination towards healthcare. Furthermore, wearing and tearing of insulated tubes increase maintenance costs of ice therapy machines. Hence, high costs associated with ice therapy machines hinder the growth of the market.
Opportunities
The market is estimated to rise, due to development of e-commerce platforms such as Amazon, makes ice therapy machines easily available to customers with guarantees, on-time services, discounts, and free or low-cost deliveries. Additionally, retailers and pharmacists are providing consultation services of therapies with ice therapy machines, which is estimated to provide lucrative opportunities for the market. Installation of ice therapy machines at sports & fitness centers provides an additional source of income to the owners as well as offer quick post-workout recovery. Therefore, increasing applications of ice therapy machines provide opportunities for the growth of the market.
Segmental Outlook
On the basis of types, the global Ice Therapy Machines market is categorized as automatic and manual. The growth of the automatic segment is attributed to the fact that it enables a controlled treatment by fixing time durations for safe and uniform ice therapy without requiring the need for human intervention. The automatic segment is expected to hold a key share of the global ice therapy machines market, as the advancements such as smart designs such as liter per minute (LPM) feature and ease of control for monitoring boost the sales of the ice therapy machine.
In terms of End-Users, the market is segmented into rehabilitation center, hospitals & clinics, sports centers, and others. The dedicated stores segment is anticipated to expand at a considerable CAGR during the forecast period owing to the number of sports related injuries such as sprains, ligament tears, and post-workout recovery are increasing, which in turn, increases the need to install ice therapy machines at sports centers. The hospitals & clinics segment accounted for a substantial share of the market, in terms of revenue in 2019, and is anticipated to expand at a high CAGR during the forecast period.
Based on Distribution Channels, the global ice therapy machines market is bifurcated into online and offline segments. Search engine optimization (SEO) and search engine marketing (SEM) are estimated to drive targeted customers and improve the visibility of ice therapy machines, which is, in turn, propelling the online segment globally.
Regional Outlook
Based on regions, the ice therapy machines market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounts for a key share of the global market due to high adoption rate of ice therapy machines among geriatric population. Convenience of online delivery of ice therapy machines increased consumer preference during the pandemic period in the region. The US-based companies are penetrating in the market in Mexico and Rest of Latin America, which in turn, is projected to fuel the market in these countries over the forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Ice Therapy Machines Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Ice Therapy Machines Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ice Therapy Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ice Therapy Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ice Therapy Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ice Therapy Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ice Therapy Machines Market Size & Forecast, 2017-2027
4.5.1 Ice Therapy Machines Market Size and Y-o-Y Growth
4.5.2 Ice Therapy Machines Market Absolute $ Opportunity
4.6 Technology Outlook
Chapter 5 Global Ice Therapy Machines Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Ice Therapy Machines Market Size Forecast By Type
5.2.1 Automatic
5.2.2 Manual
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Ice Therapy Machines Market Analysis and Forecast By End-user
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By End-user
6.1.2 Basis Point Share (BPS) Analysis By End-user
6.1.3 Absolute $ Opportunity Assessment By End-user
6.2 Ice Therapy Machines Market Size Forecast By End-user
6.2.1 Rehabilitation Center
6.2.2 Hospitals & Clinics
6.2.3 Sports Centers
6.3 Market Attractiveness Analysis By End-user
Chapter 7 Global Ice Therapy Machines Market Analysis and Forecast By Distribution Channel
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
7.2 Ice Therapy Machines Market Size Forecast By Distribution Channel
7.2.1 Online
7.2.2 Offline
7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global Ice Therapy Machines Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Ice Therapy Machines Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Ice Therapy Machines Analysis and Forecast
10.1 Introduction
10.2 North America Ice Therapy Machines Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Ice Therapy Machines Market Size Forecast By Type
10.6.1 Automatic
10.6.2 Manual
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Ice Therapy Machines Market Size Forecast By End-user
10.10.1 Rehabilitation Center
10.10.2 Hospitals & Clinics
10.10.3 Sports Centers
10.11 Basis Point Share (BPS) Analysis By End-user
10.12 Absolute $ Opportunity Assessment By End-user
10.13 Market Attractiveness Analysis By End-user
10.14 North America Ice Therapy Machines Market Size Forecast By Distribution Channel
10.14.1 Online
10.14.2 Offline
10.15 Basis Point Share (BPS) Analysis By Distribution Channel
10.16 Absolute $ Opportunity Assessment By Distribution Channel
10.17 Market Attractiveness Analysis By Distribution Channel
Chapter 11 Europe Ice Therapy Machines Analysis and Forecast
11.1 Introduction
11.2 Europe Ice Therapy Machines Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Ice Therapy Machines Market Size Forecast By Type
11.6.1 Automatic
11.6.2 Manual
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Ice Therapy Machines Market Size Forecast By End-user
11.10.1 Rehabilitation Center
11.10.2 Hospitals & Clinics
11.10.3 Sports Centers
11.11 Basis Point Share (BPS) Analysis By End-user
11.12 Absolute $ Opportunity Assessment By End-user
11.13 Market Attractiveness Analysis By End-user
11.14 Europe Ice Therapy Machines Market Size Forecast By Distribution Channel
11.14.1 Online
11.14.2 Offline
11.15 Basis Point Share (BPS) Analysis By Distribution Channel
11.16 Absolute $ Opportunity Assessment By Distribution Channel
11.17 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Asia Pacific Ice Therapy Machines Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Ice Therapy Machines Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Ice Therapy Machines Market Size Forecast By Type
12.6.1 Automatic
12.6.2 Manual
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Ice Therapy Machines Market Size Forecast By End-user
12.10.1 Rehabilitation Center
12.10.2 Hospitals & Clinics
12.10.3 Sports Centers
12.11 Basis Point Share (BPS) Analysis By End-user
12.12 Absolute $ Opportunity Assessment By End-user
12.13 Market Attractiveness Analysis By End-user
12.14 Asia Pacific Ice Therapy Machines Market Size Forecast By Distribution Channel
12.14.1 Online
12.14.2 Offline
12.15 Basis Point Share (BPS) Analysis By Distribution Channel
12.16 Absolute $ Opportunity Assessment By Distribution Channel
12.17 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Latin America Ice Therapy Machines Analysis and Forecast
13.1 Introduction
13.2 Latin America Ice Therapy Machines Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Ice Therapy Machines Market Size Forecast By Type
13.6.1 Automatic
13.6.2 Manual
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Ice Therapy Machines Market Size Forecast By End-user
13.10.1 Rehabilitation Center
13.10.2 Hospitals & Clinics
13.10.3 Sports Centers
13.11 Basis Point Share (BPS) Analysis By End-user
13.12 Absolute $ Opportunity Assessment By End-user
13.13 Market Attractiveness Analysis By End-user
13.14 Latin America Ice Therapy Machines Market Size Forecast By Distribution Channel
13.14.1 Online
13.14.2 Offline
13.15 Basis Point Share (BPS) Analysis By Distribution Channel
13.16 Absolute $ Opportunity Assessment By Distribution Channel
13.17 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Middle East & Africa (MEA) Ice Therapy Machines Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Ice Therapy Machines Market Size Forecast by Country
14.2.1 GCC
14.2.2 South Africa
14.2.3 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Ice Therapy Machines Market Size Forecast By Type
14.6.1 Automatic
14.6.2 Manual
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Ice Therapy Machines Market Size Forecast By End-user
14.10.1 Rehabilitation Center
14.10.2 Hospitals & Clinics
14.10.3 Sports Centers
14.11 Basis Point Share (BPS) Analysis By End-user
14.12 Absolute $ Opportunity Assessment By End-user
14.13 Market Attractiveness Analysis By End-user
14.14 Middle East & Africa (MEA) Ice Therapy Machines Market Size Forecast By Distribution Channel
14.14.1 Online
14.14.2 Offline
14.15 Basis Point Share (BPS) Analysis By Distribution Channel
14.16 Absolute $ Opportunity Assessment By Distribution Channel
14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Competition Landscape
15.1 Ice Therapy Machines Market: Competitive Dashboard
15.2 Global Ice Therapy Machines Market: Market Share Analysis, 2019
15.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
15.3.1 AGM Overseas
15.3.2 BIOCOMPRESSION SYSTEMS
15.3.3 Breg, Inc
15.3.4 Cryomed s.r.o.
15.3.5 °CRYO
15.3.6 DJO, LLC
15.3.7 Hebei Ruinuo Medical Instrument Co., Ltd.
15.3.8 Isha Surgical
15.3.9 Össur
15.3.10 Polar Products Inc
By Types
- Automatic
- Manual
- Rehabilitation Center
- Hospitals & Clinics
- Sports Centers
- Others
- Online
- Offline
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA)
- Rest of Asia Pacific (APAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- South Africa
- Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
- Össur
- Polar Products Inc
- Hebei Ruinuo Medical Instrument Co., Ltd
- DJO, LLC
- Cryomed s.r.o
- Breg, Inc
- AGM Overseas
- Cryomed s.r.o.
- Key players in the market include Polar Products Inc, Össur, DJO LLC, BIOCOMPRESSION SYSTEMS, Cryomed s.r.o., Breg Inc, Isha Surgical, and AGM Overseas. These companies are considered manufacturers of ice therapy machines based on their revenue, research development (r&d) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as new product launches and reorganizing supply chains and assets to increase resilience.
- The global ice therapy machines market is moderately competitive with presence of small and large companies. Top companies are investing in ice therapy machines farming to increase their market share and revenue.
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FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers End-Users specific information such as adherence to specified standards, etc.
According to this growth market reports, the market from ice therapy machines is likely to register a CAGR of 3.2% during forecast period 2020-2027, with an anticipated valuation of USD 367.8 million by the end of the 2027.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such as technology outlook across various regions for year 2017 to 2027.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Online and offline are the key distribution channels that are driving the ice therapy machines market.
The market is driven by factors such as affordable treatments offered by ice therapy machines for chronic pain and stiffness resulting from musculoskeletal disorders such as arthritis and degenerative spine disorders and predominant ageing population.
The market is expected to decrease moderately between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the production and demand for ice therapy machines market.
The base year considered for the global ice therapy machines market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include Cryomed s.r.o., Isha Surgical, AGM Overseas, Polar Products Inc, DJO LLC, Breg Inc, and BIOCOMPRESSION SYSTEMS.
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