Fior Markets revealed study on Global Cold Compression Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 which offers a deep scenario on the current state focusing on the major drivers and restraints for the key players. This report guides through various segments market with size status and forecast 2024. It’s a professional and in-depth study report that offers granular analysis of the market share, manufacturers, product type, applications, technological advancement, and geographic regions.
Cold compression therapy combines two elements of the first aid technique, RICE (Rest, Ice, Compression, Elevation); active pneumatic compression with cryotherapy (also referred to as cold therapy). Cold compression therapy works by distributing alternating pressure (this removes edema and reduces swelling which can be eliminated by the lymphatic system). Also, the improved circulation with the intermittent pressure promotes and accelerates tissue healing and tissue quality. Additionally, the decrease in temperature reduces pain by constricting blood flow to the injury.
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Scope of the Report:
North America is projected to be the predominant regional sector accounting for the largest market, about 50% share globally, primarily due to its advanced healthcare infrastructure.
Europe also plays important roles in global cold compression therapy devices market, with market size of 31 million USD in 2016 and will reach 39 million USD in 2022.
Asia Pacific is expected to witness the highest growth rate due to untapped opportunities in this region and high patient cognizance of cold compression therapy, coupled with the rapidly developing healthcare infrastructure in the emerging Asian countries.
The players are increasingly focused on advanced product designing and development. This supports the companies in strengthening their product repertoire and in earning maximum revenue share for long-term growth in this sector. The major players catering to the cold compression therapy devices market are Coolsystems (Game Ready), DJO Global, BREG, Össur, ThermoTek, PowerPlay, Bio Compression Systems, Polar Products, HyperIce and Xiangyu Medical. There are various small and large manufacturers, offering products for cold compression therapy devices, resulting in intense competition among vendors.
The worldwide market for Cold Compression Devices is expected to grow at a CAGR of roughly 4.5% over the next five years, will reach 160 million US$ in 2024, from 130 million US$ in 2019.
This report focuses on the Cold Compression Devices in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
In addition, it delivers market trends, industry drivers, challenges, opportunities, key company profiles and strategies of players such as Coolsystems (Game Ready), DJO Global, BREG, Össur, ThermoTek, PowerPlay, Bio Compression Systems, Polar Products, HyperIce, Xiangyu Medical, .
The report showcases a detailed picture of the market, distinguishing the key business influencers. Further, the SWOT analysis tool is utilized so that you can try to be one step ahead of your competitors. Overall information along with expert opinion derived from trustworthy sources will assist in understanding the Cold Compression Devices market present trends, applications, and challenges. Trends like globalization, technology progress promote fragmentation regulation & ecological concerns.
This report examines market statistics giving consideration to an average production and consumption of the product coupled with the demand from the market. The report is helpful for the governments, commercials, residential and industrial consumers, as well as manufacturers, other stakeholders to organize strategies. It also includes technology source and R&D status of the foremost manufacturers in the Cold Compression Devices market.
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