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 in North America is characterized by growing healthcare industry, growing geriatric population, increasing prevalence of arthritis, and increasing number of sports injuries. In addition, technological advancements in the healthcare industry has led to development of innovative therapies in the regions and is likely to stimulate the growth of cold compression therapy market in North America.
The road accidents are the major driving cause of death by injury and the tenth-leading cause of all deaths across the world. Many of the people are injured in the road accidents occupy 30% - 70% of the orthopedic beds in the hospitals of countries across the world. According to the national safety council, in 2018, estimated 40,000 people lost their lives due to car crashes and approximately 4.5 million people were seriously injured due to crashes. The council also stated that 40,000 deaths due to car crashes in 2018 is 14% higher than 2014. The road accidents injuries causes the deformities, amputations of limbs, fractures of bone and sever pain in the different parts of the body. Therefore to support the injured and damaged parts, cold compression therapy is used. The demand for cold compression therapy have increased in the developed as well as developing countries.
In addition, during the year 2016 to 2019, various companies have made organic and inorganic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are, product launches, acquisition and partnership. The organic development strategy has been implemented widely that have helped the growth of the companies and in turn have brought about various changes in the market. For instance, in March 2019, Performance health recently has expanded its product portfolio with the launch of the Biofreeze Pain Relief Patch. Biofreeze patches are wrapped for convenient grab-and-go and are made of flexible fabric for superior performance and comfort.
Mexico is expected to witness growth during the forecast owing to the factors such as rise in the medical tourism and the facilities available at cheaper cost is likely to enhance the growth of cold compression therapy market during the forecast period.
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NORTH AMERICA COLD COMPRESSION THERAPY – MARKET SEGMENTATION
North America Cold Compression Therapy Market – By Product Type
- Cold Compression Pumps
- Cold Packs
- Patches
- Gels
- Sprays
- Wraps
- Pads
- Roll-Ons
North America Cold Compression Therapy Market – By Injury Type
- Wrist
- Foot and Ankle
- Shoulder
- Spine
- Others
North America Cold Compression Therapy Market – By End User
- Hospitals
- Specialty Clinics
- Homecare Settings
- Others
By Geography
North America
- US
- Canada
- Mexico
Company Profiles
- Össur Americas
- 3M
- Breg, Inc
- Beiersdorf
- Performance Health
- Thermotek Inc
- Bio Compression Systems, Inc
- Johnson and Johnson
- Unexo Lifesciences
- Arjo
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Injury Type, End User and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Cold Compression Therapy Market – By Product Type
1.3.2 North America Cold Compression Therapy Market – By Injury Type
1.3.3 North America Cold Compression Therapy Market – By End User
1.3.4 North America Cold compression therapy market – By Country
2. North America Cold Compression Therapy Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Cold Compression Therapy Market Landscape
4.1 Overview
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
7.1 Overview
7.2 Cold Compression Therapy Market Share By Product Type 2018 & 2027 (%)
7.3 Cold Compression Pumps
7.3.1 Overview
7.3.2 Cold Compression Pumps Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Cold Packs
7.4.1 Overview
7.4.2 Cold Packs Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Patches
7.5.1 Overview
7.5.2 Patches Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Gels
7.6.1 Overview
7.6.2 Gels Market Revenue and Forecast to 2027 (US$ Mn)
7.7 Sprays
7.7.1 Overview
7.7.2 Sprays Market Revenue and Forecast to 2027 (US$ Mn)
7.8 Wraps
7.8.1 Overview
7.8.2 Wraps Market Revenue and Forecast to 2027 (US$ Mn)
7.9 Pads
7.9.1 Overview
7.9.2 Pads Market Revenue and Forecast to 2027 (US$ Mn)
7.10 Roll-Ons
7.10.1 Overview
7.10.2 Roll-Ons Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Cold Compression Therapy Market Analysis And Forecasts To 2027 – Injury Type
8.1 Overview
8.2 North America Cold Compression Therapy Market Share By Injury Type 2018 & 2027 (%)
8.3 Wrist
8.3.1 Overview
8.3.2 Wrist Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Foot and Ankle
8.4.1 Overview
8.4.2 Foot and Ankle Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Shoulder
8.5.1 Overview
8.5.2 Shoulder Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Spine
8.6.1 Overview
8.6.2 Spine Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Other
8.7.1 Overview
8.7.2 Other Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Cold Compression Therapy Market Analysis And Forecasts To 2027 – End User
9.1 Overview
9.2 North America Cold Compression Therapy Market Share By End User 2018 & 2027 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Specialty Clinics
9.4.1 Overview
9.4.2 Specialty Clinics Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Homecare Settings
9.5.1 Overview
9.5.2 Homecare Settings Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Other
9.6.1 Overview
9.6.2 Other Market Revenue and Forecasts to 2027 (US$ Mn)
10. Cold Compression Therapy Market– Country Analysis
10.1 North America Cold Compression Therapy market Revenue And Forecasts To 2027
10.1.1 Overview
10.2 North America Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.3 North America Cold Compression Therapy market Revenue And Forecasts to 2027, By Product type (US$ Mn)
10.4 North America Cold Compression Therapy Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
10.5 North America Cold Compression Therapy Market Revenue And Forecasts to 2027, By End User (US$ Mn)
10.6 North America Cold Compression Therapy market Revenue And Forecasts to 2027, By Country (%)
10.7 US Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.7.1 US Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.7.2 US Cold Compression Therapy Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.7.3 US Cold Compression Therapy Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
10.7.4 US Cold Compression Therapy Market Revenue And Forecasts to 2027, By End User (US$ Mn)
10.8 Canada Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.1 Canada Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.2 Canada Cold Compression Therapy Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.8.3 Canada Cold Compression Therapy Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
10.8.4 Canada Cold Compression Therapy Market Revenue And Forecasts to 2027, By End User (US$ Mn)
10.9 Mexico Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.1 Mexico Cold Compression Therapy Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.2 Mexico Cold Compression Therapy Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
10.9.3 Mexico Cold Compression Therapy Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
10.9.4 Mexico Cold Compression Therapy Market Revenue And Forecasts to 2027, By End User (US$ Mn)
11. Cold Compression Therapy Market– Industry Landscape
11.1 Overview
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
12.1 ThermoTek Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Product Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Össur Corporate
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Johnson & Johnson
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Product Portfolio
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Breg, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
There are no recent developments made by the company in Cold compression market in recent years
12.4.4 Product Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Bio Compression Systems, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Information
There are no recent developments made by the company in Cold compression market in recent yearsProduct Portfolio
12.5.4 SWOT Analysis
12.5.5 Key Developments
There are no recent developments made by the company in Cold compression market in recent years Performance Health
12.5.6 Key Facts
12.5.7 Business Description
12.5.8 Financial Overview
12.5.9 Product Portfolio
12.5.10 SWOT Analysis
12.5.11 Key Developments
12.6 Unexo Life Sciences Pvt. Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
There are no recent developments made by the company in Cold compression market in recent years
12.6.4 Product Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Beiersdorf
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Product Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 3M Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Information
12.8.4 Product portfolio
12.8.5 SWOT ANALYSIS
12.8.6 Key Developments
12.9 Arjo
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Information
12.9.4 Product portfolio
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Cold Compression Therapy Market Revenue And Forecasts to 2027, By product type (US$ Mn)
Table 2. North America Cold Compression Therapy Market Revenue And Forecasts to 2027, By product type (US$ Mn)
Table 3. North America Cold Compression Therapy market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 4. US: Sports Injuries, 2017
Table 5. US Cold Compression Therapy Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
Table 6. US Cold Orthopedic Injuries Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
Table 7. US Cold Compression Therapy market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 8. Canada: Hospitalizations Due To Sports Injuries, 2016-2017
Table 9. Canada Cold Compression Therapy Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
Table 10. Canada Cold Orthopedic Injuries Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
Table 11. Canada Cold Compression Therapy Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 12. Mexico Cold Compression Therapy Market Revenue And Forecasts to 2027, By Product Type (US$ Mn)
Table 13. Mexico Cold Orthopedic Injuries Market Revenue And Forecasts to 2027, By Injury Type (US$ Mn)
Table 14. Mexico Cold Compression Therapy market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 15. Glossary of Terms, Cold Compression Therapy Market
LIST OF FIGURES
Figure 1. Cold Compression Therapy Market Segmentation
Figure 2. US Cold Compression Therapy Market, Revenue (US$ Mn), 2018 & 2027
Figure 3. Cold Compression Therapy Market By Product Type, Market Share (%), 2018
Figure 4. Cold Compression Therapy Market By Injury Type, Market Share (%), 2018
Figure 5. Cold Compression Therapy Market By End User, Market Share (%), 2018
Figure 6. North America PEST Analysis
Figure 7. Cold Compression Therapy Market Impact Analysis of Drivers and Restraints
Figure 8. North America Cold Compression Therapy Market – Revenue Forecasts and Analysis – 2018- 2027
Figure 9. Market Positioning in the Cold Compression Therapy Market
Figure 10. Cold Compression Therapy Market Share By Product Type 2018 & 2027 (%)
Figure 11. Cold Compression Pumps Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 12. Cold Packs Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 13. Patches Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 14. Gels Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 15. Sprays Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 16. Wraps Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 17. Pads Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 18. Roll-Ons Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 19. North America Cold Compression Therapy Market Share By Injury Type 2018 & 2027 (%)
Figure 20. Wrist Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 21. Foot and Ankle Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 22. Shoulder Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 23. Spine Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 24. Other Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 25. North America Cold Compression Therapy Market Share By End User 2018 & 2027 (%)
Figure 26. Hospitals Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 27. Specialty Clinics Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 28. Homecare Settings Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 29. Other Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 30. North America Cold Compression Therapy Market Revenue Overview, by Country (2018) (US$ Mn)
Figure 31. North America Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. North America Cold Compression Therapy Market Revenue And Forecasts to 2027, By Country (%)
Figure 33. US Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. Canada Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Mexico Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. Growth Strategies in the Cold Compression Therapy Market, 2016-2019
The List of Companies
- Össur Americas
- 3M
- Breg, Inc
- Beiersdorf
- Performance Health
- Thermotek Inc
- Bio Compression Systems, Inc
- Johnson and Johnson
- Unexo Lifesciences
- Arjo
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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