According to FutureWise analysis the market for cold compression therapy in 2023 is US$ 3.91 billion, and is expected to reach US$ 6.1 billion by 2031 at a CAGR of 5.70%.
Cold compression therapy is a treatment for acute injuries that provides a combination of cold therapy and compression therapy to deliver the best pain and swelling relief possible. Cold compression is a combination of static compression and cryotherapy, while hilotherapy combines two of the R.I.C.E. concepts (rest, ice, compression, elevation) It is a faster and more comfortable recovery that can be used by people suffering from small joint discomfort to those recovering from severe surgery. It constricts blood vessels, reducing blood flow to the damaged area and therefore reducing swelling. Compression also aids in preventing excess swelling and for removing undesired fluid from the injured area. Individuals suffering from little joint soreness to those recovering from severe surgery can all benefit from it. Compression therapy has long been a part of venous insufficiency patients' vascular management and wound care. Cold compression therapy has various benefits, including edoema relief and better venous return. However, many patients are unable to tolerate the stockings and compression bandages that are commonly used in this treatment. An increase in the frequency of sports injuries and accidents, as well as an increase in older population and recent technology advancements, are some of the factors that could propel the industry forward.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Cold Compression Therapy Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Cold Compression Therapy Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.