The contrast therapy units market has shown significant growth, with an anticipated increase from $12.97 billion in 2023 to $14.14 billion in 2024 at a CAGR of 9.0%. This growth is driven by a rise in fitness participation, lifestyle-related disorders, expansion in home healthcare, increased investment in healthcare infrastructure and physiotherapy centers, and rising demand for rehabilitation solutions.
The contrast therapy units market is expected to grow to $21.12 billion by 2028 at a CAGR of 9.2%. Growth factors include the increasing popularity of fitness regimes, the rise in lifestyle-related disorders and chronic pain, the growth of home healthcare, investments in healthcare infrastructure, and rising demand for rehabilitation solutions. Key trends include the integration of smart technology, advanced therapeutic innovations, improvements in temperature control, and the use of smart temperature sensors and infrared heating technology.
Major Driver In The Contrast Therapy Units Market
The growing demand for rehabilitation solutions is anticipated to fuel the contrast therapy unit market. Rehabilitation solutions aim to assist individuals in regaining or improving their functional abilities following health issues or injuries. The demand for such solutions is driven by demographic changes, rising health conditions, and shifting public perceptions. Contrast therapy units combine hot and cold therapies to enhance recovery and mobility, proving essential in effective rehabilitation. For example, in December 2023, UK government statistics revealed a 10% increase in people starting treatment for powder cocaine issues, highlighting the need for rehabilitation services. Consequently, the rising demand for rehabilitation solutions is propelling the contrast therapy unit market. The market size for contrast therapy units was valued at $1.5 billion in 2023, expected to reach $1.8 billion in 2024, and is projected to grow to $2.4 billion by 2028.
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Contrast Therapy Units Market Competitive Landscape
Avanos Medical Inc., Breg Inc., Zynex Medical Inc., Hyperice Inc., Therabody, Kinex Medical Company LLC, Shock Doctor Inc., ThermoTek Inc., Zimmer MedizinSysteme GmbH, Mettler Electronics Corp., BioCompression Systems Inc., Vive Health, Polar Products Inc., Kelvi, H3Pelvic Therapy Systems Inc., Naugramedical, TruMedical Solutions LLC, Medco Sports Medicine, Opton Medical, Nagem Orthopedics and Recovery LLC
Key Contrast Therapy Units Market Trend
Companies in the contrast therapy units market are developing innovative solutions like contrast therapy tubs to improve therapeutic outcomes and patient comfort. In September 2024, Wind River Spas launched the Contrast8 Contrast Therapy Tub, which allows users to alternate between hot and cold water for improved circulation and muscle recovery. This method is known for reducing pain and inflammation and promoting overall healing.
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Global Contrast Therapy Units Market Segmentation
The contrast therapy units market covered in this report is segmented –
1) By Type: Portable Contrast Therapy Units, Stationary Contrast Therapy Units
2) By Application: Pain Management, Rehabilitation, Sports Medicine
3) By End-User: Hospitals, Physiotherapy Clinics, Sports Facilities, Home Care Settings
By Geography:The regions covered in the contrast therapy units market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the contrast therapy units market in 2023.
The Contrast Therapy Units Global Market Report 2024 furnishes information about the global contrast therapy units market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
