Global Cold Pain Therapy Market By Product (OTC-based Products and Prescription Based Products), Application (Musculoskeletal Disorder, Sport Medicine, Post-Operative, Post-trauma and Physical Therapy), Therapy type (Icepack Therapy, Chamber Therapy and Cryosurgery), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the cold pain therapy market will exhibit a CAGR of around 4.60% for the forecast period of 2021-2028. Increasing incidences of road accidents coupled with coupled with rising geriatric population and increasing personal disposable income, increasing public and private expenditure for the development of healthcare infrastructure especially in emerging economies and growth in the number of sports are the major factors attributable to the growth of cold pain therapy market.
Cold pain therapy is a medical treatment of applying cold materials such as icepack over the muscle to relive it from pain. Cold pain therapies help to reduce the muscle inflammation, swelling and muscle spasm. Cold pain therapy reduces the flow of blood to the injured muscle which helps in providing relief to the patient.
Upsurge in the participation in sports and recreational activities globally are one of the major factors inducing growth in the demand for cold pain therapy. Rising emphasis on exercise and gym activities to maintain health will further generate lucrative and remunerative growth opportunities for the cold pain therapy market. Growing awareness among consumers coupled with coupled with increasing demand and availability of several products for pain relief in the market will also act as important market growth determinants. Rising geriatric population, prevalence of obesity and increasing personal disposable income will also propel growth in the market value.
However, high scale consumption of analgesic and other pain relieving pills will derail the market growth rate. Also, lack of favourable reimbursement scenario coupled with the lack of clinical evidence for the medication for cold pain therapy will hamper the market growth rate.
This cold pain therapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cold pain therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cold Pain Therapy Market Scope and Market Size
The cold pain therapy market is segmented on the basis of product, application, therapy type and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- By product, the cold pain therapy market is segmented into OTC-based products and prescription based products. OTC-based products segment is further sub-segmented into pharmaceuticals and medical devices. Pharmaceuticals segment is further bifurcated into gels, ointments and creams, sprays and foams, patches and roll-ons. Medical devices segment is further bifurcated into cooling Towels, compresses, wraps, pads and cold packs. Prescription based products segment is sub-segmented into motorized devices and non-motorized devices.
- On the basis of application, the cold pain therapy market is segmented into musculoskeletal disorder, sport medicine, post-operative, post-trauma and physical therapy.
- On the basis of therapy type, the cold pain therapy market is segmented into icepack therapy, chamber therapy and cryosurgery.
- On the basis of distribution channel, the cold pain therapy market is segmented into hospital pharmacies, retail pharmacies, online pharmacies and others.
Cold Pain Therapy Market Country Level Analysis
The cold pain therapy market is analysed and market size insights and trends are provided by product, application, therapy type and distribution channel as referenced above.
The countries covered in the cold pain therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cold pain therapy market owing to the rising prevalence orthopaedic diseases coupled with favourable reimbursement scenario in the region. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the large patient pool and improving healthcare infrastructure.
The country section of the cold pain therapy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The cold pain therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cold pain therapy market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Cold Pain Therapy Market Share Analysis
The cold pain therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cold pain therapy market.
The major players covered in the cold pain therapy market report are Sanofi, 3M, ROHTO Pharmaceutical Co.,Ltd., DJO, LLC, Medline Industries, Inc., Unexo Laboratories Pvt. Ltd., Bruder Healthcare Company LLC., Hot and Cold Company, Polar Products Inc., Medichill UK Ltd., Medtronic, Romsons Sustaining the Life Force, MeyerDC, Hisamitsu Pharmaceutical Co.,Inc., Breg, Inc., RGIS, LLC., Rapid Aid., Performance Health, Össur Corporate and Bird & Cronin among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Cold Pain Therapy Market
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