With this market report it becomes easy to focus on the data and realities of the industry which keeps the business on the right path. Cold Pain Therapy Market report is prepared using data sourced from in-house databases, secondary and primary research performed by a team of industry experts. The Cold Pain Therapy Market is also well analyzed on the basis of numerous regions. This report employs the SWOT analysis technique for the assessment of the development of the most remarkable market players. Thorough insights into emerging trends, opportunities and potential threats are offered via this report as it is the key to long-term sustenance in a competitive environment.
Data Bridge Market Research analyses that the cold pain therapy market which is USD 2.07 billion in 2022, is expected to reach USD 3.05 billion by 2030, at a CAGR of 5.00% during the forecast period 2023 to 2030.
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Market Overview:
Cold pain therapy is a medical treatment that involves applying cold materials, such as icepack, to the muscle to relieve pain. Cold pain therapies aid in the reduction of muscle inflammation, swelling, and spasm. Cold pain therapy reduces the flow of blood to the injured muscle, which aids in the patient's relief. Cold Pain Therapy, also known as cryotherapy, is the application of cold materials to alleviate pain. These materials stimulate the body's natural anti-inflammatory response and endorphins, reducing inflammation, swelling, and discomfort. It also aims to reduce neural activity, which reduces pain. Ice packs are the most commonly used type of cold pain therapy because they are a low-cost, convenient, and drug-free way of relieving pain from sprains, fractures, strains, tendinitis, and swelling caused by damage to superficial tissues.
According to a Population Reference Bureau fact sheet, the number of Americans aged 65 and up is expected to nearly double from 52 million in 2020 to 95 million by 2050. The proportion of people aged 65 and up in the total population could rise from 16% to 23%. An increase in the elderly and obese population in the United States is expected to increase the prevalence of osteoporosis. Similarly, the presence of significant companies with extensive distribution networks is expected to fuel growth in the market.
Some of the major players operating in the cold pain therapy market are:
- Sanofi (France)
- 3M (U.S.)
- ROHTO Pharmaceutical Co. Ltd. (Japan)
- DJO, LLC (U.S.)
- Medline Industries, Inc. (U.S.)
- Unexo Laboratories Pvt. Ltd. (India)
- Bruder Healthcare Company LLC. (U.S.)
- Hot and Cold Company (U.S.)
- Polar Products Inc. (U.S.)
- Medichill UK Ltd. (U.K.)
- Medtronic (Ireland)
- Romsons Sustaining the Life Force (India)
- MeyerDC (U.S.)
- Hisamitsu Pharmaceutical Co. Inc. (Japan)
- Breg, Inc. (U.S.)
Global Cold Pain Therapy Market Scope:
Global cold pain therapy market is segmented on the basis of product, distribution channel, therapy type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- OTC Products
- Gels, Ointments and Creams
- Sprays and Foams
- Patches
- Roll-Ons
- Cold Packs
- Others
- Prescription Products
- Motorized Devices
- Non-motorized Devices
Therapy type
- Icepack Therapy
- Chamber Therapy
- Cryosurgery
Application
- Musculoskeletal Disorder
- Post-operative
- Sports Medicine
- Post-trauma Therapy
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- E-Commerce
- Others
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TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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