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Cold Pain Therapy Market (Product - Over the Counter Products, and Prescription Products; Application - Sports Medicine, Musculoskeletal Disorder, Post-trauma, and Postoperative; Distribution Channel - Retail Pharmacies, Hospital Pharmacies, and Online Pharmacies): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : HC0827

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the cold pain therapy market provides an in-depth analysis of segments and sub-segments in the global as well as regional cold pain therapy market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cold pain therapy market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cold pain therapy market. According to the report, the global cold pain therapy market is projected to grow at a CAGR of 4.7% over the forecast period of 2019-2025.

 

Market Insight

Cold pain therapy uses cold materials to relieve pain. It is an essential injury management skill. Ice packs are primarily used on injuries and inflammations to reduce pain and swelling. Cold pain therapy is majorly used on fresh injuries such as muscle sprains, ligament sprains, and severe bruises. Cold compression slows the flow of blood to the injury and thus reduces pain, inflammation, and muscle spasm. The rising adoption of safer pain management techniques propels the demand for cold pain therapy.

 

The rising prevalence of sports injuries will augment the growth of the cold pain therapy market. A study estimated that 2.9 million people get injured annually due to sports activities, playgrounds, and athletic field activities. The surge in the number of hip and knee surgeries worldwide led to the rise in the adoption of cold pain therapy. Additionally, emphasis on gym activities and exercises for maintaining health stimulates the demand for cold pain therapy. The rising healthcare expenditure for physical injuries caused due to lack of activity and obesity propel the expansion of cold pain therapy market. Furthermore, the rise in the number of patients with orthopedic diseases boosts the demand for cold pain therapy. According to the World Health Organization, 9.6% of men and 18.0% of women aged more than 60 years have osteoarthritis globally. In addition, the growing geriatric population contributes to the growth of the cold pain therapy market. Aged people are prone to arthritis and joint disorders propelling the demand for cold pain therapy. The rising number of traumatic injuries occurred due to mishaps, falls, and road accidents are one of the major contributors to the expansion of the cold pain therapy market. On the flip side, increasing the use of low priced analgesic pain relief pills hamper the growth of the cold pain therapy market. Moreover, rising regulatory barriers to oral pain medications create several opportunities for the growth of the cold pain therapy market.

 

Geographically, the global cold pain therapy market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have a dominant share in the global cold pain therapy market. The growing prevalence of orthopedic diseases and the rising adoption of advanced devices in the region led to the growth of cold pain therapy in North America. In addition, increasing the obese and geriatric population in North America is one of the major factors leading to a rise in demand for cold pain therapy in the region. Asia-Pacific region is expected to grow with a healthy CAGR in the global cold pain therapy market over the forecast period. The rising healthcare awareness and surge in the number of osteoarthritis and orthopedic patients in the Asia-Pacific region contribute to the expansion of the cold pain therapy market in Asia-Pacific. Europe has fruitful opportunities for the growth of the cold pain therapy market owing to increasing healthcare services and growing focus in maintaining good physical health with exercise.

 

Segment Covered

The report on global cold pain therapy market covers segments such as product, application, and distribution channel. On the basis of product, the sub-markets include over the counter products, and prescription products. On the basis of application, the sub-markets include sports medicine, musculoskeletal disorder, post-trauma, and postoperative. On the basis of distribution channel, the sub-markets include retail pharmacies, hospital pharmacies, and online pharmacies.

 

Companies Profiled:

The report provides profiles of the companies in the market such as The 3M Company, BREG, Inc., Hisamitsu Pharmaceutical Co., Inc., Johnson & Johnson, Medline Industries, Inc., Sanofi S.A., Pfizer Inc., Rohto Pharmaceutical Co., Ltd., Performance Health, LLC, Unexo Life Sciences Pvt. Ltd., and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cold pain therapy market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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