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.
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.
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.
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.
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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