Global Cold Pain Therapy Market Facts, Figures and Analytical Insights, and Forecast to 2026

Market Analysis and Insights:-Global Cold Pain Therapy Market

Cold Pain Therapy Market

Market Analysis: Global Cold Pain Therapy Market

Global cold pain therapy market is expected to rise gradually registering a substantial CAGR of 5.3% in the forecast period of 2019-2026. This rise in market value can be attributed to Increase in the number of injuries caused during sports activities, rise in emphasis on exercise and gym activities to maintain health, growth in health care expenditure due to physical injuries caused by obesity or lack of activity and stringent regulatory approval process for oral pain medicines during the forecast period .

The increase in market value can be attributed to rise in the number of injuries due to sports activities, increase in geriatric population, exercise and gym activities for health maintenance, increase in health care expenditure due to obesity and supportive initiative of the government is flourishing the market growth.

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Market Definition: Global Cold Pain Therapy Market

Cold therapy also known as cryotherapy uses cold material for relieving local pain, myofascial pain and pain due to muscle spasm. It reduces the blood flow to a particular area, which help in reducing the inflammation and swelling around joints. This cold treatment slows down the blood flow to the injury and hence reducing the swelling and pain. The use of ice packs is most widely used as a primary analgesic in relieving pain. Mainly the injuries caused due to the sports activity, gym activities are the major drivers for the growth of this market.

Market Drivers

Increase in geriatric population is enhancing the market growth

Increase in demand of cold pain therapy mainly in the field of sports injury is a driving factor for the market growth

Availability of several products for pain relief in the market is accelerating the growth in the market

Growing awareness among consumers owing to promotional marketing strategies

Supportive initiative of the government is flourishing the market growth


Market Restraints

Side effects due to use of cold pain therapies coupled with various discomforts is a restraint in the market growth

The clinical evidence for the medication of cold pain therapy is also hampering the market growth


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Segmentation: Global Cold Pain Therapy Market

By Product

OTC Products

Pharmaceuticals

Gels, Ointments and Creams

Sprays and Foams

Patches

Roll-ons


Medical Devices

Cooling Towels

Compresses

Wraps

Pads

Cold packs



Prescription Products

Motorized Devices

Non-motorized Devices



By Application

Musculoskeletal Disorders

Sports Medicine

Post-Operative Therapy

Post-Trauma Therapy


By Therapy:

Icepack Therapy

Chamber Therapy

Cryosurgery


By Distribution Channel

Hospitals Pharmacies

Online Pharmacies

Retail Pharmacies


By Geography

North America

U.S.

Canada

Mexico


South America

Brazil

Argentina

Rest of South America


Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe



Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Thailand

Malaysia

Indonesia

Philippines

Rest of Asia Pacific


Middle East & Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East & Africa



Key Developments in the Market:

In June 2018, Halyard Health, Inc. in Alpharetta announced a definitive agreement to acquire Cool Systems, Inc., marketed as Game Ready, a provider of cold therapy and compression therapy systems. This would help in broadening the orthopedic footprint and would provide innovative non-opioid therapies that reduce or eliminate the usage of opioids for surgical patients

In April 2019, Pacira BioSciences, Inc. announced its acquisition with MyoScience, Inc. (“MyoScience”), which will advance the non-opioid pain management by adding the FDA-approved iovera system to the Pacira commercial offering. This would help patients and healthcare providers to fight the opioid crisis by offering innovative therapies to decrease or eliminate the need for opioids


Competitive Analysis:

Global cold pain therapy market

Key Market Competitors:

Some of the major players operating in global cold pain therapy market are Sanofi, 3M, Rohto Pharmaceutical Co., Ltd., DJO Global, Medline Industries. Inc., Unexo Laboratories Pvt. Ltd., Bruder Healthcare, Hot and Cold Company, Polar Products Inc., FrozenPeaz Inc., Medichill UK, Romsons, MeyerDC, Hisamitsu Pharmaceutical Co., Breg, Inc., Rgis, Llc., Rapid Aid, Performance Health, Össur Corporate, Medtronic among others.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technical Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

Current and future of global cold pain therapy market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players


Customization of the Report:

All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)


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About Data Bridge Market Research:

Data Bridge Market Research


Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

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