According to the latest report published by Variant Market Research, the Global Cold Pain Therapy market size is estimated to reach $1,885 Million by 2024 from $824 Million in 2016, growing at a CAGR of 4.6% from 2016 to 2024.
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Increasing importance of physical activities to drive the global Cold Pain Therapy Market
The market is majorly boosted by factors such as increasing importance of physical activities such as exercise and gym, and commonness of injuries during sports activities. Moreover, growing awareness among end user’s due to several promotions have also propelled the growth of the market and show an increased cold pain therapy market trend for the future years. However, possibility of side-effects may hamper the market. Furthermore, rising healthcare spending and stringent regulatory approval for oral pain medicines would generate new business opportunities for the market in the coming four to five years.

Market Segmentation
The global Cold pain therapy market is classified into products type, application, and geography. The product type segment comprises OTC based products and prescription based products. Application includes musculoskeletal disorder, sport medicine, post-operative, post-trauma, and physical therapy. Geographical classifications of the market include North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, Italy, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
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Asia-Pacific would attain the fastest CAGR during the forecast period
Asia-Pacific is projected to grow at the fastest CAGR during the forecast period 2016 – 2024. The growth would be driven by increased investments, owing to presence of large patient base, rising use of generic drugs, and improving healthcare services.

Competitive Landscape
Key players are manufacturing innovative products to look diverse and gain competition in the market. The market comprises major competitors such as Hisamitsu Pharmaceutical Co., Inc., 3M Company, Breg Inc., Johnson & Johnson, Ossur hf, ROHTO Pharmaceutical Co., Ltd., Sanofi, DJO Finance LLC, Beiersdorf AG, and Medline Industries Inc., among others.
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Scope of Cold Pain Therapy Market
By Product
• OTC-Based Products
o Pharmaceuticals
 Gels, Ointments, and Creams
 Sprays and Foams
 Patches
 Roll-ons
o Medical Devices
 Cooling Towels, Compresses, Wraps, and Pads
 Cold packs
• Prescription Based Products
o Motorized Devices
o Non-Motorized Devices
By Application
• Musculoskeletal Disorder
• Sport Medicine
• Post-operative
• Post-Trauma
• Physical Therapy
Geographical Segments:
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Russia
o Germany
o France
o Italy
o Others
• Asia Pacific
o India
o China
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

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