Cold Pain Therapy Market Size And Forecast
According to Verified Market Research, the Cold Pain Therapy Market was valued at USD 1.6 Billion in 2018 and is projected to reach USD 2.26 Billion by 2026, growing at a CAGR of 4.42% from 2019 to 2026.
What is Cold Pain Therapy?
The cold pain therapy is also known as cryotherapy. This therapy uses cold materials to reduce swelling and inflammation that causes pain. Ice packs are used on inflammations and injuries to help reduce swelling and pain. Ice packs are inexpensive, effective, and drugless methods that relieve the pain from sprains, bruises, strains, tendinitis, and swelling caused due to trauma to superficial tissues. Cold pain therapy is primarily used on fresh injuries such as muscle sprains, ligament sprains, and severe bruises. This therapy is also used for chronic overuse or tissue fatigue injuries such as tennis elbow, iliotibial band syndrome, carpal tunnel syndrome, supraspinatus tendonitis, patellofemoral pain syndrome, and plantar fasciitis.
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Global Cold Pain Therapy Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The global cold pain therapy market is majorly driven by increasing injury cases due to sports activities and rising awareness regarding healthy and fit lifestyle. The other key drivers such as the strict government regulations for approval of oral drugs and therapeutics and rising healthcare expenditure due to lack of activity and obesity are also expected to fuel the growth of the market. Furthermore, the growing adoption of cold pain therapy treatments by professional athletes and bodybuilders is projected to propel the growth of the market. However, the side effects due to the use of cold pain therapies along with various discomforts associated with treatment and the lack of proper reimbursement policies are some major factors limiting the growth of the global market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Cold Pain Therapy Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Cold Pain Therapy Market Competitive Landscape
The “Global Cold Pain Therapy Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Breg, Inc., Beiersdorf AG, Ã–ssur HF, 3M Company, DJO Finance LLC, Hisamitsu Pharmaceutical Co., Inc., Johnson & Johnson, Medline Industries, Inc., Rohto Pharmaceutical Co., Ltd., and Sanofi.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Cold Pain Therapy Market, By Product
• OTC Products
• Prescription Products
o Medical Devices
Cold Pain Therapy Market, By Application
• Musculoskeletal Disorders
• Post-Operative Therapy
• Post-Trauma Therapy
• Sports Medicine
Cold Pain Therapy Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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