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.
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.
Market Drivers and Restraints:
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
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
The major players covered in the Cold Pain Therapy Market
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.
Major TOC Of The Report
Chapter One: Cold Pain Therapy Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Cold Pain Therapy Market Competition, by Players
Chapter Four: Global Cold Pain Therapy Market Size by Regions
Chapter Five: North America Cold Pain Therapy Market Revenue by Countries
Chapter Six: Europe Cold Pain Therapy Market Revenue by Countries
Chapter Seven: Asia-Pacific Cold Pain Therapy Market Revenue by Countries
Chapter Eight: South America Cold Pain Therapy Market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Cold Pain Therapy Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Cold Pain Therapy Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Cold Pain Therapy Market
A roadmap of growth opportunities available in the global Cold Pain Therapy Market with the identification of key factors
The exhaustive analysis of various trends of the global Cold Pain Therapy Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Cold Pain Therapy Market?
What will the Cold Pain Therapy Market Demand and what will be Growth?
What are the latest opportunities for Cold Pain Therapy Market in the future?
What are the strengths of the key players?
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