Cold Pain Therapy Market Share, Opportunities, Industry 2031
Cold Pain Therapy Market Share, Opportunities, Industry 2031
Segments - Cold Pain Therapy Market by Product (Over the Counter Products [Gels, Ointments, & Creams, Sprays & Foams, Patches, Roll-Ons, Cold Packs, and Others], Prescription Products [Motorized Devices and Non-motorized Devices]), Application (Orthopedic Conditions, Post-operative Therapy, Sports Medicine, and Post-trauma Therapy), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and E-Commerce), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-829
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| 139 Pages
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Report Description
Cold Pain Therapy Market Outlook 2031
The global cold pain therapy market size was valued at USD 1.80 Billion in 2022 and is likely to reach USD 2.82 Billion by 2031, expanding at a CAGR of 5.1% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing number of sports injuries and growing prevalence of orthopedic disorders.
We use ice packs or heating pads to treat everything from arthritis to torn muscles to inflammation. Hot and cold therapy may be incredibly beneficial for a variety of conditions and injuries, and it is also quite economical. The challenging aspect is determining which conditions necessitate heat and which necessitate cold therapy.
Cold therapy is also known as cryotherapy. It works by decreasing blood flow to a specific location, lowering inflammation and swelling that induces pain, typically around a joint or tendon. It can decrease nerve activity briefly, which can help to ease pain. Affected areas can be treated with cold therapy in a variety of methods.
Ice packs or frozen gel packs, coolant sprays, ice massage, and ice baths are some of the treatment options. Cold therapy should not be used at home by people who have sensory abnormalities that prevent them from feeling certain sensations because they may not be able to tell whether damage is being done. Diabetes, for example, can cause nerve damage and decreased sensitivity.
Cold therapy taken for too long or too directly can cause damage to skin, tissue, and nerves. Knowing when to employ cold therapy and when to employ heat therapy will help get the most out of your treatment. Some circumstances will need the use of both. For example, arthritis patients may use heat to relieve joint stiffness and cold to relieve swelling and acute discomfort.
Cold Pain Therapy Market Trends, Drivers, Restraints, and Opportunities
- Increasing prevalence of sports related injuries such as ankle sprains, knee injuries, fractures, joint injuries, tennis elbow (epicondylitis), and dislocations are projected to boost the market growth during the forecast period.
- Rising consumer awareness and increased emphasis on health-related activities such as gym are expected to fuel the market growth in the coming years.
- Growing geriatric population and increasing prevalence of obesity are key factors pushing the market growth during the forecast period.
- Increasing disposable income and growing demand & availability of various products for pain relief are anticipated to spur the market growth during the forecast period.
- Increased usage of low-priced analgesic pills for immediate pain relief and lack of awareness among people regarding the side effects of these pain relief pills possess as a key challenge that can hinder the market growth.
- Lack of clinical justification for the medicine, side effects, and discomfort associated with the treatment are anticipated to hamper the market growth in the coming years.
- Lack of reimbursement policies by government present a key factor that can impede the market growth during the forecast period.
- Increased emphasis on R&D for new product development with higher efficiency is estimated to offer lucrative opportunities for the market players.
Scope of The Cold Pain Therapy Market Report
The report on the global cold pain therapy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Cold Pain Therapy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product (Over the Counter Products [Gels, Ointments, & Creams, Sprays & Foams, Patches, Roll-Ons, Cold Packs, and Others], Prescription Products [Motorized Devices and Non-motorized Devices]), Application (Orthopedic Conditions, Post-operative Therapy, Sports Medicine, and Post-trauma Therapy), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and E-Commerce) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Beiersdorf; Breg, Inc.; DJO Global; Hisamitsu Pharmaceutical Co., Inc.; Johnson & Johnson; ÖssurCorporate; Performance Health; Pfizer, Inc.; DeRoyal Industries, Inc.; and Romsons Group of Industries |
Cold Pain Therapy Market Market Segment Insights
The over-the-counter products segment is expected to account for a key share of the market
Based on product, the cold pain therapy market is bifurcated into over-the-counter products and prescription products. The over-the-counter products is further classified into gels, ointments, & creams, sprays & foams, patches, roll-ons, cold packs, and others. Prescription products is further bifurcated into motorized devices and non-motorized devices.
The over-the-counter products segment is expected to account for a key share of the market during the forecast period due to its easy accessibility in online as well as retail stores. Furthermore, increased affordability of gels, creams, and sprays, as well as the availability of a broad range of OTC products such as gels, creams, foams, sprays, roll-ons, patches, cold packs, wraps, and pads, are expected to fuel market growth during the forecast period.
On the other hand, the prescription products segment is anticipated to expand at a rapid pace during the forecast period owing to increasing prevalence of chronic musculoskeletal disorders. Both motorized and non-motorized devices can help reduce swelling, manage pain, and speed up the healing process after an injury or surgery.
Orthopedic conditions segment is expected to constitute a key share of the market
Based on application, the cold pain therapy market is segmented into orthopedic conditions, post-operative therapy, sports medicine, and post-trauma therapy. The orthopedic conditions segment is expected to constitute a key share of the market during the forecast period due to increasing prevalence of various orthopedic diseases such as musculoskeletal disorders, arthritis, osteoarthritis, and joint disorders.
On the other hand, the sports medicine segment is anticipated to expand at a rapid pace during the forecast period owing to increasing number of sports injuries. Furthermore, major players are progressively developing a variety of products particularly for persons who have had sports-related injuries.
The post-trauma segment is also anticipated to expand at a rapid pace during the forecast period owing to increasing prevalence of traumatic injuries. The growth of this market is expected to be fueled by an increase in the number of traffic accidents.
Retail pharmacy segment is expected to represent a key share of the market
Based on distribution channel, the cold pain therapy market is segmented into hospital pharmacy, retail pharmacy, and e-commerce. The retail pharmacy segment is expected to represent a key share of the market during the forecast period owing to easy accessibility and availability of wide range of products.
Furthermore, the growing number of retail pharmacies in both developed and emerging countries and frequent availability of topical products in retail pharmacies has fueled this segment's rapid expansion.
On the other hand, the e-commerce segment is anticipated to expand at a rapid pace during the forecast period owing to its convenience of choosing the wide range of products from various websites and detailed information of products available on websites.
Furthermore, attractive deals and discounts offered on various websites are propelling this market growth. As a result, the emergence of e-commerce has a favorable influence on market growth by allowing customers to buy products at their convenience.
Cold Pain Therapy Market Regional Outlook
North America is anticipated to dominate the market
On the basis of regions, the cold pain therapy market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to increasing prevalence of orthopedic disorders and growing implication of advance technologies in the region.
Furthermore, increase in the geriatric and obese population and presence of key players in the market is driving the market growth. On the other hand, Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to Increasing awareness among people and developing economies. Furthermore, growth in the region is driven by an aging population and increased demand for pain management solutions.
Segments
Product
- Over the Counter Products
- Gels, Ointments, & Creams
- Sprays & Foams
- Patches
- Roll-Ons
- Cold Packs
- Others
- Prescription Products
- Motorized Devices
- Non-motorized Devices
Application
- Orthopedic Conditions
- Post-operative Therapy
- Sports Medicine
- Post-trauma Therapy
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- E-Commerce
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Beiersdorf
- Breg, Inc.
- DJO Global
- Hisamitsu Pharmaceutical Co., Inc.
- Johnson & Johnson
- ÖssurCorporate
- Performance Health
- Pfizer, Inc.
- DeRoyal Industries, Inc.
- Romsons Group of Industries
Competitive Landscape
Key players competing in the cold pain therapy market include/are Beiersdorf; Breg, Inc.; DJO Global; Hisamitsu Pharmaceutical Co., Inc.; Johnson & Johnson; ÖssurCorporate; Performance Health; Pfizer, Inc.; DeRoyal Industries, Inc.; and Romsons Group of Industries.
Some of the key business strategies employed by companies includes mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
For example, in 2016, Breg introduced VPULSE treatment in 2016, a device that helps prevent DVT by combining wound compression and cold treatment. Intelli-Flo, which combines cold treatment with static compression, is one of Breg's several cold pain treatment solutions.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Cold Pain Therapy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cold Pain Therapy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cold Pain Therapy Market - Supply Chain
4.5. Global Cold Pain Therapy Market Forecast
4.5.1. Cold Pain Therapy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cold Pain Therapy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cold Pain Therapy Market Absolute $ Opportunity
5. Global Cold Pain Therapy Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Cold Pain Therapy Market Size and Volume Forecast by Types
5.3.1. Over the Counter Products
5.3.2. Prescription Products
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cold Pain Therapy Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Cold Pain Therapy Market Size and Volume Forecast by Applications
6.3.1. Orthopedic Conditions
6.3.2. Post-operative Therapy
6.3.3. Sports Medicine
6.3.4. Post-trauma Therapy
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Cold Pain Therapy Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Cold Pain Therapy Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Cold Pain Therapy Demand Share Forecast, 2019-2026
8. North America Cold Pain Therapy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Cold Pain Therapy Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Cold Pain Therapy Market Size and Volume Forecast by Types
8.4.1. Over the Counter Products
8.4.2. Prescription Products
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Cold Pain Therapy Market Size and Volume Forecast by Applications
8.7.1. Orthopedic Conditions
8.7.2. Post-operative Therapy
8.7.3. Sports Medicine
8.7.4. Post-trauma Therapy
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Cold Pain Therapy Demand Share Forecast, 2019-2026
9. Latin America Cold Pain Therapy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Cold Pain Therapy Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Cold Pain Therapy Market Size and Volume Forecast by Types
9.4.1. Over the Counter Products
9.4.2. Prescription Products
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Cold Pain Therapy Market Size and Volume Forecast by Applications
9.7.1. Orthopedic Conditions
9.7.2. Post-operative Therapy
9.7.3. Sports Medicine
9.7.4. Post-trauma Therapy
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Cold Pain Therapy Demand Share Forecast, 2019-2026
10. Europe Cold Pain Therapy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Cold Pain Therapy Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Cold Pain Therapy Market Size and Volume Forecast by Types
10.4.1. Over the Counter Products
10.4.2. Prescription Products
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Cold Pain Therapy Market Size and Volume Forecast by Applications
10.7.1. Orthopedic Conditions
10.7.2. Post-operative Therapy
10.7.3. Sports Medicine
10.7.4. Post-trauma Therapy
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Cold Pain Therapy Demand Share Forecast, 2019-2026
11. Asia Pacific Cold Pain Therapy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Cold Pain Therapy Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Cold Pain Therapy Market Size and Volume Forecast by Types
11.4.1. Over the Counter Products
11.4.2. Prescription Products
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Cold Pain Therapy Market Size and Volume Forecast by Applications
11.7.1. Orthopedic Conditions
11.7.2. Post-operative Therapy
11.7.3. Sports Medicine
11.7.4. Post-trauma Therapy
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Cold Pain Therapy Demand Share Forecast, 2019-2026
12. Middle East & Africa Cold Pain Therapy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Cold Pain Therapy Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Cold Pain Therapy Market Size and Volume Forecast by Types
12.4.1. Over the Counter Products
12.4.2. Prescription Products
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Cold Pain Therapy Market Size and Volume Forecast by Applications
12.7.1. Orthopedic Conditions
12.7.2. Post-operative Therapy
12.7.3. Sports Medicine
12.7.4. Post-trauma Therapy
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Cold Pain Therapy Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Cold Pain Therapy Market: Market Share Analysis
13.2. Cold Pain Therapy Distributors and Customers
13.3. Cold Pain Therapy Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Beiersdorf
13.4.2. Breg, Inc.
13.4.3. DJO Global
13.4.4. Hisamitsu Pharmaceutical Co., Inc.
13.4.5. Johnson & Johnson
13.4.6. ÖssurCorporate
13.4.7. Performance Health
13.4.8. Pfizer, Inc.
Methodology
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