Localized Temperature Therapy Products Market Trends [2031]
Localized Temperature Therapy Products Market Trends [2031]
Segments - Localized Temperature Therapy Products Market by Product (Localized Cold Therapy Product, Localized Neonatal Therapy Product, and Localized Heat Therapy Product), Application (Shoulder, Knee, Back, Neck, and Others), Distribution Channel (Online Pharmacies, Retail Pharmacies, and Hospital Pharmacies), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :HC-5968
| 4.7 Rating
| 56 Reviews
| 198 Pages
| Format :
Report Description
Localized Temperature Therapy Products Market Outlook 2031
The global localized temperature therapy products market size was USD 1.66 Bn in 2022 and is likely to reach USD 2.71 Bn by 2031, expanding at a CAGR of 5.6% during 2023–2031. The market growth is attributed to the growing demand for non-surgical & non-pharmacological therapies and increasing awareness among consumers about the benefits of localized temperature therapy.
Rising focus on self-care and home-based treatment solutions is anticipated to significantly boost the growth of the localized temperature therapy products market in the coming years. Increasing prevalence of musculoskeletal disorders increases the demand for localized temperature therapy products as non-invasive solutions for pain management and recovery.
Localized temperature therapy products refer to a category of therapeutic devices designed to apply controlled heat or cold to specific areas of the body. These products are utilized for various health and wellness purposes by aiming to provide relief, help in healing, and improve overall well-being. Rising innovations include devices that utilize technologies such as microwaves and electricity to deliver effective localized temperature therapy.
The market report finds that the COVID-19 pandemic affected the localized temperature therapy products market. The pandemic disrupted global supply chains, which affected the production and distribution of various goods, including healthcare products. This led to challenges in the availability of certain localized temperature therapy products. The demand for home-based healthcare products and solutions surged in during and post pandemic, thus increased the demand for localized temperature therapy products.
Impact of Artificial Intelligence (AI) on the Localized Temperature Therapy Products Market
Artificial Intelligence (AI) is expected to boost the revenue of the market players present in the localized temperature therapy products market in the coming years. This technology is employed in the design and innovation of localized temperature therapy products. AI has the capability to analyze individual health data, including medical history and physiological parameters. This information is used to personalize localized temperature therapy, tailoring treatment plans to meet the specific needs and conditions of users.
Localized Temperature Therapy Products Market Dynamics
Major Drivers
Rising road accidents and sports-related injuries drive the market. Road accidents and sports-related injuries often result in various types of musculoskeletal injuries, including sprains, strains, and fractures. Localized temperature therapy such as the application of heat and cold to the affected area, is a common approach for managing pain.
Sports injuries and accidents lead to muscle tension and stiffness. Applying heat through localized temperature therapy helps relax muscles, improve flexibility, and enhance overall comfort during the recovery process. For instance,
-
According to the World Health Organization, in July 2022, around 1.71 billion individuals were living with musculoskeletal conditions globally. Musculoskeletal disorders represent the primary source of global disability, and among them, low back pain stands out as the predominant cause of disability in 160 countries.
Existing Restraints
The availability of alternative therapies and treatments hampers the market. The availability of alternative therapies such as medications, physical therapy, or surgical interventions for certain conditions limits the adoption of localized temperature therapy products. Furthermore, limited clinical evidence of localized temperature therapy products for all health conditions hinders the market.
Emerging Opportunities
Growing technological advancements create lucrative opportunities for the market. The integration of smart technology and Internet of Things (IoT) features into localized temperature therapy products allows for enhanced functionality. Smart devices offer features such as temperature control, remote monitoring, and connectivity with healthcare apps that provide a personalized user experience.
Technological advancements enable improved temperature control precision, which minimizes the risk of burns and increases the safety of these products.
Scope of the Localized Temperature Therapy Products Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Localized Temperature Therapy Products Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Product (Localized Cold Therapy Product, Localized Neonatal Therapy Product, and Localized Heat Therapy Product), Application (Shoulder, Knee, Back, Neck, and Others), and Distribution Channel (Online Pharmacies, Retail Pharmacies, and Hospital Pharmacies) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Breg, Inc.; Cardinal Health; 3M; MCKESSON CORPORATION; Medline Industries, Inc.; Medtronic; Mölnlycke Health Care AB; Pikdare S.p.A.; Rapid Aid; and Weiss Technik North America, Inc. |
Localized Temperature Therapy Products Market Segment Insights
Product Segment Analysis
Based on product, the localized temperature therapy products market is divided into localized cold therapy product, localized neonatal therapy product, and localized heat therapy product. The localized heat therapy product segment is expected to hold a dominant share of the market during the projection period, as it provides effectiveness in pain management and versatility in application.
Localized heat therapy is widely recognized for its effectiveness in managing pain. It helps alleviate discomfort associated with various conditions such as muscle strains, joint pain, and injuries. Localized heat therapy products come in various forms, including heating pads, wraps, and patches, offering versatility in their applications. This adaptability allows users to apply heat therapy to specific body parts, which further boosts their popularity and the market.
The cold therapy product segment is expected to expand at a significant growth rate in the coming years, as it has anti-inflammatory properties and helps in post-exercise recovery. Cold therapy is known for its anti-inflammatory effects, which makes it a preferred choice for conditions involving swelling, inflammation, and acute injuries. It is commonly used in sports medicine for post-exercise recovery. Athletes and fitness enthusiasts utilize cold therapy products to reduce muscle soreness, minimize inflammation, and help in quick recovery after intense physical activity.
Application Segment Analysis
On the basis of application, the global market is segregated into shoulder, knee, back, neck, and others. The back segment is projected to register a high CAGR during the forecast period, due to the rising prevalence of back pain and increasing incidence of chronic conditions. Back pain is a common health issue affecting a significant portion of the population globally.
The high prevalence of back pain increases the demand for localized temperature therapy products for back pain management. Chronic conditions affecting the back include arthritis, herniated discs, and sciatica. Localized temperature therapy is a non-invasive approach for individuals with chronic back issues, which provides convenience and rapid relief.
Distribution Channel Segment Analysis
On the basis of distribution channel, the localized temperature therapy products market is segmented into online pharmacies, retail pharmacies, and hospital pharmacies. The retail pharmacies segment is anticipated to register a robust growth rate during the forecast period, as it provides convenience to consumers and offers immediate availability of the products for urgent needs.
Retail pharmacies provide easy accessibility to localized temperature therapy products, which makes them readily available to a wide consumer base. Many localized temperature therapy products are available over the counter (OTC), allowing consumers to purchase them without a prescription. Retail pharmacies offer immediate availability of products, making them suitable for individuals with urgent needs such as those seeking relief from acute pain or injuries.
The online pharmacies segment is anticipated to gain significant revenue share during the forecast period, owing to rising e-commerce & online pharmacy platforms and increasing health awareness among individuals. Growing health awareness among consumers increased the focus on self-care and preventive healthcare measures.
Localized temperature therapy products such as heat packs or cold compresses are commonly used for managing pain, inflammation, and injuries at home. Consumers are increasingly turning to online platforms to purchase healthcare products, as these platforms provide convenience, accessibility, and a wide product selection.
Regional Outlook
In terms of region, the global localized temperature therapy products market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the growing population and rising prevalence of chronic disease.
Asia Pacific has a large and rapidly growing population, which leads to a high prevalence of various health conditions, injuries, and musculoskeletal issues, driving the demand for localized temperature therapy products in the region. Additionally, these products are used during increasing the incidence of chronic diseases such as arthritis and back pain for managing symptoms associated with chronic conditions. For instance,
-
As per the recent data published in 2022, the population in China reached 1.4 billion in 2021, which makes it a highly populated country in the Asia Pacific.
The market in North America is projected to expand rapidly during the forecast period, owing to growing technological advancement & innovation and the presence of advanced healthcare systems. North America is known for its advanced healthcare systems with access to state-of-the-art medical technologies, which increase the adoption of innovative localized temperature therapy products. Growing technological advancements and innovation in healthcare led to the development of advanced localized temperature therapy products with smart features and precision control to enhance user experience.
Segments
The localized temperature therapy products market has been segmented on the basis of
Product
- Localized Cold Therapy Product
- Localized Neonatal Therapy Product
- Localized Heat Therapy Product
Application
- Shoulder
- Knee
- Back
- Neck
- Others
Distribution Channel
- Online Pharmacies
- Retail Pharmacies
- Hospital Pharmacies
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Breg, Inc.
- Cardinal Health
- 3M
- MCKESSON CORPORATION
- Medline Industries, Inc.
- Medtronic
- Mölnlycke Health Care AB
- Pikdare S.p.A.
- Rapid Aid
- Weiss Technik North America, Inc.
Competitive Landscape
Key players competing in the global localized temperature therapy products market are Breg, Inc.; Cardinal Health; 3M; MCKESSON CORPORATION; Medline Industries, Inc.; Medtronic; Mölnlycke Health Care AB; Pikdare S.p.A.; Rapid Aid; and Weiss Technik North America, Inc.
These prominent companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base globally. For instance,
-
In June 2021, C2Dx acquired T/Pump product line by Stryker, which provides localized temperature treatment. The T/Pump, the second product line by C2Dx after the STIC Intra-Compartmental Pressure Monitor acquisition, offers pain relief for orthopedic disorders and various localized pain conditions such as arthritis and neuritis.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Localized Temperature Therapy Products 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. Localized Temperature Therapy Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Localized Temperature Therapy Products Market - Supply Chain
4.5. Global Localized Temperature Therapy Products Market Forecast
4.5.1. Localized Temperature Therapy Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Localized Temperature Therapy Products Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Localized Temperature Therapy Products Market Absolute $ Opportunity
5. Global Localized Temperature Therapy Products Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Localized Temperature Therapy Products Market Size and Volume Forecast by Applications
5.3.1. Shoulder
5.3.2. Knee
5.3.3. Back
5.3.4. Neck
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Localized Temperature Therapy Products Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Localized Temperature Therapy Products Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Localized Temperature Therapy Products Demand Share Forecast, 2019-2026
7. North America Localized Temperature Therapy Products Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Localized Temperature Therapy Products Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Localized Temperature Therapy Products Market Size and Volume Forecast by Applications
7.4.1. Shoulder
7.4.2. Knee
7.4.3. Back
7.4.4. Neck
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Localized Temperature Therapy Products Demand Share Forecast, 2019-2026
8. Latin America Localized Temperature Therapy Products 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
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Localized Temperature Therapy Products Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Localized Temperature Therapy Products Market Size and Volume Forecast by Applications
8.4.1. Shoulder
8.4.2. Knee
8.4.3. Back
8.4.4. Neck
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Localized Temperature Therapy Products Demand Share Forecast, 2019-2026
9. Europe Localized Temperature Therapy Products 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. Europe Average Pricing Analysis
9.2. Europe Localized Temperature Therapy Products Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Localized Temperature Therapy Products Market Size and Volume Forecast by Applications
9.4.1. Shoulder
9.4.2. Knee
9.4.3. Back
9.4.4. Neck
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Localized Temperature Therapy Products Demand Share Forecast, 2019-2026
10. Asia Pacific Localized Temperature Therapy Products 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Localized Temperature Therapy Products Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Localized Temperature Therapy Products Market Size and Volume Forecast by Applications
10.4.1. Shoulder
10.4.2. Knee
10.4.3. Back
10.4.4. Neck
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Localized Temperature Therapy Products Demand Share Forecast, 2019-2026
11. Middle East & Africa Localized Temperature Therapy Products 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. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Localized Temperature Therapy Products Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Localized Temperature Therapy Products Market Size and Volume Forecast by Applications
11.4.1. Shoulder
11.4.2. Knee
11.4.3. Back
11.4.4. Neck
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Localized Temperature Therapy Products Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Localized Temperature Therapy Products Market: Market Share Analysis
12.2. Localized Temperature Therapy Products Distributors and Customers
12.3. Localized Temperature Therapy Products Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Breg, Inc.
12.4.2. Cardinal Health
12.4.3. 3M
12.4.4. MCKESSON CORPORATION
12.4.5. Medline Industries, Inc.
12.4.6. Medtronic
12.4.7. Mölnlycke Health Care AB
12.4.8. Pikdare S.p.A.
12.4.9. Rapid Aid
12.4.10. Weiss Technik North America, Inc.
Methodology
Related Reports
Some other reports from this category!
Our Clients
