Global Cold Pain Therapy Market is projected to be valued $XX Million by 2025; with a CAGR of XX% from 2017 to 2025. Cold pain therapy is generally applied on the fresh injuries such as ligament sprains, muscle sprains, and severe bruises. It slows down blood flow to the injury which reduces pain & swelling with decrease in muscle spasm, inflammation and cold pain. It is also helpful for chronic overuse or tissue fatigue injuries like iliotibial band syndrome, plantar fasciitis, patellofemoral pain syndrome, tennis elbow, carpel tunnel syndrome, and supraspinatus tendinitis and others.
global growth in occurrences of injuries during sport activities and rising emphasis on exercise & gym are some of the major factors driving the global cold pain therapy market. Moreover, advertising adopted by key players hah also increased consumer awareness which has further fueled the market growth. However, side-effects and discomfort associated with cold pain therapy treatment and substantial clinical evidences in favor of cold pain therapy may hamper the market growth. Though, stringent regulatory approval for oral pain medicines and increasing healthcare expenditure would provide growth opportunities for the market over the forthcoming years.
The cold pain therapy market is mainly classified into product, application, and geography. OTC based products and prescription-based products are the classifications done under the product segment. Where, OTC based products is further categorized into pharmaceuticals (gels, ointments, & creams, sprays & foams, patches, and roll-ons) and medical devices (cooling towels, compresses, wraps, & pads, and cold packs). And prescription based products is further categorized into motorized devices and non-motorized devices. Musculoskeletal disorder, post-trauma, sport medicine, post-operative, and physical therapy are the segmentations done by application.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the geographical bifurcations of the market. The U.S., Canada, and Mexico are analyzed under the North America market whereas Europe consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Top players in the cold pain therapy market include Johnson & Johnson, Ossur hf, ROHTO Pharmaceutical Co., Ltd., Sanofi, DJO Finance LLC, Hisamitsu Pharmaceutical Co., Inc., 3M Company, Breg Inc., Beiersdorf AG, and Medline Industries Inc., among others.
The key takeaways from the report
Scope of Cold Pain Therapy Market