The 2022 global cold pain therapy market reached a size of USD 1.78 Billion and is anticipated to experience a revenue Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period, as reported in the latest analysis by Reports and Data. The upswing in market revenue is primarily propelled by the rising engagement in sports activities, subsequently resulting in a surge in injuries.
Numerous factors contribute to the growth of the global cold pain therapy market revenue, with ongoing trends and developments evident in the forecast period. The escalating participation in sports is correlated with an increased incidence of injuries. A September 2022 article from the University of Bath highlighted a Canadian study examining injury frequencies among high school students involved in contact sports. The study revealed a notable prevalence of injuries among participants, ranging from 12.7 injuries per 100 participants per year in rugby to 33.1 injuries per 100 participants per year in ice hockey.
Individuals are increasingly opting for non-invasive or drug-free therapeutic alternatives for pain management due to their reduced risk of complications, faster recovery times, and minimal downtime. Recent advancements in medical technology are introducing a variety of non-invasive pain relief treatments. However, the market's revenue growth faces constraints due to the existence of affordable alternatives and concerns related to allergies and nerve sensitivity.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
Pfizer Inc., Cardinal Health, Breg, Rohto Pharmaceutical Co., Ltd., Johnson Johnson Services, Inc., Hisamitsu Pharmaceutical Co., Inc., Össur, DJO, LLC, Rapid Aid, and Sanofi
Based on Product Type market is segmented into:
- OTC Products
- Pharmaceuticals
- Patches
- Roll-Ons
- Gels, Ointments, and Creams
- Sprays and Foams
- Medical Devices
- Compresses, Wraps, Pads, and Cooling Towels
- Cold Packs
- Prescription Products
- Motorized Devices
- Non-Motorized Devices
Based on Therapy Type Outlook is segmented into:
- Chamber Therapy
- Cryosurgery
- Icepack Therapy
- Others
Device Type Outlook:
- Dipstick Applicator
- Cryoprobe
- Spray Cryogun
- Others
Application Outlook:
- Post-Operative Therapy
- Post-Trauma Therapy
- Orthopedic Conditions
- Post Medicine
Distribution Channel Outlook:
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
Major Points covered in this report are as below:
- An analysis of Cold Pain Therapy industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Cold Pain Therapy manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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