Global Cold Pain Therapy Market

The global cold pain therapy market is expected to grow at a compound annual growth rate of ~5% during the forecast period 2022-2030. The increasing prevalence of orthopedic diseases and more and more sports injuries have led to the rapid growth of the market.According to 2017 CDC data, approximately 54.4 million people in the United States suffer from arthritis. The American Academy of Orthopaedic Surgeons estimates that 90% of patients with rheumatoid arthritis tend to have some type of foot and ankle symptoms. In addition, according to data from the Stanford Children's Health Center, nearly one-third of all injuries suffered by children are sports-related injuries. These factors are driving the demand for cold sore treatments.

The increase in the elderly population is another factor driving the market. This part of the population is highly susceptible to arthritis and joint diseases, and is expected to increase the demand for cold therapy products. In addition, the increasing number of falls, frustrations and trauma caused by traffic accidents is another major factor accelerating the growth of the cold pain treatment market.

Cold therapy is a type of cryotherapy that helps activate the bodys natural anti-inflammatory response and endorphins. Can reduce swelling, inflammation and pain. It also helps reduce nerve activity, thereby minimizing pain. Ice packs and bandages are commonly used for patients with muscle sprains, arthritis and back pain. It is very useful for joints and tendons.

The product can be used on knees, shoulders, feet, ankles and other upper limbs. For example, the Cold Rush Compact manufactured by Ossur has a unique flow design that can be used comfortably at home and can also provide cold therapy in a healthcare environment. Another product made by Breg, Intelli-Flo, provides static compression.

PRODUCT INFORMATION:

Among all products, OTC products accounted for the largest share in 2020. This is mainly because these products are easily available in retail stores and online. In addition, the increasing affordability of gels, creams and sprays is driving the growth of this market segment. In addition, due to various OTC products, such as gels, creams, foams, sprays, rollers, patches, cold packs, wraps and compressions, etc., this market segment is expected to witness significant growth during the forecast period These products can also be used as rapid treatment solutions for various pain-related diseases.

Due to the high prevalence of chronic musculoskeletal diseases, the prescription product segment accounted for a large share in 2018. According to data from the British Arthritis Research Centre, in 2018, approximately 17.8 million people in the UK suffered from musculoskeletal diseases. Electric and non-electronic devices help reduce swelling, control pain, and promote the healing process after injury or surgery.

APPLICATION INFORMATION:

Among all applications, orthopedic diseases have the largest market share in 2020 due to various orthopedic diseases such as musculoskeletal diseases, arthritis, osteoarthritis and joint diseases. According to the Arthritis Foundation, osteoarthritis is the most common type of arthritis. WHO estimates that by 2050, approximately 130 million people worldwide will suffer from osteoarthritis. Due to the increasing number of sports-related injuries, the field of sports medicine is expected to grow at a significant rate during the forecast period.

According to the Southwest Sports Coaches Association, 62% of organized sports-related injuries occur during practice. In addition, major players are increasingly producing a variety of products specifically designed for people suffering from sports-related injuries. In addition, due to the increase in the incidence of trauma, the post-traumatic market accounted for most of the market in 2018. More and more traffic accidents are driving the growth of this market segment.

DISTRIBUTION CHANNEL INFORMATION:

Among all distribution channels, retail pharmacies accounted for the largest market share in 2020 due to a wide range of products. In addition, the increasing number of retail pharmacies in developed and developing countries has led to the rapid growth of this market segment. Topical products can be widely used in retail pharmacies. This is expected to drive the growth of this segment.

As it becomes more convenient to choose from websites that provide a range of products and detailed product information, the e-commerce sector is expected to experience significant growth during the forecast period. In addition, the profitable offers and discounts offered on different websites are driving the growth of this market segment. Therefore, the rise of e-commerce makes it easier for consumers to purchase products at a convenient time, which has a positive impact on market growth.

REGIONAL INFORMATION:

In 2020, North America dominated the global market due to factors such as the increase in the prevalence of orthopedic diseases and the high adoption of advanced equipment in the region. It is expected that the increase in the elderly and obese population will lead to an increase in the prevalence of osteoporosis in the United States.

In addition, the presence of major players with extensive distribution networks is expected to drive growth in North America. Significant ratio during the forecast period. This can be attributed to the growing health awareness in developing economies and the region. Osteoarthritis and other orthopedic problems are age-related diseases that mainly occur in people 60 years and older. Therefore, an increasingly aging population and increasing demand for pain management treatments are driving growth in the Asia-Pacific region.

COLD PAIN TREATMENT MARKET SHARE OUTLOOK:

Some of the major players include Beiersdorf; Bragg; DJI Global; Hisamitsu Pharmaceutical Co., Inc.; Johnson & Johnson and Johnson & Johnson; Össur Corporation; Performance Health; Pfizer; DeRoyal Industries; And Rosens Industries Group. Major manufacturers are taking strategic measures such as mergers and acquisitions, new product development and regional expansion to improve their market position.

For example, in 2016, Breg introduced VPULSE therapy, a device that helps prevent DVT, and a combination of wound compression and cold therapy. Breg has a broad portfolio of cold pain management products, including Intelli-Flo, which provides static compression cold therapy. Some of their other products are Polar packages and Polar Care Packs.

MARKET SEGMENTS COVERED BY THE REPORT:

This report forecasts revenue growth at the global, regional and country levels, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research has segmented the cold sore treatment market report based on products, applications, distribution channels, and regions. Equipment application outlook (revenue, millions of dollars, 2022-2030) Orthopedic diseases Postoperative treatment Sports medicine Post-traumatic treatment distribution channel outlook (revenues, millions of dollars, 2022-2030) Hospital pharmacy retail pharmacy e-commerce.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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