The cold pain therapy global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cold Pain Therapy Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The cold pain therapy market size has grown strongly in recent years. It will
grow from $1.66 billion in 2023 to $1.79 billion in 2024 at a compound annual
growth rate (CAGR) of 7.4%. The growth in the historic period can be
attributed to rise in sports injuries, chronic pain management, post-surgery
recovery, orthopedic applications, fitness and rehabilitation.
The cold pain therapy market size is expected to see strong growth in the next
few years. It will grow to $2.36 billion in 2028 at a compound annual growth
rate (CAGR) of 7.2%. The growth in the
forecast period can be attributed to professional endorsements, innovative
marketing strategies, digital health adoption, supportive regulatory
environment, geriatric population demand, rise in orthopedic conditions. Major
trends in the forecast period include increased sports and fitness focus, shift
towards non-pharmacological methods, at-home treatment preference.
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Scope Of Cold Pain Therapy Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Cold Pain Therapy Market Overview
Market Drivers -
The increased importance of gym activities is significantly contributing to the
growth of the cold pain therapy market. Gym activities are increasing due to
the need to improve brain health, help manage weight, lower the risk of
disease, strengthen bones and muscles, and improve the ability to do everyday
tasks. Cold pain therapy products alleviate pain caused by musculoskeletal
injuries that occur in gym activities. For instance, in March 2022, according
to a report by the Australia Bureau of Statistics, an agency of the Australian
Government responsible for statistical collection and analysis, 73.4% of adults
aged between 18 and 64 in Australia undertook 150 minutes or more of physical
activity regularly, thereby increasing the potential for muscle and tendon
injuries. Therefore, the increasing importance of gym activities will drive the
cold pain therapy market.
Market Trends -
Technological advancement is the key trend gaining popularity in the cold pain
therapy market. Major companies operating in the cold pain therapy market are
trying to come up with new technological advancements in their product
offerings to gain a competitive edge in the market. For instance, in April
2022, Jenburkt Wellness, an India-based company operating in cold pain therapy
unveiled Zixa Strong, an innovative fast-acting pain relief range. This
involves innovative oil-in-water flash micelle technology, a combination of
ultra-rapid mixing techniques, and a uniquely powerful approach to modify the
structure with oil-based formulations that improve therapeutic efficacy.
The cold pain therapy market covered in this report is segmented –
1) By Product: OTC Products, Prescription Products
2) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, E-
Pharmacies
3) By Application: Musculoskeletal Disorders, Post-operative Therapy, Sports
Injuries, Post-trauma Therapy
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Regional Insights -
North America was the largest region in the cold pain therapy market share in
2023. The regions covered in the cold pain therapy market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the cold pain therapy market report are Unexo
Lifesciences Pvt. Ltd., Össur Corporate, Hisamitsu Pharmaceutical Co. Inc.,
Johnson & Johnson, Pfizer Inc., Sanofi S.A., Rohto Pharmaceutical Co. Ltd.,
3M Company, Cardinal Health Inc., Compass Health Brands, Breg Inc., Medline
Industries LP, Performance Health Supply Inc., Romsons Group of Industries,
Beiersdorf AG, DJO Global Inc., Gilead Sciences Inc., Astellas Pharma Inc.,
AstraZeneca plc, Novo Nordisk A/S, Polar Products Inc., The Bristol-Myers
Squibb Company, Mueller Sports Medicine Inc., Eli Lilly and Company, Bruder
Healthcare Company LLC, ThermoTek Inc., Boehringer Ingelheim International
GmbH, GlaxoSmithKline plc, Medtronic plc, Performance Health LLC
Table of Contents
1. Executive Summary
2. Cold Pain Therapy Market Report Structure
3. Cold Pain Therapy Market Trends And Strategies
4. Cold Pain Therapy Market – Macro Economic Scenario
5. Cold Pain Therapy Market Size And Growth
…..
27. Cold Pain Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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