Cold Pain Therapy Market is Expected to Reach USD 3.05 Billion by 2030

A high-ranking Cold Pain Therapy Market report comprises of basic, secondary and advanced information related to the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts. Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What’s more, Cold Pain Therapy Market survey report presents the data and information for actionable, most recent, and real-time market insights which makes it easier to even take critical business decisions.

According to a Population Reference Bureau fact sheet, the number of Americans aged 65 and up is expected to nearly double from 52 million in 2020 to 95 million by 2050. The proportion of people aged 65 and up in the total population could rise from 16% to 23%. An increase in the elderly and obese population in the United States is expected to increase the prevalence of osteoporosis. Similarly, the presence of significant companies with extensive distribution networks is expected to fuel growth in the market.

Data Bridge Market Research analyses that the cold pain therapy market which is USD 2.07 billion in 2022, is expected to reach USD 3.05 billion by 2030, at a CAGR of 5.00% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Overview:

Cold pain therapy is a medical treatment that involves applying cold materials, such as icepack, to the muscle to relieve pain. Cold pain therapies aid in the reduction of muscle inflammation, swelling, and spasm. Cold pain therapy reduces the flow of blood to the injured muscle, which aids in the patient’s relief. Cold Pain Therapy, also known as cryotherapy, is the application of cold materials to alleviate pain. These materials stimulate the body’s natural anti-inflammatory response and endorphins, reducing inflammation, swelling, and discomfort. It also aims to reduce neural activity, which reduces pain. Ice packs are the most commonly used type of cold pain therapy because they are a low-cost, convenient, and drug-free way of relieving pain from sprains, fractures, strains, tendinitis, and swelling caused by damage to superficial tissues.

Drivers

• Rising number of traumatic injury cases

Increased injury cases due to sports activities, as well as increased awareness about healthy and fit lifestyles, are driving the cold pain therapy market, along with an increase in the geriatric population. An increasing number of traumatic injuries caused by falls, mishaps, and road accidents are also major factors driving the growth of the cold pain therapy market. Furthermore, the cold pain therapy market is expected to grow during the forecast period due to the superior advantages offered by topical analgesics over oral drugs, such as less systemic absorption, fewer side effects, and a lower risk of toxicity.

• Rising ageing population

According to the World Health Organization (WHO), despite owning more than 60% of automobiles, poor and middle-income countries account for 93% of global road fatalities, according to the World Health Organization (WHO). As a result of an increase in traffic accidents and the growing use of over-the-counter (OTC) products, the market is expanding. Osteoarthritis and related orthopaedic issues are aging-related conditions that primarily affect adults over the age of 60. As a result, an ageing population and increased demand for pain management solutions are driving growth.

• Increasing number of sports-related injuries

An increasing number of sports-related injuries and the global prevalence of various orthopaedic diseases are key factors expected to drive growth. According to Stanford’s Children’s Health, sports-related injuries account for roughly one-third of all injuries sustained by children. Furthermore, an increase in the geriatric population and an increase in the number of traumatic injuries caused by road accidents, falls, and mishaps are two other factors influencing the global market to grow rapidly.

Recent Developments

• In 2021, Battle Creek introduced cold therapy wraps to help with and treat chronic pain and inflammation. The products are available in four sizes, ranging from 12X8 inches to 23X14 inches, and feature a proprietary gel technology that remains flexible while providing flexibility and effective cold therapy.
• In 2021, Breg entered into a partnership with Club Warehouse to expand the delivery of its premium orthopaedic products in Australia. The company plans to distribute its sports organization and orthopaedic practises throughout the region.

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Some of the major players operating in the cold pain therapy market are:

• Sanofi (France)
• 3M (U.S.)
• ROHTO Pharmaceutical Co. Ltd. (Japan)
• DJO, LLC (U.S.)
• Medline Industries, Inc. (U.S.)
• Unexo Laboratories Pvt. Ltd. (India)
• Bruder Healthcare Company LLC. (U.S.)
• Hot and Cold Company (U.S.)
• Polar Products Inc. (U.S.)
• Medichill UK Ltd. (U.K.)
• Medtronic (Ireland)
• Romsons Sustaining the Life Force (India)
• MeyerDC (U.S.)
• Hisamitsu Pharmaceutical Co. Inc. (Japan)
• Breg, Inc. (U.S.)

Cold Pain Therapy Market Scope

Product 

• OTC Products
• Gels, Ointments and Creams
• Sprays and Foams
• Patches
• Roll-Ons
• Cold Packs
• Others
• Prescription Products
• Motorized Devices
• Non-motorized Devices

Therapy type

• Icepack Therapy
• Chamber Therapy
• Cryosurgery

Application 

• Musculoskeletal Disorder
• Post-operative
• Sports Medicine
• Post-trauma Therapy

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• E-Commerce
• Others

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

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