The Cold Pain Therapy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cold Pain Therapy Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
- Executive Summary
- Cold Pain Therapy Market Characteristics
- Cold Pain Therapy Market Trends And Strategies
- Cold Pain Therapy Market – Macro Economic Scenario
- Global Cold Pain Therapy Market Size and Growth
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- Global Cold Pain Therapy Market Competitive Benchmarking
- Global Cold Pain Therapy Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cold Pain Therapy Market
- Cold Pain Therapy Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Unexo Lifesciences Pvt. Ltd
- Össur Corporate
- Hisamitsu Pharmaceutical Co. Inc
- Johnson & Johnson
- Pfizer Inc
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