The heating pad 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.
Heating Pad 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 heating pads market size has grown strongly in recent years. It will grow from $53.37 billion in 2023 to $57.65 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to increase awareness of health and wellness encourages, improving healthcare infrastructure, rising awareness of pet health, growing popularity of aromatherapy, and growing use of heating pads in physical therapy.
The heating pads market size is expected to see strong growth in the next few years. It will grow to $78.82 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to focus on non-invasive pain relief, inclusion of heating pads in corporate wellness programs, increased focus on ergonomic designs, development of new heating elements, and supportive government initiatives. Major trends in the forecast period include portable, battery-operated heating pads, enhance safety features, development of wearable heating pads, and heating pads with wireless capabilities and remote controls.
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Scope Of Heating Pad 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.
Heating Pad Market Overview
Market Drivers –
The increasing incidence of sports injuries is expected to propel the growth of the heating pad market going forward. Sports injuries are injuries that occur during athletic activities, exercise, or sports. Sports injuries occur due to overuse, improper technique, insufficient warm-up or stretching, and collisions with other players or objects. Heating pads help relieve sports injuries by increasing blood flow to the affected area, reducing muscle stiffness, alleviating pain, and promoting faster tissue and muscle healing. For instance, in June 2024, according to the National Safety Council, a US-based non-profit organization, after reaching a record low in reported sports and recreational injuries in 2020, there was a 20% increase in injuries in 2021, followed by another 12% increase in 2022. Therefore, the increasing incidence of sports injuries is driving the growth of the heating pad market.
Market Trends –
Major companies operating in the heating pad market are focusing on introducing orthopedic heating pads with thermostatic temperature controllers to provide a safe and soothing solution for pain relief. An orthopedic heating pad is a device designed to relieve pain and discomfort in specific body areas and is commonly used for conditions such as arthritis and muscle strains. For instance, in July 2023, Medtech Life, an India-based medical equipment manufacturing company, launched Medtech Handypad hp-01. The Handypad HP-01 is an orthopedic heating pad designed for modern, safe, and convenient heat therapy, featuring thermostatic temperature control, dual safety thermostats, and three adjustable heating levels. It is lined with velvet fabric for premium comfort and is foldable for easy travel use.
The heating pad market covered in this report is segmented –
1) By Product: Microwavable, Water, Electric, Chemical, Infrared, Other Products
2) By Distribution Channel: Direct, Indirect
3) By End User: Hospital, Clinics, Diagnostic Centers, Homecare, Other End-Users
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Regional Insights –
Europe was the largest region in the heating pad market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the heating pad market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the heating pad market are Conair Corporation, Beurer GmbH, Walgreens Boots Alliance Inc., Dongguan Large Electronics Co. Ltd, Apex International, Core Products International Inc., Carex, Pure Enrichment, Chattanooga Group, Sunrise Products, HealthMate International LLC, Drive DeVilbiss, Battle Creek Equipment, Thermotex Therapy Systems Ltd., Nature Creation Inc., UTK Technology Limited, Sunbeam Products Inc., BodyMed Inc., ThermaCare, Venture Heat, Rani Herbals, United Medicare, Milliard, MediCrystal, Sunny Bay
Table of Contents
1. Executive Summary
2. Heating Pad Market Report Structure
3. Heating Pad Market Trends And Strategies
4. Heating Pad Market – Macro Economic Scenario
5. Heating Pad Market Size And Growth
…..
27. Heating Pad Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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