MarketResearch.biz announces publication of its most recently generated research report titled, “Global & US Hot and Cold Therapy Packs Market by Product Type (Therapy Pads, Gel Packs, Instant Packs, and Other Product Types), by Therapy (Hot, Cold, and Hot & Cold), by Application (Chronic Pain Management, Injury/Accident, Pain Management, and Other Applications) and by Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies) – Forecast to 2029”, which offers a holistic view of the global & US hot and cold therapy packs market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be approximately US$ 5.5 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Hot and Cold Therapy Packs: Overview
Hot and cold therapy packs are ideally small packets or sachets filled gel or other substances, or patches and wraps. These are a therapeutic means of offering cost-effective, non-invasive, non-surgical, and non-addictive therapy for pain management, and help to reduce swelling, relax sore or strained muscles, and to enhance blood circulation. Hot and cold therapy packs are an appropriate option for treating sprains, bruises, and strains caused due to accidents, injuries, sport- or otherwise-related.
Browse the full “Hot and Cold Therapy Packs Market By Product Type (Therapy Pads, Gel Packs, Instant Packs, And Others), By Application (Chronic Pain Management, Injury/Accident, Pain Management, And Other Applications) – Forecast To 2029” report at https://marketresearch.biz/report/hot-and-cold-therapy-packs-market/
Global & US Hot and Cold Therapy Packs Market: Market Dynamics
Key factors driving growth of the global & US hot and cold therapy packs market include:
- Growing geriatric population
- Increasing demand and adoption of non-pharmaceutical and non-invasive pain management methods and techniques
- Rising number of accidents leading to minor and major injuries
- High prevalence of chronic disorders such as arthritis, osteoporosis, and other bone-related diseases
- Increasing investments by key players for development of novel solutions
- Recommendation for use of therapy packs for treating severe pain by various healthcare foundations such as the Arthritis Foundation etc.
- Increasing expenditure on personal healthcare and wellness
Global & US Hot and Cold Therapy Packs Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global & US hot and cold therapy packs market based on factors affecting the market and their impact in the foreseeable future. According to forecast projections, revenue from the global & US hot and cold therapy packs market will expand at a CAGR of 6.8% over the forecast period.
Global & US Hot and Cold Therapy Packs Market: Segmental Snapshot
The market report has been segmented on the basis of product type, therapy, application, and distribution channel. The product type segment includes therapy pads, gel packs, instant packs, and other products. The therapy segment includes hot, cold, and hot & cold. The application segment includes chronic pain management, injury/accident, pain management, and others. The distribution channel segment includes hospital pharmacies, online pharmacies, and retail pharmacies.
Product Type: The instant packs segment is projected to register highest CAGR of more than 7% over the 10-year forecast period. The gel packs segment is projected to account for the highest revenue share as compared to the other product type segments in the target market.
Therapy: The hot & cold therapy segment is projected to register the highest CAGR of over 8%. The cold therapy segment is expected to record the largest revenue share as compared to the other therapy segments.
Application: The chronic pain management segment is projected to account for highest revenue share as compared to the other segments. The injury/accident segment is projected to register highest CAGR of over 7% in the global market.
Distribution Channel: The hospital pharmacies segment is estimated to record the highest revenue share. The online pharmacies segment is projected to register highest CAGR of over 8% in the next 10 years.
Global & US Hot and Cold Therapy Packs Market: Competitive Analysis
The research report on the global & US hot and cold therapy packs market includes profiles of major companies such as 3M Company, Beiersdorf Australia Ltd., Breg, Inc., Bruder Healthcare Company, Inc., Caldera International, Inc., Cardinal Health, Carex Health Brands, Chattanooga Group, Inc., Core Products International, Inc., Corso Enterprises, Inc., Covidien plc, DJO Global, Inc., EmployAbility, Inc., Halyard Health, Inc., Kobayashi Pharmaceutical Co., Ltd., Medline Industries, Inc., Modular Thermal Technologies, Inc., Pfizer, Inc., The Mentholatum Company and Thermionics Corp.
The global & US hot and cold therapy packs market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global & US hot and cold therapy packs market for 2019–2029.
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