Global Cold Pain Therapy Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global cold pain therapy market in its upcoming report titled, “Global Cold Pain Therapy Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global cold pain therapy market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cold pain therapy market report has been segmented on the basis of product, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Use of materials that are cold or have a lower core temperature to relieve pain in individuals is commonly referred as cold pain therapy or cryotherapy. Cryotherapy is primarily used as an injury management skill, to reduce swelling or any inflammations in individuals who have recently met with accidents. Various studies have shown that cold compression slows blood flow to injury, which results in considerable reduction of pain, inflammation, and any muscle spasms.

Increasing cases of injuries due to sport activities and growing awareness about leading a healthy and fit lifestyle by inculcating gym activities are major factors driving growth of the global cold pain therapy market. In addition, stringent government regulations for approval of oral drugs and therapeutics and growing healthcare expenditure due to lack of activity and obesity are other major factors expected to boost growth of the global cold pain therapy market over the forecast period.

However, lack of proper reimbursement policies is a major factor restraining growth of the global cold pain therapy market. Additionally, side effects due to use of cold pain therapies coupled with various discomforts associated with treatment are other major factors expected to hamper growth of the global cold pain therapy market over the forecast period.

A major and rising trend in the global market is increasing adoption of cold pain therapy treatments by bodybuilders and professional athletes. This is another factor projected to fuel growth of the global cold pain therapy market over the forecast period to a significant extent.

Currently, the market in North America accounts for highest share in the global cold pain therapy market in revenue terms, owing to high awareness about cold pain therapy treatments, and increasing cases of injuries due to changing lifestyle in the region. The market in Europe accounted for second-highest revenue share in the global cold pain therapy market, due to high healthcare expenditure by governments of countries, and high disposable income, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increase in number of patients suffering from injuries from various day-to-day activities, and rise in government initiatives for the improvement of healthcare facilities in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.

Global cold pain therapy market segmentation:

By product:

• OTC Products
  • Pharmaceuticals
  • Medical Devices
• Prescription Products

By application:

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

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa