Cold Pain Therapy Market - Key Players, New Methodology, Overview Majourly Dominated by Musculoskeletal Disorders, Post-Operative Therapy and Sports Medicine

Top players operating in cold pain therapy market are Sanofi (France), DJO Finance (US), Pfizer (US), 3M (US), Hisamitsu Pharmaceutical (Japan), Johnson & Johnson (US), Medline Industries (US), Össur (Iceland), Performance Health (US), Beiersdorf (Germany), Rohto Pharmaceutical (US), Breg (US), Romsons Group of Industries (India), Custom Ice (US), and Unexo Life Sciences (India).

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Cold pain therapy market report studies factors affecting market growth. It analyzes opportunities & challenges in market & provides details of competitive landscape for market leaders. Report analyzes micro markets with respect to their individual growth trends. Cold pain therapy market is segmented into musculoskeletal disorders, post-operative therapy, sports medicine, and post-trauma therapy on the basis of application. In 2017, the musculoskeletal disorders segment is growing at the highest CAGR during the forecast period. The increasing incidence of arthritis, osteoarthritis, back pain, and joint pain; rising geriatric population; increasing trend of self care.

3 Executive Summary

4 Premium Insights
4.1 Key Drivers in the Cold Pain Therapy Market (2018-2023)
4.2 Global Cold Pain Therapy Market, By Product 2018 vs 2023 (USD Million)
4.3 Global Cold Pain Therapy Market: By Application (2018 vs 2023)
4.4 North America to Hold the Largest Market Share in the Cold Pain Therapy Market in 2018
4.5 Asia-Pacific to Register the Highest CAGR in Cold Pain Therapy Market During the Forecast Period (2018–2023)

5 Market Overview
5.1 Introduction
5.2 Key Market Drivers
5.2.1 Increasing Incidence of Sports Injuries and Rising Emphasis on Exercise and Gym Activities
5.2.2 Growing Number of Hip and Knee Surgeries Across the Globe
5.2.3 Growing Need for Safer Pain Management Modalities as Opposed to Oral Drug Therapy
5.2.4 Clinical Evidence in Favorof Menthol-Based Topical Analgesics
5.3 Key Market Restraints
5.3.1 High Usage of Low-Priced Analgesic Pills for Immediate Pain Relief
5.3.2 Lack of Reimbursement
5.3.3 Lack of Substantial Clinical Evidence in Favor of Cold Pain Therapy
5.3.4 Health Hazards and Discomfort Associated With Cold Pain Therapy Products
5.4 Key Market Opportunities
5.4.1 Growing Adoption of Analgesic Patches Because of the Advantages Associated With the Use of Them
5.4.2 Aging Population Sensitive to Traumatic Injuries
5.4.3 Growing Awareness Among Consumers Owing to Promotional Marketing Strategies
5.4.4 Growing Use of Cold Pain Therapy Among Middle-Aged Women
5.4.5 Increasing Regulatory Barriers for Oral Pain Medications
5.5 Key Market Challenges
5.5.1 Availability of Alternative Non-Drug/Device Pain Management Therapies
5.5.2 Stringent Regulations on Ammonium Nitrate Usage

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The global cold pain therapy market is projected to reach USD 2.12 Billion by 2023 from USD 1.69 Billion in 2018, at a CAGR of 4.6%. The increasing incidence of sports injuries and rising emphasis on exercise and gym activities, growing number of hip and knee surgeries across the globe, and growing need for safer pain management modalities as opposed to oral drug therapy are expected to drive the demand for cold pain therapy products during the study period.

Geographically, the cold pain therapy market is segmented into North America, Europe, Asia Pacific, and the RoW. APAC is projected to be the fastest-growing regional segment in the cold pain therapy market. The rising geriatric population, increasing incidence of arthritis, strong presence of major players in the cold pain therapy market with established product portfolios.

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Cold pain therapy market is categorized into OTC products and prescription products. In 2018, OTC products segment is expected to account for the largest share. The large share can be attributed to factors such as high patient preference for topical pharmaceuticals compared to oral medications owing to its lower side effects, fast pain relief, and convenience in use.

Report studies the cold pain therapy market based on product, application, and region. The report also studies factors affecting market growth; it analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends.

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