Cold Pain Therapy Market 2020 Sees Promising Growth | Leading Players are  Sanofi, 3M, Polar Products, FrozenPeaz, Medichill UK, Romsons, MeyerDC, Hisamitsu Pharmaceutical, Rapid Aid, Performance Health, Medtronic

The primary sources employed while generating this Cold Pain Therapy Market report include the industry experts from the industry comprising the management corporation, processing organizations, analytical service suppliers of the industry’s value chain. All primary sources are interviewed to accumulate the data and validate qualitative & quantitative information and conclude future prospects. Secondary research consists of key data about the industry value chain, the complete pool of major players, and application areas. The Cold Pain Therapy Market report assist in market segmentation according to industry latest & upcoming trends to the bottom-most level, topographical markets and key advancement from both market and technology aligned perspectives.

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Market Analysis: Global Cold Pain Therapy Market

Global cold pain therapy market is expected to rise gradually registering a substantial CAGR of 5.3% in the forecast period of 2019-2026. This rise in market value can be attributed to Increase in the number of injuries caused during sports activities, rise in emphasis on exercise and gym activities to maintain health, growth in health care expenditure due to physical injuries caused by obesity or lack of activity and stringent regulatory approval process for oral pain medicines during the forecast period .

Key Market Competitors:

Some of the major players operating in global cold pain therapy market are Sanofi, 3M, Rohto Pharmaceutical Co., Ltd., DJO Global, Medline Industries.  Inc., Unexo Laboratories Pvt. Ltd.,  Bruder Healthcare, Hot and Cold Company, Polar Products Inc., FrozenPeaz Inc., Medichill UK, Romsons, MeyerDC, Hisamitsu Pharmaceutical Co., Breg, Inc., Rgis, Llc., Rapid Aid, Performance Health, Össur Corporate, Medtronic among others.

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The increase in market value can be attributed to rise in the number of injuries due to sports activities, increase in geriatric population, exercise and gym activities for health maintenance, increase in health care expenditure due to obesity and supportive initiative of the government is flourishing the market growth.

Market Definition: Global Cold Pain Therapy Market

Cold therapy also known as cryotherapy uses cold material for relieving local pain, myofascial pain and pain due to muscle spasm. It reduces the blood flow to a particular area, which help in reducing the inflammation and swelling around joints. This cold treatment slows down the blood flow to the injury and hence reducing the swelling and pain. The use of ice packs is most widely used as a primary analgesic in relieving pain. Mainly the injuries caused due to the sports activity, gym activities are the major drivers for the growth of this market.

Segmentation: Global Cold Pain Therapy Market

Cold Pain Therapy Market : By Product

OTC Products
Prescription Products

Cold Pain Therapy Market : By Application

Musculoskeletal Disorders
Sports Medicine
Post-Operative Therapy
Post-Trauma Therapy

Cold Pain Therapy Market : By Therapy:

 Icepack Therapy
 Chamber Therapy
 Cryosurgery

Cold Pain Therapy Market : By Distribution Channel

Hospitals Pharmacies
Online Pharmacies
Retail Pharmacies

Cold Pain Therapy Market : By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market:

In June 2018, Halyard Health, Inc. in Alpharetta announced a definitive agreement to acquire Cool Systems, Inc., marketed as Game Ready, a provider of cold therapy and compression therapy systems. This would help in broadening the orthopedic footprint and would provide innovative non-opioid therapies that reduce or eliminate the usage of opioids for surgical patients

In April 2019, Pacira BioSciences, Inc.  announced its acquisition with MyoScience, Inc. (“MyoScience”), which will advance the non-opioid pain management by adding the FDA-approved iovera system to the Pacira commercial offering. This would help patients and healthcare providers to fight the opioid crisis by offering innovative therapies to decrease or eliminate the need for opioids

Cold Pain Therapy Market Drivers :

Increase in geriatric population is enhancing the market growth

Increase in demand of cold pain therapy mainly in the field of sports injury is a driving factor for the market growth

Availability of several products for pain relief in the market is accelerating the growth in the market

Growing awareness among consumers owing to promotional marketing strategies

Supportive initiative of the government is flourishing the market growth

Cold Pain Therapy Market Restraints :

Side effects due to use of cold pain therapies coupled with various discomforts is a restraint in the market growth

The clinical evidence for the medication of cold pain therapy is also hampering the market growth

Cold Pain Therapy Market analysis report offers strategic & tactical support to clients for making well-informed business decisions. DBMR team provides customization of this market report according to the business needs. Contact sales team, who will assure to get a report that suits the necessities. The report carefully examines the global Cold Pain Therapy Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. Such market report is made available for industries, individuals, and organizations across the globe, and offerings are delivered in the shortest possible turnaround time.

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