Heat Therapy Market to Surpass Valuation of US$ 1.7 BN by 2031 | Projected to Expand at a CAGR of ~4%

According to the report, the global heat therapy market was valued at US$ 1.1 Bn in 2020. It is projected to expand at a CAGR of ~4% from 2021 to 2031. North America held a major share of the global heat therapy market in 2020, due to high prevalence of musculoskeletal disorders and rise in geriatric population in the region. According to the Population Reference Bureau, geriatric population in the U.S. is projected to nearly double from 52 million in 2018 to 95 million by 2060. The heat therapy market in Asia Pacific is expected to expand at a high CAGR of 5.2% from 2021 to 2031 due to an increase in healthcare expenditure in the region.

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global heat therapy market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2021 to 2031. The report provides revenue of the global heat therapy market for the period 2017–2031, considering 2020 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global heat therapy market during the forecast period.

The report has been prepared after primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global heat therapy market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global heat therapy market.

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The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global heat therapy market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global heat therapy market.

The report delves into the competitive landscape of the global heat therapy market. Key players operating in the global heat therapy market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global heat therapy market that have been profiled in this report.

Key Questions Answered in Heat Therapy Market Report

What are the major drivers, restraints, and opportunities in the market?
What will be the Y-o-Y growth of the global heat therapy market between 2021 and 2031?
What are the revenue share projections of key segments of the global heat therapy market during the forecast period?
Will North America continue to be the most profitable market for heat therapy treatment?
Which factors are anticipated to hamper the global heat therapy market during the forecast period?
Which are the leading companies in the global heat therapy market?

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Research Methodology

A unique methodology has been utilized by TMR to conduct comprehensive research on the growth of the global heat therapy market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global heat therapy market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMRs study on the heat therapy market as primary methods.

These primary research respondents have provided exclusive information during interviews, which serves as a validation from the heat therapy market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global heat therapy market with accuracy. The study also uses the top-down approach to assess the revenue of each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMRs estimates on future prospects of the global heat therapy more reliably and accurately.

Keywords

Heat Therapy Market
Heat Therapy Market Share
Demand for Heat Therapy
Sales of Heat Therapy
Heat Therapy Sales Demand
Heat Therapy Market Forecast
Heat Therapy Sales Forecast
Heat Therapy Demand forecast
US Heat Therapy Market
Canada Heat Therapy Market
Europe Heat Therapy Market
Middle East Heat Therapy market

Companies Mentioned

DJO LLC
Thermo Tek Inc
Cardinal Health
CarexHealth Brands, Inc.
The Mentholatum Company
Medline Industries, Inc.
Halyard Worldwide, Inc.
Kobayashi Pharmacuticalco., Ltd
TrekProof

Countries Covered

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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