Cold Pain Therapy Market Headed for Growth and Global Expansion by 2028

Cold Pain Therapy Market Report 2021 added recently by CMI, evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summary that illustrates the competitive milieu, growth opportunities and application landscape of the Cold Pain Therapy depending on the industry's financial and non-financial impact. The complete range of information related to the Global Cold Pain Therapy Market is obtained through various sources and this obtained bulk of the information is arranged, processed, and represented by a group of specialists through the application of different methodological techniques and analytical tools such as SWOT analysis to generate a whole set of trade-based study.

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Cold pain therapy using pharmaceutical agents has been extensively used to treat pain and inflammation resulting from trauma, rheumatism, osteoarthritis, diseases affecting the musculoskeletal system, migraine, chemotherapy and other disorders affecting the gastrointestinal tract, including stomach disorders. Cold pain therapy has been used by millions of people all over the world for relief from different types of pain and has helped millions find relief from different ailments. Cold pain treatment has helped reduce fever and inflammation and has also been used as an analgesic, anesthetic, and a painkiller.
Cold pain therapy has been the primary source of pain relief for children in neonatal intensive care units, for those with musculoskeletal disorders and spinal cord injury.

Competitive Landscape

Major companies contributing in the global cold pain therapy market include Medline Industries, Performance Health, Hisamitsu Pharmaceutical, Sanofi, Custom Ice, Romsons Group of Industries, Beiersdorf, 3M, Breg, Unexo Life Sciences, DJO Finance, Rohto Pharmaceutical, Johnson & Johnson, Pfizer, and Ossur.

Drivers

Growing number of road accidents and sports-related injuries combined with the rapid adoption of pain relieving solutions is expected to propel growth of the cold pain therapy market over the forecast period.

Moreover, rising occurrences of orthopedic disorders in the senescent population coupled with the improved accessibility to cold pain relief products are expected to boost growth of the cold pain therapy market during the forecast period.
Analysis of COVID-19 Pandemic

The onset of the COVID-19 pandemic has severely impacted the cold pain therapy market in the second and third quarter of 2020. This impact was due to the closure of gyms, fitness centers, parks, and outdoor activities as a preventive measure to curb the spread of COVID-19 infections.

Furthermore, the cross-country and cross-state travelling was also prohibited, which resulted in a declining number of road accidents, thus, affecting the cold pain therapy market. However, the market was able to bounce-back following the upliftment of nationwide lockdowns. The surplus shift to digital platforms for remote patient monitoring along with the trend of self-medication among athletes is expected to provide lucrative growth opportunities for the players operating in the global cold pain therapy market.

Key Takeaways

• The cold pain therapy market is projected to grow at a CAGR of XX % during the forecast period owing to rising cases of orthopedic diseases and other bone injuries. For instance, according to the Centers for Disease Control and Prevention (CDC) report, around 32.5 adults are suffering from osteoarthritis in the U.S. as of August 2021.
• In the territorial breakdown, the North American region is posing huge growth potential for the cold pain therapy market in the view of high obesity rate and increasing geriatric population.
• In parallel, the Asia Pacific is also providing to be another fertile region for the cold pain therapy market on the heels of rising number of orthopedic disorders and Osteoarthritis.

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What’s in the offering:

The research study evaluates the overall size of the Cold Pain Therapy Market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analyzing previous years’ data of these segments and sub-segments for getting an accurate and complete market size.

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