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Comprehensive Market Research on Cold Pain Therapy Industry Size, Share, and Future Forecasts
Cold Pain Therapy Market
As per the report, the cold pain therapy market size has grown strongly in recent years. It will grow from $1.66 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The cold pain therapy market size is expected to see strong growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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The Symbiotic Rise Gym Activities Fueling The Surge In Cold Pain Therapy Market
The increased importance of gym activities is significantly contributing to the growth of the cold pain therapy market. Gym activities are increasing due to the need to improve brain health, help manage weight, lower the risk of disease, strengthen bones and muscles, and improve the ability to do everyday tasks. Cold pain therapy products alleviate pain caused by musculoskeletal injuries that occur in gym activities. For instance, in March 2022, according to a report by the Australia Bureau of Statistics, an agency of the Australian Government responsible for statistical collection and analysis, 73.4% of adults aged between 18 and 64 in Australia undertook 150 minutes or more of physical activity regularly, thereby increasing the potential for muscle and tendon injuries. Therefore, the increasing importance of gym activities will drive the cold pain therapy market.
Technological Advancements Paving The Way In The Cold Pain Therapy Market
Technological advancement is the key trend gaining popularity in the cold pain therapy market. Major companies operating in the cold pain therapy market are trying to come up with new technological advancements in their product offerings to gain a competitive edge in the market. For instance, in April 2022, Jenburkt Wellness, an India-based company operating in cold pain therapy unveiled Zixa Strong, an innovative fast-acting pain relief range. This involves innovative oil-in-water flash micelle technology, a combination of ultra-rapid mixing techniques, and a uniquely powerful approach to modify the structure with oil-based formulations that improve therapeutic efficacy.
The cold pain therapy market covered in this report is segmented -
1) By Product: OTC Products, Prescription Products
2) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, E- Pharmacies
3) By Application: Musculoskeletal Disorders, Post-operative Therapy, Sports Injuries, Post-trauma Therapy
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Major companies operating in the cold pain therapy market report are Unexo Lifesciences Pvt. Ltd., Össur Corporate, Hisamitsu Pharmaceutical Co. Inc., Johnson & Johnson, Pfizer Inc., Sanofi S.A., Rohto Pharmaceutical Co. Ltd., 3M Company, Cardinal Health Inc., Compass Health Brands, Breg Inc., Medline Industries LP, Performance Health Supply Inc., Romsons Group of Industries, Beiersdorf AG, DJO Global Inc., Gilead Sciences Inc., Astellas Pharma Inc., AstraZeneca plc, Novo Nordisk A/S, Polar Products Inc., The Bristol-Myers Squibb Company, Mueller Sports Medicine Inc., Eli Lilly and Company, Bruder Healthcare Company LLC, ThermoTek Inc., Boehringer Ingelheim International GmbH, GlaxoSmithKline plc, Medtronic plc, Performance Health LLC
Contents of the report:
1. Executive Summary
2. Cold Pain Therapy Market Report Structure
3. Cold Pain Therapy Market Trends And Strategies
4. Cold Pain Therapy Market - Macro Economic Scenario
5. Cold Pain Therapy Market Size And Growth
…..
27. Cold Pain Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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