Cold Pain Therapy Market Size, Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2028

The global Cold Pain Therapy Market is expected to grow from US$ 2,189.94 million in 2021 to US$ 3,143.88 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Significant rise in geriatric and obese population drives the market growth. Increasing R&D investments and product launches would act as a future trend in the market during the forecast period.

Various economies such as the US, the UK, Canada, Japan, China, India, and South Korea are witnessing considerable modernization of healthcare facilities and improvements in healthcare services. As a result, life expectancy of people in these countries has increased, leading to an increase in the geriatric population

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Analysis of the Top Market Players:

1. Brownmed Inc
2. Bruder Healthcare Co LLC
3. DJO Global Inc
4. Ossur hf
5. Cardinal Health Inc
6. Vive Health LLC
7. Battle Creek Equipment Co
8. ThermoTek Inc
9. Advanced Therapeutics of LI LLC
10. Sichuan Jiuyuan Medical Technology Co Ltd.

In this report, the market has been segmented on the basis of:

Application
• Runner's Knee
• Tendonitis
• Sprains/Sports Sprain
• Arthritis Pain
• Pain and Swelling After Hip or Knee Replacement
• Pain or Swelling Under Cast or Splint
• Surgery Recovery
• Lower Back Pain

Offering
• Over-the-Counter
• Prescription Products
• Rehabilitation Exercises
• Ice Wrap and Cold Packs
• Pads
• Compression Therapy
• Ice Buckets without Compression

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Various economies such as the US, the UK, Canada, Japan, China, India, and South Korea are witnessing considerable modernization of healthcare facilities and improvements in healthcare services. As a result, life expectancy of people in these countries has increased, leading to an increase in the geriatric population. According to WHO, the population aged 60 years and above was 1 billion in 2019; it is expected to reach 1.4 billion by the end of 2030 and 2.1 billion by the end of 2050.

Furthermore, the US Census Bureau report states that the number of people in the US aged 65 and above is anticipated to grow from 46 million in 2016 to ~98 million by 2060, registering a surge in population from ~15% to ~24% during the same period. As per the report published by Eurostat, 20.8% of the population of Europe was aged more than 60 years in 2021, accounting for the highest percentage among all regions.

Also, by 2050, all regions, except Africa, will have ~25% of their populations aged 60 and above. Additionally, 80% of the population growth will be registered in underdeveloped and developing countries. According to the Osteoarthritis Action Alliance, osteoarthritis is the most common form of arthritis in the US, which affected 32.5 million people and 43% of the population aged 65 years and above in 2020. Thus, the rise in the geriatric population has increased the prevalence of various orthopedic conditions such as osteoarthritis, joint pain, joint replacement, and osteoporosis, which is propelling the demand for cold pain therapy.

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